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Copytraders' Handbook

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Hi, welcome to the Followme Trading Community. Lets start your journey on trading here.

 

For most forex traders, at the beginning period of entering into the forex market, they would feel a sense of confusion at varying degrees. They might find it hard to read the market or do any analysis. Or, they might lose their profits due to a lack of professional knowledge. Despite all the rough time spent, they still know nothing of the rapidly changing market.

 

To tackle this problem and help our users avoid traps of the market, and to make things easier for those without any forex experience, we at Followme prepared the Following Function for users to subscribe. People who subscribe gain not only a professional trading strategy following service, but also a new name: Copytraders.

 

How to become a Copytrader#

 

Create your own Copytraders account at the Followme community and you can become a Copytrader on Followme.

 

Copytraders can subscribe to any strategy of any traders on the platform and enjoy a professional copy-trading strategy service. Also, you as a Copytrader can trade online by yourself. On our platform, Copytraders can communicate and interact with traders in-depth at any time, anywhere. This way, Copytraders can learn traderslatest updates, study trading knowledge and improve their trading skills.

 

How to follow#

 

Step one, open up a Copytraders account

 

Sign up and log in to your Followme account, and then click your profile on the top right corner and choose the click/bind your accountbutton. Specific steps as follows:

 

First: choose a broker, then identify yourself as a Copytrader, and fill in your personal information;

Second: Fill in the information required to open an account;

Third: Go to your brokers to open or bind your trading account;

Fourth: Link your account at the broker with your Followme account.

 

 

 

Copytraders'  Handbook

 

Create an account

 

Copytraders'  Handbook

 

Fill in information

 

Copytraders'  Handbook

 

Bind your broker account

 

Copytraders'  Handbook

 

Instruction of Copytraders account

  1. Followme supports multi-account system, which means Copytraders can open or bind multiple trading accounts of the brokers platform.
  2. After registering and opening an account at the brokers, the user will receive the trading account and its password sent by the broker. With the password, users can log in to the User Center and the trading platform.
  3. After successfully opened the account, Copytraders will have to follow the instructions of Followme and link the trading account with Followme. After that, Copytraders can choose to copy trade or trade on their own.
  4. Followme does not allow the number of traders that Copytraders subscribe. It is only subject to the Copytraders own bearing capacity.
  5. After setting the following strategy, the system will automatically copy the traders strategy. Trading orders will be synced to the brokers server and enter into the brokers settlement system without being affected by the accounts logging status.
  6. Copytraders can freely choose or adjust their subscribed trader, as well as modify the following strategy.
  7. If you forget your brokers account or password, please seek help from the brokers customer service.
  8. Risks for leverage fund of the trading account will be subject to different broker rules.

 

Step two: choose your trader(strategy)

 

Copytraders'  Handbook

 

Rankings of the strategy will be in accordance with the communitys data. Here, you can find more diversified trading strategies and pick a suitable trader for yourself.

 

Step three:  Subscribe a trader and copy trade

Set up your subscription :

  1. Choose the trader youd like to follow
  2. Set up following method, fixed lots or fixed ratio

For example, if you select fixed lots and set it at 0.1, then no matter how much the trader orders, you trade 0.1 lots. If you set a fixed proportion as 0.5, then when the trader trade 1 lot, you trade 0.5.

  1. Pay your subscription fee

Enter into the payment interface, select your subscription period and pay. (You can now choose from 7 daystrial, one month, three months and one year).

  1. Set risk control

Enter into the risk-control setting for following traders where you can personalize basic following settings, advanced settings for each symbol and when to stop following.  

Copytraders'  Handbook

Copytraders'  Handbook

Copytraders'  Handbook

Copytraders'  Handbook

 

Following lots instruction:

 

No matter how many lots the trader orders, when the capital allows, all the following trades will be conducted as the fixed lots set by the Copytrader. Different brokers may have different limitations on minimum opening lots. When the following lots are smaller than the minimum opening lots, the system will automatically set the trade at the minimum opening lots.

 

Multiple Account Management (MAM)

 

Followme has integrated industrial resources including professional investment firms, organization and top traders and built MAM which is a professional one-to-one service especially for the green hands with little experiences or users with capital management needs. See below for more details:

 

 

 

Copytraders'  Handbook

 

MAM products have six different risk levels: <1%; <5%; <7.5%; <10%; <12.5%; <15%. With different risk level, the rate of return varies too.

 

MAM products have multiple income distribution models and are the best choice for beginners.

Requirements for Copytraders to follow products:

  • There is an unoccupied MAM followers account (in other words, the accounts follows no MAM products right now);
  • Each account can only follow one product, but you can apply for multiple accounts to follow one or more products;
  • Your account balance must be bigger than the minimum participating capital requirement by the product;

 

About CopyTrade System#

 

CopyTrade System

 

The relationship between Copytraders and traders are established by CopyTrade System, a precise syncing copytrading system. After the trader places an order, the system will automatically copy the trade in accordance with the copyreaders following strategy and risk control settings.   

 

FollowGuard Risk Control System

  1. Order-loss risk alert

The Copytrading service offered by Followme allows copyreaders to subscribe to excellent traders and set up copytrading strategies. After the trader places an order, CopyTrade System will automatically follow the strategies set by Copytraders and place an order accordingly. Due to multiple reasons, such as servers network fluctuations; brokers data service instability; Copytradersrisk control settings; insufficient account balance or internal service failures, sometimes order-loss might happen. For this, Followme has a complete automatic exception monitoring and alarm processing system. We also have a professional risk control team on board 24h to tackle these problems asap.

  1. Copytrading risk control

FollowGuard Risk Control system is equipped with a complete automatic risk control strategy. The front end supports users to automatically closeout, and to personalize copy trading methods and protection methods in respects of following direction, symbol, holding orders, holding lots and period of copytrading. Meanwhile, the back end will automatically process abnormal trading status and provide an all-day all-round real-time monitoring so as to ensure account security.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

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