IronFX has copy trading and trading, and the article summarizes the trading methods and benefits for traders. Copy trading is one of the account types, but it is clearly different from other account types. Other account types are introduced in the article below, so if you are interested, please take a look.
What is copy trading?
Copy trading refers to copying the trades of experienced traders. You link a skilled trader’s trading account with your own trading account, conduct trades, and imitate everything from entry to settlement. The copy trading information provided has the following service features: Basically, the trading platform for products is MT4 with the minimum amount. Copying will be done live and you will also receive offers such as campaigns.
Recommended for beginners
Copy trading is recommended for beginners. It is generally said that it takes a beginner three years to become successful. For beginners who have difficulty winning, if they can copy experienced traders, even those with no knowledge can easily win. If you make a large profit from participating in financial product trading, you will need to pay taxes and file a tax return. In general, even newcomers can easily win, but it is attractive and an opportunity because you can automatically follow traders around the world from the website. There is no margin call, so you can trade large amounts. Let’s consider it.
You can learn trading
By linking the account of an experienced trader, beginner traders can see the entry and exit timing of the experienced trader in real time. This allows you to study trading itself. Although iron has a VPS environment, we do not recommend automated trading (EA) as it has many disadvantages and does not allow you to learn. If you have little capital or assets, start with discretion. With the system, you can choose signals and fight. Be sure to learn the contents of the program before using the tool.
You can trade while working
Speaking of traders, they cannot trade while working. However, by copying experienced traders, beginner traders who are followers can trade on your behalf while working, so it is recommended for busy people. In addition, the company holds events, a wide variety of campaigns and contests, and if you win, you can receive a prize. However, be careful as it is greatly affected by economic indicators. The company’s support is also good, so it is recommended.
It doesn’t necessarily mean you can win
Even if you copy experienced traders, you will not win 100%. Even if you copy experienced traders, you may lose, and in some cases you may lose all your money. It is not a system to guarantee a win. When starting trading, you should look at the relationship between the method, number of positions held, lot size, etc. and decide whether to copy them. The key to success is whether you can follow reliably according to the market.
How IronFX copy trading works
The copy trade mechanism in IronFX is as follows. The target account is basically 100% leverage rather than 1000x. As you can see when you access and place an order, there are two types: You can now copy currency pairs, futures CFDs, index prices, etc. 24 hours a day. Some residents (Syria, Sudan, the United States, North Korea, Cuba) have a group ban and cannot participate. The reward you receive is the amount minus the commission.
strategy provider
A strategy provider is a professional trader who can continue to make profits through his own trades. By collecting followers, you can earn commission from the profits. The maximum profit will be 40%. I use my own functions to fight in various ways, such as scalping and Ryoken. Some people only use US dollars, and some only use euros.
followers
A follower is a trader who follows (copies) a strategy provider’s trades. The follower will be a bilateral trade settlement format, and the follower’s account type must be the same as the strategy provider’s account type. Copy trading accounts include: A regular copy trading account has a leverage of 500x, but a professional account has a leverage of 250x and is an STP/ECN account, so the spread is narrower.
| Max Leverage | Detail | |
| Copy Trade | 500 | – |
| Copy Pro Trade | 250 | Raw Spread STP/ECN |
How to start copy trading
To start copy trading, you must first open an account. Please refer to the following article to open an account. It is ideal to follow a specific provider that has excellent results over the long term. In addition to MetaTrader, there is also a web trader app, and the server is stable, so it is recommended. Partners will earn money using funds such as stocks and FX currency pairs. There is a possibility of economic indicators in the market, so be sure to check the news and other details. By the way, you can hold multiple positions, but there is a risk of losing funds.
Next, log in to your account.
Source : https://www.ironfx.com/
Choose whether to become a strategy provider or a follower and fill out the required information. If you are a follower, register by setting your account type, base currency, and leverage.
Source : https://www.ironfx.com/
For strategy providers, additionally set a nickname.
Source : https://www.ironfx.com/
Registration is now complete. If you are a follower, you can select a strategy provider by clicking on “Provider List” after registration. Once you have decided on the provider you want to follow, deposit the margin to IronFX. Once the deposit is complete, copy trading will start automatically.
Source : https://www.ironfx.com/
Source : https://www.ironfx.com/
When choosing a strategy provider, we recommend that you decide based on trading performance. The following points are important. When following a new trader, be prepared to make a profit. Please understand that there are risks involved. If you make a profit, you can withdraw your money. It is a good idea to follow many investors on a fixed basis. Analyze suitable traders from the official site and check the details from the app. We have a considerable number of traders. Take advantage of generous bonuses.
risk return ratio
Risk-return ratio is the ratio of expected return to risk. The higher this number, the greater the return relative to the risk, and is an indicator of being a good trader.
return volatility
The higher the return volatility value, the higher the profit or loss.
sharpe ratio
It is an indicator that shows whether the return on a trader’s investment is high.
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