The right way to choose a good Trader is to pay attention to the parameters. Check each of the parameters for a certain period, from one week to one year. You can easily find them in a Trader’s profile by clicking on the particular Trader.
The most important parameters that you should pay attention to are following:
- Activity parameter shows how many trades were made for a certain period. The best advice is to copy the Traders with a minimum Activity of more than 60% for one week.
- The Return Rate is one of the most important metrics. It’s a complex parameter of a Trader’s return in a particular period, demonstrating the relation of the Trader’s profit to its deposit: the higher the Trader’s Return Rate, the more your chances of getting a profit when copying him/her.
- The Risk level is a percentage ratio of the funds used in trading to the trader’s funds. The higher the Risk level, the greater probability of having both a significant loss and large profit.
- An equally important parameter that allows estimating the Trader’s reliability is the Account lifetime. Basically, the longer a Trader keeps his/her account published for copying, the more statistics are collected about the trading. Thus, you can find more information about the Trader to assess the risk and minimize losses.
For a more accurate selection of a Trader, we also provide various filters that allow you to filter out Traders that are not suitable for you in a couple of clicks. Upon using them, you can specify the minimum number of closed orders and active days, set the Activity and Risk Level, choose the country of the Trader, as well as select only PRO or only active Traders.
At last, please kindly note that the best strategy is to thoroughly check all the Trader parameters for different timeframes, copy several Traders at once and use Stop Loss and Take Profit options to minimize risks and get as much profit as possible.