These days, trading signals has become really popular among retail traders and investors from all over the world. Speaking about those signals, they come in different shapes. For instance, auto-copying is one of the most popular formats of providing trading signals to retail clients.
This is all about letting the client copy successful traders’ performance in automated mode. This means that while the client stays in control of their investments, it’s possible for them to outsource all the routine job of copying the signals to trading software and enjoy passive income on a regular basis rather than having to wait for trading signals to come out and apply them manually. Basically, that’s one of the key reasons why auto-copying services has been getting more and more popular worldwide over the last few years.
Even though such services are mostly used by beginners as well as some experienced investors coming from other fields and knowing little about financial markets, intermediate and advanced FX traders and investors may also benefit a lot from utilizing such services. Anyways, this is diversification as well as extra income generated in passive mode. This leads us to believe that such services are for anyone seeking extra income.
However, there is one but. The thing is, that the amount of such services is now growing like never before. Apparently, not all of them are equally reliable and providing signals of really high quality. This means that we have to know how to choose appropriate services like this in order to avoid falling prey to scams and to make money in the long run. Simply put, if you are going with a bubble services that has no real trading under the hood, then you are definitely going to regret investing with them. You need to take your time to make sure that the service you are about to go with is really worth investing in. The importance of this cannot be overestimated. However, few people have enough time or will to perform such a tedious task. That’s why we decided to help you out in terms of diving deeper into the service that really deserves your attention if you are seeking to invest your money wisely.
Trading Signals by NordFX – Efficient and Profitable Auto-Copying
NordFX, a world-famous FX broker and one of the leading layers in the industry, has found a solution when it comes to auto-copying. By the way, this company has been actively improving the industry with the help of its innovative products and services. That’s the reason why the company has been winning tons of prestigious awards over the last few years, including the titles of the world’s best FX broker 2016, excellent service, best ECN service 2016, best auto-copying service 2016, and so much more.
Speaking of the solution, NordFX was the first FX broker to integrate auto-copying into MetaTrader 4, which is the most popular trading software among Forex traders and investors. This service is called “Signals”. It allows the user to browse through the list of master traders available for auto-copying, as well as all the details related to them, including their trading history, performance, drawdowns, risks etc. This means that even beginners have more chances to choose a reliable master trader to copy signals form rather than choosing them randomly and hoping for the best. There should be relying on luck when it comes to investing your money. That’s for sure.
By the way, John Gordon, who is the company’s leading expert, makes monthly reviews of the TOP10 trading signal providers by revealing the traders’ ups and downs, successes and mistakes. All of that surely makes investors more literate in terms of reading financial statements of those traders and allows them to makes much wiser choices, thereby putting the odds of winning in their own favor. By having such information under their belt, even the beginning investors can make well-though-out decisions based on stats and analytics instead of first impression or something superficial like that.
Take Your Time to Make Your Choice, John Gordon Says
First of all, the “Signals” service is all about providing the industry’s most comprehensive stats for each and every master trader participating in it. To be more specific, the service offers over 50 parameters for online monitoring, which is more than enough to evaluate the signals in an unbiased way and compare risks to potential profits.
Practice shows that the first thing the average investor wants to know is the profitability. More often than not, they are guided by this factor and invest in those guys who showed the most considerable profit over the past reporting period. Apparently, everyone wants to make as much more as possible. The more, the better. However, there is at least one more factor to consider, which is the max drawdown. Sometimes, you may be surprised to find out that those who can generate really big profits, sometimes are close to losing the entire capital, with their 70% or 80% drawdowns. This is way too dangerous for serious investments, especially if your risk tolerance is close to zero.
There are some other cases, when a master trader starts small, doesn’t afraid of losing money and trades aggressively to end up with really stunning profits at first. However, as the capital grows the trader’s desire to risk declines along with the profitability.
That’s why, John Gordon recommends paying attention to some other factors on top of profitability and drawdowns, like the lifetime of the signal provider. The more the signals provider exists, the more their trading history can tell about them and the more chances the provider have to stay viable. Don’t caught up in those big numbers you can find with some signals providers. Instead, focus on the entire picture over the entire trading period. Investments like stability, and so should you…
