Copy trading in the test - high commissions with just a few clicks?
With a free demo account, a copy trade provider can be put through its paces without having to fear high losses right away. And a detailed test is absolutely necessary, after all, real money should be invested profitably.
1. usability / clarity of the site
Structure of the site
All information can be found quickly
Seems overloaded or clear
Missing areas/information
2. transparency
Usability is followed by the comprehensible presentation of all relevant information. This is because investment decisions can only be made on a sound basis of information. This includes:
Fees
Bonus programmes
Comprehensive charts on price developments
Observation of trades in real time
Subsidiary, regulation, deposit protection
3. general costs
Follow, trading, payout etc.
Performance fee
4. traders offered
Comprehensive profiles with vita
Awards and experience
All profits and losses for the last 12 months or more
Grading system
5. automation and filtering options
Fully automated, semi-automated or manual
Filtering options e.g. by markets, risk appetite, included products
6. education and training offers
Demo account, instructions, explanations, webinars, e-books
7. community
Active exchange between traders possible? (e.g. in a forum or similar)
Do top traders disclose their strategies completely?
Direct communication with top traders, e.g. asking questions or chatting
8. support
Possibilities offered (telephone, e-mail, chat) and languages
Costs, e.g. for telephone
Average response time
Summary
The idea itself holds a lot of potential for those interested in trading without much previous experience. Without much work, successful traders can simply be picked and copied. The effort for successful trading is thus theoretically minimised and the risk of loss is contained thanks to a broad diversification.
In reality, however, the copy trading system in https://exnesslatam.com/calendario-economico/ is quite expensive and involves a much higher risk than ETFs, for example. This is also reflected in the fact that only very few traders achieve long-term returns. Moreover, a certain amount of effort is required to find suitable traders in the first place.
Selected top traders must always be checked and, if necessary, recompiled. This is especially necessary because no long-term investments are made with copy trading. Not an easy task for laymen.
Since the market changes every day, the strategies must also be adapted at any time. Those who rely too much on the signal providers can lose their entire investment, even with a diversified portfolio.
Copy trading therefore requires a certain amount of prior knowledge and can only be operated profitably through continuous learning processes and market observations.
