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How to start with TradeCopier

24 April 2023

Copy trading is a strategy where investors follow experienced traders who have a high success rate and copy their trading strategies. Copy trading is slightly different from mirror trading. Whereas in copy trading the trader will directly copy the moves of a successful trader, in mirror trading, traders follow signals which are developed from the trading patterns of different successful traders.

Mirror trading

Mirror trading involves replicating the trading strategy of other traders, particularly those employed by companies that offer mirror trading services. These companies blend the tactics of their top traders to create reliable and precise signals for their clients. While mirror trading is not a new strategy, it has undergone significant changes using big data and artificial intelligence. Consequently, mirror trading signals are now highly accurate and predictable, making it a suitable option for investors seeking a hands-off forex trading experience.

The primary disadvantage of mirror trading is that it requires you to mirror everything. One cannot choose which signals to follow, and the entire process is fully automated. To enable automated mirror trading, traders must also install proprietary software or a MetaTrader plugin.

Copytrading with a difference

Here at IronFX, we have an ideal platform for copy-trading which is known as TradeCopier. The platform allows you to follow experienced traders and expand your portfolio. If you don’t have enough time to invest in trading or lack the experience and knowledge, using TradeCopier will allow you to still participate in the markets by taking advantage of the expertise of professional traders.

What is TradeCopier?

The TradeCopier platform allows individuals in the financial markets to automatically replicate the positions opened and managed by other traders in real time. This feature is especially beneficial for those who are new to forex trading or lack the time to conduct thorough research and keep up with the latest market trends. By copying the strategies of top-performing traders, users can take advantage of their expertise and expand their own trading portfolio. The TradeCopier platform is suitable for all experience levels. However, before you start using TradeCopier or any other platform, you should be aware of the risks involved in online trading. It is very important to conduct your own market analysis before you commit real capital to trade. Even if you copy the positions of the most qualified traders, your capital is still at risk.

Advantages of TradeCopier

How does TradeCopier work?

TradeCopier is a completely automated platform, eliminating the need for traders to monitor their trades from beginning to end. Even if you’re away from your computer during the execution of trades, you’ll receive email notifications instantly updating you on the exact status of your trading account.

TradeCopier is also regarded as one of the most valuable online trading platforms for beginners. Novice traders can effectively copy the strategies of experienced traders without conducting any research or engaging in trading activities themselves.

How to use TradeCopier

Strategy Provider

If you’re an advanced trader with several years of expertise, consider becoming a Strategy Provider. Allow other traders to copy your trading strategies and earn a performance fee to increase your income! Your revenue will be based on your performance, including your trades and profits, as well as the number of traders who follow your strategies. The more followers you have, the higher your income potential. An online brokerage such as IronFX can provide you with all the necessary tools to get started and you can connect with traders from all over the world. All you have to do is showcase your trading skills and allow Strategy Followers to follow and replicate your strategies.

Strategy Follower

If you’re new to forex trading or don’t have enough knowledge or time to trade on your own, copying the strategies of experienced traders can be a good solution for you. By automatically following the top-performing strategies of our Strategy Provider(s), you can benefit from their expertise to build or enhance your own portfolio. It’s important to note that initially, you can only select one Strategy Provider, but you can follow more later using the TradeCopier platform.

With this platform, you can trade with confidence! Simply register as a Strategy Provider or a Strategy Follower, fund your account, and start trading while copying the strategies of top-performing traders. Following a few simple steps will allow you to start copytrading effortlessly.

Becoming a Strategy Provider

To become a strategy provider, you need to sign up with IronFX as a Strategy Provider. Deposit funds into your account and create your profile and decide on performance fee offers. You can earn fees by having other traders follow your strategies. To encourage more clients to copy your methods, you can increase your visibility on the Leaderboard.

Becoming a Strategy Follower

To become a Strategy Follower, first, you have to register, deposit funds into your account, and then find professional traders to follow. You can choose those traders whose style or trading goals align with your investment goals. You can then set the conditions and risk for each Strategy Provider you want to follow, and automatically copy the successful trades made by these top-performing traders.

Why choose TradeCopier with IronFX?

IronFX has years of reputation in the online trading world, recognised with multiple financial awards and with more than 1.5 million traders from around the world. With a 24/5 dedicated customer support team, your own account manager and a plethora of online resources the broker will be by your side to provide the necessary support.

TradeCopier is a great tool to explore the markets with an established broker. As a reliable broker, IronFX attracts the best talent, so if you are just starting out, you will be able to choose from many Strategy Providers with excellent records. Also always remember, that you are in control of your funds and account and can always choose to allocate your funds the way you want to. If you would like to learn more about our TradeCopier platform, please head over to IronFX’s website and you will find a dedicated page on TradeCopier under Trading Platform.


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