Copy trading

Discussion in 'Newbie Questions' started by Abdul Fani, Apr 13, 2017.

  1. Abdul Fani

    Abdul Fani Trader

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    I`ve read contrary opinions about copying signals on Forex. Some people day, it`s a good way too earn, others argue that not all the signals are profitable and if they are, this will be for a limited time.
    So, is it possible to be profitable, copying signals and how to find good ones?
     
  2. darren greg

    darren greg Trader

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    Well I feel copying signals in forex do carry profit potential but it all depends on how clearly you know what you are looking for in the forex signals service. Other important thing to remember while copying signals is emotional management which is a stumbling block for traders. Also it is important to have a trial period for back testing the signals before actually committing your money.
     
  3. renez

    renez Trader

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    If it were that simple, we'd just be able to copy each other's deals... But actually copying can be profitable only for newbies, or for comparing your forecasts.
     
  4. myfxpt

    myfxpt Master Trader

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    What's the argument? If a provider can demonstrate consistency, copy the trades.
     

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