You can copy best traders just by knowing the trends and strategies they follow.
What is Copy Trading?
With your MT5 account open, all you have to do is emulate the profitable traders.
The investor can now study the trading systems developed by other profitable traders. An investor has a selection from a variety of trader systems, and he can choose the one to use depending on his trading style.
How Does Copy Trading Work?
To follow them, all you have to do is start doing so, and their trades will be reproduced in your account. The trade that they open will be opened in your account as well, and if that trade is successful, so will be your trade.
The autotrade method was introduced to guarantee seamless mirror trading, and you can adjust the multiplier amount at any time you subscribe to the autotrade provider. This value’s fluctuation will instantly display the fictitious return and any risk you may be exposed to given the data. When your multiplier of value is 1, you receive the same risk ratio as the supplier.
Once you alter each system’s multiplier, you will note that the risk bar has been updated appropriately. Risk represents the maximum drawdown, and it ranges from 0% to 100%.
Once the multiplier is established, the size of trades on your account will be immediately determined by the provider system of your choice. Reduced multiplier value indicates reduced risk, trade size, and profit or loss.
How do I start Copy Trading?
STEP 1
Open your CRIB MARKETS LTD LIVE account.
If you’re an existing CribFX client, please email your account number to our Support Team and request to be added to CribFX’s Myfxbook AutoTrade group.
STEP 2
Link your CribFX MT5 account to Myfxbook.
Just visit the Myfxbook website and link your CribFX trading account to Myfxbook AutoTrade. Then pick the automated Forex systems you like the best and copy them.
Copy Trading Benefits
NO EXPERIENCE NEEDED
You are not required to have experience to trade in a market. Even if you are new with no experience you can give a chance to yourself.
EASY TO USE
It is very reliable and is very easy to use as you won’t be needing an installation of any copy trade software.
VIEW PROFITABLE TRADES
Only historically profitable systems are shown that have been hand-picked from real accounts.
CUSTOMISABLE FEATURES
You can customise the system according to you, means you can add or remove a system at any time you want.
ACCURATE STATISTICS
Facts and figures plays a very important role and help you make better System Selections.
MANAGE YOUR RISK
By simply closing unwanted trades in your MT5, you can now control your risk on trade by trade basis.
MANAGE YOUR RISK
You get a chance to enhance your skills and knowledge by watching the success of other traders trading system.
PRACTICE YOUR SKILLS
You get a chance to enhance your skills and knowledge by watching the success of other traders trading system.
