Some people don't have time or desire to learn about Forex trading. But they still can earn on Forex. Copy trading it’s an automatically copying of successful traders’ transactions into your account. It is enough to connect to the service, select an account to copy and get profit.

1. Copy Trading: Earnings on
Forex for Lazy People

2. Forex trading seems to be something incredibly difficult. Do you know that it is not
necessary to trade on the foreign exchange market in order to have profit? Copy trading has
been on the market for a long time. It’s an automatically copying of successful traders’
transactions into your account. It is enough to connect to the service, select an account to
copy and get profit.

3. How does it work?

4. Copy trading is a kind of an automated trading, where transactions are being copied from one account to
another. How does it happen? There are special platforms for transactions copying. You get registered in such
a platform, choose a provider of signals and subscribe to his trading signals. After this trader’s transactions are
automatically replicated in your trading account.
If you don’t like some transaction, you can close it.
You can copy all of the transactions in full, or put certain restrictions, such as the number of
transactions per day or fraction of deposit involved.

5. Of course, copying of other people’s signals is not free of charge.The trader takes a certain percentage of
profit or fix the price of his services for a month. The platform, where the copying happens, also has an
interest, such as a percentage of the subscription fee. The platforms for copying, in turn, work with brokers to
attract providers and subscribers. The cooperation scheme looks like this:
A successful trader gets registered in the platform for the automated trading and publishes his profile with
signals for subscription. So he becomes a provider of signals.
Signal
provider
(Trader)
Platform for
automated
trading
Forex
broker
Signal
subscriber

6. Copy trading is often confused with social trading. But these terms are not synonyms. Copy trading is one of
the elements of social trading.
Social Trading is a relatively new approach to the trading process. It is implemented through special services,
resembling social networks for traders, where users can exchange information with other members of
community in online mode. Traders are putting there their strategies, chatting with other traders, upvoting.
Newbies are observing the professionals’ actions, and then repeating their deals. Everyone has benefits from
experience and knowledge sharing.
Copy trading = social trading?

7. How to choose a reliable provider for signals copying?
Trading history should be long (not
less than 60 days), and there must
be quite a lot of deals.
A large number of subscribers says
about the trader being in demand.
Estimate the trader’s strategy, how
many trades per day does he
carry out? If he is a scalper, is his
strategy not too risky?
Maximum drawdown should not
exceed 25-30%.
An average monthly income is
15-30%.

8. Pros and cons of
copy trading

9. Advantages of copy trading
Earnings without knowledge
You get profit from transactions, regardless of skill level. Professional
traders will do everything instead of you.
Trading style
You choose the signals provider whose trading style suits you.
More free time
You don’t spend a lot of time monitoring the market.
Multitrading
You choose the providers of signals as many as you want. In such a case
you diversify risks. Thus, you minimize possible losses and won’t lose
everything at once. One losing deal may be hedged by another
profitable one. Profit also becomes smaller, but the chance of losing all
the money decreases.

10. Disadvantages of copy trading
High risks
Forex is ambiguous and changeable. Despite the good profitable
trades, the signals provider can once make a mistake and go into
minus. Therefore, you should understand all the riskiness of copy trading.
Professional degradation
When you copy someone else’s deal, you lose your own flair. You
monitor the market not so carefully, do not learn from mistakes, do not
use technical and fundamental analyses. The brain relaxes without new
knowledges, as the muscles without exercises.
24/5
Trading platform/terminal must always be turned on.

11. Services for orders
copying

12. So, to copy the signals you have to register on a special website or service designed for copy trading. There
are many such sites, the most popular are:
● MQL5 signals;
● ZuluTrade;
● Mirror Trader;
● Signal Trader;
● eTorro;
● xSocial.
Each platform has its own conditions of copying, advantages and disadvantages. We will discuss them in
series of articles devoted to services for copy trading. Copy the signals and make money! Wish you successful
trading!

13. Thank you for
watching
the presentation!