7 Things you need to know before you start being a Copy Trading Forex Trader:
1. How do the signal providers make their Money.
In most cases they get their commission even if the trade looses.
2. Know who you are following.
Always read reviews and ask questions of your signal provider.
3. You Need to Know about Forex Trading - Keep educating your self, never stop the more you know the better your chance of winning are.
4. Not all Copy Trading Platforms are the same.
5. Understand why and how your traders are making their decisions. This again comes back to education.
6. Read between the lines. This is where having a good set of criteria can help.
7. You can't just set it and forget it. You need to keep an eye on them and make sure they stick to their trading plan.
For more information on what you need to know about Copy Trading check out this great Article.
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