How to copy transactions in SuperForex?
Even a novice, you can earn a profit comparable to that of a professional trader with SuperForex's copy trading service without worrying about your strategy。
Have you heard of copy trading or social trading?Basically, both terms refer to a trading method in which investors can automatically copy the trades of experienced traders。
SuperForex is one of the global brokers offering copy trading services, known as "SuperForex Copy Service"。
Copy trading i.e. users can track and copy the trades of experienced successful traders, you do not need to have extensive knowledge or experience in the Forex market, you can easily make money like an expert。
SuperForex Replication Service
SuperForex is an IFSC regulated broker based in Belize。It has been operating since 2013 and offers a range of cutting-edge services to customers.。
SuperForex provides beginners or inexperienced traders with a copy of forex trading so they can connect their accounts with those of more skilled traders, thus copying the trading activities of these experts。
This method has the potential to allow them to achieve similar results without the need for in-depth knowledge of trading strategies or financial markets, which is conducive to learning from experienced traders while making profits in the process。
Operation of SuperForex Replication Service
In the Forex trading replication system, there are two parties called "Master" and "Follower"。A master is someone who allows others to copy their transactions。Typically, they are professional traders with a proven track record of profitability。
Followers are individuals who copy master trades.。If you don't know much about market analysis and how to better grasp trading opportunities, you can become a follower and replicate the actions of the best traders。
To get a clearer picture of how forex replication works, see the diagram below。
As shown in the figure above, assuming your balance is $1,000, copying the master's transaction, you will also get a profit of $1,000 like the master。In return, you pay a profit sharing fee of 20% of the profit, so the calculation is as follows:
Initial balance: $1,000 Profit generated: $1,000 Profit share: 20% x $1,000 = $200 Final balance: $1,000 + ($1,000 - $200) = $1,000 + $800 = $1,800
In short, SuperForex's copy deal is mutually beneficial。As a follower, copy trading helps you get more profit from experienced traders, allowing you to earn the same income as an expert trader。Copy trading, on the other hand, generates additional income for the master through profit sharing and daily commissions paid by followers。
Profit sharing or daily commission?
As a follower, you do not need to pay both profit share and daily commission, you can choose to pay only profit share or only daily commission。
Through profit sharing, you can earn a partial profit from each successful copy of the "master" trade, simply paying a commission in case of actual profit。Therefore, the amount you pay will vary according to the Master's trading performance。
The daily commission is, whether it is profitable or not, a fee is paid to the master every day。The advantage of this is that you can clearly know how much you spend every day, so you can better manage risks。
In some cases, daily commissions are more beneficial to followers。Please look at the following example。
In the above case, the profit of paying $10 commission per day for 10 days is higher because you only need to pay $100 to the master in total。If you choose to pay the profit share, you pay $200。
On the other hand, sometimes it is more advantageous to pay a profit share。Keep in mind that the following situation uses a 1: 2 setting, so the profit will be 2 times higher than the master's profit。
Profit sharing may be more favorable when you follow a master with an aggressive trading style。Since the system is set to only charge commissions when making profits, you don't need to pay any fees when the master takes high risks and loses money continuously。In order to improve profitability, you can set parameters to get a higher profit rate (1: 2 or higher) from the master。
On the other hand, if your guru is an everyday trader who prefers to make steady profits rather than occasional large ones, it is more advantageous to pay a daily commission。Make sure that your gurus are able to make a profit on a daily or regular basis, which will reduce the burden of paying commissions on a daily basis。
Access to SuperForex Replication Service
You can easily access its copy service function through SuperForex's website, please follow these steps:
Visit the SuperForex website and log in。If you don't already have a SuperForex trading account, you can start by creating one.。On the login page, enter your account ID and password, then click Login。In the client area, locate the replication service menu and select "Become a master or follower"。Click "Subscribe as a follower" on the green button。
Terms and Conditions of SuperForex Reproduction Service
Replication service is available to all customers with standard accounts, ECN accounts cannot use this feature。
The copy service is available after the customer has deposited at least $10 into their standard account。
Reproduction services are compatible with all SuperForex bonus programs, except for "No Deposit" and "Easy Deposit" bonuses。
Commissions are calculated daily if there is trading activity。
The type of commission depends on the amount of profit, and the follower should pay a commission to the master on the profit of the copy。
In addition, there are specific conditions that apply to followers。
SuperForex Replication ServiceConditions for followers
A customer can register an unlimited number of follower accounts。
Followers can subscribe to an unlimited number of master accounts。
Customers cannot register as "follower" and "master account" at the same time。
Followers cannot pay profit share and daily commission at the same time and must choose profit share or daily commission。
Followers do not have to pay daily commission if the master account has not had any active transactions for more than 24 hours。
If the follower decides to complete the copied transaction on his own and make a profit, even if the transaction on the master account is still not closed, the profit share will still be paid according to the fixed transaction result。
SuperForex Replication ServiceNote
SuperForex's copy trading system is very simple: you just need to follow the master to trade。Essentially, you rely on the efforts of the masters to make a profit, and in return, you will pay them a certain fee。
However, if the Master loses money, you may also lose money。As long as the loss is small and the master can make up for it, the problem is not big.。
Therefore, before deciding to become a follower of Forex trading copy services, please note the following considerations for becoming a follower。
✔️ | ❌ |
Choose an experienced master of successful trading。Look at their track record, risk management and trading strategies。Constantly educate and reflect on the principles of financial markets and trading so that you can act in the face of losses.。Spread your investments across multiple masters to reduce risk。set clear risk limits for each trade and strictly。Pay close attention to the performance of the master you follow, unsubscribe from the underperforming master。 | Follow Masters without understanding their strategy or track record。Don't learn trading knowledge, completely rely on the master。Invest all your money in a master。Increase investment in order to recover losses as soon as possible。make impulsive decisions based on short-term market movements。 |
When selecting the master to track, you can enter the copy service menu, select the "All Masters" submenu, you can find the earnings records, balances and lots of all masters。
Conclusion
SuperForex's copy service is really very beneficial for a lot of people, especially retail traders.。For beginners, this can provide them with the opportunity to trade directly without a lot of time-consuming learning。By copying trades, novices can learn by doing and gain real market experience。
For professionals, copy trading can greatly improve their earnings。Profit sharing and daily commissions from "followers" can be considerable.。You can not only make a profit, but also earn extra income。
SuperForex is a broker that operates globally and is regulated by the International Financial Services Commission (IFSC).。Since 2013, they have been providing high-quality services, including trading and investing via mobile platforms, multiple deposit methods, educational features, Forex trading copies, bonuses and contests, economic news and analysis, and various account options.。
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