Forex Copier Blog
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24.05.2021

X Mistakes even Experienced Forex Traders make

The art of financial trading becomes easier only after months of struggle and dedication. A trader may have to go through various margin calls and portfolio liquidations before he finally sees some consistency. Even after becoming a professional, the chances of losses are never slim enough, as a single mistake can land the big boys amongst the losers. However, as we discuss here, it is possible to reduce the error margin by learning all the major common trading mistakes beforehand.

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22.05.2021

Books every Forex Trader should Read

Trading books are a source of knowledge for traders of all levels, beginners, amateurs, and professionals. The volumes primarily relate to a particular topic and cover it in detail. These publications are made by various noted participants who have faced significant hurdles within the financial markets yet have come out strong. After combining all their information sincerely and concisely, they now present it to the public. A few of these stand out amongst the others and are recommended by every mentor for their students.

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17.05.2021

Trading Psychology

Trading psychology is one of the most underrated aspects in forex trading, which new traders ignore frequently and thus end up amongst the losers. It is interesting to note that many institutional traders and investors sitting in big investment companies consider trading a combination of 80% psychology, 15% risk management, and 5% strategy/game plan.

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10.05.2021

Quantitative Trading

Quantitative trading refers to the use of algorithms, mathematical approaches, and numbers to find market opportunities. Quants are those market participants who use this type of technique. They are programmers or traders who may specialize in using the fintech industry for coding programs according to the desired strategies. As robots carry out the executions, scalpers or fast traders prefer this type of high-frequency trading. The form of investment was previously limited to institutions and hedge funds; however, with technology and IT development, regular traders can also take advantage of it.

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03.05.2021

Over the Counter Trading

Over-the-counter trading is the act of dealing buy or sell executions of the instrument without using a centralized exchange. It involves transactions through a dealer network with no physical presence, and all the trading is conducted electronically. The dealers are also market makers, where they are responsible for providing quotes. The trades are hidden from other participants along with the prices.

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26.04.2021

How to use an Arbitrage strategy in Forex Trading

Trading strategies are developed to get a definite edge in terms of risk/reward and winning probability. Over time tons of investors have laid out hundreds of game plans that differ in execution methods, monthly gains, drawdown, and complexity. While most fail in delivering results, some have stood the test of time by performing during market crashes and periods of great recessions. Arbitrage strategy is one leading game plan that capitalizes on price quotes amongst brokers for the same instrument.

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19.04.2021

How to trade Seasonal Patterns

The price movements on a chart depict the combined activity of millions of traders. As market participants are humans, any repeating change in human behavior daily, weekly, and monthly leads to seasonal patterns. Within such a period, the instruments behave similarly to other assets. They may also show repetitive behaviors in their price actions. From a trading perspective, traders look out for these moments to get good setups and increase their probability of winning. A perfect entry is possible only after the identification of such trades beforehand. Our article will discuss the crucial factors an investor should look for when trading seasonal patterns.

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12.04.2021

How to Trade in a Recession

A recession is a period where the global economy, or a specific economic activity, faces a period of contraction. This causes turmoil and there are many widespread issues with the markets. There is less spending, fewer jobs, companies going into bankruptcy, etc., due to the loss of confidence in the financial sector. High-interest rates, lack of regulations, poor price controls, and market crashes are also significant reasons behind such disruption.

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05.04.2021

How to trade exotic currency pairs?

Exotic currency pairs have a major economy's currency alongside a weak one, or two poor ones against each other. Some good examples are USD/MXN, EUR/HUF, EUR/TRY, etc. The varying liquidity and volatility related to these pairs require that a trader change their trading approach if shifting from major or minor currencies. Understanding how exotics works can help you tank in a good number of pips, which may not be possible with other pairs. Our article will discuss how exotic currency pairs can be traded in the best possible way to avoid unnecessary drawdowns.

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29.03.2021

Drawdown Trading

Drawdown in trading refers to the amount of risk exposure your account faces. As you open up a position on any financial instrument, your trade will not hit the desired profit in one go; instead, it will face some ups and downs from the initial entry point. The executions moving against your position alert the performance statistic to note the initial equity depreciation. While it may seem absurd, some traders use this type of trading with a high risk as their primary strategy. An example is where an investor with $10,000 in his balance opens a long position on GBP/USD at 1.13000. He does not have a stop loss and would welcome any downside to getting to his profit of 50 pips, i.e., 1.13500.

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15.03.2021

Best tools for Keeping a Trading Journal

A trading journal is a diary where a trader keeps all the records of his positions, mistakes, and future goals. By keeping a note of the essentials, it is possible to remember all the errors and avoid them in further trading. The continual process will result in increasing your trading consistency over time. Previously market participants used to write everything down on a piece of paper, but with the development in the fintech sector, automatic journals have been developed which note down your positions from the platform in robot mode. All the top traders and institutions recommend keeping a good record of all your trades.

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08.03.2021

Best Exotics to Trade

The world of currency trading offers three different forms of pairs to traders, i.e., major, minor, and exotic. Major pairs combine the US dollar with other vital currencies such as the Euro, the Great British pound, Japanese yen, etc. These are the most widely traded currencies, because they have the best liquidity to offer. On the other hand, minor pairs have less volume as they include cross currency pairs, e.g., EUR/JPY, CAD/CHF, etc.

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01.03.2021

Asymmetric Trading

In the financial industry, you may have heard about swing, position, day trading, etc. However, there is another class in which we classify the big tree that is called Asymmetric trading.

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22.02.2021

Advanced Ways to Enter a Trade

Trading the financial markets involves the implementation of a proper strategy with a proven outcome. Any good game plan includes a hard-to-understand yet straightforward procedure to enter a position. It may be complex, but a little hard work pays off in terms of consistency and gains. Traders can use technical indicators and fundamentals to aid in their entry. Some investors become so skilled at using advanced methods that they experience no drawdown whatsoever.

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15.02.2021

How Do You Turn Around Losses In Forex?

In the financial markets where the banks, hedge funds, governments, and forex brokers play a significant role in manipulating the prices, a novice or an amateur trader is always left behind. Even if a beginner understands the prospects mentioned above, he is eaten up by the big traders when it comes to trading psychology, risk management, and strategy. As a result, most of the executions on the MT4/MT5® platform turn into losers. Losing trades turn create the failed traders who contribute to the 90 percent failure rate in the markets.

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08.02.2021

What is Stop Loss and Take Profit, and why may you need it?

A stop-loss can be termed as an advance order that limits the amount of loss that may incur from your forex trade. It is an excellent option that can save your account from margin calls, puts discipline in your trading, and helps with your trading psychology. For any trade opened on your trading account, a stop loss or SL can be set manually via MT4/MT5®, or it can be a mental stop loss (one that is in your mind). Depending on your position size, increasing or decreasing the value of SL will change the amount of risk on the account.

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01.02.2021

What is Price Adjustment, and why you may need it?

In forex, the price tells you the exchange rate of a currency, or its worth, compared with its counterpart. In a trading chart and MT4/MT5®, it is displayed on the right side in the shape of a bid/ask spread. The bid is the price at which you wish to buy a currency, whereas ask or offer is the rate at which a person wishes to sell the same.

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25.01.2021

Managing risks in copy trading

Incorrect assessment of the psychological and technical risks are the main reasons for capital losses in the process of forex copy trade transactions. We offer several recommendations on how to deal with this problem.

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18.01.2021

What is Lot Size and Risk Management, and Why May You Need it?

The 90 percent dropout rate in the forex industry is mainly because traders cannot manage their lots and risks correctly. With more forex traders gearing up to get rich overnight, they overlook risk management, resulting in blowing accounts worth millions of dollars. Using the proper lot size, along with risk management, will help you become profitable in no time.

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11.01.2021

What are Filtering Orders, and why would you need them?

Any newbie or beginner in trading undermines the necessity of having good knowledge about orders, as most novice traders put more executions on their platform, which turns out to be deadly as it puts pressure on their account.

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04.01.2021

What is Emergency Stop, and why you may need it?

Stop losses are a vital component of trading, which ensures that your account stays healthy. It is one of the important elements of strict management, which is taught by top financial institutions. Proprietary firms out there are now making it compulsory for any incoming trader to have a trading strategy that utilizes a proper stop loss.

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01.11.2019

Forex Copier 3 Is Here! 10 features you will definitely like

Great news: Forex Trade Copier 3 is already available for download! The new version successfully combines the advantages of the previous one and a big number of completely new features. Here are 10 features of Forex Copier 3 we are proud of: ...

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16.09.2014

Forex Copier 2 Is Here: Enjoy New Great Possibilities

We are pleased to announce that we released the new version of our account copier - Forex Copier 2! This tool has all useful features of our previous versions, has many new features and more user-friendly interface. In this new version you can add new accounts into copying scheme, change Copier settings...

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03.12.2013

Earn and learn with Forex Copier

Every trader in the world has heard this expression tens or even hundreds of times. And it doesn’t matter whether you are a novice or a sophisticated one. Everybody knows it and almost nobody uses it. People always complicate things. Have you ever noticed that? In every area of your life when you need a solution for the problem you are always trying to find the most difficult one.

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