Believe it or not, it is not as easy as it sounds and it does take some strategy. Assuming of course you have chosen a good platform. For more information on individual platforms we suggest you check out the reviews. There are dozens of available platforms, many of them little more than gimmicks to attract traders.

One platform we can recommend is Signal Hive which was voted best binary options signals provider for , and Copy trading is just like any other kind of trading; you have to spread your risk around. Blindly copying is not the way to go. For this reason alone it is a smart idea to follow more than one trader but there is still risk in that.

This way you are diversified in two ways;. When looking for a trader to follow build a list of possibilities for each asset. If you were the coach of a football team you would want to have a first string and second string right?

The same idea applies here. When this happens its time to rotate them out of your portfolio and rotate in a fresh trader. When choosing assets try to avoid unwanted correlations. Correlations are when two assets are affected by the same catalysts. It is impossible to avoid all correlations, the market is intricately entwined, but you can avoid obvious ones. The reason is simple; it defeats the purpose of diversification.

My suggestion is for a copy portfolio to look something like this;. Please create and enter your password. It may consist of any letters, digits and symbols. Length can be from 6 to 20 characters. Copying of binary options trades is an automatic receiving of signals by the trader from successful professionals and opening positions on them. It would seem that it is just enough to find a successful trader and to repeat his actions or take the least successful trader and open opposite positions.

In practice, the strategy of social trading carries no less risk than the trust PAMM management. How copying of trades works, what are its pitfalls and how to minimize the risk, read on.

It may seem that the trades of successful traders is the simple way to profitable trading. The main thing — to choose the right trader.

But in practice, this strategy is no less difficult to implement than technical analysis or advisors. Copying of trades is possible in two ways:. Zulu Trade works as follows. The subscriber goes through free registration for the service, opens an account with a broker from the list, replenishes the deposit. The social trading market is represented by hundreds of traders.

When creating your own portfolio, you can select open mode position, to limit the risks, etc. you can choose one or several traders. The service offered by the broker, represents an opportunity to copy the trades from their analysts or traders.

Trader, in case of connecting the subscriber, receives a commission for each transaction or a percentage of his profits. The brokerage company earns on the spread, the subscriber — on a good trade. Brokers offering services of auto-copying of deals:. This tool could be called ideal for beginners and lazy ones, if it were not serious pitfalls:. A few tips on how to obtain reliable recommendations for market entry:.

Social trading is a good tool in the hands of a professional who knows how to analyze the market. Novice traders are poorly versed in the problems of duplication of positions, because often make mistakes. Tips for beginners:. The website Investlb. com will help you to understand the intricacies of exchange and OTC market — ask questions in the comments after the article!

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Signal providers use their own strategies, and will operate manually or automatically with their respective indicators and configurations.

Their trades will be copied and pasted into your account automatically, while you have a coffee, sleep or work. In this tab, you will find all the public signal providers you can choose o receive signals in your account. This list was designed in such a way that all the necessary and useful information of each provider is available to potential subscribers.

Before subscribing to a signal provider, it is recommended to do a search in order to find your ideal provider. We provide you the following tools that will allow you to analyze each signal provider, as well as filters to search through different fully adjustable parameters. To enter the history you must select the provider and press the button 12 see the image above for reference.

You will be able to filter the list based on different configurable parameters of interest, in order to display in the list only the providers that fulfill your requirements. To open the filters, you must click on button In case a signal provider generates you interest, you can contact him through the chat and ask for more information about his service.

To open the chat, we select the desired provider and we click the button To start receiving signals within the CopyTrading service you should subscribe to a signal provider. Once you do this, the Subscriber Account window will open, where you will have the option to Log in to your account or create one.

Once you sign in to your Subscriber account, you should send the subscription request to the provider s you choose. Once you have sent the request to the Provider, a window where you can configure the trade amounts and Martingale strategy will open. To learn everything about the Martingale Strategy, click here. The last step will be to get your subscriber account approved by the signal provider you have sent a subscription petition to.

In case the signals the provider offers are free of charge, you will get automatically approved and start receiving signals on your account. In case the provider charges profit-share commission, he will need to approve the petition personally. In this tab you will be able to see all your current signal subscriptions.

In case you are subscribed to chargeable signals, profit share commissions to signal providers must be payed at end of each month in order to keep receiving signals from any provider on our CopyTrading Service. Your subscribers can choose the amounts of each operation, and also override your Martingale strategy.

The first step will be to create a Provider account, or Log in if you already have one. In case you have an account, you should only login with your data. If you do not have one, you must create it by filling in the following fields:. In these fields you must enter your name as a provider, your personal password and email address with which you will log-in. We recommend you to choose a name that is easily identifiable, a password strong enough and a valid email address, since you will need to confirm your registration with a code that will be sent to it.

This payment is understood as the services provided by MT2Trading Platform so that the CopyTrading Service works correctly. Once your Provider profile is made public and available in the list of Public Providers, users of the platform can begin to request to subscribe to your signals. Those who submit the approval request will be added to the list and will display a red question mark on its icon. It is your decision to accept or reject the requests.

This list will show all active subscribers, along with users who have requested a subscription to their service. Here is the list with an explanation of each functionality:. Please wait while we are fetching your invoice details. What is the CopyTrading feature? In just three simple steps you can start enjoying the full spectrum of the CopyTrading service: You send a subscription request to the signal provider you choose. You wait for the approval of your subscription request by the provider.

Welcome to the CopyTrading feature. To access this section, you need to click on the following button located in the top bar:. Public signal providers list In this tab, you will find all the public signal providers you can choose o receive signals in your account. Provider: The signal provider name. Drawdown: Percentage difference between the account balance highest peak and current state. Win rate: Percentage of won trades over total trades. Trades: Number of trades opened since registration as signal provider.

Days: Number of days operating since registration as signal provider. Last trade: Date and time of last trade made by the provider. Profit share: Percentage of commission on profits charged by the provider. Description: A brief description of the signal provider. Update the status of subscribers: This button allows you to update the list of signal providers.

Useful in case there are no providers in the list. Provider filter: This function will allow you to filter the list of signal providers from certain fully adjustable parameters. We will only show those of your interest.

Search: With this button you will be able to search for a specific signal provider name. Subscribe: This button allows us to subscribe to a signal provider.

Provider history: By clicking on this button you will be able to see all the operations history of the provider from the day of registration. Chat: Clicking on this button will open the chat to communicate with the signal provider. Which signal provider to choose? Provider Filter. You can filter and select the providers according to the following criterias: Gain: Indicates the percentage growth of the initial capital of the provider since he began sending signals. Winrate: Success rate on the total of shared trades.

Trades: Number of trades opened by the provider. Days: Days since the provider first started sharing signals. Chat with provider. Subscribe to a signal provider To start receiving signals within the CopyTrading service you should subscribe to a signal provider. In case the video is not enough, here you have a step-by-step guide with details and images:.

If you already have a Subscriber account, you only have to enter your log-in data If you do not have a Subscriber account yet, you must fill in the four fields. Trade amount: With this parameter you can decide the amount of each operation that will be placed in your account, coming from the signals of your Provider. Once enabled, configure the Martingale strategy as you desire. In case you want to leave the Martingale strategy as your Supplier, you should not enable this option.

Receive Signals In this tab you will be able to see all your current signal subscriptions. Subscriber status update: pressing this button will update the status of your subscriptions to the current time. Filter: This function will allow you to filter the list of your signal providers from fully adjustable parameters.

To receive signals again you simply click the button again, which now looks like this: Unsubscribe: If you want to unsubscribe from a signal provider, simply click this button. The format is identical to the complete history of a provider. Chat: In case you want to contact the provider, you can do it through the Chat. Subscriber account: From here you can log in to your Subscriber account, or create one if you do not have one yet.

It may increase or decrease towards the end of the month. Invoice: Once the calendar month ends, the pending commissions will be invoiced to your subscriber account, and you will need to make the correspondent payment in a 7 seven days period.

In case you fail to pay, your subscriber account will be automatically blocked. Profit share commissions In case you are subscribed to chargeable signals, profit share commissions to signal providers must be payed at end of each month in order to keep receiving signals from any provider on our CopyTrading Service. Profit-share invoice payments works as follows: On the first day of each month, the profit-share will be invoiced to the subscribers.

In order to complete the payment, the subscriber will need to click on the button which will open a window with the payment options. In case the payment is not received after 7 seven days, the subscriber account will get automatically blocked and wont be able to subscribe to any other signal provider.

How to become a signal provider? Share signals. You have two options: Charge a percentage in commissions on the profits of your clients, at the end of each calendar month, automatically. Provide free signals. Becoming a signal provider is very easy! Just follow the steps below and you will be sharing your signals in a matter of minutes:. Once you click on the button, you will find the following window:. General configuration Public: If you check this box, your signals will be public and therefore will be available to all MT2Trading users.

Accept new requests automatically: If you check this box, all subscription requests will be accepted automatically. Information for subscribers: A brief explanatory description of the signal service offered, which will appear on your Provider profile in the Public List of signal providers.

Profit share Free: Check this box if you want to share signals at no cost to subscribers and no commissions for you. Chargeable: Check this box if you want to charge commissions on the profits of your subscribers, at the end of each calendar month. Shared signals All signals: If you check this box, your CopyTrading service will share all the signals you have operating on your MetaTrader platform. Only signals: This option allows you to specifically choose the signals you want to share to your subscribers.

How to manage the signal provider account Once your Provider profile is made public and available in the list of Public Providers, users of the platform can begin to request to subscribe to your signals. Provider account: If you click on this button, you can login to your provider account or create a new one.

Your subscribers can choose the amounts of each operation, and also override your Martingale strategy. Commodity markets. Invoice payment ×. Of course it is good to be able to learn to trade for yourself and we cover some good options for that, but still trading is not an easy game and has a steep learning curve, so we find it much easier to just copy the trades of already successful traders or to make use of good trading software. You can find this feature in the right panel on the trading platform. One platform we can recommend is Signal Hive which was voted best binary options signals provider for , and Please create and enter your password.

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