There are many different factors that can affect the stability of a financial market, and it’s important as a trader to be able to properly digest and evaluate all the information you are being fed and avoid any unnecessary noise from outside influences.

Global markets are continuously fluctuating, and the forex market is not immune to episodes of volatility. What’s important to remember is that for all markets, there are ups and downs, and that stability will inevitably return to the market. As a trader it's important to learn the tools that will allow you to not only survive but thrive during times of volatility.

As a trader it’s important to have a plan in place to shield yourself from potential risks and ensure that your assets are safe during times of rapid price fluctuation. In this article, we’ve gathered together our expert traders at DupliTrade to compile a list of Do’s and Don’ts, to safely and effectively guide your trading during these times of instability:

Don’t Panic

When involved in trading Forex, especially during times of volatility it’s crucial that you remain calm. Keeping your cool can mean the difference between an immense profit or loss. You must realize that in the event of a sudden price fluctuation, that you should stick to your original trading strategy. Evaluate your next move, as it could determine the future of your entire portfolio. Because panic is tied so closely to the emotional portion of your psyche, you may want to consider integrating an automated trading platform into your strategy, allowing you to completely remove the element of emotion.

Integrating automated trading into your strategy through the DupliTrade platform, will effectively allow you to copy the trades of our highly experienced and vetted traders. During periods of high volatility, automated trading can act as a safety net, providing you with a feeling of assurance knowing that the decisions have been left up to our experienced traders.

Make a Good Plan

Having a plan and having a good plan are two very different things. When beginning to trade Forex it's important that as part of your trading strategy, you put a plan into place that protects your gains and minimize potential for risk of losses.

This can be done by testing out your strategy using a free trading simulator, like the one offered by DupliTrade. Using this trading simulator, you will be able to test out strategies and evaluate any changes that need to be made.

Regardless if the market is in turmoil, or stable. Having a good plan in place is just sensical and is the cornerstone of any trader’s long-term plan.

Leave It To The Professionals

Sometimes during times of extreme volatility it's best to surrender to a higher power. Not the 12 step AA ‘higher power’, an EA Platform ‘higher power’.

Signing up and taking advantage of an Expert Advisor platform like DupliTrade, allows you to add an element of “set it and forget it” to your trading strategy, all the while having a sense of confidence that your portfolio is being managed by top traders.

Expert Advisor platforms are there to provide you with an alternative to having to monitor the market 24/7, which as we know, during times of extreme volatility, is necessary. It removes the potential to trade based on emotion and simply executes your trades based on the technical analysis of experienced professionals.

Be Patient, Good Things Come To Those Who Wait

It can’t be said enough that patience is one of the most important attributes of a successful Forex trader. Regardless of the market conditions, patience will determine your ability to hold off on making snap decisions, and the ability to hold on for something greater.

Keeping these tips in mind could mean the difference between coming out of a bear market with gains, or potentially not coming out at all. Do your research, put a good plan in place, continuously evaluate and test your trading strategy, your portfolio will thank you.

Try DupliTrade Automated trading System

Let’s discuss what may be the most fundamental principle when deciding to invest in Forex, setting a rational budget, and more importantly sticking to that budget. We will be going through the tricks of the trade and get down to what the secrets to successful trading all the while finding ways to minimize risk and potential pitfalls.

First and foremost, it's important to evaluate your current financial situation and
evaluate what amount of funds you are able to set aside to invest. Everyone is at a
different level financially, so you should not compare your funds against someone else's.

What's important is that you’ve taken the first step in having your money work for you, and not just you, for it. So, the first step is to evaluate your personal finances and set aside an amount of money that won't affect you being able to maintain your current lifestyle. The next principle to keep in mind is to make sure you create realistic profit targets.

Greed can be your worst enemy, and by creating a trading strategy with unachievable profit targets will end up setting yourself up for failure. Some of the most successful individuals started from nothing, and eventually amassed massive fortunes, the same principle can be applied here, which is that consistent returns, while they may be smaller at first, will gradually grow to amass a large portfolio if properly planned out.

#DYOR (do your own research)

You may have come across a post on one of the social networks that said something
along the lines of “I have $100 and am looking to invest in reliable Forex trading signal providers” - this is a perfect example of poor research. Remember that when you’re looking to invest your hard-earned capital, that no one will work as hard yourself to ensure that your investment is a success, so it's important that you follow through on due diligence and put in the time to research the best available options that will lead you investment on a path of success.

Low Capital | Low Risk

Despite what you may read, there are actually many benefits to trading with a minimal amount of capital instead of jumping in feet first. First and foremost, by using a smaller amount of capital you are minimizing the potential for large losses and thus allow yourself time to familiarize yourself with the market. Which leads to the second advantage which is generating an effective trading strategy. By testing the waters with a small amount of capital you allow yourself to be more flexible and dynamic. You allow yourself the ability to tweak and test different trading strategies, until you find one that best suits your preferred risk / reward ratio.

Measure twice - Cut once

Now that we’ve evaluated your investment capital, set attainable profit targets, and
covered the advantages of starting off with a small amount of capital. It’s time to start trading, right? Wrong! What you really should be doing is finding a way to test out potential trading strategies without an actual investment. Thankfully you can execute this using DupliTrade’s trading simulator, which allows you to familiarize and test out strategies without investing real capital.

Last but certainly not least...

Once you’ve familiarized yourself with the various tools and strategies, it's time to add a little A.I. into the equation. Look into automated trading platforms and Strategy providers or EAs, which allow you minimize risk while saving you time. Finding a reliable source for these products, services and information can be tricky, so be sure you're getting your information from reputable sources. Look into trusted companies like DupliTrade and the various trading tools that are offered.

Be sure to research the numerous tips and tools that they provide in the form of
strategy providers. Test your trading strategies in order to build a successful portfolio, and be sure to use small capital to test those tools and minimize loss potential. And last but certainly not least, try, and try and try again! Because as you continue to navigate the world of Forex, and your knowledge of the industry grows, you will begin to understand that you can learn just as much from a pitfall as you can from a successful trade and research, or more importantly gaining knowledge, is the key to success.

Try DupliTrade Automated trading System

The world of forex is an ever-changing beast, one moment you’re making profit, the next moment you’re in the red. With all the available sources for signals, and trading tips, it can overwhelm even the most experienced trader. However, there are two forms of trading that are becoming increasingly popular for forex traders, copy trading, and social trading.

More and more traders find themselves facing difficulty on where to get reliable information to trade within the forex market, as well as how to effectively and efficiently monitor their trades in a market that never sleeps.

So, what is Social Trading?

Social trading is simply a way for new or novice traders to learn and invest based on interacting with their peers or experienced traders through a variety of different social platforms. When social trading, you communicate back and forth with your preferred traders or peers, sharing strategies or technical analysis, hoping to learn and ultimately create an investment opportunity that fulfills your goals.

Besides being a time-consuming effort, what ultimately comes with social trading is biased, and human errors. What many traders see as a way to learn and develop, in some ways opens them up to potential pitfalls that they may end up encountering later on in their trading careers.

And what is Copy Trading?

Copy trading however removes this social element, getting down to the cold hard facts and technical analysis that comes with successful trading. With copy trading, users automatically enter and follow into positions based on expert traders, who have undergone extensive testing, and have been hand selected by third parties or established and regulated companies.

Of course, the main question it comes down to, is trading personality, and the idea of relinquishing control. At the end of the day as a trader, do you want to have more control over everything? Not to mention have the available time to execute due diligence, or would you rather have the ability to follow a signal, knowing it is backed by an algorithm or a well experienced trader, probably both.

So, which to choose? Copy Trading or Social Trading?

Well based on the benefits of using computer-based algorithms, and the sheer amount of time needed to trade forex manually, the answer is simply Copy trading. Due to the nature of the forex market, the time, skills, and ability to monitor, track, and execute trades, goes far beyond the capabilities of the average trader. The sheer amount of time needed to trade forex efficiently, and to make a profitable ROI is so immense, that most traders simply don't have this luxury. This is why copy trading is the best option available to traders.

In essence what's important is to take advantage of the tools available in the market. Even more important is finding a trustworthy service provide for your copy trading.

DupliTrade is a platform that can provide you with those capabilities, backed by the best traders, the best technology, and amazing customer support. This is why time and time again customers come to DupliTrade to take advantage of their advanced automated trading capabilities which has led their users on a path of continued success.

Try DupliTrade Copy Trading Platform

Navigating the word of Forex Trading can sometimes be confusing and stressful. With Forex EA’s a trader can remove the element of human error and stress from the equation. A Forex EA (Expert Advisor) is simply a software that, based on preset instructions, automatically executes trades on behalf of the trader. This of course removes the need to monitor the market 24/7, making it a lot easier for individuals looking to trade Forex, who may not have enough available time.

The Forex EA is easy to set up. Simply add a forex expert advisor to your existing forex online trading platform, adjust your settings, and Forex EA will begin trading according to a preset strategy. These preset strategies are derived from experienced forex traders, which provides additional piece of mind, knowing that your trades are backed by the knowledge and expertise of an experienced trader.

Benefits when implementing a Forex EA

Peace of mind - Manual trading leaves room for error and second guessing yourself. By integrating a forex EA you remove the element of human error, and allow the system to execute based on an algorithm.

No need to monitor the market - The Forex market never stands still, and it’s impossible to monitor the market 24/7. By implementing a Forex EA, you no longer have to be physically available to monitor and execute trades.

Bot power over brain power- As intelligent as we believe we are, we will never be as capable or as efficient as a software, which can not only execute based on mathematics and computer science, but has the ability to scan and focus on multiple entry points simultaneously.

Choosing the best Forex EA provider

If there is one lesson you should learn as a trader, regardless of your preferred chosen market, its D.Y.O.R, do your own research. And there are several categories that separate the profitable EA providers, and those who are simply not up to the task.

The first characteristic is the profit factor. Essentially, will this product result in a profitable ROI for the money I not only invest in using this service, but that I risk by putting it into the market.

The second is the drawdown. The drawdown is a very important term, it tells you the percent of loss, since the EA’s most recent, previous high point. You may be asking yourself, well why is that Important? Simply because it tells you, in times of high volatility, or steep, rapid drops in the market, the potential risk you may be facing in the event the EA falls into trouble.

Lastly is the EA’s risk/return ratio. This tells you the EA’s desire for entering into risky trades. Of course the flipside being, in the event of a drawdown into a loss, how fast will the EA you’ve chosen be able to get you back into the green.

Thankfully there is a platform that does have all these features under one roof. DupliTrade provides the most advanced and easy to use automated trading solution, making it the perfect choice for both novice and expert traders. DupliTrade forex EA solution combines simple and straight forward options, backed by experienced and knowledgeable forex traders, with years of experience in the industry.

Try DupliTrade Forex EA

Whether you’re a new or experienced trader, you've most likely come across the
term ‘forex’, or ‘forex signals’, and wondered what they were, and how you can
benefit from them. Well, Forex, is derived from the words ‘foreign’ and ‘exchange’,
which in essence, refers to the trading and exchange of currencies. A forex signal is a brief layout of information that informs a trader specific information pertaining to a trade.

Within a forex signal you’ll find the following elements:

1. Buy/Sell indication - This indicates whether you should enter into a ‘buy’ or
   ‘sell’ of that particular currency pair.

2. Take Profit Target – A key point within the signal that identify the
   possible price targets the currency pair is projected to hit. There may be multiple TP targets for a single signal, and they act as benchmarks and checkpoints which guide you along the way.

3. Stop Loss - Your safety net. It tells the broker that in the event the price doesn't trend as the signal has predicted, to close out the trade at that price.

Forex Signals are provided by experienced and professional traders, either for free
or for a fee. Traders create signals based on their expertise and technical analysis
of the current market. Then they create signals and share them with their followers
so that they too can follow the same technical analysis that they had originally
executed.

The most well-known types of signals consist of entry and exit points, that relate to either the ‘buy’ or ‘sell’ of a specific currency pair and are linked to a particular time or price. The signals can be provided either free or via a subscription plan.

As mentioned previously, there are many ways to source forex signals, some experienced traders or companies provide a subscription or service which would be categorized as paid signals, while other signals that you find on Facebook, or telegram might come at no charge.

Within forex signals, that are a variety of different types depending on the source of the signals you can find:

Manual forex signals - These can come from a variety of places, such as social
media platforms, or channels. They are provided by a trader who guides followers using his own technical analysis which he provides to his subscribers in the form of manual signals.

Automated forex signals - These are signals that are executed through the use of algorithms that constantly scan the market and generate trading signals based on their predefined setup.

With so many sources to choose from, which should you choose?

Well, unless you’re a veteran trader, with years of experience and available time,
the most logical choice is automated signals or automated trading platforms, specifically copy trading platforms.

Copy Trading Platforms - These are marketplaces that offer a variety of traders/trading strategies. Typically there is no need to host VPS or install any sophisticated software.Most of the trading platforms provide a ranking method which makes it easier to screen and locate the trader that suits you best.

Forex EA - Which stands for Forex ‘Expert Advisor’ is an automated trading software that buys and sells based on preset rules that are established by trading
professionals.

MT4/5 - Stands for Meta Trader 4 and Meta Trader 5. These platforms were
designed to give traders the ability to set predetermined trading configurations
such as scripts, and automated trading.

With these three instruments, any trader, regardless of their experience trading in
forex, can create a fully customizable, automated, and well executed forex trading
strategy.

So now that you’ve confirmed the type of platform, where will you go for signals and guidance?

With trade signals being the precursor for successful trading, it's imperative that
you find a service that offers copy trading functionality that's backed by seasoned
traders, provides transparent results, and has a positive track record. DupliTrade is that service. With our automated trading system, you get all these features under one package, add in unparalleled customer service and you’ve set yourself up for a successful path in forex trading.

Open a Demo Account Now!

The Forex and CFD’s (contracts for differences) markets are the largest capital markets in the world in terms of volumes. However, it is not easy entering those markets and understanding all the complexions and risks involved in the process.

For those who have no experience it is advisable to start with a forex trading simulator, in which the trader can experience with various strategies of trading, and view first hand how changing certain parameters in his chosen portfolio can affect the trading results.

Many novice traders tend to jump straight into the markets and start trading without enough prior knowledge or designing an appropriate trading strategy. This practice holds many risks and might result in unnecessary losses.

Over the years, the trading markets have evolved, and designated tools were developed to help traders and teach them how to trade smarter – one of these tools is the trading simulator.

The trading simulator is a tool that helps practice and get familiarized with the world of trading. It was built by traders for traders and may assist to strategize and create a more efficient portfolio, avoid trading mistakes as much as possible and hopefully increase profits.

It’s considered to be the best learning tool for novice and professional traders alike, since it creates and shows simulations of the real trading results of strategies that were used in real trading conditions.
This helps with demonstrating the feeling of trading without the need to risk their own funds in the process.

Using a trading simulator before or even while already actively trading the markets enables traders to generate various simulations of automated strategies view their actual trading results and refine their settings.

This can be done on multiple time frames and in the various available markets such as stocks, Indices, Forex, commodities and more.

Trading Simulator Advantages

1. Understand if you can really connect to the concept of trading with your own money - Anyone planning to enter the trading world can use a simulator to understand if they are emotionally built for this type of trading, which can sometimes be a bit complex. Some people may enjoy trading, and others may find it inappropriate for their personality and lifestyle.

2. Risk-free trading - New traders who are still learning how to trade can feel more confident about opening a trading account once they reviewed simulated trading strategies results. The trading simulator helps gain confidence without risking real money, and not having to worry about making costly mistakes.

3. Developing skills for managing money properly - One of the best ways for successful trading is working according to risk management rules – The simulator shows virtual profits or losses, which the traders can learn and draw conclusions. This enables both novice and experienced traders test and optimize the strategies they want to include in their trading.

Important things to know before using a trading simulator

• Track Your Transactions, even though it is not real money, it is critical over time so you know which strategies to focus on and which ones to avoid in advance.
  It is also recommended to keep track of transactions in orderly tracking tables.

• Consult an experienced mentor who would understand you and which will provide you with answers and advise you on how to maintain your profitability.

• Make sure your simulator shows accurate results based on real trading conditions - that is, when you run simulations of various strategies make sure they are showing results from actual trading accounts and not of back testing simulations that are much less effective.

• It is not recommended switching to real money trading until you gain enough confidence and ready to invest your own money. It takes a lot of patience and a lot of practice, but it will ultimately provide the best possible results.

Try Now DupliTrade Trading Simulator

One of the most important key requirements for successful trading is to choose a good and reliable Forex Broker, but the big challenge is choosing a broker from a large selection of brokers offering their services.

These are the criteria that need to be considered when choosing a good and reliable broker:

Reliability of the broker

The issue of reliability is one of the most important criteria in the selection process, and in order to select the best broker it is important to consider customer reviews and the availability of licenses from regulators.

Terms of trade

In cases of a limited budget, you will not be able to afford the minimum deposit required by a large brokerage firm with a reputation in the market, It is therefore advisable to seek the balance between attractive terms of trade and the good reputation of the broker - as a reliable broker in most cases provides demo accounts to clients for testing their trading strategies.

In addition, it is also important to pay attention to hidden fees and charges for additional services, such as money withdrawals and deposit fees, swap charges for keeping your positions open overnight, inactivity fees and more - this point is crucial if you want to know how to choose the broker properly and not get surprised down the road.

Money deposit

Each independent brokerage firm decides on how to deposit and withdraw funds for its clients, as well as on a daily deposit. Almost all brokers support the option of using bank account transfers and credit cards to renew and withdraw the deposit, and it is almost always possible to choose a suitable broker who will support the most convenient payment system for the client, such as PayPal, Netteller etc. Minimum fees are often applied to such payments, but in most cases the money will be credited back to the trading account within minutes.

Automated trading solutions

It is recommended to choose a broker that offers an understandable automated trading system that supports popular and functional terminals. In most cases, these are type of functional systems used to assist the clients with bettering their technical analysis using trading signals and other tools. This allows the client to more accurately understand how to properly trade the markets.

The more advanced systems offer a full platform with additional capabilities such as copy trading and even a full money management service suit that can either assist the client with his own manual trading or even completely free the client from the hassle of trading on his own. The availability of the web version of the automated trading platform can be considered as an important advantage motivating the broker to offer such professional services.

This is considered an outstanding benefit for people who are less interested in trading the market on their own but still want to be involved in trading and enjoy the benefits of experienced traders trading for them.

High service and attractiveness

Customer service quality is also a leading parameter in choosing a broker - the availability of the broker is very important, as they need to be available around the clock on phone, Skype or email for a support that can provide complete answers to any customer questions. It is also needed to pay attention to broker's offers such as bonuses, promotions, etc., as well as providing free analytics and automated trading tools.

Final words

At the end of the day - the mission of choosing a good broker takes quite some time, but at the same time, a careful examination of all the important criteria will help to find a brokerage company that will meet all customer requirements.

Get your free 30-day demo

1. 

   The trend is your friend. To trade Forex profitably, you will need to have a trading strategy in place. Nonetheless, the efficiency of your trading strategy also needs to take into account the market trend. Therefore, you must observe which direction the market is moving in - whether it is in an upswing or downswing - and trade accordingly.

2. Avoid emotional decisions. Do not let greed cause you to add many positions while winning, and do not try to exact revenge after losing. It is best to form a predefined trading plan in order to set your goals since over-trading can rattle your money management and drastically increase risks.

3. Trade pairs, not currencies. Always trade while bearing in mind that all currencies are paired. This means you should consider both sides of the currency pair when making trading decisions. You need to be aware of the impact the market has on both currencies in the pair and not view only one particular currency as important.

4. Only Trade What you can Afford to Lose. Be sure to trade only with money you can afford to lose. The Forex market is volatile; a successful trader is able to survive during unfavorable market conditions, while an unsuccessful trader will lose his account after suffering a series of unprofitable trades.

5. Learn from experienced traders. Forex forums are excellent places in which to pick up tips about trading strategies. It would likely prove beneficial for you to join a number of Forex forums and actively participate in discussions.

6. Set a risk level that suits your trading style. As tempting as it might be to leverage your trades to the maximum in order to gain maximum profitability, you must never forget that leveraging also exponentially increases the risks of losses. You should, therefore, be cautious in heavily leveraging your trades, despite your appetite for quick profits.

7. Let your profits run. To gain as much as possible from the market, you should try to let your profits run for as long as possible. This will, of course, require you to have a good exit strategy so as to avoid turning a winning trade into a losing one. As such, you should practice defensive trading by opening two or more market positions. This allows you to close one position earlier and then let the other market positions run in order to gain higher profits.

8. Cut your losses. If one of your trades becomes unprofitable, it is more beneficial in the long run for you to cut your losses rather than letting the position run in the hope that it will reverse and turn the losses into profits. Therefore, stop loss orders should not be placed too far, which could result in massive losses.

9. Search for the optimum stop loss point. Forex traders who fear making losses often place their stop loss point too close to their entry point. Due to the volatility of the Forex market, the stop loss orders are sometimes set at amounts too small to accommodate price spikes in the market. Because of this, they are unable to ride out fluctuations and exit the market too early.

10. When in doubt, do not trade. Although not trading is normally regarded as inaction, it can also be considered a market position that you are taking. It is preferable to preserve your trading capital for better conditions than to take risks when you are in doubt about the market.

11. Educate yourself about Forex terminology. This terminology exists for the specific purpose of avoiding confusion while trading in the market. Therefore, you should make an effort to learn all the appropriate terminology used in Forex trading so as to avoid becoming confused. There are plenty of web resources that can help you learn about Forex terminology.

12. Select an appropriate time frame. This means you have to choose a time frame with which you are comfortable and that allows you adequate time to study the market, as well as deal with the nitty-gritty details of trading. Some traders are impatient and prefer a shorter time-frame in which to trade, in order to feel the action. Others prefer to trade in a more relaxed manner, and therefore choose longer time-frames.

13. Keep it simple. An overload of information can at times create a misleading picture about the market. To prevent yourself from gaining a false impression, it is wise to keep your trading strategy simple and concise.

14. Study the risk / reward ratio before opening a position. You should always consider how much of your risk capital you can afford to lose before you enter into a trade. In addition, you should consider how much you will profit by entering into a particular trade. In short, you have to ask yourself: Is this trade worth it?

15. Mark the economic calendar. Fluctuations in currency prices occur when important economic news is announced. Therefore, you should always take note of the time and date of when such announcements are slated to be made.

Get your free 30-day demo

Automated Trading systems are used by both novice and expert investors.

“A trading system is simply a group of specific rules or parameters that determine entry and exit points for a given trading instrument (i.e. shares, indices, CFD’s etc.). These points, known as signals, are often marked on a chart in real time and prompt the immediate execution of a trade.” - Investopedia

Why do people use Automated trading systems?

Investors use trading systems in order to remove human emotions and to reduce wasted time and energy analyzing and deliberating whether to open/close a position or how to manage the trades.

As you probably understand by now, when trading manually you really must master the markets, learn them thoroughly and spend the time analyzing, tracking and learning while making real time decisions.

Once you start automating your trading, although you do need to have a basic understanding that will allow you to monitor the trades, you can surely sit back and relax while gaining this level of understanding by merely watching the trades of experienced traders.

The best part of using DupliTrade’s platform, is that you can play around with a demo account, looking at both real time and historical trading data provided for each of the displayed trading strategies, and start trading live with your real funds only once you’ve gotten to know the platform.

Start your demo now

Trading is a form of art. One that not everyone is fortunate enough to be able to master. There is a constant debate regarding which trading method is better; automated trading or manual trading.

Which do you prefer?

Both trading methods have their own advantages and disadvantages, so choosing between trading automatically or manually can be a difficult decision to make.

Some traders prefer automated trading over manual trading because it has been tested by experienced traders. Other traders, especially those with a good understanding of the markets - prefer to establish their own trading strategies based on comprehensive research.

Why manual trading?

Although it’s the most popular way for a novice trader to thoroughly learn the markets, manual trading is surely not the easiest nor the fastest. Trading manually requires spending long hours in front of the screen learning, experimenting and analyzing the markets, in addition to self-discipline, good money management skills and financial understanding.

Manual trading enables you to open or close market positions whenever you choose. Trading seems relatively simple: you place a deposit, select a currency pair to trade, determine the direction of the market trend, set the leverage level (specifying the stop loss and profit taking points) and open the trade.

These steps can be carried out whenever you decide to act; for example, upon the release of a macro-economic report that causes prices to surge. This makes manual trading extremely satisfying, especially if you spend a considerable amount of time monitoring market behavior.

Why automated trading?

Automated trading, or algo trading, on the other hand, is a great way for novice traders to build up their confidence, whether by watching the actions of experienced traders or by using robotic trading to manage their funds.

When you automate your trading, you get the most out of the markets from day one. Algorithmic trading enables you to jump right in and start trading without having to put aside your other obligations. You can use tested and proven strategies to help ensure the success of your trading.

One of the main advantages automated trading offers, is that it saves precious time for all traders, experienced and new, by eliminating the need to constantly track and analyze the markets. Even if you are unaware of changes occurring in the market in real-time, the automated trading system will execute the buy and sell orders that have been specified in advance.

Another big advantage is that trading automatically prevents emotions from affecting your decisions and affect profitability. Fear and greed can cause you to close your positions prematurely or to overtrade. While trading automatically however, computer algorithms replace the human element that enables this emotional threat to potential profits.

Automated trading algorithms are set to follow a pre-defined set of instructions for placing trades, in order to generate profits at a speed and frequency that is impossible for a human trader. However, it’s important to keep in mind that due to lack of human intuition these systems must be monitored frequently and thoroughly, a task which requires a great deal of time and coding knowledge which not everyone has.

The best of both worlds.

DupliTrade’s team found the ultimate way for you to enjoy the best of both worlds. Our platform lets you automatically copy the trades of other experienced traders from their own trading accounts on to yours, creating a diverse, monitored and professional portfolio. If you are interested in learning more about automated trading, try our Free 30-Day Demo.

Get Started

Automated trading, also known as Algo trading, is a relatively new form of trading which until recently was used only by big financial institutes that require a large initial investment such as hedge funds and private trading firms.

As the technology developed, automated trading has become available for individual traders with a smaller size of initial investments.

The biggest advantage of automated trading systems is that they were developed so that traders do not need to constantly monitor, track and analyze the markets themselves, without having the proper knowledge to do so and risking their investment.

Sounds good, right? So, why should YOU use automated trading? Here are the top 3 reasons:

1. Saving Time

When you automate your trading, there is no need to spend time on trading courses trying to learn the markets, manually locate trades, or develop a trading strategy of your own.
Using automated trading enables you to choose from a variety of trading strategies, according to desired attributes like traded markets, risk factor and expected return. Putting these strategies to work lets you use your newly freed time for any other activity such as family, friends, hobbies and other responsibilities.

2. Enjoying the experience of expert traders

When automating your trading activity, you essentially let professional traders do the work for you!
By allowing experts to help you manage your money and investments, you can benefit from their experience without having to become a professional trader yourself!
If you are more of a “hands on” individual, you can learn as you go from watching the actual trading activity being performed by the experienced traders.

3. Instant testing and optimization

While your trading activity is automated, you no longer need to monitor and analyze the markets yourself. The automated strategies can monitor several markets and assets simultaneously. However, you sure do want to be able to track the trading activity taking place in your account, by screening through the trading data, historical performance statistics and charts. Some of the automated trading platforms available in the market today provide tools that help you analyze the trading activity in your account in a more efficient way.

DupliTrade’s automated trading platform lets you trade like an expert from the very beginning! Our experienced strategy providers have been strictly audited in order to get to this status. They trade in their own accounts with real money, and you can copy their actions to create your own rich portfolio. With fully transparent historical trading data, advanced back testing tools and great customer support, we surely do make automated trading easy. Try the Free 30-day demo today and see for yourself!

Automate Your Trading

It’s no secret that there are certain character traits you must develop to become a successful trader. It’s not only about your formal education and depth of pockets, there are several character traits you need to have in order to be a good trader;

1. Patient

Patience is an important trait, crucial for becoming a profitable trader. Success in trading takes time and you need to gain it slowly.

That’s the secret of successful traders, consistently sticking to their well-planned strategies, no matter what happens. Waiting throughout market movements can be hard, but you need to take your time, being patient and consistent, following your trading plan.

2. Composed

Your trading results are a direct outcome of your actions and reactions to the markets. To be profitable you need to create a structured trading plan, patiently stick to it and control your emotions in case of sustaining losses.

You can’t let your failures define your trading and affect other trades, and to achieve that you must remain composed no matter the results.

3. Responsible

Becoming a successful trader depends on your ability to make your own decisions about your trading through hard work and knowledge.

You must not rely on trading tips or advice from forums or “Guru's”. You should be educated and secure enough to create, stick to, and adapt your trading strategy at all times, by yourself, without relying on advice from others.

Be sure to always make your own decisions and take responsibility for their consequences without blaming the markets, circumstances or other advisors. If you won’t take full responsibility for your trading actions you might adopt negative behavioral patterns that will harm your profitability.

4. Adaptable & Informed

Professional traders understand that a losing trade isn’t necessarily a bad trade, and vice versa. Learning to build a solid trading plan, stick to it, and modify it, according to market movement and predictions is what will determine your trading results.

Always remember that the markets change constantly, so you’ll need to learn how to recognize patterns, understand the changes and decide which strategies and ideas are worth paying attention to, and which are not relevant.

5. Persistent

Persistence is key for becoming a successful trader, you have to constantly maintain the discipline to stick to the plan no matter the doubts, trust yourself and be devoted to investing countless hours in preparing and monitoring your actions.

Discipline and the willingness to work hard are essential for trading successfully and lead to the development of self-confidence, one of the most important traits in a trader.

6. Dedicated

A traders’ day starts with preparing or modifying his or her plan according to market research and trading scenarios for the coming day or trade round.

To become a profitable trader, you must be dedicated to track, analyze, review and conclude, constantly preparing and revising a plan. You must stay organized at all times, keeping track of your actions and results. All these actions require a large amount of time and determination, that will enable you to not give up no matter how hard of a day or how bad of a trade you just had.

7. Resourceful

All traders lose money at some point, the earlier you accept that the better your chances are to overcome this hurdle and become a good trader.

The character trait that differentiates good traders from bad is the ability to keep going and be resourceful enough to learn from your loss and improve your trading strategy to reduce the risks.

8. Humble

A humble trader has much more potential to become a profitable one, because good traders do not personalize losses. They understand it’s part of the process and move on to the next trades.

Overconfidence can harm your trading results by blinding you to changing market conditions. Your decision-making ability at times of uncertainty is crucial and you cannot afford to make these decisions while being led by your ego.

9. Optimistic

A successful trader stays optimistic, even if you just lost a trade, because a good trader knows it doesn’t say anything about their trading skills. Successful traders also know that their thoughts can create their reality and always picture themselves on the winning side.

This is an important trait that lets you open the next trade with a clean slate, without the baggage of losing the last one.

Conclusion

These character traits are important for all aspects of life. But if you are looking to become a successful trader, you must develop them for yourself. Trading can be tricky, and requires huge amounts of time and hard work, but if you become a profitable trader it will be worthwhile.

That seems like a long list… The painful truth is that if you are not willing to fully commit to trading, or you don’t have what it takes, you will be thrown out of the game faster than a speeding bullet.

Well, don’t you worry, you aren’t the first to ask yourself, “How can I skip all the scrutiny of becoming a successful trader myself and still enjoy trading results of one?”

For that reason, exactly, copy trading was invented.

Using a copy trading or an automated trading service allows you to copy the actions of professional, successful, full-time traders that have been working for years to gain the knowledge, composure and skill-set needed for trading successfully.

With DupliTrade’s copy trading platform you can create your own portfolio, based on the actions of selected experienced traders, saving you the time, effort and money you would have spent trying to learn what they already know. Our Free 30-day Demo lets you try it out, with fully transparent data that will show you what they have been doing so you can see for yourself and decide who you’d like to copy.

Try it now

Most people look for financial freedom by creating additional income sources. A significant amount of these people, haveat some point considered Forex trading as a potential additional income.

However, they are too scared to pursue it because of prejudice and bad impressions caused by the difficulties and time-consuming attributes that are part of Forex trading.

Are they missing out?

Trading Forex profitably takes massive amounts of time and energy to learn and master. But it can have many benefits if done correctly!

Learning how to trade, track and analyze the markets, along with which financial instruments to trade and how often to do so, are certainly not easy to achieve. Oh, and you will very likely lose money while trying to learn all these skills.

In order to avoid all this, many traders choose to automate their Forex trading, and practice copy trading. This enables you to eliminate all these problems and start trading like a pro from day one.

When engaging in copy trading, you can start trading as if you know the markets throughout, because you copy the actions of experienced, practiced traders straight to your own account. This lets you create a diversified portfolio without having to obtain all these skills yourself!

So instead of wasting countless hours on trying to improve your Forex trading, you can use this valuable time to work, sleep, spend time with your family or practice any of your hobbies, while you let the experts trade for you.

DupliTrade’s copy trading platform lets you copy experienced, carefully audited traders which trade in their own accounts with real money. Letting them do the hard, time-consuming work for you, instead of spending the time and energy learning how to manage the trading by yourself.

Check out the free 30-day demo and see for yourself!

Try Now

Copy trading is a form of automated trading where you copy experienced traders’ actions. As popularity increses, it seems more and more people see the benefits of practacing copy trading.

Here are the top 5 benefits of copy trading:

1. Time-Saving.

Technical and financial analysis are crucial parts of profitable trading.
So crucial in fact, that you can’t expect to be profitable without practicing them on a daily basis.

Learning how to analyze the markets can be very time-consuming.With Copy trading, you basically copy the trades of experienced traders that put their own time in to analyzing the markets and save you these huge amounts of time.

2. Safety.

When you are copying the trading activity of other traders, you don’t need to transfer your funds under the name of any 3rd party (which happens with other investment methods).

You are simply allowing their actions to be copied to your own account, but your funds remain safe within your reach at all times.

3. Profitability.

Copy trading increases your odds of being a profitable trader. By Copying experienced traders, you eliminate the learning curve, in addition to benefiting from the experience of the trader you are copying which trade their own accounts and aim to be profitable as well of course.

4. Diversification.

Another benefit of copy trading is the opportunity to copy a few traders, each an expert in a different field. This grants you the possibility to create a much more diverse portfolio, one that you’d probably have to spend years just to master each of the fields/Markets on your own, should you chose to trade yourself.
Copy trading lets you skip these years of learning and start trading the various markets like an experienced trader from day one.

5. Suitable for all traders.

Copy trading is beneficial for all traders, both new and veteran. How? New traders jump right in, copying experienced traders and learning from them along the way. But veteran traders can do it themselves, can’t they? Well yes, they can, but many prefer to save time by copying other experienced traders which they trust, saving them time and effort and even letting them learn new trading strategies which they didn’t know before.

Copy trading has made the financial markets considerably more accessible, by reducing the amount of time and knowledge it takes to become a successful trader.

Open a free 30-day demo

There are many types of algorithmic (automated) trading. As an individual looking to automate your trading, finding a solid strategy is not an easy task, here are your options:

• Set-up a multi-million trading account: You can open a perpetual fund with large trading firms, such as hedge funds, investment banks, and proprietary trading firms which are usually suitable for people with a higher net worth and a large amount of entry-level initial deposits.

• Build it on your own: You can try to develop one on your own, keeping in mind that building an algorithmic trading software takes time, effort and a great amount of knowledge both in coding and in the markets themselves, and still may not be foolproof.

• Pay someone to code it for you: Another option is to pay someone to develop an algorithmic trading system for you. You can hire someone with the needed knowledge to program the required trading strategy and have them create it for you. Keep in mind that even then it is not something to set and forget, the program needs to be constantly checked and requires manual intervention and constant updating according to market changes.

• Buy Pre-made service: An additional option is to buy a pre-made trading software, paying a substantial amount of money, and still not knowing it’s quality. There are endless amounts of automated trading systems on the web just waiting for you to buy them. How do you know if it’s a trustworthy system? Does it have loopholes? Will it comply with your best interest?

• Join an Automated trading system: There are various types of Automated Trading systems, which offer copy trading solutions for both new and experienced traders. When practacing copy trading, you can copy the actions of other traders and thus create a rich portfolio. This solution is great for novice traders who don’t have advanced trading skills nor the time to study the markets through and through. It's easy to configure, all you need is to choose a platform you wish to join and start trading like a pro. Keep in mind that you not only need to look for the right traders to copy but also for properly regulated brokers that offer the best trading conditions. This solution is relatively cheap, gets you extensive support and complete transparent data.

DupliTrade: Automated Trading Made Simple.

Our trading platform lets you automate your trading on Forex, Indices, and Commodities, by duplicating the trades of experienced strategy providers, which are actively trading in their own accounts with their own real money!

Get Started