Beginner's guide to copykat
Beginner traders can sometimes struggle during their first steps in the trading world. Because it is mainly due to lack of experience, brokers, like CM Trading, have decided to allow clients who open a trading account, to access a unique trading platform where beginner and professional traders come together in a single community. By entering the CM Trading Copykat, each user is able to watch, learn and possibly copy the system's most successful traders. Users can decide what strategies they want and which ones they don't after the careful selection of the best ones.
Here are 4 easy steps to access the CM Trading Copykat:
- 1. Open an account with CM Trading.
- 2. Log on to CM Trading Sirix Webtrader with a simple click, choose a nickname and an avatar that will make you recognizable within the community.
- 3. Choose the most successful traders from the top 100 list.
- 4. Follow or copy their trades with customizable amounts.
Entering the world of CM Trading Copykat is simple and also offers numerous benefits to its members:
- 1. Directly observe how successful traders operate. This is very useful because you will be able to understand their way of trading, their strategies and moves and by that not only copy them but also gain highly important information about trading strategies. The best thing about it is that it's free and available 24 hours a day.
- 2. Copy trader's most successful strategies. This is the core of Copykat. CM Trading's customers can also set their accounts to "copy paste" mode and copy their chosen trader's most successful moves.
- 3. You decide how much capital to invest. The user is not obliged to use the same amount used by the trader he is following. Traders can invest much smaller amounts and still be able to copy the top traders' moves.
This quick guide to Copykat is especially useful to those who are interested to approach the world of trading with the desire to learn from more experienced traders. CM Trading Copykat provides such opportunity through an integrated trading platform in the financial community. In order to follow or copy professional traders for free, you only need to open an account with CM Trading and you're done!
Click here for an explanation of
how to join the CopyKat community and how to find traders to Copy and Watch.
Risk Warning - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
Past performance is not indicative of future results.
Any trades on the Sirix CopyKat trader are the responsibility of the client alone. A decision to copy a certain trader is that of the client alone. CM Trading is not responsible in any way for the success or lack thereof of a trader a client decides to copy.