Why Copy Trading Is Getting More Popular?

Copy or Mirror trading has been around for several years, but in the last couple of years in particular, copy trading is getting wider acceptable and trust of traders, both experienced and newbies alike as a means to increase the trader’s chance of winning and making profits. There are even institutions copy trade their assets from top traders.

One of the driving factors in embracing copy trading by traders is trade transparency. Experienced and seasoned traders can showcase their trading prowess with a proven track record and performance metrics to gain the trust from those who wish to follow.

Copy trading concept is simple. A trader simply trades his or her account with care using their winning strategy and these trades are instantly replicated onto the follower’s account.

Copy trading is a win-win for both the trader and the follower who copies the trade. The trader receives his fees by sharing his winning trades and the followers get to tag along with a strong alpha trader and both win together.

So, it is not surprising to see social and copy trading platforms are seeing greater signups and top traders are managing tens of millions of dollars of clients’ funds collectively.

Copy trading should not be confused with trade signal service. The latter typically sends out text messages of upcoming trades, but are not substantiated with a proven track record as in copy trading.

I run Genesis Asset Monitor copy service with Signalstart for a low monthly fee of $40. I have been trading the fund since 2016 and have many followers following me for a long period.

Here are important tips to get you started:

Due diligence in looking for a robust strategy

Pick a successful strategy. You have a fully verified track record to review and compare. The number 1 important aspect in picking a robust system is trading duration. Know how long the system has been trading. Independent studies have shown that systems trading over 9 months are more likely to trade consistently. Also ensure the maximum drawdown is not big.

Small risk capital

You can start with a small capital. After copying a trader for a while, you may have a better understanding of the trader's trading style and feel comfortable in the system. Some of my clients started off as low as $1000, and then increase their fund allocation gradually.

Monthly income

If done right, copy trading can be your second income source. Genesis Asset Monitor has been making positive growth month after month and my followers are thrilled with their account growth.

Leverage your time

Trading can be extremely time consuming and tedious, from analyzing charts and data to placing and managing trades can be daunting for most. Copy trading is best suitable for busy people and for those who don't have the right winning strategy to trade comfortably.

Discuss with your trader

It is very important to have direct communication with your trader as you may have questions regarding market movement and news. Make sure they can be reached. I receive several emails from my followers on a daily basis and I care to answer everyone promptly. I also send out regular updates and have my own website forexnewrulebook.net where I would post my blogs and trade views.

Save big money

There are many hedge fund quality systems, you can find with copy trading. You can even save a ton in management and profit sharing costs associated with fund management. You also can cancel your commitment at any time.

Copy Trader's capital

A trader must trust his own system. Avoid copying an account on a Cent account or account that has been kept below $1000 indicates “risk on” for the followers.

$850,000 That's What Genesis Asset Monitor is Managing Subscribers' Funds

at SignalStart!!



Copy trade system at Signalstart

Our popular passive income trading strategy is growing our account size and client base steadily. You too can be part of this growth and win!!

The current uncertain economic situation of 2018 can be daunting. Yet, Genesis Asset Monitor is beating the markets BIG.

What is the secret? Genesis Asset Monitor hedges its trades on various currency baskets therefore has a better position in producing a superior trading performance than others.

Genesis Asset Monitor makes about 8% on average every month consistently for the past 18 months.

The trading performance is ranked amongst the top 2% of all global pro funds, making it to stand out tall.

It is time to benefit from its track record to make money online knowing that you are dealing with the world’s well managed and safe return fund.


About the author

Ramesh is an active trader producing over 200% gain in 2017 and author of 3 trade strategy development books sold on Amazon. He is the creator the 10/20/30 Rule™ that could transform a mediocre trading system to become a top performer by following a systematic and thoughtful approach on strategy development.

website: www.forexnewrulebook.net

#trading #stocks #backtesting #strategies #autotrading #forex #investing #copytrading #socialtrading #investment #moneymanagement

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