All information on this website represent subjective views of the authors and they are solely informational. When you trade Forex, CFDs or other financial instruments you are exposed to a high risk of loss. We review and rate companies offering trading platforms for Forex, CFDs and other financial instruments.
Time-Saving
Sign up today, start copying successful traders, and potentially maximize your earnings with minimal effort. But for the last few months, I have been facing issues with withdrawal. Tried calling customer support many times but didn’t get any satisfactory answer. Distressed with the services, I searched for another Forex broker and found TradeEU. The broker was regulated, I quickly created an account and started trading.
How to Choose a Master Trader on Lunar Capital
- They have full control over the amount of commission they charge.
- Now, the Master Trader’s commission is a separate thing, and it’s something you’ll know in advance.
- When it comes to selecting a Master Trader to copy, it’s all about making an informed decision.
- Choosing a good strategy provider to copy can be difficult because there are so many of them on one platform.
You can use Lunar CapitalFX’s filters to refine your search based on performance metrics and other criteria. For those who are new to trading or lack the experience and knowledge to make informed decisions, Lunar CapitalFX copy trading offers an easy way to participate in the market. By simply following successful traders, new traders can gain exposure to the markets without needing to understand the intricacies of technical analysis and market strategies. One of the standout features of Lunar CapitalFX copy trading is the wide selection of signal providers available. The trader’s strategy, market volatility, and your risk management all have a say in how profitable your copy trading experience will be. Diversifying your portfolio by copying multiple traders can also help spread the risk.
Step 5: Profits and Losses
- Each Master Trader’s stats will show you the commission size, so you’re always in the know.
- You can adjust parameters such as the amount of money you want to allocate to copy trading, the number of traders you want to follow, and stop-loss or take-profit levels.
- While copying trades, beginners have the opportunity to learn about various trading strategies, market analysis, and how experienced traders think.
- Your account balance will grow or decrease based on the success of the trader you are copying.
Each trader has their own stats and history laid out for you. You can check their performance, risk level, and other details. Once you’ve made your choice, hit the “Set https://lunarcapital.net/ Up Copying” button, and the app will do the rest for you. You get to see what the experts are doing, and over time, you can pick up some tricks of the trade.
Withdraw Your Profits
Relying too heavily on copy trading can result in a lack of personal trading skills development. If you continuously copy traders without learning the ropes yourself, you may never gain the experience needed to make independent, informed decisions. Lunar CapitalFX’s platform provides access to a global network of traders.
It is impressive for a broker with over 40 million accounts opened. Lunar CapitalFX is an international Forex broker that operates worldwide. The domain belongs to a group of companies called Lunar Capital Markets Incorporated which is registered with St. Vincent and Grenadines FSA. Currently, the company focuses on Asian, South African, and Australian markets.
In this case, the first thing that you need to do is to visit the trader’s profile description. This is where you’ll find all the data you need to identify your next future Master Trader. The service fee is actually included in the spread as a markup of 0.2 pips. Now, the Master Trader’s commission is a separate thing, and it’s something you’ll know in advance.
Top-Tier Trusted Brokers
Under this system, there are two kinds of traders, Copiers and Master Traders. Master Traders are the investors who act as the strategy providers in this system. In contrast, Copiers are the traders who replicate the moves of Master Traders in the system. Lunar CapitalFX ensures transparency by providing detailed performance metrics for each signal provider.
You can also see statistics like their total trades, win rate, average gain, and monthly performance, which can help you make an informed decision. TradingBeasts helps individual traders learn how to responsibly trade forex, cryptocurrencies and other asset classes. We review and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns that we come across. We are also a community of traders that support each other on our daily trading journey.
Getting Started: How to Maximize Your Earnings
One key to success in Lunar CapitalFX Copy Trading is diversification. It’s like the old saying goes – “Don’t count your chickens before they hatch.” By following a mix of different traders with various strategies, you spread the risk. That way, if one trader has a rough patch, your whole investment won’t take a nosedive. What if I told you there was a way to profit from experienced traders without having to do the grunt work yourself?
You can see how they’re doing, and that’s crucial for informed decision-making. One thing I really appreciate about Lunar CapitalFX is that they don’t hit you with those overnight charges. It’s a relief not to worry about those eating into your profits.
You can review the performance of the traders you’re copying, which can be an invaluable learning resource. In essence, it’s a way to leverage the knowledge and strategies of experienced traders without having to actively monitor the markets or execute trades yourself. All a user needs to do is select a trader to copy and set their desired parameters, such as the amount to invest and risk tolerance. Lunar CapitalFX also has a copy trading platform that’s available on Google Play Store. The platform allows traders to copy an unlimited number of strategies at the same time with no additional commission fee for the broker. Copiers are free to choose the Master Trader that they want to copy and earn passive income from the profitable trades.
Lunar CapitalFX does not charge additional fees for using the copy trading service. An important point to note is that Lunar Capital Copy Trading is only available on the MetaTrader 4 trading platform. Both the Copiers and Master Traders must have an MT4 trading account with Lunar Capital to participate.