Post
Topic
Board Trading Discussion
Re: Automated Copy trading
by
Zigabel
on 06/11/2024, 16:07:32 UTC
Hello everyone.
I have a question that has surely been discussed several times in this forum. For automated Copy trading which is the most recommended platform? Which are the best reliable Traders to copy and in which Exchanges are they located? Maybe there are some tables about it? Are there sites that list the best current traders? Many thanks.
I wouldn't want to recommend a platform now as I understand that I could and it may not turn out well and you may blame it on the me or probably the forum because you would say you got the advice off this forum but quickly you can scout some platforms and I will give you few tips to finding some one to copy their trades, my tips may not be binding but will most definitely help you, before you copy any person, make sure their realize PnL isn't looking too good to be true, depending on the time frame, if it's monthly, quarterly or yearly, just make sure it's something realistic and you can work with, secondly check their losses in between if your account can be able to survive bad days , you can get this via their cumulative for the week of the month then pick an average to be able to have an idea of possible scenario. Check for commissions for the platform and the trader so you don't give a greater part of your profits to their commissions.