CopyTrade for Investors: a handbook for success
The Forex market is one of the most dynamic and competitive markets. By its initial nature it is a system that develops rapidly and is very sensitive to all kinds of challenges and changes in the world. The market follows trends, and the market creates trends itself. Facing the new era of social globalization, social trading came to power.
CopyTrade app is a new word in investing and trading, representing the social trading as the developing and popular trend. This is an efficient and easy way to create a passive income: you, as Investor, deposit your funds and copy the orders of the professional Traders. Basically, use your money and get profit, while someone else is trading for you.
FBS CopyTrade platform was highly requested in the community. The app is aimed to become a convenient and easy-to-use platform for Investors and Traders to interact and get benefits from their cooperation. The app quickly became a blast and proved its necessity for the clients: it has more than 1 000 000 downloads in AppStore and Google Play and was recognized with the CFI’s “Best Copy Trading Application 2018 Global” award.
The main advantage of CopyTrade is that Investors can enter the market world without having any thorough and specific financial knowledge. The platform allows Investors to have an additional passive income source: the investments are working for their owners anywhere and anytime, with just several clicks on the phone screen. It’s not only a social trading app – it’s a mobile social trading app, which helps Investors to stay active wherever they are. Investors can choose from over 100 payment systems and operate with the one that is most comfortable and convenient for them. In a couple of clicks Investors become a part of a professional community of market professionals, that can be found by their side 24/7.
How to enter the market with CopyTrade
Investors don’t need any specific things to be able to join CopyTrade: the app can be found in AppStore or Google Play. All the Investor needs to do is download the app to their device and start their market journey.
The schematic of the CopyTrade’s work is easy: Traders show their market performance and Investors copy their orders for a particular commission set by the Traders. Find FBS easy step-by-step video guide to registration and copying below:
Lifehacks for Investor: choose your Traders wisely
Basically, all an Investor needs to do to enter the world of social trading and start earning effortlessly on Forex, is to choose Traders to copy, and choose them wisely. The list of Traders provides Investors with all the necessary information quite enough to make a smart decision – but the tricky question is to read the information right.
Here are several most common and essential things Investors need to bear in mind when choosing a Trader to copy.
What is Return Rate?
Return Rate is a complex indicator of the Trader’s return for a particular period of time. To put it simple, the app calculates the relation of Trader’s profit to their deposit. Whenever a Trader makes a new deposit, the Return Rate is fixed and is calculated further according to the new account balance. Investors can see the Return Rates of Traders for 1 week, 1month, 3 months, 6 months and 12 months’ time.
The higher is the Trader’s Return Rate, the better it is for Investor – it means, there are more chances to profit when copying the orders of this Trader.
What do green and red arrows next to the Return Rate mean? Why are they up and down?
Right next to the Return Rate you can see the arrow. It can be red or green and go up or down. This arrow is an indicator of Return Rate’s change. It is calculated according to the data of the current day and two days before it. The direction of the arrow indicates the dynamic of Return Rate. The arrows can help you to choose the Trader in particular moment of time, because the arrow’s direction shows whether the Return Rate is increasing or decreasing at the moment.
- The dynamic indicator is calculated for the period of the last three days. So, when taking the arrow direction into account, have a look at the optimal Return Rate of 1 month.
- If the Return Rate for 1 month is high enough, but the arrow is pointed down, it’s not the reason to panic. It means Trader had less successful deals for the past three days – but was successful for the past month in total
What is the commission?
Investors pay Traders a certain amount from the profit. The commission is the percentage of the profit that the Trader requests as the payment. Traders can choose their own amount of commission.
What is Life Time?
Life Time is the whole time the Trader’s account existed. The bigger is the Life Time – the more time the account of this Trader is existing on the market.
Should I only choose one Trader to copy?
Not necessary. A good Investor knows – never store all your eggs in one basket. Investors can choose more than one Trader to copy, as long as their funds allow them to do so. More successful Traders, who face the requirements of Investor – more profit after all!
What would be a good initial deposit?
In CopyTrade app Investors can start with $1 deposit. But there’s a very important thing that needs to be taken into account when deciding on the initial deposit. The profit depends on coefficient. It is calculated as the Investor’s funds divided by Trader’s funds. Investors can always add funds to deposit – in this case the coefficient will be recalculated.
There’s no particular recommendation on what sum to start with. Keep the factors in mind and choose the optimal deposit to profit more!
Profit with the help of pros!
CopyTrade app allows Investors to easily enter the market even without particular financial knowledge – and still profit! With the help of professional Traders, it is a good way to manage the investments and establish an effective passive income source.
You still don’t have our app? Download CopyTrade for iPhone and Android now, join the network of Forex professionals and earn effortlessly!