InstaForex Forex Copy Facilities
The InstaForex Copy Forex service, introduced at the end of 2011, allows traders to easily duplicate trades from one InstaForex account to another in real time.
There are 2 main elements involved in Forex Copy:
Forex Copy Trader
This is the party/account/person who provides the source of patterns/trading, also known as a trading signal provider.- Forex Copy Follower
This is the party/account that will follow or copy trades from the Forex Copy Trader.
How Forex Copy Works
When the Forex Copy Trader makes an entry, the Forex Copy Follower trading account will also do the same. With the same pair as well. This duplication system occurs in real time, simultaneously, so the potential delay is 0. This is possible because the integrated system is within the InstaForex system itself.
Forex Copy Follower
Perhaps you are busy trading yourself, or your own trading performance is not satisfactory. With this facility, your task is simply to find a TRADER where you are sure that he is a good trader worthy of being followed, and then you can just sit back and your trading account will work on its own following that trader. Isn't that nice?
You could also have a friend who is good at trading. Invite him to be a Forex Copy Trader and your trading account as a Forex Copy Follower, and you will be free from the complicated duplication process with applications sold on the market. And even those don't guarantee a delay between the master and slave.
So, if you are interested in following a reliable trader, where can I find them?
- From a friend, who you ask to become a Forex Copy Trader on InstaForex.
- Or from the Forex Copy Trader exchange on InstaForex. There will be a list of traders who have set up their accounts as Forex Copy Traders, along with their performance.
The main obligation for Forex Copy Followers, in return, is to pay commission to the Trader, but you don't need to worry about that either, as this is automatically regulated by the InstaForex system.
As a Follower, you are also facilitated with several copy parameters that can be configured, so that a copy or duplication result that is more in line with your criteria can be obtained. For example, the Follower can adjust how many trades they want in one day, which pairs they want to follow trading on, and also lot adjustments, etc.
Steps to become a Forex Copy Follower:
- You must have a live account on InstaForex, register here.
- You must register your account as a Follower here
Forex Copy Trader
As a Forex Copy Trader, there are several advantages you can get, you will earn commissions from followers who follow you. If your trading has good performance, it is not impossible that you will have dozens or even hundreds of followers. You can imagine how much commission you will earn from each trade entry.
Here are the steps to become a Forex Copy Trader:
- You must have a live account on InstaForex, register here.
- You must register your account as a Forex Copy Trader.
- Once your account is registered as a forex copy, your account and trading performance will be automatically listed on the public InstaForex Forex Copy Trader list.
By entering this listing, your opportunity to gain followers will be opened. In addition, InstaForex has also prepared tools in the form of widgets, charts and trading performance reports that you can install on your blog/site, where you intend to show your trading performance and invite people to become your followers.