The number of copy traders (followers) earning a net profit in the third quarter this year on FOLLOWME has increased by nearly 9 percentage points compared to the first half of the year, reaching 48.4%. This also represents the highest profit–to-loss ratio among the three types of traders: copy traders, traders (signal providers) and individual traders.
Among traders, profitable accounts accounted for 31.1% while the loss-making accounts accounted for 68.9%. Compared with the first half of the year, the ratio of profitable accounts has increased by nearly 10%.
On the other hand, under the independent traders’ category, the profitable accounts accounted for only 25.1%, which was significantly lower than traders. In the third quarter of 2020, the total number of trading orders in the FOLLOWME community was approximately 4.83 million, an increase of 18.6% from the second quarter.
KEY TAKEAWAY: With the on-going volatile environment, we highly recommend individual traders out there to have a risk management strategy in place and also make use of our COPYTRADE feature to enjoy a fruitful trading experience with the experienced traders and other copy traders.
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