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Copy Trading ICMarkets: Advantages and Disadvantages

Copy Trading is a form of investment in the financial sector that is gradually becoming popular and is of interest to many traders today. In the cryptocurrency trading market, ICMarkets is one of the leading Forex exchanges with copy trading tools. This article by Learn Forex Trading will provide you with the necessary information about the operating mechanism, advantages, and disadvantages of  Copy trading ICMarkets. And tips to help investors copy trade ICMarkets more smoothly.

Explain about Copy Trading ICMarkets.

Copy Trading on ICMarkets is a form of trading that allows users to automatically copy the trading positions of professional investors (Leaders) based on the use of available copy trading platforms. ICMarkets Global provides customers with a great and extremely convenient trading environment for copy trading through the cTrader Copy platform.

Copy trading on ICMarkets is very simple, and suitable for all traders
Copy trading on ICMarkets is very simple, and suitable for all traders

Subjects using Copy Trade ICMarkets

Copy Trading ICMarkets meets the trading needs of many different audiences. Including beginner investors and professional investors.

  • For traders new to ICMarkets copy trade:

New traders starting to participate in the financial market. Don’t have much experience in trading and want to learn from professional investors. Then you can take advantage of copy trading tools to copy transactions and better understand how the market works. This method helps new investors gain more knowledge about the market and minimize risks when trading.

  • For experienced traders:

Traders who have trading experience and want to diversify their investment funds. Traders who do not have enough time to monitor the market regularly can take advantage of ICMarkets’ copy trading to copy signals from professional Leaders.

The operational mechanism of Copy trading on ICMarkets

Copy Trading ICMarkets has a fairly simple operating mechanism. Traders just need to choose a professional Leader to copy trades. When the Leader makes a transaction on the exchange. The ICMarkets system will automatically copy those transactions to the investor’s account at the selected rate.

Benefits of copy trading on ICMarkets

Using copy trading on ICMarkets brings many advantages in trading for investors. May be mentioned as:

  • Save trading time: When using copy trading, investors do not need to make all decisions manually or monitor the market constantly. Thanks to that, you can save a lot of time and effort when trading on ICMarkets.
  • Easy access to the market: With Copy Trading ICMarkets. New investors can also access the financial market. And participate in trading conveniently by copying orders from the Leader.
  • Diversifying investment funds: Copy trading allows investors to diversify investment funds. By copying trades from many different Leaders. Without spending too much time researching the market.

ICMarkets copy trading brings profit without much experience
ICMarkets copy trading brings profit without much experience

For experienced traders

Copy trading on ICMarkets brings several significant benefits for experienced investors. Typically: being able to share your successful transactions and receive commissions from becoming a Leader, building a reputation in the community, and attracting a large number of followers.

For new traders who know about ICMarkets Copy Trading

For traders new to trading and using Copy Trading. The first necessary thing is to clearly understand how the system works. And choose a suitable Leader with a stable and reliable trading history. Avoid copying from too many Leaders at the same time. Besides, users should also take the time to learn. To have a better overview of the market situation before starting to copy trades.

>>>See more: ICMarkets register on your phone is the fastest

Some disadvantages of Copy Trading ICMarkets

Besides the convenience of using copy trading on ICMarkets. Traders also need to identify some disadvantages of this form.

Leaders also have the risk of making wrong predictions 

One of the disadvantages of copy trading is the leader’s wrong prediction. It can affect all traders who use copying, causing damage and losses to investment funds.

Copy Trade ICMarkets cannot view Stoploss

When copying trading orders from a Leader. Investors cannot adjust to stop loss and take profit settings. That can increase the risk during trading.

It is easy to encounter cases of “chicken driving” by financial companies

Some risks may occur when traders copy trading from unreliable exchanges. Being defrauded by financial companies through creating fake Leaders to entice investors to copy and profit illegally.

Tips help ICMarkets copy trading smoothly

To have a convenient Copy Trading ICMarkets experience and trade effectively on ICMarkets, investors need to note the following points:

Calculate the investment spread

Determining the amount and percentage of investment capital is extremely important. Traders need to calculate the investment return when copying the Leader’s orders based on their personal profit goals and acceptable risk level.

Choose Leader before copy trading ICMarkets

Before Copy Trading ICMarkets. Investors should also take the time to carefully research the trading history, performance, and strategies of Leaders before choosing to copy to ensure the desired results and limit risks.  

Use ICMarkets VPS for uninterrupted trading

ICMarkets VPS service, popular trading platforms such as MT4 and MT5 ICMarkets have been integrated. At the same time, ICMarkets VPS is also located at Equinix data centers. To cross-connect to their trading server. Thanks to that, customers can make transactions even if any unexpected incidents occur. For example, in cases of power outages, power outages, unstable internet connections, etc. 

Instructions for copy trading on ICMarkets with simple steps

To copy trades accurately and efficiently. Investors need to learn how to use the Copy Trading ICMarkets platform.

Steps to perform cTrader copy ICMarkets

Step 1: Log in to your ICMarkets account, then go to the trading tool, and continue to click “Platforms”. Scroll down to find the “Ctrader” platform to download to your computer.

Download cTrader
Download cTrader

Step 2: Click “Copy” in the menu bar on the left side of the screen.

How to copy trades
How to copy trades

Step 3: Here appear many trading strategies with talented experts. You can view the information carefully. When you choose a suitable trading strategy, click “Start Copying”.

Copy trades where you see high-profit potential
Copy trades where you see high-profit potential

So with just 3 simple steps, you can copy the expert’s transaction you want. Now we just need to wait to profit.

Epilogue

In general, copy trading brings many benefits to all investors. The financial market always has potential risks and disadvantages. Therefore, investors should carefully research and understand the operating mechanism of the system. At the same time, choose a Leader who is trustworthy and suitable for your investment goals. From there, you can achieve the highest efficiency when Copy Trading ICMarkets on the Learn Forex Trading exchange.

>>>See more: ICMarkets: A leading trading platform for the financial markets

Some frequently asked questions

Our shared article above has answered many users’ questions about copying transactions on ICMarkets. However, there are still some new investors who still do not understand this method of copy trading. Below, Learn Forex Trading offers some frequently asked questions, hoping to be able to assist you somewhat.

What is Copy Trading ICMarkets?

This is the act of traders copying trades from experts. With this service, investors can profit by copying the trades of professional trading strategy providers.

What is the good Drawdown ratio in copy trading on ICMarkets?

The Drawdown ratio when copy trading is as small as possible, no more than 20% is the ideal ratio. If the Drawdown level is too large, your trading strategy may not be safe and it is easy to lose your account at any time.

Are there any disadvantages to Copy Trading on ICMarkets?

Perhaps the biggest drawback in Copy Trading on ICMarkets. That is, you cannot see whether the strategy uses Stop Loss or not. So remember to set a stop loss when copying any strategy.

 
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