Today’s Forex trading industry has become sophisticated. It involves a sea of various services, from conventional broking services to PAMM accounts and trading signals. The latter is getting more popular, since few people can actually really make really decent trading decisions on their own. Most market participants rely on various services offering trust management, PAMM investing or trading signals. In this article we will talk about trading signals, their benefits and other related things.
Trading Signals: Benefits
Obviously, the biggest benefit of trading signals is the fact that beginners and mediocre traders or investors gent an opportunity to copy successful traders’ experience and make money on a regular basis without making trading decisions on their own.
Until recently, people had to use only ZuluTrade and MirrorTrader to copy trading signals. MetaQuotesSoftwareCorp make changes to its MetaTrader 4 software, thereby restricting the possibility of copying trading signals via the trading terminal. As a result, almost all broking companies had to close their related services. However, RoboForex, some of the leading broking companies in the Forex industry and a home for automated trader, has finally made it possible to copy trading signals without contradicting the terms and conditions of MetaQuotesSoftwareCorp.
RoboCopyFX – Innovative Service
RoboCopyFx is a unique service that allows anyone to make decent profits without major risks. You can choose managing traders yourself and let them make money for you while you are mastering you trading and investment skills.
The innovation service is a new step in the development of the Forex trading industry. Even despite the fact that in essence RoboCopyFX has much in common with PAMM, there are several major differences, which give the former a competitive edge over the latter:
Absolute transparency. The trading process is absolutely transparent. This means that you can monitor the process, thereby staying in control of the situation.
Flexibility. Investors and managing traders can determine any trading conditions that are optimal for them. This makes their cooperation very flexible and therefore efficient and pleasant.
Control. The investor can make any changes to the trades opened by the trading manager at any time. Therefore, investors are free to choose. They either copy the trading manager’s trades without any changes or make some minor changes to them, thereby adjusting them to their approach and money management rules.
Multiple managers allowed. This means that you can receive trading signals from as many trading managers as you want.
Therefore, the cooperation within the innovation services is designed so as to create win-win situations for every party involved.
Choosing Providers
Within the framework of RoboCopyFX, trading managers are referred to as providers.
Before cooperating with a certain provider you can monitor his trading in real time and monitor his/her trading history. This means that you can visit the CopyFX rating page to see all the providers’ past and current results. This is how the page looks like:
RoboCopyFX: Service For Everyone
In essence, RoboCopyFX is similar to conventional PAMM services. However, there are some beneficial differences.
The major one is that the participants of a certain offer can work out their own conditions for cooperation. Moreover, the investor stays in control of his/her money and can interfere at any moment. Investors can receive trading signals from multiple traders at a time. Those trading signals are copied automatically.
Let’s have a closer look at the differences between RoboCopyFX 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”. This option 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).
RoboCopyFX – Perfect Alternative to PAMM
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, investing in innovation services provided by reliable brokers is an optimal moneymaking solution.
At this point, RoboCopyFX is a competitive alternative to PAMM services offered by other broking companies. This is a revolutionary solution and a new step in investing. Even though it is similar to PAMM services, it has several advantages over them. The major one is flexibility (you can choose which and how many trading managers to cooperate with and on what conditions to do that). This is a win-win situation…
If you need more information on RoboCopyFX, please, visit the broking company’s official website.
