Steps to profitable copy trading.
Copy Trading
It's a feature that allows inexperienced persons ,or people who just don't want to go through the stress of analyzing market trends,charts , candlesticks e.t.c to trade by copying trades of professional traders .
steps
1. Check both monthly, weekly and yearly PNR ,of the trader you want to copy. Check win rate.
2.Check the number of copy traders under the trader you want to copy, I prefer you pick a trader with 70% of his set size. For instant if he can hold 200 copy traders ,traders under him should be above 140.
3.Manage your risk ratio carefully,realised that your copy trader is a human being and thus succumbs to the pressure of the market.
4. Have a reasonable portfolio, above 100$ ,is the best. Then have multiple trades ,you can't lose in all
5.once you hit your target profit ,close the trades.
6. Copy trading is a risky venture ,do prior research.
7. Give me a like , follow . Let's make money 💰. Comment if you ready we scale your portfolio 🀄