FP Markets supports a variety of trading strategies, including documentary trading。Read this guide to learn all about it。

The Forex market is the largest financial market in the world, with millions of active traders spread across all regions.。One of the most popular alternative strategies in forex trading today is called documentary trading, which involves the act of automatically following and following the strategies of successful traders to make a profit.。In other words, it doesn't require traders to spend hours analyzing the market and making trading plans from scratch.。This is certainly an attractive option for those who lack the experience or time to trade。

FP Markets is one of the brokers offering documentary trading services。While they are not the only company, they claim to have a great platform and strong community to lead their customers to success.。Let's see how it works。However, you must first open an FP Markets account。

FP Markets is a reputable broker founded in 2005。The ASIC-regulated broker offers more than 10,000 instruments, as well as tight spreads, super-fast order execution and other favorable trading conditions.。

FP Markets documentary trading allows traders to find, follow and follow experienced traders on MT4 and MT5 platforms。You can imitate their trading behavior and make money from trading。This is a fully automated trading system, so there is no need to check your computer every 5 minutes。Even so, you can still control your trades as they can be activated or deactivated at any time and use risk management tools such as stop loss and take profit。

Essentially, there are two types of traders on the platform: acquirers and providers.。The former refers to traders who copy other trader strategies, while the latter are experienced traders who offer copy strategies。In exchange, the provider charges a small fee for each successful transaction。

Advantages of FP Markets Documentary Trading

You can get several benefits from FP Markets documentary trading, namely:

• Powerful platform: The Metatrader series is known as a reliable platform for almost all strategies, including documentary trading and intelligent trading systems (EA)。The user interface is simple and suitable for beginners, so it is suitable for all traders。
  Dedicated server: All transactions are automated and processed by the system, so there is no need to keep your computer logged in。
  Competitive pricing。FP Markets offers institutional-level liquidity and as low as 0.Spread of 0 points。
  Join the Community: Reach out to the vast community of FP Markets traders, learn about their behavior and gain new insights directly from experts。
  High efficiency: Just log in with your MT4 account credentials and start documentary trading without downloading any additional or separate software。
  Favorable trading conditions: The platform offers fast order execution and minimal slippage。

How to start a documentary

1.If you have not yet registered a new trading account, please visit the official website of FP Markets and register。Then, log in to your account and make a deposit, click on "Social Trading"。

2.Open the documentary trading platform and select the trader of interest。Click on a trader's profile to see data on their track record and past trade performance。Before investing, be sure to read carefully and consider the risks。

3.Once a suitable match is found, click "Follow" to replicate their trading behavior。There is no limit to the number of providers you can copy。

4.Check your order details, agree to the terms and agreement and click "Register"。

5.You can view all your ongoing investments in My Portfolio and also manage them by adding risk management tools such as stop loss and take profit orders。

How providers start offering

1.If you have not yet created a new trading account, go to the official website of FP Markets and create a new trading account。Then, log in to your account and deposit。

2.Go to the provider registration portal and fill in the registration form with MT4 or MT5 credentials。

3.To have a valid provider account, you must "create a quote," simply select your quote name, strategy type, and commission rate。

4.Login to social trading portal to monitor provider accounts。On this page, you can view the status of the offer, the details of the acquirer, and the fees earned。

Conclusion

For traders who do not have enough time or experience for manual trading, documentary trading may be a good solution. It provides access to financial markets without having to face the complexity of trading。However, it is important to understand that documentary trading is not without risk。If your provider wins the deal, you make a profit; but if they fail, you suffer the same loss。

So, anyone interested in documentary trading must understand risk management and research the providers they want to follow。It is also a good idea to invest in multiple providers and diversify your portfolio to reduce risk。Finally, consider your current financial situation and the provider's commission rate。

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FP Markets is a trusted global broker offering over 10,000 CFDs products covering Forex, Stocks, Indices, Commodities and Cryptocurrencies。The broker offers low commissions and as low as 0% through partnerships with leading banks and non-bank financial institutions..Original spread of 0 points。