The secrets of successful copy trades using Mirror Trader
To make a Deposit to your trading account with a broker and start earning — is not this the dream of most beginners? Many consider it to be impracticable, but in vain. Using system copy trades of other traders any novice can literally with the first transaction to start earning on Forex.
There are many options copy trades of other traders. Today we will focus on the not too well known in Russia, but highly respected in the West Mirror Trader system.
This system is developed by the company Tradency and used by leading brokers in Europe and in the United States. It Tradency in 2005, invented a system of copying trades and developed the first program in the world to implement such operations.
What is it like copy trades of other traders? Imagine that you are located in the trading room of any major broker. You watched as hundreds of traders, I see their strengths and weaknesses. On the big screen showing that each of the traders use the trading strategies, how much bargain and which, as far as they are profitable.
Safely ensconced on the comfortable sofa, you take your time and analyze the information and choose those traders, strategy and trading results of which you most liked, and then go on and copy all their trades. Sounds fantastic, isn't it?
This system of copying transactions of traders collects data from the trade and strategies many traders around the world, analyses them and gives the user Mirror Trader, understandable and transparent tables.
When choosing a particular strategy, or a trader, you can analyze huge amount of information on operations, see their history and parameters (amount, term, yield, etc.) — in other words, each user system of copying transactions can make an informed and appropriate choice in favour of a particular trading strategy and the trader.
After choosing the corresponding trading strategy, the system will automatically copy it. No manual intervention is required — all operations Mirror Trader holds on their own.
Features and benefits Mirror Trader
An important advantage of copy trading is that the trader may at any time copy more than one strategy or trader. Thus, even a beginner trader can diversify their risk and more accurately manage their Forex trading accounts.
By the way, recently the company Tradency conducted a survey of active traders that use system copy trades Mirror Trader. The results speak for themselves:
• 90,2% say ease of use system copy trades Mirror Trade;
• 92,4% were in awe of the possibilities of automated trading 24 hours a day, 6 days a week;
• 80.6% of consider Mirror Trader as a tool for long term trading.
All the information on the possibilities of using the system copy trades Mirror Trader on the results of work on the trading platform AlfaTrade. The terminal of this ECN broker is easy to use and has a wide range of features and functions. Tight spreads, no slippage and conflict of interest guarantee a high quality of service will be evaluated by both beginners and experienced sharks of the financial markets.
