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Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Traders can follow this streamlined 3-step process to generate passive income in the worldtradexFX broker. The rating displays the list of Master Traders sorted by their risk score. The higher the score, the riskier the strategies the Master Trader uses are. The filter at the top of the screen also allows you to sort Master Traders by their gain or popularity. One thing I really appreciate about worldtradexFX is that they don’t hit you with those overnight charges.
App support
Users Worldtradex review can increase or reduce their capital, change copy trading settings, or stop the copying process at any time through the “Manage Copying” section. Fill in your details to sign up or log in with Google or Facebook. You must confirm that you are not a U.S. citizen, resident, or taxpayer to continue. And they give you this free Autochartist report if you’re on a silver account like mine. worldtradexFX is an international Forex broker that operates worldwide.
- worldtradexFX is a well-known brokerage offering a wide range of services for traders globally, including its innovative Copy Trading feature.
- Once your account is set up, you will need to deposit funds into it.
- You’ll know when a trader makes a move, so you can stay on top of your investments.
- This is where you’ll find all the data you need to identify your next future Master Trader.
- And they give you this free Autochartist report if you’re on a silver account like mine.
No Need for Extensive Knowledge
You can choose one or multiple traders to copy, depending on your investment preferences. Relying too heavily on copy trading can result in a lack of personal trading skills development. If you continuously copy traders without learning the ropes yourself, you may never gain the experience needed to make independent, informed decisions. worldtradexFX offers a copy trading feature that lets you automatically mirror profitable traders. Now, before you think this sounds too good to be true, let me walk you through what worldtradexFX copy trading is and how it works. worldtradexFX is a reputable forex broker that was founded in 2011.
- Tap on a Master Trader to view his or her detailed performance stats and trading strategy.
- This can be done quickly by visiting their website and registering.
- First, it’s a fantastic way to learn the ropes of trading.
- The platform includes a Copier Area (Followers), a Master Area (Providers), and a Rating dashboard.
While you don’t necessarily have to master the knowledge of making profits from copy trading, it does require some basic understanding of what to look out for. Some of the most important things to be considered are the copy trading platform and the trader to copy. When you copy a trader, you are essentially placing your trust in their judgment. You have no control over the specific trades they make, so if you don’t agree with a trade, you can only wait for the system to replicate it or stop copying the trader altogether. This lack of control can be uncomfortable for some investors.
Copy Trading APP
Copy trading is an excellent solution for those who don’t have time to monitor the markets or conduct in-depth research. It allows you to follow other traders’ strategies passively, saving time while still participating in the financial markets. Each trader on the platform has a different strategy and risk profile, so it’s essential to carefully evaluate which trader suits your goals and risk tolerance. You can also see statistics like their total trades, win rate, average gain, and monthly performance, which can help you make an informed decision.
worldtradexFX Copy Trading
Today, the broker has served over 10 million trading accounts from clients in more than 150 countries worldwide. The best thing about this broker is its incredible support for clients. worldtradexFX offers one of the tightest spreads in the industry, a favorable loyalty program, and plenty of educational materials. If you’re looking to start trading but don’t have the time or experience to actively manage your trades, worldtradexFX Copy Trading is an excellent option to consider. worldtradexFX’s platform provides access to a global network of traders. You can browse through the strategies of traders from all over the world, each with their unique trading styles and approaches.
You don’t need https://worldtradex.biz/ to be a pro – you just mimic the moves of someone who knows their stuff. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee.
Your account balance will grow or decrease based on the success of the trader you are copying. If the trader makes a profitable trade, you’ll share in those profits, proportionate to your investment. Conversely, if the trader incurs a loss, it will be reflected in your account as well. Just because you’re copying other traders doesn’t mean you can set it and forget it. If you notice a drop in their success rate or changes in the market, be ready to adjust your strategy accordingly. It’s like sailing – you need to adjust your course when the winds change.
Step 1: Setting Up an Account
Navigate to “Manage Copying” to monitor active investments. Review current capital allocation, equity, profit rates, floating profits, and risk scores. The minimum investment amount differs with every Master Trader. You can set up copying in equal, double, or triple volume or you can specify the preferred copy proportion manually.
However, while worldtradexFX Copy Trading can be profitable, it’s not a guaranteed goldmine. Like any investment, it’s important to do your homework, be aware of the risks, and have a realistic outlook on what you can achieve. And remember, it’s not just about the profits; it’s also about the learning journey. One key to success in worldtradexFX Copy Trading is diversification. It’s like the old saying goes – “Don’t count your chickens before they hatch.” By following a mix of different traders with various strategies, you spread the risk. That way, if one trader has a rough patch, your whole investment won’t take a nosedive.
How to Choose the Best Trader to Copy on worldtradexFX
Tap on a Master Trader to view his or her detailed performance stats and trading strategy. Choose the Master Trader you want to follow and start copying the trades automatically. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” Select a master trader profile and review their performance details, including strategy description, risk score, total profit, and commission percentage (ranging between 0 to 50%).
worldtradex Copy: copy trading app 1.9.0 variants
After your account is set up, you’ll need to deposit funds into your account to begin trading. After that you can start following the best traders in the worldtradexFX Copy-trading platform, the platform lets traders copy expert traders automatically with no manual actions. The service fee is actually included in the spread as a markup of 0.2 pips. Now, the Master Trader’s commission is a separate thing, and it’s something you’ll know in advance.