Auto Trade Copier Versus Forex Robots

Auto trade copier vs. forex robots, which one is better? Which one should you choose to maximize profits? What do they even indicate?

To put it just, an auto trade copier is a piece of forex trading software that allows you to straight copy the trading position taken by another trader. It's right there in the name-- trade copier. A forex robot, on the other hand, is a trading program that helps you with the technical analyses and repetitive aspects that come with forex trading. It's also called an FX bot or merely bot'.

Both of these technologies are essential, specifically in the modern world where 90% of forex trading is done by computers and algorithms. In fact, 1 in 3 financiers highly believe that automated trading streamlines the otherwise over-complex conventional forex market approach. Additionally, 1 in 4 traders were seriously considering social trading in 2020.

Because of this shift from traditional to tech-based forex trading, social trading platforms grew by 96% to simply under $50 billion ($ 47bn to be exact) in 2020. That number is predicted to hit $83 billion in 2025 (growth of 48% each year). Long story short, auto trade copiers and forex bots are here to stay, and for good factor.

Are they required?

The forex market is by far the biggest and most liquid monetary market on earth. Let's look at a couple of numbers that highlight simply how big the forex market is:

The international typical daily sell the FX market is well over $6.6 trillion. For contrast, NASDAQ-- which is the greatest stock exchange worldwide-- has a trading volume of around $2.2 billion while the NYSE-- the 2nd largest-- is valued at $2.09 billion.

In spite of its big size, the international forex market is neither becoming sluggish nor slowing down. Some forecasts forecast that it will grow by an average of 6% annually to $10.2 trillion by 2026.

Over 170 currencies are traded on the FX market.

Roughly 10 million individuals trade forex worldwide.

Roughly 41% of forex traders average anywhere from 9 to 20 trades each month.

What the numbers reveal is that the forex market is substantial, challenging, complex, and cutthroat competitive. Unless you're a professional, you definitely can't crunch the numbers to come up with a winning formula.

Besides, the forex market is very unstable. Sure, you can invest weeks and months creating a good trading position. But because of the many, abrupt market relocations, your position can easily and rapidly turn from a winning to a losing one.

The option? Use a forex bot to crunch the numbers for you. In that case, your only task will be figuring out when to enter or exit a position. In fact, some FX bots will go a step further and instantly set entry and exit points for you.

Better yet, you can use an auto trade copier to mirror winning positions of skilled traders. Consider it as forex trading for dummies, but with minimal risk because beginners choose the techniques established by professional and experienced traders. With that said ...

What's an Auto Trade Copier and How Does It Work?

As the name recommends, an auto trade copier permits you to copy the trading positions taken by another trader. To put it simply, it mirrors trading positions for you and puts you in a position where you can make a profit from someone else's skill. You only need to decide the amount you want to invest and after that copy everything that the other trader is doing.

When that trader makes a trade, your account will make a similar sell real-time. If they earn a profit, so do you. The downside is that if they make a loss, you'll also make a loss.

And that's where things end up being a little more interesting. When selecting a trader to copy, you'll wish to go with an experienced investor who earns a profit more times than he/she makes a loss. That way you'll lessen the opportunities of getting in a losing position.

Even better, you can spread out the risk by dividing your total quantity and designating each portion to a various method provider. Let's state you have $1000 to invest. You can select 4 experienced traders and use an auto trade copier to copy their techniques.

If one or two make a loss from their strategies, then it means that the other 3 or 2 will have made a profit. It also means that you will have gotten a winning position from those three or more who earned a profit. That's better than assigning the full amount to one method provider and then losing it all.

There are two points here. First of all, your option of strategy service provider is extremely important. Second of all, it pays to spread threat. Uncertain how to pick method service providers or spread your risk? Use the allmarketstrading social copy trading platform to automatically select the best forex traders on the marketplace.

This software application thoroughly evaluates traders and picks out those whose strategies win more than lose. It then populates a list from which you can follow the best-performing traders and mirror their gaining strategies.

How does a trade copier work?

The very best auto trade copiers offer a forex trading platform (MT4 or MT5) directly to your computer, mobile or tablet. Oftentimes they'll provide you three copy trading options:

Handbook-- you choose which traders to follow and whose methods to copy. This is called social trading.

Semi-automated-- enables you to view all the positions of the trader you have selected. You can then decide which positions to automatically follow and which ones to copy and trade yourself.

Automated-- you choose the traders to follow together with methods that best match your risk profile. After that, subsequent positions and trading are instantly duplicated.

Keep in mind that although auto trade copiers are similar in lots of ways, they also differ in other elements. The allmarketstrading copier, for example, lets you personally choose your investment amount. It likewise provides you the liberty to enter and leave a position at will.

That's what you want in an auto trade copier. Not one that requires you to invest (and thus danger) more money than you want. And you absolutely have no service using a forex trading platform that will stick you with a losing strategy or lock you out of a winning strategy-- i.e., one that doesn't permit you to enter or leave a position.

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