New Delhi [India], January 17 (ANI/NewsVoir): OctaFX Copytrading is a popular service that allows its customers to profit by copying orders from professional traders, also known as Master Traders.
The service recently introduced major changes to its copying settings - users can now copy the Master Traders' orders in equal, double, triple, or any other desired volume.
The new year means new beginnings. Global broker OctaFX decided to jumpstart 2022 by updating some crucial settings of its Copytrading service.
OctaFX Copytrading is a top-rated service among the company's clients. There are two great reasons for its popularity. First, you can easily access the service through theWondering how it works? The clients, known as copiers, choose professional traders to copy orders from them. Whenever a Master Trader opens an order, the same order opens in a copier's account automatically. This way, a copier can simply trust a Master Trader's expertise and profit with minimum effort.
Recently OctaFX Copytrading has been working on making the subscription process to Master Traders more transparent for the copiers. They updated the parameters a copier can set when subscribing to a professional trader.
Firstly, a copier can choose to copy a Master Trader's orders in equal (x1), double (x2), triple (x3), or any other volume. Upon selecting a copying mode, a copier will see the investment required to start copying this Master Trader in this mode.
Another new feature for the Copiers is the support funds. Copiers can choose to add support funds to protect their investments from unexpected market movements. This amount will only be used to support the trading strategy when the market fluctuates.
The required investment for each Master Trader is calculated automatically. An algorithm calculates this optimal amount from a pro's trading history. This way, copiers can choose Master Traders based on how much they are ready to invest. It comes down to the most significant of the service's recent improvements.
Traders utilise various trading strategies that involve different investment minimums for the Copiers. In theIn 2021, the TradeForexSA magazine, a prominent South African guide to Forex trading, named OctaFX the Best Forex Copytrading Platform. As it can be seen from the company's performance, this and other awards only inspired its' developers to work harder and deliver the best trading experience for their customers. We will probably hear of more improvements soon.
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