![]() This is also known as copy trading and hundreds of thousands of people use this every day. But the truth is, a trade copier is just delivering trades. Why people use Trade Copiers in Forexįirst of all, many people confuse trade copier software with a trading signal service which operates using a trade copier.Ī trade copier will never make you money on its own and it will never trade Forex for you without a trading manager or Forex EA running on the other end.Ī trade copier is a software that will copy the trades between trading accounts and when a trading signal service uses the trade copier to deliver its trades to the customers’, people started to think that it’s a trade copier who makes the money. A trade copier works like a mirror, whatever happens in front of a mirror is reflected immediately. In a case where one of your accounts is subscribed to be receiving forex signals, then that can serve as your master account and more accounts could be linked to it using trade copier. Anytime the trader makes a trade, the same is copied in his or her account. Alternatively, amateurs in the trading world can also link their accounts to that of an experienced trader. Regardless of the computer or the location of the main trader, all his trades will be copied immediately to the slave accounts. The main trader will focus on effectively trading one account and the same will be posted in other linked accounts. Trade Copier demo: Instantly copying trade from one MT4 to other two MT4 accounts
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