Every beginning trader has probably dreamed of becoming another Larry Williams? But in reality it is not that easy to develop solid analytic and trading skills. Becoming a successful trader requires a lot of time and effort. Unfortunately, most beginning traders are trying to copy the trading style used by their idols without understanding the essence and principles behind their trading strategies and approaches. As a result, most of them end up losing their capital.
What if you want to trade Forex but don’t have time to learn and master trading skills? Is there a way out? Yes, there is…
RoboCopyFX
The primary goal that all market participants pursue is to profit as much as possible without running major risks. Investors want control over their funds while managing traders strive to diversify risks.
RoboForex has recently introduced an innovative solution for those who want copy successful traders while staying in control of the trading process. In essence, it is similar to PAMM accounts. However, the major difference is that you don’t deposit your money to a certain PAMM account so that a trading manager could manage them. Instead, you copy his/her trades to your personal trading account.
According to Andrei Goilov, Chief of the Analytic Department at RoboForex, CopyFX is a whole new level of trading, a step into the future of innovation and technology.
Let’s have a closer look at the differences between CopyFX and PAMM accounts.
· For short-term cooperation, it is better to choose the so-called “provider on commission” scheme. In this case, commissions will be fixed depending on the amount of lots traded (in case a winning trade is closed). This condition should be defined in the offer in order to avoid misunderstanding between investors and providers (those who provide trading signals to copy).
· Another option is called “provider on profit”. It is more suitable for mid-term and long-term cooperation. In this case, the provider gets paid depending on the total income you have earned when the cooperation is over.
· And finally, you can invest in classic PAMM accounts. In this case, you will have to transfer your funds to a single account that will form the money pool that will be used to trade Forex. The managing trader defines the size of the commission as a certain percent of the total profit gained over the entire trading period.
Withdrawal of funds is allowed only after the investment period is over.
Other benefits of the innovative solution include complete transparency: investors can monitor the trading process and change/adapt it to their needs and requirements. However, you should keep in mind that it is only up to you whether to copy a certain trade automatically or to change it. It is your choice and responsibility.
Anyway, this is an optimal scheme of cooperation between investors and managing traders/ providers of trading signals.
According to Eugene Olkhovsky, ’s leading expert in financial markets from Canada, CopyFX by RoboForex is a revolutionary solution in the PAMM industry as now investors can chose the cooperation scheme that suits them best.
Another benefit is that there are no third parties involved in the process so you don’t have to pay extra fees and commissions. Yet you can intervene in the trading process at any time if you don’t like anything. You stay in control of your capital! You can cooperate with providers on conditions that are suitable for both of you.
A flexible organizational system allows you to cooperate with several providers simultaneously, thereby forming a portfolio of trading signals in order to diversify risks and maximize profits.
There are major benefits for professional traders who want to become providers/managing traders. As they start cooperating with RoboForex, they become eligible for various pleasant bonuses as lng as they show outstanding performance.
The number of providers/trading managers and investors is growing. For now, over 250 professional traders render trading services. Thousands of investors have joined CopyFX. So come and join the army of those who trade Forex like professionals!
