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
You don't have to develop new strategies to maintain profitability, it's the job of the signal provider.
You can diversify the risk when choosing multiple signal providers.
Potentiation large possibilities of choosing signal providers (copytarde platforms, private companies, and investors).
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
You must trust the signal provider or signal providers.
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.
Difference in quotations between brokers.
Anyone can send transactional signals, which is why finding the right signal provider. can be difficult.
Technical issues like an unexpected restart of machines on which the platform is installed.
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🙂