How to Copy Deals of Forex Traders
You will see the rating of leaders on the first page of the service. Each of them has a profitability graph. According to dynamics of profitability growth depicted on the leader graph, you can evaluate his trading yield and calculate a probable profit from copying his trade operations.
By choosing a leader for copying deals, you should pay attention to several parameters shown in the rating. The size of your future profit and a total stability of revenues depend on these parameters.
You can evaluate this important index by opening the graph of a leader’s trading history. It must grow from left to right as it’s shown in the picture, but you should consider that profitability index mustn’t be the determining one in your choice. It’s obligatory to take into account some more significant factors.
It’s indicated in days and corresponds to the time that passes from the moment of setting up a commercial account. If the account age amounts to just several days, while the profitability index is very big at the same time, it may mean only a temporary trade success of the leader. It’s desirable that the account age is more than half a year or more than a year – even better.
As a rule, successful traders have several dozens and even hundreds of subscribers, though there are exceptions. Still, the number of them reflects the level of investors’ trust in a trader and his reliability anyhow.
Upon choosing traders by their work with accounts, you have to analyze a total amount of closed deals. Take accounts, which demonstrate profitability in hundreds of percent’s by two or three deals, cautiously. Profitability must be ideally achieved by several hundreds of closed deals for a whole trading period of a leader.
After switching to the leader’s page, you can calculate an approximate level of your income while copying his deals. It’s possible to estimate the period from 1 week to 6 months.
READ MORE: Best Service’s for Copying Deals