Copy trading is a system in the Forex market that allows users to copy positions that are started and managed by Expert Traders. You choose the amount you want to invest and just copy whatever they do in real-time. Additionally, it implies that you maintain full control over the result. The technicalities of ‘Copy Trading’ are not that complicated. There are two entities involved in copy trading; the Master (Expert) and the follower (The trader who copies the trade)
At YaMarkets, we offer our traders an exceptional copy trading app that allows them to copy the trades of more experienced traders after reviewing their performance and statistics. Our copy trading app is user-friendly and easy to use, making it accessible to traders of all levels of experience. We understand that not everyone has the time or expertise to navigate the complex world of trading. That’s why we’ve created a copy trading platform that enables our clients to benefit from the expertise of seasoned traders without requiring any specific knowledge or experience. YaMarkets’ trading platform makes it easy for novice investors to take advantage of the trading strategies of experienced traders. By simply selecting a trader to follow, clients can automatically replicate their trades in their own accounts. This means that they can take positions in the market without having to conduct in-depth analysis or make complex trading decisions. Our platform also provides clients with access to the performance statistics of each trader, so they can make informed decisions about who to follow. This level of transparency enables clients to manage their investments with confidence and helps to build trust in the copy trading process.
We are committed to providing our clients with a safe and secure trading environment. We use state-of-the-art security measures, including SSL encryption and two-factor authentication, to protect clients’ sensitive information and funds. We are regulated by the Financial Service Commission of Mauritius, ensuring that we adhere to strict regulatory standards. Our copy trading platform offers a variety of risk management tools that help traders control their exposure to the markets. For example, traders can set stop-loss and take-profit orders to limit their losses or lock in profits, respectively. Traders can also customize their risk settings to align with their risk tolerance and investment goals. One of the important aspects of Yamarkets trading platform allows diversification traders can diversify their portfolios by following multiple traders with different trading strategies. This diversification can help traders reduce their risk exposure and improve their overall performance. Our copy trading platform offers traders a high degree of flexibility allowing traders to choose to copy other traders’ trades automatically or manually, and they can customize their copy trading settings to suit their individual preferences and needs.
Our copy trading platform is transparent, with clear information about the performance of other traders available to all users. Traders can view detailed statistics and analysis of other traders’ performance, enabling them to make informed decisions about who to copy.
Now let us see the steps involved in copy trading using the Yamarkets trading platform.
- Visit the YaMarkets website at https://www.yamarkets.com/
- Click on Register
- Fill out the registration form
- Choose your account type
- Verify your identity
- Login to the MT5 Trading app
- Fund Your Trading account
- Under my Investment choose the master to copy from
- When choosing a master trader, it is entirely up to you to consider the factors like popularity, success, and the level of risk.
- Followers can choose their investment amount and how they want to distribute it among the several managers.
- Followers can copy more than one expert and decide how much to dedicate to each one so that they can maintain balance.
- Following that, all of the positions of the chosen trader will be instantly copied into your trading account using YaMarkets’ copy trading platform.
- If you enjoy the trader’s performance, you can add more funds. Alternatively, if you are cynical you can limit the amount you want to invest in a single trader or reduce your exposure to them and maintain portfolio diversification.
- By copying the trading strategies of a seasoned trader, you can make money by doing the same. The investor/follower (you) then copies that trader automatically without any manual intervention as the expert trader initiates or closes a trade. With the trader you copied, you may make money or lose money.
- Although copy-trading is an original idea that might benefit followers financially, there are still certain things to watch out for