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December 19, 2017

Question:Is FX Copy Trading really successful all the time? What are the demerits of the service?

Answer:

Although copy trading has its advantages, there are factors to consider.

  1. Don’t leap in too soon. You should know some of the fundamentals about Forex trading before you begin. So read blogs, guides and articles and watch as many videos as you can consume to get familiar with currency trading.
  2. Remember, Signal Providers are not pre-screened for their experience and capacity to take risk. So only follow them if you are comfortable with their strategy and can stay within your own trading rules.
  3. Although copying successful traders can be rewarding, you can lose money. Never trade more than you can afford to lose.

There are many rules and conditions investors should know about. For more information, you may visit the official website of ZuluTrade.

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