How to replicate a binary options broker
The reason is simple; it defeats the purpose of diversification. Take control of your trading and be successful. These allow traders to copy an entire fund — the fund might be made up of assets, or indeed of traders who trade certain assets. Many traders can show a profit over a short period, but those that show consistent profit over the long term offer a safer investment, but perhaps a lower gain. Especially if you approach it with the wrong frame of mind.
The same idea applies here. As the biggest social network, they have the largest number of active traders. The first line of defence is picking the best platform. These allow traders to copy an entire fund — the fund might be made up of assets, or indeed of traders who trade certain assets.
My suggestion is for a copy portfolio to look something like this. There are dozens of available platforms, many of them little more than gimmicks to attract traders. When looking for a trader to follow build a list of possibilities for each asset. Copy trading is actually potentially one of the riskiest things you can do with binary options. Below is a video explaining the concept:.
Take control of your trading and be successful. There are risk management tools that can be put in place — for example limiting total losses, or the number of losses in a row. The last filter is an important consideration.
Copy trading is OK. This way you are diversified in two ways. When this happens its time to rotate them out of your portfolio and rotate in a fresh trader.