Forex Copy Trading in Malaysia
What is Forex Copy Trading?
Forex Copy Trading helps both new and experienced traders to trade in the financial markets, by copying the trades executed by well experienced and seasoned traders with proven track records. This form of Forex trading offers a unique solution to the people who want to trade and invest money to make a profit; however, they lack the experience and time to trade by themselves. Forex Copy trading in Malaysia is quite popular among traders.
For the traders who don’t have enough time and experience to trade themselves, the Forex brokers offer the possibility of Forex copy trading. There are several Forex brokers and other platforms that provide Forex copy trading. Some of these Copy Trading platforms are manual, others are automated or semi-automated, and all these platforms offer different levels of controls for copy trading. Ultimately, the trader gets to trade with the flexibility of selecting risk, lot size, fund management, and strategy provider, or expert trader.
Open your Forex Copy Trading account in Malaysia
- Excellent collection of traders
- The stringent ranking system for traders
- You get the best traders to follow
- Built-in risk management tools
- No profit-sharing – fees adjusted in spread
- Select your own Forex broker
- Follow as many as traders you like
- FXTM Invest allows copy trading
- In house Copy trading and ranking system
- Low-performance fees
- Start Copy Trading with $100
- Best selection of strategy managers
- Negative balance protection
- Regulated in multiple jurisdictions
- Recommended for Forex Copy Trading in UAE
Why do traders like Copy Trading?
Forex Copy trading, Copy investing, or mirror trading has become very popular with investors worldwide because many traders are successful and were able to enhance their trading skills and profitability with minimal effort. Forex Copy trading enables novice investors to do just that. They need not know how to analyze the Forex markets or how to interpret forex signals or indicators.
The inexperienced traders are using other investors’ abilities to increase their own success rate. Also, Forex copy trading is used by experienced traders to learn new trading strategies from others and grow their success in the online trading market.
If you would like to start trading forex in Malaysia but do not have enough experience, or if you are a seasoned trader and want to gain insight into the analysis of others, using Forex copy trading in Malaysia could be an excellent place for you to begin.
The history of Copy Trading in Financial markets
To begin, we need to know that there are two main types of Forex traders in the market, those who attend seminars, prepare strategies, follow all market trends, and trade for their own, and enjoy ‘expert-trading-fees’ by allowing their trades to be copied by others.
The second type of traders wants to make money with as little input and effort as possible. For this type of traders, mirror trading or copy trading is an excellent opportunity. Keeping in view these traders, Forex Copy trading was created, and it has suited many as the perfect solution.
The growth of Copy Trading in the past five years has been exponential because many traders understand this system, and have a comforting feeling that they are trading along with the experts. FXTM Invest provides you an excellent collection of professional traders whom you can follow. These signal providers that are the best in the market and have years of the consistent result.
Forex Copy trading is not just for the inexperienced traders, a lot of well-experienced traders use copy trading to diversify their risk, and to learn other traders’ strategy.
What are the Advantages of Forex Copy Trading?
There are several advantages of Forex copy trading, and that’s the reason it has earned its place amongst traders:
- Allows first-time traders to trade confidently and learn by following the experts’ trades.
- Enables experienced traders to diversify their investment, and to take part in the market even when they are too busy.
- The traders who cannot invest the valuable time and research needed can invest in Forex Copy trading.
- Copy trading is available for various instruments, including forex trading pairs, stocks, and commodities like Gold, Silver, and Oil.
- It creates a community of traders, where the beginners and experienced traders can exchange ideas, strategies, and improve their trades together.
Open a copy trading account with FXTM Invest and join the success of experienced traders!
Who Provides the Copy Trading Signals?
FXTM Invest has a list of top quality sources for its copy trading. Another third part copy trading platform is ZuluTrade. ZuluTrade itself is not a brokerage firm; it only facilitates a copy trading platform and has a list of high performing traders for copying. You can use the ZuluTrade platform by opening an account with any of the compatible brokers.
This means that if you use Forex copy or mirror trading with ZuluTrade, you are essentially getting access to professional traders, allowing you to copy their trades and benefit from their experience.
Taking advantage of Copy trading can be highly lucrative. In fact, many social traders, new and experienced, have had the opportunity to gain direct access to the top traders on the platform and have multiplied their investment.
How to Successfully Copy Trade in your account?
There are a few steps that should be followed to be a successful copy Trader
Find the Right Broker –
Select a trusted and regulated broker with which the funds and client’s details are completely safe. FXTM is a regulated broker complying with several regulators in different countries.
If you want to trade with ZuluTrade, they have a list of excellent Forex brokers with whom you can register. Your funds are kept in segregated accounts within international banks when you trade with these regulated brokers. In addition, the more regulated the broker, the better. FXTM holds multiple regulations across 5 continents, which ensures extra security in your trading.
How to select a suitable account?
ZuluTrade is an automated copy trading platform. You can use this platform with several regulated Forex brokers for copy trading. There was a list of 27 regulated brokers listed on the ZuluTrade platform with new brokers added from time to time.
ZuluTrade, copy trading platform, is available to all traders in Malaysia who wish to take part in automated trading.
Pick your Signal Providers
After opening an account with ZuluTrade and linking your broker to it by providing broker details, the account becomes active. You can now find a list of signal providers, from which the trader can choose the best one for them.
When trading with ZuluTrade, the following guidelines are essential to remember. During each step, choose carefully from a large variety of options – there are many brokers, multiple platforms, and several signal providers. It is essential to narrow down your choices to the ones that are suitable for your investment and your country’s regulation. Select the right trader to follow, allocate the fund, fine-tune the risk management features before start following the traders. ZuluTrade is an advanced trading platform offering the highest level of safety and fund management features compared to any other platform.
Copy Trading with FXTM Invest
FXTM offers you the Copy trading feature through the FXTM Invest feature, where you can find a list of exceptionally well-performing traders to follow.
The combination of FXTM’s global reputation with the best signal providers, FXTM Invest, gives traders access to Copy trading through a safe platform and access to the most excellent traders in the industry. Open your copy trading account with FXTM Invest today and enjoy the benefits of hassle-free Forex Copy trading in Malaysia.
Another approach towards Forex trading is Managed Forex Account in Malaysia. In a managed Forex Account, you just invest and check your account every month of profit or loss. The professional traders with proven track record manage your account.