Beyond Trading Limits: Unlock Profits with tickmill Copy Trading
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What is Forex Copy Trading?
Forex copy trading is a system that allows investors to view and copy the trades of successful forex traders. The concept was made possible by advancements in online trading platforms that automated many of the manual, time intensive processes such as researching, analyzing, and making the actual trades. With forex copy trade, investors can diversify their portfolio more effectively. They can choose to follow multiple traders and adopt different strategies to fit their own needs and objectives.
How Does Forex Copy Trading Work?
Forex copy trading works much the same way as copy trading in stocks and other financial instruments. The investor selects one or more successful forex traders, whose trading style, risk tolerance, and return goals match their own. The investor then sets up an automated copying system that enables them to automatically copy the trades of the selected traders. The trades will be mirrored in the investor’s account.
Copy trading eliminates the need for research, analysis, and experience, thus removing the difficult learning curve involved in the traditional learning method. It also eliminates the stress of trying to time the markets and making mistakes due to inexperience.
Tickmill Copy Trading Forex
Tickmill offers copy trading forex with its Trade Terminal. The Trade Terminal consists of multiple advanced trade execution and analysis tools that you can easily add to your MT4/MT5 trading platform. With Trade Terminal, traders can access multiple brokers and configure the platform with their own personalized settings. They can also customize their trading strategies and use automated trade signals to make better buying and selling decisions. The Trade Terminal also enables traders to access the latest market news and indicators.
What is Tickmill Copy Trading?
Tickmill Copy Trading is a state-of-the-art platform for forex traders who are looking to replicate the trades of successful and experienced investors on the Tickmill broker. This automated trading system takes the guesswork out of trading and eliminates the need to manually monitor and analyze the markets. The Copy Trading system will automatically place orders when certain conditions in the markets are met, allowing inexperienced traders to benefit from the strategies of successful traders. Investors can choose to copy individual trades, or opt for a more diversified approach by copying multiple traders at the same time.
The Benefits of Tickmill Copy Trading
The greatest advantage of Tickmill Copy Trading is that investors do not need to have any experience of trading forex. Even those with little or no knowledge of the markets can benefit from the trades of experienced traders in the network. As the system works automatically, it also eliminates the need to constantly monitor and analyze the markets. This saves time and is especially useful for those with busy lifestyles. Additionally, traders can set up multiple accounts with different traders, balancing the risk and the potential of returns.
Account Options with Tickmill Copy Trading
Tickmill offers several account options to those interested in Copy Trading. Firstly, the Standard account requires a minimum deposit of $200 and offers access to more than 60 currency pairs, gold, silver, and various CFDs. Secondly, the Premium account requires a minimum deposit of $5,000 and offers access to even more assets. The broker also offers Islamic accounts and free VPS hosting to those who trade with larger volumes. Finally, those who have their own trading strategies can opt for the Tickmill Pro account, which requires a minimum deposit of $2,000 and offers tight spreads, fast execution speeds and a dedicated account manager.