Documentary trading is a great way to earn passive income, but the risks cannot be avoided。Read below to learn how to maximize profits with HF Copy。

Most people start trading in the hope of making money, but only a few succeed。Building a truly effective trading scheme is not easy, especially for amateurs who know little about the basics of trading。Thankfully, many brokers now offer documentary trading, the perfect solution to help traders make money effectively。Anyone can use it, regardless of experience, if you can find the right trader to follow the order, it can bring you huge returns。

In this guide, we will learn about HF Markets' documentary trading platform。We will introduce you to the broker's documentary trading features, as well as the conditions and benefits of using it。

HF Markets Documentary Trading

HF Markets is one of the world's leading brokers offering documentary trading services on HF Copy。On this platform, you can choose to be a follower or a follower.。Followers are mainly beginners because they earn passive income by following different trading schemes;。

HF Copy is a very convenient documentary trading platform that traders can access via MT4, web platform and mobile app for Android and iOS。The interface is also very user-friendly and has a large selection of reliable documentary information。However, the platform is only responsible for the trading of Forex, Bitcoin and Gold。Please also note that the service is not available in the UAE and does not offer any social functionality。

As a follower

If you trade as a follow-up person, you will need a deposit of at least $100 unless otherwise specified by the follow-up person.。The minimum transfer amount is $50, but there is no management fee to join HF Copy。Instead, you pay a performance fee to the acquiree for each successful transaction。

HF Copy's follow-up transactions are done automatically, so there is no need to wait all the time。But even so, you still have full control over your trades, monitoring every trade and closing them at any time。You can also adjust the proportion of trades to be followed and add an emergency pause setting to stop following a specific trader after a certain amount of loss is reached。You can open up to 10 follower accounts, each of which can follow one follower at a time。

To become a follower, you need to follow these simple steps:

1. Opening an account
   Choose to be followed
   Deposited funds
   Set emergency pause level and allocation ratio
   Monitoring Data

You can choose to unfollow a policy provider at any time via myHF。If you still have open trades associated with the acquiree, the order will automatically close when you stop following。But if the market closes you can't unfollow, you have to wait for the market to open again and try again。

As a single person

If you trade as a strategy provider, you will need to deposit at least $500 and $100 for rollover。In addition, you will need to set a performance fee of up to 50% for each copier。You will earn a fee twice a month and the amount will be transferred directly to your account balance。

Each policy provider can run three different accounts with different settings。Remember that your quality as a provider depends on your track record and experience, which will show up on your performance sheet。The better your performance, the higher your strategy ranking and the more followers you will have。

To become a policy provider, you should follow these steps:

1. Create a policy provider account
   deposit some funds
   Start trading to showcase your skills and attract followers
   Earn performance fee for each successful transaction

Keep in mind that not all products offered by HF Markets can be traded on HF Copy。Also, some MT4 features (such as Close By and Multiple Close By) are limited for those who are followed。

Benefits of Documentary Trading

The many benefits of documentary trading are as follows.

• Passive income source: If you choose the right person to follow, any trader can automatically get passive income from follow-up trading, and save a lot of time, efficient trading.。
  Simple approach: documentary trading does not require in-depth knowledge of trading and market analysis, so it is best for beginners or investors who want to diversify their portfolios without trading on their own.。
  Learning Opportunities: You can also self-study in your spare time。You can observe the operation of experts or learn how to trade correctly by reading articles, participating in live webinars or watching educational videos。
  Diversification: Choose from a variety of options on the platform to optimize profits, reduce risk and diversify your portfolio。
  High flexibility: This does not mean that you have lost control of your funds, you can still monitor your trades and choose to close your position at any time。You can stop following or withdraw funds at any time if the acquiree fails to meet your expectations。

Risks of Documentary Transactions

For many traders, documentary trading may be a good option, but like any other strategy, it also has some unique risks that cannot be underestimated, such as:

• Market risk: When the market crashes, your acquirer may also crash and you will have to face the same consequences。Remember that even the most skilled traders sometimes lose money, so make sure you have a good risk management system to deal with crises。
  Liquidity risk: Similar to conventional trading, liquidity is often the cause of losses on follow-up trades.。If the acquiree decides to exit the deal, you will have to follow their choice。If you are unable to close your position due to low liquidity, you will be in a loss until the market recovers。
  Lack of trading knowledge: If you are a complete beginner, you may follow an unprofessional trader to the detriment of your portfolio。Please learn relevant knowledge and choose carefully。
  Lack of common interest: Having different interests and goals from your acquiree may be the reason for a quick loss, please ensure that you trust your acquiree。
  Past performance does not define the future: you can only choose based on the supplier's historical transactions, but there is no guarantee that they will remain successful in the future。This is a risk that every trader must be aware of, so make sure to manage your risk properly and only trade with funds you can afford to lose。

How to make a profit with HF Copy

Many trading schemes are available on the platform, so you need to choose the one that is most suitable for you。In HF Copy you can study by browsing the list of programs on the sidebar menu。In the list of scenarios, you will see a list of those who are followed and their personal information, as shown in Figure。

The performance box displays a bunch of information, such as the name of the person being followed, the name of the plan, the original nationality of the person being followed, and so on.。If you click "View Profile," you will see a more detailed profile of the person you are following, including their historical transactions and the number of followers, the latest transaction activity, and the time they provided their services。

It is strongly recommended to choose those who can maintain a stable profit in their track record, rather than those who have few achievements, which can give a good idea of their performance in the next few months。It is also a good idea to follow a trader who has a large following, as this may be a sign of his reliability。

But even if all these criteria are met, it is still possible to lose money。At the end of the day, there is no risk-free trade.。So we can conclude that documentary trading does provide a great way to generate profits with less effort and time, but before taking risks on the platform, you still need to conduct research and set up a sound risk management system to avoid losses。

---

HF Markets is a global forex and commodities broker serving retail and institutional clients。As the HotForex in the brokerage industry, HFM positions itself as a Forex broker for traders worldwide through its various account types and trading tools.。In addition, HF Markets allows scalping traders and traders unlimited access to expert advisors。