In recent years, the interest to such a method of trading as copying deals of traders, has significantly raised up. Such a copying is often carried on the brokers web sites or within a specially designed trading networks.

Considering the trade at the financial market, for example – Forex market, the visible becomes the fact that all traders can be divided into two informal categories. First category includes all those who put hard work by themselves, gain experience, visit various seminars/webinars and improve trading system. But the second category, respectively, fit the traders, which are, controls, at first glance. They are managed by the same desire to earn, but with a small correction to the unwillingness of spending their time. In other words, the second group includes all those who wish to gain results with minimum effort. Hence, copying orders of successful traders is the best scenario for game at the financial market, exactly, for second type.

Copy-tradings

REASONS OF WHY YOU SHOULD NOT COPYING DEALS OF TRADERS

Today almost every broker offers its customers the opportunity to use the coping orders of successful traders. The main goal in here, in fact, is really good. After all, it is aimed to provide the possibility to try their hand in this sphere, especially those who have never been there before, or for those who do not want to waist own time. However, it is necessary to take into account a number of nuances. We offer to think a little whether it is necessary to rely on this thing or not.

Lack of information and knowledge of the trader:

In fact, people often copy trades without know almost anything about how exactly trader deals. In addition, web sites, as a rule, usually provide them with a general information. Often this information is more for making decisions about use this system or not, rather than for obtaining all necessary for training.

Often primitive interface:

the system of copying orders often have really simplified interface. From the first glance everyone would say that it’s great, because it allows everyone easily understand for to use it, at the same, work comfortable. However, there is a small but weighty “but” – this allows you to use only a set of its basic functions.

Statistic, which is based on selection of the information from best traders:

Let’s just say, with the aim to attract new traders, slightly incorrect statistic is often displayed whether on a specific broker web site or a resource offering system of copying. In other words, the traders boards can display information based on the achievements of successful players. So, this in itself muddles the actual picture.

Special risks that affect on every trader:

As everyone understands, together with such copying trader automatically accepts the risks faced in the course of trade by a trader he follows. After all, this overlap means the identity of actions that can lead to mistakes, which in one second can deprive all investments. Therefore, it is hard to adequately assess the risks, but for sure they are higher than the usual. So, think twice before to believe and invest money relying on the numbers in the income graph of the trader.

Copying deals of traders is also characterized by a specific obstacles that make such trading ineffective:

• Here traders often simultaneously manage many accounts and publish only the best results, thereby not revealing the real statistic.

• Possible existence of multiple trading accounts with the increase in tens – hundreds – thousands of percent. But never miss the small details, because often such increase may have happened during the first months of trading, when in current period, the real results are far from ideal.

• The presence of restrictions. Among all trader’s accounts, there are such which, for some reason, are out of reach or had been closed in the short term. The latter, as nothing else can be an evidence of fraudulent activity.

COPY DEALS OF TRADER IS A WORTHY ALTERNATIVE OF TRADING WITH A HIGH RISK LEVEL!

Despite what you have already read in this article, this activity has also advantages as well. Undoubtedly the copying itself is a great alternative for trading at the financial market. However, once again we remind you, think twice, maybe even three times, before using it. Because without sufficient trading practice, you will expose yourself to a possible errors and failures.

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Why you should not copying deals of successful traders
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