FP Markets documentary trading is very suitable for busy traders, how does this feature differ from other documentary trading platforms？

Documentary trading is a good option for traders who are busy taking time out to analyze the market。Technically, this is a way to automate trading by copying other traders。This is also an excellent learning method that allows traders to see the strategies and results of other experienced traders, so brokers tend to provide documentary trading services to their clients。

Some documentary transactions can be customized as the transaction progresses, but some are fully automated and can be completed through multiple devices, such as web browsers, mobile devices, etc.。

Brokers can offer documentary trading through third-party platforms, while some brokers take it to the next level by building a documentary trading environment。Apparently, FP Markets offers documentary trading through the MetaTrader 4 and MetaTrader 5 platforms。

FP Markets offers documentary trading services and is a great way for new traders to familiarize themselves with the financial markets and gain confidence in trading。New traders can learn by observing the behavior of other traders and more experienced traders and make some profit from it。It is worth mentioning that traders can join a community of experienced traders who can share ideas and strategies to improve together。

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Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:

ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。

FP Markets offers a comprehensive set of FAQs to increase traders' knowledge about documentary trading。

What is Forex Documentary Trading？

FP Markets defines follow-up trading as a feature that allows traders to understand trading strategies by studying the behavior of other traders。Presumably, traders have more knowledge and experience, and customers can do this using a wide range of statistics。Here, they can choose to copy the trading behavior of other traders。Documentary trading in FP Markets comes with a community where traders can ask for help or share their trading information with others。For inexperienced traders, this is a great way to become familiar with new concepts such as derivatives trading and leverage。

How documentary trading is profitable？

Documentary trading is just another form of trading that can be profitable。There are two ways to make money with FP Markets documentary trading。The first is a follow-up, where the trader follows another trader's strategy and makes a profit from the trade; the second is to become a provider, where the trader can earn additional income from the follow-up who follows them.。

What is a follower and provider?？

Traders can play both the role of acquirer and provider in FP Markets documentary trading.。According to FP Markets, the acquirer copies the trading behavior of other traders; the provider is also the person whose trading strategy is being followed。Often, providers create quotes to the community based on their past successful deals。If they are interested, they can use the documentary trading system to automatically replicate their trading activities.。

What is the best documentary trading platform?？

There are many documentary trading platforms in the industry, but FP Markets MetaTrader 4 allows traders to join their documentary trading community。The documentary system in MT4 allows traders to select multiple documentary modes.。The platform can also display rating modules and provide detailed performance statistics. Transparent dynamic charts and tables make it more informative。

How to open a documentary trading account.？

Here's a simple way to set up an FP Markets documentary trading account as a follower or provider。

Follower

Traders can open FP Markets documentary trading via MetaTrader 4 and MetaTrader 5 platforms。Here's what traders should do when they start to follow orders。

1. Opening an account
   First, open an account to use the documentary trading platform。To do this, traders can visit the official website of FP Market to open a real account。Keep in mind that brokers may require you to attach personal documents, so be sure to prepare in advance。

   Select traders to follow
   Once a trader's real account is set up, the next step is to find the best trader to follow。The most important thing in documentary trading is to follow the right strategy provider, which will affect your success in documentary trading。In FP Markets documentary trading, the merchandiser can easily find and track the most successful traders。The feature is equipped with a detailed rating page ranking, where followers can view the provider's track record, including their complete transaction history and past performance, click "Follow" to replicate their transactions。

   documentary transaction
   The best part of FP Markets documentary trading is that it gives traders more flexibility。The function has many documentary modes to ensure that traders can customize according to their needs. In addition, there is no limit to the number of providers that customers can follow。It is best to try to replicate multiple providers with different trading systems to find the one that suits you best.。

   free control
   Documentary trading allows the follower to replicate the strategies of other traders, sometimes making the trader's position less free。However, this is not the case with FP Markets documentary trading, where traders can control their accounts and activate and deactivate documentary trading with just one button。Log in to the Documentary Trading Portal with MetaTrader 4 or MetaTrader 5 credentials and use risk management options such as stop loss and take profit orders to control trading positions。

Provider

In addition to follow orders, traders can become suppliers and earn additional income。How to become a policy provider for FP Markets？

1. Opening an account
   To be a provider, a trader should have an active real account in FP Markets。If not already, open a real account and deposit some money。Traders are also advised to have sufficient trading experience before choosing to become a documentary trading platform provider。After all, customers may judge them based on their past success。

   Register Login
   Registration required to become a provider。To do this, traders need to visit the provider registration portal, click on the registration button on it and fill out the registration form。Everything can be done with MetaTrader 4 or MetaTrader 5 credentials in just a few simple steps。

   Create Quote
   After completing the registration, the trader can activate the account。To do this, they should "create an offer" to provide services to the acquirer, and can also set up an account according to their preferences。Don't forget to pay the performance fee and choose the interval at which the fee is charged。

   Monitoring
   All that remains is to monitor the offer.。Traders can log in to the documentary trading portal in FP Markets to monitor their provider accounts to view the status of their quotes and the documentary details and monitor the performance fees earned。

Conclusion

The documentary trading function in FP Markets is a good idea to help busy traders, follow the strategy of the documentary provider and wait for the result。However, it also carries some risks that traders should be aware of。First, the provider's track record must be checked in advance, because even the best strategy may not always succeed; no matter what the trader does, the risk of loss remains。Traders may also be exposed to liquidity risk during volatile seasons, so it is recommended to keep positions as flexible as possible, such as the products offered by FP Markets documentary trading。Traders can exit the market at any time if they believe their position is in danger。This way, they can better protect their funds。

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FP Markets is a broker offering a variety of trading services, including low spread trading, where traders can access markets such as Forex, Stocks, Indices, Commodities and Cryptocurrencies。