The strategy description says that an automated personally-developed Expert Advisor (EA) is used for trading decisions to enter the market, while all of the trading positions are monitored and closed manually by the trader. How to choose the best traders to follow on social trading platforms to suit your trading strategy There is an awful lot of trading techniques in the financial markets. The range of currency pairs is not too wide in the strategy portfolio, which confirms that the author does not spread attention to many assets. Please note that in no way should the following list of best traders to follow be considered as investment advice. A quick review of the trading history shows that the trader takes profits in time, but some positions stay under the water for quite a while. The number of his followers (14007) and copiers (2062 at the time of writing) confirms positive results, while his AUM range is 2M-5M, which is one of the most brilliant examples of active forex copy trade. US investors cannot use forex copy trade, nor stocks and commodities.
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The rest forex copy trading platform of the advanced search tool is quite indicative and serviceable. The return is nearing 30 per year which is not bad given the lowest risk exposure. The platform is among the few that offers purely copy trading services. Traders with an annualised return of less than 10 should not be considered for copy trade as most of the financial instruments can bring much more than that. One more exclusive ZuluTrades feature is Traders Combos automatical algorithm designed to find a profitable combination of different trading strategies depending on investors risk appetite. Being an internationally recognized broker, the platform has already shown a lot of potential by allowing master traders to earn from their skills, knowledge, and expertise. If the average holding time is in the range of 2-6 days, then we mean swing trading. EToro best crypto traders to copy eToro Crypto Trader JurajFabus Jurai is a Bitcoin trader from Slovakia, using a combination of up and down strategy based on cost averaging.
His profit/risk ratio is below our requirement of 1:1 and the percentage of profitable deals is comparatively low, which could be easily explained by the full range of assets in his portfolio. Past results are no guarantee of future returns. At the same time, there are lots of traders with a 12-months return of more than 100. That makes the trading strategy more focused on the short-term period as an average number of pips gained per one position.4. One of the explanations is that the trader uses technical analysis only. Equities and stock indices are among high-risk assets in the financial markets as well. Average monthly profit dropped forex copy trading platform though after the cryptomarket entered an uncertainty phase. The quality of its services, coupled with credibility earned from many years of operation enables it to outshine the competition. The presence of EA and a wide range of currency pairs in traders portfolio suggests that the technical analysis is used more than the fundamental one. The algorithm also trades shares of crypto-related companies.
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What if the reason why investors get lost is that they dont know the final destination, cant plan the route and thus choose the guiding star? The chance to lose 10 of the account balance is highest in our list, as well as the drawdown from the peak. MyDigiTrade copy trading platform brings together traders from all over the world into a single investment network. The copy trader software allows you to copy top traders and diversify your risk by allocating your funds among several strategy providers. Another concern is that the algorithm printed negative results 4 months in a row starting from October 2018. We were trying to stick to our lowest-risk requirement in the selection, however, some asset classes suggest a higher level of heart-attack index (yes, thats one of the parameters to filter). Cryptocurrencies are the most volatile assets to trade on and thus the riskiest ones. Other important factors are stability in terms of average monthly gains and the average number of profitable weeks/months ( more than 50, while 75 is better).
ZuluTrade Forex trader MixzFXTrader The number of investors and the volume of allocated funds speaks for itself. Kanokpong Aroonroute (chocowin) is a swing trader from Thailand targeting net profit of 5 per month. All the complexity that other copy trading platforms employ has been stripped off and replaced with simple design without sacrificing quality. Although all of them have dozens of factors, analysis tools and prediction methods, three main types of trading strategies can be classified. The algorithm opens deals rarely; some of the months are inactive. EToro Forex trader berrau Bernhard Rauch is an experienced German trader with a self-developed trading strategy focused on safety. Its simplicity makes it easy for beginners to thrive without having to grasp all the jargon that comes with forex trading. Investors should have a look at the following data when considering forex copy trade. Another critical factor is the percentage of profitable positions. ZuluTrade Forex trader rydwaves Rydwaves is a group of swing forex traders based in Spain, using the technical analysis for trading decisions with a focus on Elliott Waves and Fibonacci levels.
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Swing traders should be patient and disciplined and fully trust their trading system. The average trading volume of one position compared to the account balance is quite conservative; the maximum daily drawdown is acceptable, especially in the light of annualised ROI and total profit. Maximum drawdown is acceptable. Another feature of scalping is that the relation of every deal trading volume compared to the overall account balance has to be extremely low. Thats in case if the crypto market remained at the same sideways consolidation range but not soared in the way as it did in the second half of 2017. ZuluTrade On many occasions, ZuluTrade is at par with eToro when you focus on the aspect of copy trading. Although Ayondo may be a bit limiting for veteran traders due to its simplicity, it is the perfect platform to familiarize yourself with the basics of copy trading. With a mirror trader, a technical system is set to execute the trade if the parameters are triggered, and there is little or no human oversight. Collective2 best crypto strategies Cutting Edge Cutting Edge automated trading strategy is similar to the previous one, and its the only alternative crypto trading system in the C2 platform. Almost a thousand of investors copy the traders decision with the overall volume of nearly.5M. The most useful range is 75-90, while investors should not consider those traders who have 100 of winning deals as chances of getting trapped by a losing streak are higher in that case.
The number of entries is significantly lower, as well as the number of assets in traders portfolios. You may also want to place a few test trades on a demo account before starting. Thats just pure mathematics. Djxcapital opens trades quite frequently, while the average trade time is two days. If you are an established trader, however, its basic functionality might put you off. First, open a trading account with one of the supported brokers, most of which are US based companies regulated by SEC, but some of them accept non-US customers, having the regulation by CySEC and mifid. So, if you wanted to identify traders who specialise in precious metals, for instance, you would need to scroll all the list of currency pairs to find XAU/USD (gold) and XAG/USD (silver).
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Trading, although often these terms are confused or used thinking they have the same meaning (you can read our post about what is, copy, trading to fully understand what we are talking about). Like any other copy trade platform, eToro has its own methods of performance calculations, so investors should pay attention to their additional explanations, which could be found on eToro blog. Although Luis Carlos faced a tough period in, the change in his yearly return tells that he learned his lesson. The only concern we have regarding this trader is the lowest profit/risk ratio in our list (1:3.63). We have created another top 10 of the best Social, trading networks, but we still wanted to dedicate a top 5 specifically to, copy, trades platforms. Collective2 best mixed assets strategies to copy Collective2 best mixed assets strategies PegasiCap The PegasiCap strategy focuses on futures for stock indices (E-mini S P 500 mainly). You can obtain results you could only have imagined before by using experience and knowledge of our community of traders. C2 platform shows that the system is free of charge, but that has to be checked with the developer. If you played coin flip with someone ready to pay you 2 when you win and takes only 1 when you lose, then the game would make sense as the likelihood of winning the coin flip is always. Online copytrading gains popularity every day in all parts of the world.
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This system is a long-term buy-and-hold trading approach focusing on options. When you perform maximally, your account is more likely to be replicated by other traders which means more profits and credibility on your part. The trader focuses on GBP/USD currency pair only, which makes him an expert in the narrow niche as the percentage of winning deals is above average (79). In this ranking, instead, youll find only the best brokers that offer pure copy trading services, with which you can automatically copy the trading signals of other investors and create a real portfolio of traders. Copy trading differs from mirror trading because mirror trading generally allows traders to copy specific trade strategies, rather than specific traders. Collective2 best mixed assets strategies Tasty Plays Low subscription fee, small drawdown, robust 12-months performance, a high percentage of winning deals and.0:1 profit/loss ratio these are the factors which made us interested in the Tasty Plays automated trading algorithm on the collective2 platform. After this target is achieved, investors could start thinking about expanding their portfolios of copy trade, aiming to increase potential profits. MixzFXTrader is number one in ZuluRank. FBS CopyTrade platform comes with outstanding user experience to make sure that novice traders are not put off.
Investors should choose traders with the lowest drawdown possible. The long-term (buy-and-hold) trading strategy is what equities investors usually. Leverage Regulation CySEC, MiFID Trade360 Review 4 Min. Forex traders copy the trades of other traders directly into their trading platform. Collective2 focuses more on AutoTrading in major global stock exchanges. Most of the automated trading algorithms are based on scalping as human traders cannot be as fast as computers when it comes to 200 trading decisions to make in one single day, for example. Darwinex Although Darwinex operates on the same basic principle of copy trading, it has tweaked its service a bit to make it more interesting. Its copy trading platform utilizes state of the art technology to offer traders with incredible experience and maximize profits. Thats unbelievable 100 of profitable months. However, if a trader allows his positions to dive deep under the water, hoping that the market will reverse and go into the right direction, then the drawdown might put investors account balance in danger of losing a significant. The average number of opened deals per day/week. Octa Forex s platform provides one of the most transparent social trading services that not only present veteran traders with opportunities to maximize their profits, but also enables novice traders to significantly benefit from the expertise of OctaForexs most successful investors. InstaForex Founded back in 2007 by the Insta Trade Corporation, InstaForex has consistently proved to be credible and worthwhile.
If you have multiple trading strategies that help you make more profits, you are allowed to create an account for each of them, keeping in mind that the accounts will be ranked separately. Statistics tell that the most profitable period of Bitcoin Related trading strategy was noticed in the period of a crypto rush when coin prices flew sky high. Therefore, investors should be ready to risk if they want to get a triple-digit yearly return. If investors see that average position is usually held for less than one day, then the trader is keen on scalping or short-term trading. Their copy trading platform, The ForexCopy, enables budding traders using their services to replicate the success of the more experienced traders. These include commission per profitable model, commission per lots traded and commission per subscription day. Drawdown is moderate in relation to profits from closed positions; the only concerning period was noticed in September 2018 when the daily drawdown overshadowed forex copy trading platform total daily profit (red arrow on the screenshot below). There are a lot of forex brokers that offer copy trading platforms. The platform shows Jurais 12-months return.67, but that result was made in 4 months only. So, investors will need to make several additional clicks and study the trading history to understand the level of possible damage for every lousy day in the past.
Although the annualised ROI is comparatively low, the maximum drawdown is also at the lowest level in our list, which correspondents to our requirement of low-risk strategy. Master accounts are analyzed and their trading history laid bare for the consumption of those who wish to invest in them. Visit Broker, min Deposit: 1, spread: Fixed Spread From 3 Pips. Whats impressive is that the traders deals are 100 accurate in the first quarter of 2019. They capitalize on high-end software to make it easy for traders to track and copy the performance of top investors. If you are new to Forex Trading, Copy trading will set you on the right path to success even without gaining the necessary skills and experience. Second, pick an automated trading strategy, which is an algorithm or software but developed and managed by a human trader though. Monthly profits are stable, losses are limited, while the number of winning deals is high. Regulation: NFA, FCA, CySec, visit Broker, related Articles: eToro is arguably one of the best trading platforms in the forex market. Even.2:1 is good, while 2:1 (or higher) ratio would be perfect. In our ranking of the best Social, trading networks you can find the best companies of this main category, although they may differ a lot between them for types of services offered.
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Before we dwell into the analysis, we need to have a quick look at those platforms to understand apparent differences. See our best forex brokers ranking) Here are our top 10 best forex adc CFDs Copy Trading Platform 2019. Deposit Trading Platform Max. Another disadvantage is that the percentage of winning deals is lower than the average, but the nature of crypto asset class explains that. The inclusion of a trader/signals provider/ trading algorithm in the best to copy list should not be seen as an endorsement of this trader. The forex copy trading is a progressive trend in online trading that enables any beginner to get access to the financial market and start making profit. The trader targets 1 of net profit per month, providing low-risk stable performance. The subscription fee is quite high compared to other algorithms. (Want to take a look instead at some classic forex brokers?
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Its difficult to analyse all of the markets at the same time, trying to be an expert in different sectors. Thus, he is not twitching from one currency pair to another, trying to catch all waves, but he keeps the general line of trading decisions. The main statistics page does not indicate the Profit/Risk Ratio (also called Win-to-Loss Ratio and it could only be calculated for every asset separately. The portfolio includes currencies (65.50) and commodities (34.27). Such a high level of target suggests an aggressive trading style and comparatively deep drawdowns. To start you off, test each of the above-listed copy trading platforms and choose one that best suits your needs. Petas11 managed to trade in the cash for the last six months in a row, which is quite impressive given the markets conditions within the period. Average profit/loss ratio is more than 1:1, while the number of profitable deals is reaching two thirds.
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The rest of the trading decision was made accurately (86.2 while the only losing month on record was noticed in January 2019. Deposit 110 From 25 To 40 Trading Platform Proprietary platform Max. EToro best forex traders to copy eToro is a broker with own social trading platform thus theres no choice of alternative supported brokers to trade with. The maximum number of open traders is limited to 25, while the average pips gain.9. Thus, some monthly results might be harmful. Never invest money you cannot afford to lose and always consult an independent financial advisor if youre not sure whether this type of investing is for you.
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Their activities can be monitored live and easily compared with others to enable new traders to choose wisely and quickly. Several parameters are even worse. Advertiser Disclosure, affiliate Disclosure m adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Leverage: 3000:1, regulation: CySEC, ifsc 50 No-Deposit Bonus, 100 Deposit Bonus, Lucky T-shirt, iPhone 6s Plus. Copy trading is one of the ways to make profits in the financial markets. EToro Forex trader petas11 Luis Carlos Azevedo Ferreira ( petas11 ) is eToros Rising Star Popular Investor as the number of his copiers grows continuously, while his AUM range is 300K-1M (the total volume of copy assets under management). However, currency pairs and CFDs for commodities are different, some of them are less volatile (EUR/USD, USD/CHF, Gold) and more predictable, while some are wild (exotic pairs and cross-rates with low trading volume). Simply because, copy, trading specifically is a sub-category of the broader Social. Deposit Trading Platform MetaTrader 4, MetaTrader 5, cTrader, Web-based Max. Deposit, trading, platform, web-based, Other Max. Short-term intraday (scalping) trading strategy suggests a large number of entries in the market as well as a large number of assets in traders portfolio. There are valuable stats on traders you choose to copy plus easy portfolio management to make trading painless.
Sometimes it is called a social trading, a mirror trading and a social investing. The Australian dollar seems to be Bernhards favourite currency as 95 of his trades are focused on the audusd currency pair, which makes him a narrow-niche expert. We at SocialTradingGuru decided to share our thinking process, how we review traders and why we consider them a good option to copy and follow. Every social trading platform shows the bright light of potential profit or ROI, but once investors start seeking their lodestar, they struggle to make doubtless choice. EToro indicates 12-months return while a hypothetic modelling based on 7-months performance points to a potential outcome exceeding 10 per year.