What is copy trade/trade copying?
Just like normal trading, we trade on our own account. Then, the broker will replicate our trading activities to your account. Whenever we open a position, your own account will follow the same. It’s so-called you are our follower. Our account trading results are yours, following the same. We win, you win. We lose, you lose. Some brokers are supporting Copy Trading.
It is clear to say that the investor/client account is always keeping his own fund management. All payments, deposits, and withdrawal requests will be direct with your preferred broker of choice, which means not with us. We COULD NOT deposit or withdraw funds from your account. We get the “Limited Power of Attorney” from you for us to trade only. Client designates an “Authorized Trading Agent”, as Agent and attorney-in-fact for the purpose of buying and selling marginal foreign currency lots for the undersigned Client’s Account.
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