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Copy Trading: beginner’s entry-point into Forex and CFD

ZERO MARKETS | 2023-10-31 11:02

Abstract:In essence, Copy Trading entails duplicating the actions of successful traders. By leveraging the expertise of others, particularly for novice traders, this approach provides a sense of security and enables confident trading. Copy trading expedites market participation by mirroring trades in real-time made by top traders.

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What is Copy Trading?

In essence, Copy Trading entails duplicating the actions of successful traders. By leveraging the expertise of others, particularly for novice traders, this approach provides a sense of security and enables confident trading. Copy trading expedites market participation by mirroring trades in real-time made by top traders.

This grants you access to their profound strategies and enhances your profit-making potential. Both beginner traders, who can benefit from being copiers, and experienced traders, who can compile their strategies for additional gains as signal providers, frequently employ this technique.

How can I get started without prior CFD trading experience?

You can start to copy straight away even if you are a beginner and do not have any trading experience. Or, if you prefer, you can take some time watching other investors before deciding to imitate what they do. Copy trading generally requires less forethought or effort than trading on your own. You can be a copier if you are a beginner or don‘t have time to follow the markets. Copy Trading allows you to learn from others’ successes and start trading quickly without needing a mass of research and trading experience, or even knowing a lot about the financial markets.

Why Copy Trade with Zero Markets as a copier?

• Beginner friendly

• Expert knowledge support (watch and learn)

• Start with only $100 USD or equivalent deposit (passive investment strategy)

• Full control of personal funds and transparent reporting (no hidden fees)

• Find and copy successful traders by following their methods.

How to get started as a Copy Trader with ZERO Markets?

Copy Trading starts with a MT4 or MT5 account. If you are new to ZERO Markets, first you have to open an account with us and make a deposit of at least USD $100 or equivalent. Once you have your MT4 or MT5 trader account with us, you can apply for a Copy Trading Service account through your Client Portal, alternatively, you can contact our support team to express your interest in being a copier or a signal provider by mentioning your MT4/5 account number to get started.

From thereon, you can log in to the Copy Trading Portal via the link provided by our support team. Once you‘re in, head over to the “Ratings” section, where you’ll find a list of successful traders who have a proven track record of making profitable moves. Now comes the exciting part – choose the trader you‘d like to follow and click the “Invest” button. You’ll then be prompted to create a new subscription. The beauty of copy trading lies in its simplicity. Once your subscription is set up, you can sit back and relax while your investments automatically mirror the chosen trader‘s positions in real-time and in direct proportion. It’s a hands-off way to potentially boost your investment portfolio, and it all starts with just a few clicks.

Lastly, how risky is Copy Trading?

You can gain high profits from copy trading if you find a successful trader to copy. However, there are inherent risks that exist, and even if past performance has been lucrative, there is no guarantee that you will always make money in future trades. Have more questions?

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Forex Analysis

Related broker

Regulated
ZERO MARKETS
Company name:ZERO Markets LLC
Score
6.37
Website:https://www.zeromarkets.com/
5-10 years | Regulated in New Zealand | Regulated in Australia | Market Maker (MM)
Score
6.37

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TradeEU is a Cyprus-based CFD broker that launched around 2021 and offers more than 250 instruments across forex, stocks, indices, commodities, and crypto. The Article is about to give a comprehensive review of this broker.

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As one of the most liquid and widely traded markets globally, the forex market offers traders immense earning opportunities. However, currency trading can present risks too because you may trade leveraged positions, potentially resulting in significant losses should things go wrong. Backtesting forex trading strategies before investing in a strategy is crucial. Should you fail to test it, you may end up risking time and capital on a strategy that doesn’t hold an edge. In this article, we will discuss backtesting a forex trading strategy. Read on!

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