Do you consider copy trade❓ this article may help you🙂

Transaction signal copying is one of the trading methods on the currency market.

Of course, copying transaction signals has its pros and cons.

Below I will present to you the view on this subject resulting from my observations.

First, let's look at the benefits

  1. You don't have to develop new strategies to maintain profitability, it's the job of the signal provider.

  2. You can diversify the risk when choosing multiple signal providers.

  3. Potentiation large possibilities of choosing signal providers (copytarde platforms, private companies, and investors).

  4. copying platforms have very good filters that allow you to search for a signal provider according to various parameters, for example, MAX DD in pips or%.

The disadvantages include

  1. You must trust the signal provider or signal providers.

  2. Delay in the execution of orders, it takes a fraction of a second for the order to be carried out on the recipient's side, so the transaction execution price may differ from the execution price on the signal provider's cat.

  3. Difference in quotations between brokers.

  4. Anyone can send transactional signals, which is why finding the right signal provider. can be difficult.

  5. Technical issues like an unexpected restart of machines on which the platform is installed.

  6. problems with the network connection, too much load on the transaction platform.

You can always use the hybrid form, i.e. trade yourself and copy transaction signals

As you can see, you have huge opportunities to trade 🙂, which form you will use is your decision🙂

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Risk Disclaimer

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Profit-sharing accounts are subject to a monthly performance fee per selected trading system.

Forex trading involves a real risk of loss. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss. Past performance is not indicative of future results.

All information posted on the site and subpages is the author's subjective view, is educational and does not constitute investment advice, recommendations or suggestions of the strategy. Investments on the currency exchange using financial leverage are associated with the risk of losing some or all of your capital, even with little price movement. When making investment decisions, be guided by your own judgment.