The Mirror Trader website reveals much information, including some useless testimonials. It’s easy for experienced traders to notice that there’s nothing practical about the product. The site is centered around revealing the profit figures of the investors, but there is little else to offer.
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If you’re looking for a mirror trader offering various services, you may consider FP Markets. This broker offers customer support twenty-four hours a day, five days a week. Customer service representatives can answer questions and resolve issues via live chat, email, or phone. In addition, thereal languages are available for support, including English, Latvian, the Philippines, and Polish.
FP Markets was founded in 2005 and is regulated by the Australian Securities and Investment Commission (ASIC). The company is based in Sydney, Australia, and has offices worldwide. FP Markets holds its clients’ funds in an offshore entity through Commerzbank, one of the largest banks in Germany. Because of this, client funds are kept separate from company funds and are only accessed under strict client money policies.
In this Tradency Mirror Trader review, we’ll take a look at some of the key features to look for. For starters, the tendency link is relatively stable and has low latency. The company also offers a comprehensive history of all previous trades. This is a huge plus.
Another feature to look for is the exposure meter. It helps you determine the maximum leverage you’re willing to take on a trade. With this feature, you’ll be able to limit your risk and control your account’s leverage, as well as the number of positions you can open simultaneously. There’s also a Smart Filter feature that will help you find strategies that meet your preferences. These strategies are displayed in a graphical and tabular format.
Tradency’s mirror trader
Tradency’s Mirror Trader is a platform that allows its users to copy the trading strategies of other traders. The program is free for users, although it does charge its partners fees. These fees are usually a small percentage of the total volume of each trade. However, the company can offer many options to help its users make the most of the service.
The system has several features, such as a filter that allows you to find the strategies that suit your trading style. It also provides a complete history of past trades and allows users to download the data into Excel. It also offers a variety of technical indicators, and the program makes it easy to analyze performance.
FP Markets’ strategies
Many people have heard of automated trading Robots (ATRs) in Forex trading, but how do they compare to mirror trader strategies? ATRs require unseen testing, and the creators of these strategies rarely publish a performance statement. In contrast, Mirror Trading provides a real-time view of a strategy’s performance. This can help investors determine whether or not the strategy is worth their time and money.
FP Markets’s mirror trader strategy offers an easy and convenient way to follow other investors’ moves without any additional input from you. It also comes with various risk management tools, including an Automatic Stop. In addition, the Exposure Meter displays the maximum leverage a portfolio can have on a scale of 0 to 100.
FP Markets’ website
FP Markets has several suitable options if you’re looking for a reliable platform to trade on. The Press platform is powered by TradingView, which has a clean watchlist tool and nearly 100 technical indicators. However, MetaTrader is probably a better option if you’re a beginner or want to learn more about forex trading. While FP Markets offers some good resources and research on its website, it could benefit from expanding its daily content.
FP Markets offers a wide variety of educational resources, including guides and trading courses that cover topics ranging from the basics to technical analysis and risk management. The company also offers daily market reports, articles, investor glossaries, and webinars.
FP Markets’s mirror trader
Mirror trading is an excellent way for a novice investor to test the waters in the market. It allows you to copy the strategy and trades of fellow investors without the need for additional input. However, several things must be considered before signing up for a mirror trader account. For instance, be aware of your risk appetite and the amount of capital you want to allocate to a specific strategy.
FP Markets’s mirror trader account offers flexibility regarding account type and trading volume. Standard and RAW accounts are available with minimum spreads of 1.0 pips per trade. However, RAW accounts charge a fixed commission per lot, and the exact amount is dependent on the base currency.