IronFX, a globally recognised broker, is fully committed to innovation, offering its traders cutting-edge tools, features, and services. That is exactly why the broker offers its clients TradeCopier, a groundbreaking, seamless social trading platform. Social trading or copy trading allows traders to follow the strategies of top-performing market experts and replicate their trading activity automatically.
The “follower” can leverage the expert’s knowledge and experience if they are new to trading, and more experienced traders, who may not have the time to trade, can benefit from their trading being partially automated. For additional peace of mind, followers can set their maximum risk threshold, and if it is reached, their positions will automatically close.
The Benefit of Real-time Strategy Replication
Rapidly moving markets may present the most frequent opportunities, but minutes and seconds are crucial to seize them. TradeCopier minimises the chance of missing opportunities with a feature called Real-time Strategy Replication. As the name suggests, any trades performed by the Strategy Provider are automatically copied to their followers’ portfolios in real-time.
This also means followers are not subjected to unnecessary market exposure when using TradeCopier or miss potential returns because their position opened after the price action or trend reversed. This also ensures that positions the Strategy Provider opened to manage risk, such as a trade to hedge an already opened position, are performed dynamically and in immediate response to the latest market conditions.
Diversifying with TradeCopier
A diversified trading portfolio has multiple benefits. For example, certain assets or markets are inversely correlated. In simple terms, when one goes up, generally, the other goes down. A good example of this is the relationship between precious metals like gold and stocks (or indices). If gold’s price is going down, there is a very strong possibility indices are rising. Sometimes, when traders already have open gold positions, they might open equivalent index positions to counteract gold’s loss of value. This is also known as hedging.
If the trader sees this happening but does not have any open positions, they may choose to “sell” gold (meaning they expect it to go down) and “buy” indices (expecting them to rise in value) to take full advantage of their inverse correlation.
What if the trader in the example doesn’t know enough about metals and indices to comfortably trade either? They can simply find expert strategies for gold or indices and follow them.
Following but in Full Control
Although followers automatically copy their provider’s trades, IronFX gives its copy traders multiple tools to help them adjust their investment so that their market exposure is managed without inhibiting their targeted potential returns.
The TradeCopier platform also features an intuitive and user-friendly interface with robust features for experienced traders without being intimidating or unnecessarily complicated for new traders. Because even though they are following, that doesn’t mean traders shouldn’t have full control.
Putting Goals Within Reach with TradeCopier
IronFX always seeks to eliminate the barriers between the access professionals enjoy and the limited access retail traders have. That’s exactly why the well-known broker provides its clients with expert-level strategies and the ability to follow them in real time. All they have to do is sign up.
Experienced traders can take advantage of TradeCopier as well by becoming Strategy Providers. Successful providers can increase their earnings on positive trades further since they could potentially accrue an additional commission from their followers.
This standout broker continues to lead the industry with innovative, technologically driven trading solutions, like TradeCopier, giving their clients everything they need to stay competitive in today’s rapidly changing and evolving financial landscape.
About IronFX
IronFX is an internationally known broker that offers bespoke, innovative tools and services that meet the demands of its global clientele. Its concrete, multi-year reputation was built through excellence, reliability and innovation. These values contributed to the broker creating and offering an extraordinary trading experience for all traders, from the complete novice to the highly skilled market expert.
Learn more about TradeCopier and IronFX’s other powerful tools by visiting https://www.ironfx.com/