What is Mirror Trading: Automated Investment Strategies

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Find the top-performing strategy, then go through the steps to link your account to the specific trading algorithm. This can be in traditional markets, or in newer markets, like bitcoin trading. Once your account is activated, you can browse the different trading strategies available for you to mirror. The exact steps depend on the broker you go with, but you’ll be thrilled to know that the mirror trading process is surprisingly simple. In this article, we look at how you can profit from having access to the best-performing trading strategies. The concept of mirror trading was first introduced in the foreign exchange market in the early 2000s.


More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money. Another fraud case involving the term ‘mirror trading’ that is unlinked to the practice itself, is that of the firm Mirror Trading International . It should be noted that mirror trading itself is not a scam, but companies like this have given the strategy a bad name.

Make sure https://1investing.in/ easy to see a traders track record, and the platform offers all financial services you require. You can access more than 7,000 methods from the top traders and investors in the market with the free sample account. The drawback is that using MetaTrader to carry out your trading methods requires you to be online, unless of course you choose to use a forex VPS. By giving them access to tried-and-true strategies and tactics that seasoned traders have created and tested, mirror trading empowers inexperienced traders.

Mirror trading, an opportunity for criminals?

CFDs are an agreement between the trader and the broker to exchange the difference in the value of an asset between the open and close position. Essentially, it allows traders to profit from changes in an asset’s value without owning it. CFDs are heavily regulated in the US so American traders may have problems finding a broker that will offer them. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs.

You should consider whether you are fully aware of the risks involved and the high probability of losing your money. FXDirectDealer is a US Forex broker founded in 2002 in New York. The broker has always offered an innovative approach to trading and it’s well known for the customer care it provides. The customer support is offered in 13 languages with dedicated agents for every account holder. Mirror trading was a method first used in Forex, but now goes on in stocks, futures and options too.

They offer an ultra competitive spread through their Raw ECN account to ensure traders are getting the best possible deal on trades. NAGA Trading is a Fintech company that offers traditional financial markets, cryptocurrencies, and virtual goods. After a long and meticulous search for the perfect mirror trading platform, we discovered eight that truly deserve to be on this list. Past results do not always indicate future results – Many traders don’t know how to adjust their strategies when the market shifts from one extreme state to another. A strategy that was profitable in an upswing may no longer work for them during a market correction. Successful traders set themselves up with a plan, follow it, and then never lose focus.

Another type of mirror trading involves a bot, known as an Expert Advisor , that executes trades on your behalf based on algorithmic logic. When market data shows that a pattern or trend is forming, the EA will make the trade. Most platforms offer the opportunity to download an EA to your account.

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If the how to calculate a business operating monthly you selected isn’t producing the desired results, you can change it. The key to successful trading is to use as much information as possible to inform your trades. You also have many options when it comes to deposits, with all of them having no fees. The customer service team is responsive and helpful, so don’t be afraid to reach out to them if you have any questions. To make your trading experience a breeze, the UI is simple and easy to use, but comes with a range of sophisticated features. One example of this is the advanced algorithm that finds the best strategies for you to mirror.


Trality is an innovative platform that empowers traders of all levels to benefit from automated trading strategies with ease. In addition to the aforementioned method of mirror trading using exchange rate fluctuations, it is also possible to use the scheme in another manner. The capital market is then used to transfer money from one jurisdiction to another. In so doing, the parties involved are then concealed or partly concealed. This is especially important when monitoring cryptocurrencies. For example, ordinary stock markets tend to be open during limited hours and weekdays, and also have holidays.

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This typically takes the shape of an annual membership fee or a commission paid as a percentage on any profitable trades executed via your account. Successful traders establish a plan, adhere to it, and then maintain their focus. If you link your trading account to the appropriate trading tactics, mirror trading can be rewarding. You can discover who is already at the top and attach your account to their trading tactics rather than competing with other traders to get there.

Copy-trading allows copying positions of another trader, and lately, it has become more popular. There are many traders who create ‘People-Based’ portfolios to invest in other investors instead of trading themselves. This is an international ECN broker who is also very active, particularly in Asian and African markets. Naga is a copy trading platform that automatically copies your trade. It helps you to discover other investor’s stats on the leader board and select who to copy to get the highest profit in your trade.

PrimeXBT is a copy trading platform that allows traders of all experience levels; from experienced to novices alike. It helps Professional traders to monetize their skills by allowing others to copy their strategies. The legitimisation or justification stage attempts to provide the criminal proceeds a seemingly legal status. If the money is noticed, it then appears as if there is a legitimate explanation for it, for example by false papers such as invoices or loans or so-called casino profits. The possibilities are endless, which is also why it so difficult to trace money laundering schemes.

Should I Try Mirror Trading?

75% of retail investor accounts lose money when trading CFDs with this provider. User-friendly – Mirror trading is all about simplifying the trading process. It’s important that using the platform is easy to use; otherwise you may get frustrated and make incorrect decisions.

risk of losing

Our live streams are a great way to learn in a real-world environment, without the pressure and noise of trying to do it all yourself or listening to “Talking Heads” on social media or tv. Once you select the strategy you want, all the signals required to implement mirror trading will be implemented by your broker. In essence, you as the trader don’t have to do anything because your broker is handling the trades.

Does Mirror Trading Work?

Since 2007, ETX Capital has made publicly available on its platform a range of financial instruments, including mirror trading. This enables the trader to diversify their risk while maintaining trading control of their account. Personally, I do not think anything can beat taking time to learn how to trade forex manually by yourself.


However, as with any investment, there are risks involved, and it’s important to conduct due diligence and understand the potential benefits and risks before engaging in mirror trading. You have the option to trade on the currency markets from anywhere in the world thanks to AvaTrade. They provide a variety of trading alternatives, attractive spreads, and real-time streaming of market data. Both novice and experienced traders can use the platform because it offers a wide variety of trading platforms. MetaTrader 4, MetaTrader 5 and mobile trading apps are all options. The broker is authorized with all the regulatory bodies in these countries and operates under strict regulation.

You should take advantage of this by following the best strategy in each specific market. Based out of Greece, Zulu Trading offers copy trading services to its users around the world – even those residing inside America’s borders. The company offers a wide range of tools that can be used to help manage risk, with the goal being protecting investors from loss while also guaranteeing institutional grade liquidity.

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She spends her days working with hundreds of employees from non-profit and higher education organizations on their personal financial plans. “Copy trading vs. mirror trading, which should you be doing?”. Global Banking & Finance Review (FGF studies in small business and entrepreneurship ed.). Traders might be system developers, individual investors, or financial organizations.

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Creating an account is easy, and you can even do it with your mobile. Simply fund your brokerage account using a credit card or wire transfer, and then choose from one of the many trading strategies to put into play on any given day. If you do mirror trading, then by definition you are also a social trader.

Every trader will experience losses, but they should be minimised by following risk-management principles, like not risking more than 1% of your account on any single trade. While mirror investing is sometimes referred to as “copycat investing,” there are important distinctions between the two. Copycat investing attempts to duplicate the investing ideas of reputed investment managers, without the actual physical link between accounts. In the decade preceding the Russian mirror-trading scheme, Deutsche Bank was informed of substantial and widespread compliance concerns. The offsetting trades in this instance lacked economic purpose and could have been used to facilitate money laundering or other illegal activity.

  • Mirror trading determines all entries, exits and any amendments to the trade.
  • Money laundering means hiding and/or giving a seemingly legal status to an object gained through criminal means, so that it can be spent and invested in the upper world.
  • You should take advantage of this by following the best strategy in each specific market.
  • You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.
  • Make sure Bob really knows about investments and isn’t a wannabe trader who considers himself an expert because he regularly scans the business news and online investment portals.

And with some institutional investors projecting that Bitcoin may reach $1 million per coin, interest in crypto investing will continue to grow. This is especially true among the “do-it-yourself” investor crowd, particularly those experiencing FOMO. These are investors who make investment decisions by themselves, rather than consulting an investment professional. What helps drive these investors to seek their investment independence is the emergence of 0% commission trading options, such as mirror trading. Once you’ve finished this setup, your account will automatically duplicate or “mirror” the timing of the selected trading professional’s buying and selling activities. This is usually achieved through an algorithm that automatically processes trades in real time.

  • Users can use a demo account for copy trading to reduce the risks.
  • Mirror investing in equities could well be a fad that only appeals to a limited number of investors.
  • In fact, the Competition and Markets Authority said that they had “found troubling evidence of a thriving marketplace for fake and misleading online reviews”.
  • This typically takes the shape of an annual membership fee or a commission paid as a percentage on any profitable trades executed via your account.
  • No intervention is required by the client as all account activity is controlled by the platform.

Each day we have several live streamers showing you the ropes, and talking the community though the action. What we really care about is helping you, and seeing you succeed as a trader. We want the everyday person to get the kind of training in the stock market we would have wanted when we started out. People come here to learn, hang out, practice, trade stocks, and more. Our trade rooms are a great place to get live group mentoring and training.

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