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6. How to start copying

Ready to copytrade?

Here’s how to start copying..

 

Step 1: Click “SET UP COPYING” for the master trader you want to copy

 

 

Step 2: Choose your copy settings

2 types of copytrade settings

Equal x1

If you copy equally, you will copy EXACTLY as the master trades. 

For example, if the master is using an equity of 100USD

And makes 10USD profit per day with a lot size of 0.01

You will make the same amount of profit with the same lot size. 

It does not matter how big or small your equity is compared to the masters. You will copy the masters trades exactly how they are.

To copy equally,  first look at the masters equity and minimum investment.

Which amount is bigger?

If minimum investment is bigger, your equity to copy should be the same or bigger than the minimum investment.

If the masters equity is bigger, your equity to copy should be the same or bigger than the masters equity.

✓ You can click “Add support funds” to make sure that your total investment is the same or bigger than the equity or minimum investment of the master trader

✓ Double check your total investment here to make sure it is the same or bigger than the equity/minimum investment

 


 

Double x2, Triple x3, and Custom

With these settings you can make double, triple or even 10x the amount of profit that the master trader makes

If you copy x2, you will copy x2 as the master trades. 

For example, if the master is using an equity of 100USD

And makes 10USD profit per day with a lot size of 0.01

You will make the x2 the amount of profit. 

This means that you will open a lot size of 0.02 and earn a profit of 20USD

Imagine if you copy 10x?

When the master opens a trade with 0.01 lot size and earns 10USD profit..

You will open a trade with 0.1 lot size and earn 100USD profit!

How to copy with 2x, 3x and even 10x to multiply your profits

To multiply your profits, you must also multiple the equity that you are using to copy

To copy double x2,  first look at the masters equity and minimum investment.

✓ Which amount is bigger?

✓ If minimum investment is bigger, your equity to copy should be AT LEAST x 2 bigger than the masters minimum investmen

✓ If the masters equity is bigger, your equity to copy should be AT LEAST x2 bigger than the masters equity

 It is the same as copying equally, you just need to multiply the equity that you are using to copy proportionally

✓ If you are copying x2, multiple your equity x2.  If you are copying x3, multiple your equity x3.  If you are copying x10, multiple your equity x10. 


REMEMBER

When you multiple profits, you also multiply your loss.

Ask yourself if you are ok with losing x2, x3 or x10? 

If you are willing to take the risk and you are confident with the master trader, then you can start multiplying your profit.

 

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