Documentary transactions can earn profits without direct participation in the transaction.。At FXOpen, you can trade with one through two reliable platforms。

In today's fast-paced era, passive income can improve the quality of life to some extent.。It goes without saying that you can earn passive income through trading。

With documentary trading, you can automatically follow the trades of successful traders around the world, FXOpen is an international forex broker with more than 19 years of industry experience, providing access to the Electronic Communications Network (ECN) to trade currencies, commodities, indices and equity CFD services.。

FXOpen Documentary Trading Guide

FXOpen Helps Beginners of Trading It is possible to make more profit by drawing on the experience of more experienced traders through documentary trading。So, how does it work？First, let's look at the benefits of documentary trading。

1. No longer need to take the time to learn from scratch, especially for those new to investing。
2. In terms of earnings, even novices are comparable to the most successful traders on the platform。
3. For most people, the method is economical。

From the above three advantages can be seen, fast process and affordable price is the key to the success of documentary trading。This also explains some basic trading concepts, and trading requires a long learning process and keen market observation.。

To support documentary trading, FXOpen has been working with well-known social trading platforms such as Myfxbook Autotrade and ZuluTrade。Please note that FXOpen works with both platforms to execute follow-up transactions, as detailed below:

What is Myfxbook Autotrade？

The social trading platform is known for its large number of users and complex statistics that help traders have a keen insight into the market.。Other advantages include low commissions and demo accounts。However, the disadvantage is that the user interface is old and the search function is not available.。This automated transaction offers a minimum of $1,000 of documentary investment with a 0% service charge。Simply open an account with FXOpen and connect it to Myfxbook Autotrade for easy access to the platform。

What is ZuluTrade?？

In terms of number of users, ZuluTrade is one of the best social trading platforms in the world, registered in Greece, the United States and Japan, and working with 34 brokers worldwide.。As part of ZuluTrade documentary trading, users can subscribe to and follow trades from more than 1,000 top traders.。ZuluTrade also offers a variety of minimum documentary investment services, starting from an average of $50 to $1,000, and portfolio services from $2,000。In addition, ZuluTrade's service fee has two options:

1. Profit Sharing Plan: $30 per month subscription + 25% profit sharing
   Classic plan (depending on the selected broker): average $20 per standard lot in one currency pair。

The ZuluTrade platform also offers a demo option: new traders can get a reward of $100,000 for a follow-up trade within 30 days to learn more about ZuluTrade。To copy a trade from ZuluTrade to your FXOpen account, click "Follow" on the trader profile to subscribe。In the pop-up window, please specify the quantity to follow。FXOpen has a minimum deposit of $100, but most top providers require subscriptions ranging from $300-500 or even thousands of dollars.。

FXOpen Documentary Transaction Fee Geometry？

FXOpen has a lower average commission。On ECN accounts, commission is only 1 per lot.$5, with a variable spread of 0 points; for STP accounts, the average spread is about 1.3 points。When using ZuluTrade, the terms of the STP account remain the same, but there is an additional markup on the spread of the ECN account。On average, Zulu's classic plan is 1-2 points。

Conclusion

FXOpen provides a way to earn more income through documentary trading. It is simple and convenient, allowing beginners to make more profits。It is worth noting that the broker works with top platforms and offers fairly low commissions。The essence of trading, however, is that losses are inevitable.。There is still a general risk in documentary trading, as even experienced traders have the potential to miss out.。

Risk and profit are the same。Careful selection of traders, etc., to avoid losses and maximize profits as much as possible。

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FXOpen is a Forex broker that has been providing quality services to clients since 2005, aiming to make Forex trading more professional, accessible and secure.。