XM Copy Trading has been around for several years and is one of the best Forex platforms out there today. However, does it stand up to the challenge of being an effective trading system? And how does it stack up against other top-rated products? In this review we’ll take a look at all three areas and see which one offers the most value for money.
First, XM Copy trades much like the majority of the Forex platforms, in that it requires the trader to make a minimum deposit. While the minimum deposit may seem small in relation to the amount of investment required to start up, it does represent a substantial investment at the time, and a substantial return on your investment in the long run. The trade duration is typically between five and ten minutes. The trade execution occurs automatically through your MT4 interface, making this a perfect platform to trade with if you don’t have the luxury of keeping an eye on your campaigns at all times.
Second, XM copy trades using two different signal providers XM copy trading
The two signal providers are Audubon and RCTPA. These signal providers allow traders to trade in four different timeframes. The main advantage to using two signal providers is that you can set up your trades so that you only spend time on those times when they are profitable, whereas spending all your time on just one of the signal providers would be foolish. Another advantage is that you will only ever need to pay attention to one of the signal providers, which eliminates the possibility of you spending all day monitoring signals and finding out that they’re not profitable. Finally, by having two signal providers, you eliminate the possibility of a trader defaulting and losing all his funds as well, something that happens far too often.
Next, XM mirror trading is an interesting concept.
Basically, this is a form of automated trading where the author of the transaction actually acts as the robot or software which performs the trading. This is accomplished by putting the trader’s order on their trading platform, then having the robot perform the same transaction as the trader. While some brokers may still allow you to perform manual trades through these robots, most of the major brokers now provide you the ability to use the XM copy trading software which essentially performs the same tasks as a manual trader.
In addition to mirroring, XM exness social trading also allows you to place signals for both buy and sell.
Most brokers only allow one signal provider per trade. However, by using excess social trading you can use up to four signal providers. This allows you to make a profit regardless of what the market is doing at any given moment. One of the major benefits to using exness social trading is that you can create multiple dummy accounts with each of these signal providers, so if one fails you can simply switch to another.
Last, but certainly not least, is the copy trading software from headquarters.
The headquarters software provides the functionality necessary for a complete forex trading system. The software includes everything you need such as signals, options, limits, stop loss and more. You are also provided with support, so if you encounter any problems along the way you do not have to worry about calling your headquarters. If you decide to purchase the software you will receive a 20% forex trading bonus upon purchasing the software.
When comparing all of the different trading systems available today you are going to find that XM copy trading is probably the best one out there.
While the software is extremely solid, the team behind it has put in a lot of work to ensure that it is user friendly. This is why XM copies forex trades consistently and provides great service to its users. Forex trading is a very competitive industry and the best traders are usually the ones that have put in the most time to understand how their system works and what they should do to succeed. XM is clearly at the forefront of this market and they are clearly at the top of their game.