Are you someone who wants to start or continue his or her trading journey but cannot find time to trade manually? Or someone who wants a higher chance in gaining profit without having the need to blindly take risks? Keep reading because in this article, I will share with you the best copy trading service in Fiverr and how it can answer your problem.
What is copy trading?
Many forex traders especially those who are just new in the industry get overwhelmed by the amount and nature of information they need to know in order to succeed in forex trading. Usually, beginner traders spend a lot of time educating themselves about the forex market and how it works or spend lot of money paying for mentoring services before they actually venture into formal trading. There are also traders, both beginners and professionals who find it hard to juggle a regular job, personal responsibilities, and trading altogether. Lastly, there are traders who just need the assurance that their investment will not go to waste.
These kind of traders are those who rely on the power of copy trading. Because of copy trading, they can skip the formal trading education and training; gain passive income without worrying about their schedule; and have a higher chance to gather wins instead of losses.
But what exactly is copy trading? Copy trading is a method which allows individuals in the financial markets to automatically copy positions opened and managed by another selected expert trader. It is considered legal in most countries, provided that the broker itself is properly regulated. However, it still largely depends on the jurisdiction in the country you are based in. Basically, the idea here is that you are replicating the way another trader does his or her trades. It is usually available in platforms and application but there are also private copy trading services in various platforms where actual traders negotiate with those who wants to avail their service.
How does copy trading work?
In most copy trading platforms and applications, copy trading works this way:
- You select a trader to follow and copy. Then, you allocate funds to follow a chosen trader which makes you an investor. In choosing a trader to follow, you can review their trading history and must consider the position sizes they usually open. Usually, their performance statistics, operating history, number of copiers, capital following a signal provider, and a risk score are indicated so investors can review them.
- Once your chosen trader opens a trade, the actions of this trader will be duplicated in your account as if you were also trading in the same way your model trader does.
- You can either gain profit or lose depending on the result of the trade your model trader did. If their positions grow, it will be the same for your case. But if they lose, it will also reflect in your account.
- Of course, you will be allowed to stop following a chosen model trader or make manual adjustments to the and take profit levels if desired. The important thing to remember is that even though copy trading seems to be an “easier” path to take, it is also a risk you may want to think about before deciding to follow such approach.
Avail now! The best forex copy trading service in Fiverr
While most of traders who favor the copy trading approach engage in copy trading directly via copy trading platforms and applications, there is also another option where you can hire personal copy traders who offer their services in various platforms like Fiverr. Fiverr is an online marketplace for freelance services where freelancers can offer their services to potential customers worldwide via what they call as “gigs”, and where customers can look for services to satisfy their needs. Many forex traders are also freelancers and they offer such service in Fiverr.
If you think that copy trading is for you and you want to look for the best forex copy trading service out there, then go ahead and visit Fiverr and look for fireghostwriter. He is a professional forex trader who first ventured into trading for extra income and eventually a working strategy and best practices which he wish to share to people who need help in successfully entering the market and consistently earning profit every month.
Why is this service worth the try?
In this gig, he commits to provide copy trading ideas and services for an affordable price so you will no longer have to juggle everything in your schedule because you already got him to take care of trading progress. Aside from trading signals and ideas, he will share with you his trading setup including entry price, take profit, and stop loss. You can avail his services starting from $10 for the basic package which includes a one-week copy trading service to $70 for the premium package for one-month worth of copy trading service.
Fireghostwriter’s gig is the best in the market not only because it is very affordable for a quality service but also because it is beginner-friendly. If you avail his service, you will surely be guided comprehensively and you can finally have the time and the opportunity to earn passively while enjoying your life.
Why copy trading may or may not be for you
Copy trading is for you if you qualify to the qualities of a potential copy trader I mentioned above: someone who cannot fit trading in his or her schedule; someone who wants to skip the formal trading education or doesn’t want to invest on a mentoring plan or course; and someone who simply needs an experienced trader as a guide to increase the chance of success. Copy trading is advantageous because it is time-saving, can serve as an educational experience, allows you to gain access on global markets, and enables opportunities to diversify.
Meanwhile, even if copy trading is a good option, it is also a risk which you should only be willing to take after once you are already aware of what you can lose. You have to know that “most copy trading platforms have no compensation model for traders or demanding conditions that pressure them for increased performance, leading to long-term losses” (guru99.com). Also, model traders who have good standing still do not guarantee you that they will have good outcomes consistently and that they will remain active in the market.
In choosing the copy trading broker or service of your choice, it is best if you will consider the following: commissions and fees, funding and withdrawal methods, customer support, comprehensive trading resources offered, and regulation.
If you believe that copy trading is for you, then go and give it a try! Revolutionize your trading journey with fireghostwriter’s copy trading service – the best forex copy trading service in Fiverr!
Let me know about your thoughts and questions by sharing them on the comment section below or by sending me a private message. If you are a beginner and is looking for the best forex trading app to start your trading journey, read about the best one in the market here.