Mirror Trading

Mirror trading is a method that allows traders to copy a trading strategy from other traders and apply it to their own brokerage account.

Traders can choose strategies while meeting the personal preferences. The preferred risk tolerance and stop loss order can be customized. If a strategy has been selected, all purchases and sales which provides the strategy executed automatically on your own brokerage account. No action is required, since the account activity is controlled from the platform. Such a platform called Social Trading platform. These allow the exchange and interaction between traders.

Investors can run multiple strategies simultaneously. The flexibility to follow several strategies at the same time, it allows the trader to limit its risk, while he never loses control.

Mirror Trading is closely related to Copy Trading since both have the same goal in about. Worldwide, there are many providers for Copy Trading.

History

Mirror Trading is an evolution of automated trading or algorithmic trading. Automated trading has benefited in recent years from an exponential growth. This development has been accepted by a broad mass of customers, which has helped to establish new ways of forex trading.

Mirror trading is a form of forex trading, which makes it possible strategies of experienced Forex traders, " reflect " on its own portfolio to.

Mirror trading has certain differences from the program trading. Mirror trading is a concept which allows copying trades of other traders. These other traders can have various faces ( financial companies, individuals, brokers ).

Mirror Trading allows you to choose between different strategies. The trades are automatically deployed and running.