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Forex Software is getting more and more popular among trader

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Forex Software is getting more and more popular among trader

Postby oscarashort » Thu Nov 29, 2012 7:33 am

Forex copiers are one of the most popular applications that are emerging in the field of currency trading. Due to its numerous advantages, it has become quite popular among the traders, especially the amateurs.

What is Forex Account Copier?

A Forex Account copier is used to copy the signals from a master account to single or multiple slave accounts. The master account is usually of a successful trader, who is an expert in this industry and makes a lot of profit by trading currencies. Some successful traders sell their strategies to other traders, mostly amateurs, at a certain price or for a percentage of the profit they will make by using the strategy of the professionals. The slave accounts are of the traders who have opted to copy the signals from the master accounts.
Although forex copiers are provided by many companies, the most widely used copier is MT4 trade copier.

Why we need to copy trade signals in the Forex trading?

Forex trading is a risky business and if you are not an expert in this, you may lose everything. Analyzing the market movement is not an easy task. Even if you spend hours studying the details, the chances of loss are still high. Amateurs and busy professionals therefore, need help to identify the profitable trades. Out of all, forex copiers are often loved by people, as these software allow them to copy the trades of experts. By watching their trading moves, you can have a fair idea of what can give you positive results. If you choose a good source, you will certainly have a good fortune in forex trading.

Innovative software such as MT4 trade copier, can work for you 24x7 without your supervision, so you can conveniently do other activities. If you cannot dedicate a good amount of time to forex trading but still want to gain monetary benefits from it, forex copiers are the best solutions. Anyone can buy and operate these software, as they are quite affordable and simple.

How does a forex copier operate?

Its operation involves a main terminal and many other dependent terminals. It runs an expert advisor on the main terminal or master terminal, from where the trade signals are copied on the dependent or slave terminals, which process those signals and makes the same trades for those accounts upon your approval. The copier copies the trading signals automatically and you are just required to analyze them and then approve the deal if you feel you must go ahead with it.

Why are Forex software getting popular?

Ever since the inception of forex trading business, people have always been on a lookout for ways that can help them minimize their risks and maximize their profits. A forex copier is one of the most cutting-edge technologies that have changed the way amateurs and busy professionals have invested their hard-earned money in forex business. This is the reason behind the soaring popularity of MT4 trade copiers and other similar software.
Forex trading software has become indispensable for anyone who is into this business. Experts opine that they are the future of forex trading and anyone using them will certainly reap good profits, provided you choose a reliable source.
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Re: Forex Software is getting more and more popular among tr

Postby Shawnmichal » Thu Nov 29, 2012 8:22 am

Thanks oscarashort to share another good article. These days number of traders are using Forex Account Copier and due to this searching good Forex Account Copier. There is no doubt that "MT4 trade copier." is mostly used Forex Account Copier but searching reliable source for it is also important.
http://www.fx-insights.com
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Re: Forex Software is getting more and more popular among tr

Postby highway » Wed Dec 26, 2012 8:48 am

I use sort of account copier in my trading. For now it's only one signal on the demo account, but I'm very interested in it and gonna start trading using it.
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Re: Forex Software is getting more and more popular among tr

Postby oscarashort » Fri Feb 01, 2013 2:36 pm

Sure highway. You would love using it
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Re: Forex Software is getting more and more popular among tr

Postby pipabode » Tue Jan 19, 2016 9:35 am

Rather than coping other peoples traders, you could use an EA to generate very good trades, personally, I use an EA known as FX-Seer MT4 Expert Advisors. It can be found from the FreshForex eShop.FX-Seer – is the innovation on the market of automatic trading systems and provides free forex signal. Advisor's strategy is based on separation of trading day into 15 trading periods, for each of them the best possible settings are selected. Trading is solely presented on EURUSD pair. Minimal deposit amounts to 600 Usd (for 0.01 lot). Advisor is extremely simple in adjustment and installation: it only has 4 parameters and each one has an intuitive intended purpose.
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Re: Forex Software is getting more and more popular among tr

Postby Sininfinity » Sun Feb 28, 2016 4:47 am

Never used any copier and don't have good knowledge about copying others. I rely on myself for trading. But those who can't trade themselves, these services are very profitable for them.
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Re: Forex Software is getting more and more popular among tr

Postby hafizmd » Mon Oct 03, 2016 11:14 am

I agree with the opinion that better is to trade by yourselves.
EA is a good variant for beginners, but you can't earn good money with robot's help. Somehow, any trader needs to think and to feel the market to become professional.
When talking about EAs, it's important to buy really good advisor, cause any little mistake in it's code will lead to losses.
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Re: Forex Software is getting more and more popular among tr

Postby jgab65 » Fri Apr 07, 2017 9:19 am

I use MT4 Trade Copier, a software that can duplicate/copy trades between any MT4 accounts. I got it for 40% discount from Forex Copier. A good adviser told me about it when I started learning about trading stocks.
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Re: Forex Software is getting more and more popular among tr

Postby Sininfinity » Sat Jul 15, 2017 5:42 am

jgab65 wrote:I use MT4 Trade Copier, a software that can duplicate/copy trades between any MT4 accounts. I got it for 40% discount from Forex Copier. A good adviser told me about it when I started learning about trading stocks.


There are many social sites for that. A software is not necessary. But individual performances can vary. So I am not saying it was a wrong decision or anything.
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