About Instant Copy Contracts: Concept and Tips for Beginners
1. What are instant copy contracts?
It is a mechanism that allows investors to automatically copy the trades of professionals in their accounts. Once you choose a professional trader to copy, the same trades are executed in your account based on the capital you allocate.
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When should copying be stopped?
Poor performance:
If you notice that the trader you are copying starts making continuous losses or suddenly changes his strategy.
Action: Monitor weekly or monthly performance. If there are losses for more than two months, consider stopping the copy.
Strategy misalignment with your goals:
If the trader relies on high-risk strategies and you prefer low risk.
Overall market down:
If you feel that the market is experiencing extreme volatility, it may be better to stop copying to preserve capital.
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How to get profits?
1. Ensure there is sufficient profit:
Monitor account profits through the trading platform's control panel.
2. Make a withdrawal request:
Go to the withdrawal section of the platform.
Select the amount you want to withdraw.
Choose the appropriate method (bank, digital wallet, etc.).
3. Consider fees and time:
Some platforms charge withdrawal fees or take a few days to process the request.
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Instant Copy Tips for Beginners
1. Start small:
Try with a small amount until you understand the copying mechanism and the trader's performance.
2. Monitor the trader’s performance constantly:
Ensure that the trader makes regular profits and follows a consistent strategy.
3. Diversification of risks:
Don't put all your capital with one trader. Choose more than one trader to diversify your risk.
4. Stop when needed:
If you feel that things are not going the way you want, do not hesitate to stop copying and re-evaluate the traders.
