5 New, high-potential Link-2-Success Accounts added to the Link-2-Success trade copy service. Alex from Expert4x explains the trade copy "Link to Success" service, which connects successful traders using sender robots with copy traders using receiver robots. This service offers a way to generate passive income through automated copy trading. Learn how to select profitable accounts by analysing various metrics and implementing effective risk management. 📈
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Account Selection webpage: https://forextrading-alerts.com/the-key-skill-of-selecting-accounts-to-follow/
Summary
In this video, Alex from Expert Forex delves into the methodology of selecting high-quality traders to follow within the “Link to Success” copy trading service. The service operates with two types of users: successful traders who execute trades using sender robots, and copy traders who utilize receiver robots to mirror these trades. The main challenge addressed is how copy traders can effectively identify and choose the best traders to follow to maximize their returns while minimizing risk. Alex introduces a structured approach to trader selection, which he has encapsulated into a mini-course available on his website. This process includes three key phases: creating a shortlist of potential traders, conducting performance checks, and performing safety inspections to evaluate risks.
Alex emphasises the importance of consistency over spectacular returns, illustrating this through a favoured trader account that yields a modest but steady 4.7% monthly return with a smooth equity curve and minimal drawdowns. This contrasts with more volatile traders who promise higher returns but carry greater risk. Alex shares his personal trading strategy of using a $50,000 account to follow this trader, scaling up position sizes proportionally and even doubling risk based on his confidence in the trader’s consistency.
He further explores a group of similar accounts managed by the same trader, all exhibiting steady growth between 4% and 7% monthly returns and smooth equity curves. These accounts trade various currency pairs, each with slightly different risk and return profiles. However, a critical consideration Alex highlights is the impact of overnight charges, especially since some of these accounts hold trades for multiple days, which can erode profits significantly depending on the broker’s fee structure. He advises testing with small “sent” accounts initially to gauge the actual cost impact before committing larger funds.
Alex concludes by encouraging viewers to explore his new educational page on selecting copy trading accounts and to consider the highlighted accounts for their trading portfolios. He issues a standard disclaimer about the risks of forex trading, emphasizing that past performance is not indicative of future results and that trading involves significant risk of capital loss.
Highlights
[00:10] 🔍 Introduction to the “Link to Success” copy trading service and the roles of sender and receiver robots.
[01:10] 🎓 Presentation of a mini-course on how to pick the best copy trading accounts, including a three-phase process (shortlisting, performance check, safety inspection).
[02:10] 📈 Example of a favored trader with steady 4.7% monthly returns and smooth equity growth despite modest returns.
[04:00] 💰 Explanation of scaling trades based on account size and personal risk management strategies.
[05:30] 🔎 Exploration of multiple accounts with similar profiles offering steady returns between 4-7% monthly over long periods.
[11:00] ⚠️ Discussion on the impact of overnight charges on longer trade durations and how this affects net profitability.
[14:40] 📢 Final recommendations to monitor overnight charges, use small test accounts, and check the educational page for guidance on trader selection.
#TradingRobots #Expert4x #Forextrading
Please Note: This video promotes Expert4x products and services. This video is designed solely to provide ideas, entertainment, and education and does not constitute investment advice. It is not intended to be a substitute for professional investment advice. Before making an investment or financial decision, contact your financial adviser. Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex and Financial instruments market, there is no guarantee that any information gained in this video or any Expert4x products purchased will produce favourable results and must be used at your own risk.
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