That means their wins can be your wins, but their losses can be your losses too. The cool thing is, there are various leaders to pick from, and they have different strategies. Some go all-in, some play it safe, so you can find a strategy that suits your risk tolerance. There’s risk management in place, so you’re not putting all your eggs in one basket. In simple terms, copy trading allows you to copy the trades of experienced investors on the worldtradexFX platform. So you get to piggyback off their knowledge while learning the ropes!
No weird surprises, no issues – it’s been pretty smooth sailing. Apart from the number of followers, it’s also important to check the trader’s order history. worldtradexFX Copy Trading simplifies the complex world of trading, making it accessible for anyone, anywhere. So, if you’re looking to grow your wealth and learn from the best, it’s definitely worth giving it a try. Once the app is on your phone, you’ll see a section dedicated to Copy Trading. You can sign up with your Google or Facebook accounts, or create a stand-alone account in the app.
How to Choose the Best Trader to Copy on worldtradexFX
The domain belongs to a group of companies called worldtradex Markets Incorporated which is registered https://worldtradex.pro/ with St. Vincent and Grenadines FSA. Currently, the company focuses on Asian, South African, and Australian markets. worldtradexFX.com does not accept European clients as this market is specifically appointed to worldtradexFX.eu (regulated by CySEC). If you are looking for copy trading signals, you can check out our best social trading platforms for some options.
TradingFinder.com assumes no responsibility for any potential losses or damages. All decisions are the sole responsibility of the individual. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care.
- In this article, we will explore everything there is to know about worldtradexFX’s Copy Trading, how it works, the benefits and risks, and how you can get started.
- You can even try worldtradexFX’s different account types with the demo account.
- Fill in your details to sign up or log in with Google or Facebook.
Step 2: Browse and Select a Trader to Copy
There are no guarantees or specific guidelines to prevent losses. Check the trader’s performance over the last 12 months and consider the profit and loss. It’s even better if they’ve been trading longer, so you can examine their performance during different market conditions. One of the biggest challenges in copy trading is choosing who to copy. It is important to understand that worldtradex Master Traders can make both profitable and losing trades. So, if you choose an unprofitable trader, you will also lose your money depending on the proportion that you’ve invested.
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- When you copy a trader, you’re putting your money into someone else’s hands.
- Instead, choose someone with a risk level that you can afford.
- In most brokers including worldtradexFX, the easiest way to tell is by looking at the historical performance graph.
If you have an account on the worldtradex site, you can use these credentials to log in. You can apply more filters by pressing the settings icon at the bottom-left corner of the screen. If you already have an worldtradex profile, enter your email and password or sign in with Google or Facebook. You must sign up or log in when you launch the app for the first time. ������� SR �� FR �� ��, 90 �� 180 ���� ��������� “The Wall Street Journal”, “Financial Times”, “Reuters”. �� FD (��; dis) – ���������� ����������� (����� ��� �������); FR – ���������� ����; SR – ����-����; t – ����� (� ����) 䳿 ����������� ���������.
What is worldtradexFX Copy Trading?
This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Access “Join Copy Trading,” select a master trader, click “Set Up Copying,” and configure trade settings. To fund your social trading account, read the worldtradexFX deposit and withdrawal methods article on the worldtradexFX tutorial page.
Once you’ve set up everything, the system will automatically replicate the trader’s moves. You can monitor the trades in real-time and track their performance through the worldtradexFX dashboard. The platform also allows users to modify their investment amount or stop copying a trader at any time if they feel the need to make adjustments. Traders who use the worldtradexFX copy trading feature to earn passive income, must pay fee to master traders (ranging between 0% to 50%) to copy their strategies.
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Passionate in contemporary global financial issues, I’m currently active in researching topics on forex, trading strategies, and cryptocurrency. Available to work on various scopes related to trading; from beginner’s guide, technical analysis, broker guides, to fundamental insights. You’d want to scammed by Worldtradex choose someone that shows consistent rather than sporadic results. In most brokers including worldtradexFX, the easiest way to tell is by looking at the historical performance graph.
Each Master Trader’s stats will show you the commission size, so you’re always in the know. Minimum investment requirements vary depending on each master trader’s profile and conditions. Use the available options to add or reduce capital, adjust copy ratios, and stop copying trades at any time.
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In the meantime, use your spare time to enrich yourself with trading knowledge. You can read trading articles, watch educational videos, or even apply to a training academy. Keep in mind that improving your trading skill is never a waste, even as a copy trader.
worldtradexFX also has a copy trading platform that’s available on Google Play Store. The platform allows traders to copy an unlimited number of strategies at the same time with no additional commission fee for the broker. Copiers are free to choose the Master Trader that they want to copy and earn passive income from the profitable trades. Even so, Copiers still have full control over their funds and they can stop the subscription whenever they like.
Monitor your trades and profits regularly, and make adjustments if necessary. You can manage your portfolio right from your mobile device. You can add or remove traders, adjust your investment amount, and customize your strategy.