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What is mirror trading: What is Mirror trading


Past performance should not be viewed as an indicator of future results. Mirror trading allows traders or investors to mimic others by implementing the same trades that others do in the trader’s own account. Copy trading, on the other hand, is a simpler alternative that mainly enables you to follow a specific trader, by copying their open trades in your trading account. Just because they are similar, doesn’t mean that these terms can be used interchangeably. Profitable automated crypto trading is all about precision and we need to bring the same level of precision to the language of trading.

Mirror trading works as an automated process that duplicates the moves of the trader you follow in your own account. You can leave your emotions out.Mirror trading allows getting rid of emotions, one of the most significant problems for every beginner. Since mirror trading is automatic and not manual, you don’t have to worry about this. Easy for beginners.Newbie traders might avoid making mistakes by monitoring and following strategies of pro traders. Investors who want to copy the trader’s strategy allocate funds to the trader’s portfolio on the platform.

If you’re new to crypto investing, then a great way to gain exposure to the crypto market is through mirror trading. Investors can rent profitable bots tailored to specific risk tolerances and individual investment goals. A full suite of metrics is available, allowing investors to decide on a bot based on clear, quantifiable data.

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However, this does have the potential for downsides since it may increase the likelihood of making bad choices and suffering financial losses. It is essential to remember that mirrored transactions will include not only positive trades, but also prospective trades that have a chance of hitting losses. With the development of financial instruments and digital tools, mirror trading gradually entered the portfolios of companies. The rise of the digital age has many pros and cons to it, but one thing is for sure – it has made our lives easier.

Analyzing the data points utilized to generate the transaction is how mirror trading can function. Using this method can help remove the element of emotion from the decision-making process. Lack of emotional self-control is a primary factor contributing to many people’s failure to establish successful trading careers. Mirror trading is a trading selection methodology that can be carried out in both the foreign exchange and the stock markets; however, this is much more common in trading in the foreign exchange market. When trading currency pairs, a forex signal system creates a buy or sell decision based on technical analysis, charting tools, or news events. Having found the one or several, you can sit back and relax a little.

Negative Aspects of Mirror Trading

Keep an eye on the fees being charged by the mirror trading platform, ensuring that they are transparent and reasonable. Although we’ve hinted at some of the benefits and drawbacks of mirror trading in our overview, let’s look a little more closely at some specific points. As with every trading strategy, there are strengths and limitations of which every trader should be aware. In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte.

Find out which account type suits your trading style and create account in under 5 minutes. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. In the decade preceding the Russian mirror-trading scheme, Deutsche Bank was informed of substantial and widespread compliance concerns.

As suggested, mirror trading and copy trading are two popular trading strategies, which entail following and replicating the trades of other traders. Both fall under the umbrella of social trading, but there are some important distinctions to be made. In fact, it’s often easier to define mirror trading in conjunction with copy trading rather than in isolation. With mirror trade, you choose the expert trader whose orders you want to replicate.

Final Thoughts on Crypto Mirror Trading

No intervention is required by the client as all the account activity is controlled by the platform. As with any service, crypto mirror trading platforms usually charge a fee, which can be either a percentage of the profits generated by the portfolio or a flat fee. None of the blogs or other sources of information is to be considered as constituting a track record.

84% of retail investor accounts lose money when trading CFDs with this provider. Since 2007, ETX Capital has made publicly available on its platform a range of financial instruments, including mirror trading. This enables the trader to diversify their risk while maintaining trading control of their account. Mirror trading has become a more acceptable alternative for traders and investors to consider as information and transparency tools have increased in quality.


Mirror trading is a method that involves the automated trading of assets based on algorithmic strategies rather than individual trades, as is the case with copy trading. Key metrics used when selecting bots for the Marketplace include risk-adjusted return, minimum trading activity, and time under water. And since the crypto market is a volatile one, all bots are backtested in different market conditions such as bull, bear and sideways market regimes to ensure consistent returns. It’s this uncompromising commitment to a transparent bot evaluation process that distinguishes Trality’s Marketplace from generic, black-box alternatives.

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You should only trade in these products if you fully understand the risks involved and can afford to incur losses that will not adversely affect your lifestyle. All types of investments are risky and investors may suffer losses. Past performance of investment products does not guarantee future results.

Before accepting a new strategy, a broker may require it to have a 12-month track record of profitability and a certain maximum drawdown limit. Mirror trading is a type of trade selection most often used in foreign exchange markets. It is a method that enables investors to mimic the trades of seasoned forex investors and then execute identical transactions in their own accounts.

Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. The mirror trading method allows traders in financial markets to select a trading strategy and to automatically “mirror” the trades executed by the selected strategies in the trader’s brokerage account. It is incumbent on investors to be aware of the regulatory landscape in their jurisdiction and to ensure that the mirror trading platform being used is compliant with applicable laws and regulations. Additionally, mirror trading platforms may have their own terms and conditions that investors must agree to before using their services. These terms may include limitations on the types of traders that can be copied, restrictions on the amount of funds that can be allocated to a single trader, and other conditions.

Click the ‘Open account’button on our website and proceed to the Personal Area. Once you are done with all the checks, go to the preferred trading platform, and start trading. When choosing a mirror trading platform, there are several factors that you should bear in mind. In 2017, Deutsche Bank, the largest bank in Germany was caught in a web of illegal “mirror” trades that moved money out of Russia. A client would ask the Moscow branch of the bank to buy blue-chip stocks using roubles, while another would tell the London branch to sell the same blue-chip stocks at the same size and price for dollars.

Many brokerage accounts offer access to mirror trading, which can be selected based on personal trading preferences and tailored approaches. Trading signals are delivered and executed automatically with both exit and entry points across many commonly traded currency pairs. Mirror trading is popular for its hands-off approach by investors who do not need to intervene at all to execute even complex trading strategies. Furthermore, clients can also engage in multiple strategies simultaneously, which makes this a particular draw. Such methods are helpful in diversifying a trader’s portfolio, while also managing the level of risk.Mirror trading differs notably from copy trading. For example, in copy trading, traders directly copy the moves of individual traders.

You can skip this step if you have 100% faith in your broker, but it is always recommended to double-check. This will ensure that you not only understand how the broker is operating but also pinpoint if something does not look right. Beginners do not have to delay their entry into the trading world due to lack of knowledge anymore, as Mirror Trading takes away the pain of heavy research and learning trading techniques. Instead, beginners can start with Mirror Trading and learn about the market side-by-side to shift from automatic to manual trading later, if needed. This also helps them feel more secure about investing their funds for the first time in a new market.

Emotions like greed, fear of missing out, or euphoria do not manipulate your decisions, making trades more practical and successful. Register a trading account on a mirror trading platform – it can be either a specialized platform or a crypto to fiat exchange platform that offers this type of trading among other features and services. Margin trading involves interest charges and heightened risks, including the potential to lose more than invested funds or the need to deposit additional collateral.

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