Vicky Oselumese
Want to know how OctaFX copy trading works? This comprehensive guide breaks down the process, empowering you to make informed investment decisions. Start copying successful traders now.
OctaFX Copytrading is a service offered by OctaFX that allows customers to profit by copying orders from professional traders, also known as Master Traders.
Recently, the service made major changes to its copying settings, giving users the ability to copy the Master Traders’ orders in different volumes, such as equal, double, or triple. This update aims to provide more flexibility and customization options for the users.
- Tips and Advice: How to Open a Successful Barbing Salon Business in Nigeria
- Step-by-Step Guide to Launching Your Own Online Food Delivery Business in Nigeria
OctaFX Copytrading is a highly popular service among OctaFX’s clients for two main reasons.
Firstly, it is easily accessible through the OctaFX Copytrading App or desktop platform.
Secondly, it requires little Forex expertise to start making a profit. The process is simple: clients, known as copiers, choose professional traders to copy orders from. Whenever a Master Trader opens an order, the same order automatically opens in the copier’s account. This allows copiers to trust the expertise of the Master Traders and profit with minimal effort.
In order to make the subscription process more transparent for copiers, OctaFX Copytrading has introduced new features. Copiers can now choose to copy a Master Trader’s orders in different volumes, and the required investment for each Master Trader is calculated automatically based on their trading history.
Additionally, copiers can choose to add support funds to protect their investments from unexpected market movements.
How OctaFX Copy Trading Works
To start using OctaFX Copy Trading, you need to create an OctaFX account and make a deposit. Signing up is easy and you can choose any payment method that suits you to deposit funds into your Wallet.
Once you have set up your account and deposited funds, you can start following the best traders. Take your time to explore the different Masters available on the platform and choose the ones you want to follow.
When you find a Master you like, simply press the ‘Set up copying’ button and their orders will be automatically copied to your account.
After setting up the copying, you can monitor the trades and track their performance. This gives you the opportunity to learn from successful traders and potentially profit from their strategies.
Keep an eye on the Masters’ trades and make adjustments to your own portfolio as needed.
Why Choose OctaFX Copy Trading
OctaFX Copy Trading offers several advantages for both experienced and novice traders. Firstly, it allows you to benefit from the expertise of successful traders without having to actively trade yourself.
This is especially beneficial if you have limited knowledge or time to dedicate to trading.
Additionally, OctaFX Copy Trading provides a transparent and secure platform for copying trades. You can easily access the performance statistics of each Master and make informed decisions about who to follow based on their track record.
Moreover, OctaFX Copy Trading offers a wide range of payment methods for deposits and withdrawals, making it convenient for traders from all around the world.
The platform is also user-friendly and intuitive, ensuring a seamless experience for users of all skill levels.
Wrap
If you are ready to start copying trades and potentially boost your trading performance, sign up for an OctaFX account today. Deposit funds into your Wallet and explore the Masters available on the platform.
Choose the best traders to follow, set up copying, and monitor your portfolio to make the most of OctaFX Copy Trading.
