What is Copy Trading?
Copy-trading works by relying on social networks and social trading systems. When one trader opens a position, they can broadcast this information to other traders on the network, who can then decide whether they want to open the same position, or alternatively, their automated trading systems can do it without additional input from the trader.
Usually, the primary trader who broadcasts their positions has experience in the underlying market and the copy traders might be entirely new to the financial markets. Forex copy trading is a popular strategy because price movements are often small but frequent, and constant monitoring is required.
You may ask what are the benefits and trade-offs.
Step 2 | 'Choose' the best traders to follow
Find and follow the most successful traders. Our detailed Ratings Page ranks Providers based on their profitability over a given period of time. It includes their full trading history and past performance. To replicate their trading behaviour simply click ‘Follow’.
Step 3 | 'Copy' Trading options
One of the many benefits of our copy trading platform is functionality. We offer multiple copy trading modes and there is no limit on the amount of Providers you can copy. Try copying multiple Providers that use different trading systems and find out which best suits you.
Step 4 | 'Control' is still in your hands
Although you are replicating the trading behaviour of others, Pentagon Markets copy trading allows you to maintain control. You can activate and deactivate copy trading with the press of a single button. Login to the Social Trading portal using your MetaTrader 4 or MetaTrader 5 credentials and use risk management options including stop loss and take profit orders.