Copy trading is a new trading system introduced in forex trading. So how does copy trading in forex base works?
- It allows new investors to emulate the trade pattern, followed by professional traders, with permission.
- When you (investor) use the copy trading system, you can see the position left by the professional traders in your chart with immediate effect and thus you can execute the trade automatically.
- Thus, the forex trading system enables a trader to follow and copy profitable trading strategies.
- The copy trading system also has an extended list of options to make payments.
- The payment tool is also used by managers as they get a choice of offering a single trader or incorporate a group of traders and formulate a fund for their clients.