Copy-trading platforms have been around for more than 10 years now, and a multitude of similar products have come up since then. Many companies will offer their own and independent copy services as well. For instance, copy trading in FP Markets is carried out through the independent third-party MyFxBook automated trading platform. Other trading strategies can be executed through either the standard version or the premium version of the software NordFX copy trading. The use of Trading platforms in this manner will allow you to easily trade in the Foreign currency Markets on your own time. You can select what indicators or tools you wish to use and create your own unique trading strategy and view your market history. This means that you are free to leave your Trading account open, even if you do not trade. It will continue trading for you automatically at designated times and intervals, depending on the settings you have chosen. All you need to know is the performance of the markets you wish to trade in, and the economic calendar you want to view. An excellent feature of the Foreign Currency Solutions Limited copy trading platform is the trader toolbox. This is a set of automatic features that will alert you to significant economic events. It will alert you to changes in the markets as well as specific instruments, giving you the insight you need to make informed trades. These tools are very powerful, but they are not the only ways to trade in the Foreign exchange markets. You do not have to be a computer genius to trade, just as long as you have the right tools to trade. For instance, there are many trading platforms available, but none are quite like the one offered by FPCompact. One of the best selling products around is the copy trading app from this company. As you will be able to see from the product description below, it is very user friendly. Not only does it have a user-friendly interface, but it also has one of the best trading tools that is available on the market. One of the key features of this trading app is its support for multiple accounts. If you have more than one retail currency account, then you may want to consider this option. You can trade forex from multiple platforms if you have multiple trading accounts with different vendors, but not if you only have one account. This feature of the trading app could help you increase your profits and lower your losses. The trade forex app from FPCompact also provides support for a large range of trading instruments across several currencies. For instance, if you wanted to trade forex from the EUR/USD pair, then you would be able to do that from this program. In fact, there is even a special broker chart that allows you to compare the various pairs of currencies, in order to see their profitability and risk level. This is not all. One of the best things about using a copy trading app is that it gives you the ability to customize the strategy that you use with it. This means that you get to fully test any strategies that you come up with, and see if they work for you. It also comes with a risk management feature, which is something that most other strategy providers do not offer. So, if you are interested in a program that comes with a risk management feature but also has an advanced strategy flexibility, then this is probably the right one for you.
