Among many of the tools and strategies you will discover through the FXPN trading platform, the social trading network may be a tool to get acquainted with. Copy trading is very common amongst investors because it allows traders on the active markets to mimic the actions done by other, usually more experienced traders.
Social trading is fully integrated into our platform and offers access to the live trades of other investors allowing you to copy the positions opened and managed by these traders, with the option to disconnect copied trades and manage them individually.
Some consider copy trading to be an effective approach for new traders because it allows you to pay close attention to what established traders have been doing whilst requiring minimal effort from your side.*
The copy trading tool works quite passively and can be a great way to manage risk more effectively while still staying ahead of market trends!
* Past performance is not an indication of future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision.
To automatically copy all of a trader’s trades (mirror trading), click on the “copy” button on their profile page. Two mirroring trading methods are available:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read LFS’s Risk Warnings and Disclosures.