What is a Trade Copier in Forex 

 February 14, 2016

By  Advanced Strategies

What is a Trade Copier in Forex

This is a common question asked especially from new traders. This is where MT4 really shines. Basically, in simple English, a trade copier is a technology that allows you to copy the trades of a master account in real time. You do nothing and the trade happens when the master account enters into a new trade. Of course, the master account must also grant you the permission to copy all his trades.

This technology is awesome because it now allows any newbie trade to allocate a small portion of their portfolio to copy the trade of a master trader. If you can find a master trader to copy, then it’s all great. However, if you copy a master trader who is not a master, then trouble awaits as it’s a matter of time before the so called master trader blows up your account. So be careful with who you copy. There are many so called master traders out there that provide free service but we strongly suggest that if you want to copy anyone be sure that you understand their strategy and also make sure that they have their portfolio verified by an independent 3rd party – just to be sure that they are as good as they claimed.

What is a Trade Copier in Forex

What is a Trade Copier in Forex – Image Credit: forex-tradecopier.com

Good trader copier service are usually expensive and we have searched long for one that’s good and reasonably priced. We finally we have. In fact, we thoroughly studied his strategy and service offering. If you are looking for a master trader whom you can copy all his trades in real time, then kindly click here to read our comprehensive review on this trade copier service. It’s not free for sure but it’s gonna be worth your time.

If you have any questions or comment on “What is a Trade Copier in Forex,” please ask below. We will be more than happy to hear from you.

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