Copy Trading
Copy Trading
Fenn Market Copytrading offers an opportunity to automatically copy leading traders and forget about long hours of building your own trading strategy. Choose from the best Masters of Forex and diversify your trading portfolio.
Follow the best traders Find Masters you want to follow and click ‘Copy’. Their positions will be copied automatically. The deposit percentage setting will help you manage your portfolio. Try copying different strategies to decide which of them work best for you!
FAQ
It’s all in the name! Copy trading allows you to directly copy the positions taken by another trader. You decide the amount you wish to invest and simply copy everything they do automatically in real-time – when that trader makes a trade, your account will make that same trade as well. You do not need to have any input on the trades, and you get the identical returns on each trade as your chosen trader. Copy trading is one of the easiest ways to use another trader’s expert knowledge. It also means that you don’t lose any control over the outcome. You still have the ability to close trades, and open new ones when you want. But by copying another trader, you could potentially make money based on their skills. In fact, no advanced knowledge of the financial market is required to take part!
Master stats include gain and number of copiers, commission, trading pairs the Master uses, profit factor and order directions as well as many other factors that you can review before making your decision to copy someone. Before copying starts, you set a deposit percentage and choose the amount of funds to invest in a specific Master.
The volume of the copied trade depends on both Master and Copier accounts’ leverage and equity, and is calculated as: Volume (copied trade) = Equity (Copier)/Equity (Master) × Leverage (Copier)/Leverage (Master) × Volume(Master). Example: Master Account equity is $500 and leverage is 1:200, Copier account equity is $200 and leverage is 1:100. 1 lot trade is opened on the Master account. The volume of the copied trade will be: 200/500 × 100/200 × 1 = 0.2 lot.
Fenn Market doesn’t charge any additional commission, but you do pay Master Trader’s commission, which is specified individually as a percentage of your gain and is charged in USD.
Crypto currency is taxable. If you earn cryptocurrency by trading or mining it, it counts as regular taxable income. You owe tax on the entire value of the crypto on the day you received it, at your regular income tax rate. We are obligated to provide tax reports to market participants using our platform and so you're not solely responsible for maintaining the necessary records related to your cryptocurrency dealings. Note that you may be required to pay a tax fee associated with your cryptocurrency dealings upon withdrawals.
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