How To Copy a Trader
After you analyze and choose a trader to copy based on his trading statistics it is time to configure the parameters of the trades that will be copied.
When you are ready to start copying a trader you can simply click on the “Copy” button located under the trader’s summary or within the trader’s profile:
Once you click the Copy button a new window will appear where you can set the rules for copying this trader:
You need to set the initial investment per trade. This will be the amount of margin that you will use from your account to copy trades.
The minimum “Position value” when trading currency pairs is 1 000 units and the leverage is 1:200 therefore we need to set the “Investment per trade” to a minimum of 5 EUR or more.
Now every time this trader opens a trade it will be copied and executed in your account as well using 5 EUR from your account as margin. If 5 EUR is below the minimum margin required the trade will not be executed. Whatever the trader you copy has set as stop loss or take profit levels will be automatically applied to your trade as well. So if the copied trade does not have a stop loss and you believe it should you would need to update your trade manually.
Any Pending orders created by the traders you copy will be created in your own account too with the same parameters. If a copied trade is closed by the trader you are copying the trade will be closed in your account also.
Once a trader you are copying opens a trade and it is executed in your real account too it will appear in your “Social Web Trader” under “Open Positions” tab. You can sort trades by “Origin” to separate copied trades from those that you executed manually.
All the traders you copy will appear in My Network page where you can update Copy settings.
Wishing you successful trading!
Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.” Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.