Account Copiers - Copying Signals With A Mt4 Account Copier
- Author Boris Fesenko
- Published May 2, 2012
- Word count 545
The Forex market is a thriving place where people all over the world are buying and selling currencies in order to make money for themselves. I'm guessing if you're reading this then you're ready to jump in yourself. Did you know there are other ways to make money on Forex than just buying and selling currencies? You should consider selling trading signals as you make your Forex trades. When you're ready, you should seriously consider using an Account Copier
SO WHAT'S AN ACCOUNT COPIER ANYWAY?
A Forex account copier is used to copy the signals you send to your trading platform, sending them as well to another trader's or multiple traders' platforms, which process those signals and make the same trades for them as you just made yourself. This way, if you have a trading strategy that's making you money, you can sell those signals to other traders, either at a specific rate or for a percentage of the profit they make from using them, increasing your own profit by that much more.
THIS IS HOW IT WORKS
A Metatrader 4 or MT4 account copier creates a "master" terminal and one or several "slave" terminals to control trades on many machines. By processing signals sent from the master terminal, the slave terminals can make the exact same trades. The internet allows these signals to be sent with almost zero delay, so that the trades are completed at virtually the same time.
HOW DOES THIS BENEFIT YOU?
The opportunity to exponentially increase your profits is huge. If your trading strategy works, people will buy your signals. Since you can sell those signals for a percentage of the money that your clients are making with them, the risk to you is nil, and the risk to them is minimal since they're not paying out of pocket. They won't mind taking that risk once you've proven to them their strategy works.
HOW DO YOU PROVE YOUR SIGNALS WORK?
As soon as you set up your Forex account, be sure to register it with a reputable third-party monitoring site. This will be something you can show potential clients, demonstrating how effective your strategy is, how much profit it's made, and giving them a detailed history of all of your trades. As well, you can set your possible clients up with an investor password for your actual Forex trading account. They get to see the real thing this way. They won't be able to change anything, but they will be able to look over all of your trading history and check out your charts and graphs to see how well your strategy works.
USING WITH A TRADING ROBOT
Why stop at copying manual trades? If your trading robot is raking in the dough, you can make good money for your investors and yourself by copying signals from its trades. It's an awesome way to have the freedom to live your life while still making good money trading and selling signals.
HOW DO YOU FIND AN ACCOUNT COPIER?
Forex forums are a good place to look. There are many of them all over the internet with thousands of traders discussing the best (and the worst) software packages available. Do some research, get a copier, and start making money right away selling signals!
If you want more information on account copier or general information about Forex trading, visit my web site at account copier
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