#FollowTheLeadTrader
What to pay attention to during copy trading?
During copy trading, pay attention to several aspects that can determine the success of your investments.
First of all, choose the right broker regulated by recognized institutions, such as FCA or CySEC (5).
This will ensure the safety of your transactions and appropriate customer support.
Next, analyze the trading results of the given trader. It's not just about high profits, but about the stability of results over a longer period.
A good trader can maintain predictability of profits, even in difficult market conditions.
Check indicators such as the number of copying users and the history of results – this is a signal that the trader not only earns but also maintains good contact with investors and keeps them informed about their decisions.
An important aspect is also the risk. Brokers usually provide risk indicators that take into account asset volatility and the leverage used by the trader.
It is also a good idea to choose several traders with different strategies, which allows for portfolio diversification and risk reduction.