A trade copier is simply a piece of software used to copy trades across multiple trading accounts. This is the most convenient and efficient way to manage more than one MetaTrader account simultaneously and open the same trades across multiple trading platforms. There are many types of account copiers available but since the MT4 platform is one of the most popular trading platforms the majority of trade copier software is built around the MetaTrader 4.
I have just released the new Local Trade Copier version 2.9.6 “Kilauea” named after the currently active shield volcano in the Hawaiian Islands.
Local Trade Copier is like a Forex auto copier software for MetaTrader 4 client terminal which allows retail Forex traders share trades with friends and family.
Trading is hard. It takes a lot of time and money to learn, master, and succeed in trading. Furthermore, it is not wise to risk by betting on one system or trader. If it fails, you lose your money. But what if I tell you that you could create a profitable investment portfolio by merging multiple traders from social trading networks into one MT4/MT5 account and diversifying the risk?
In this article, we are going to delve into the topic of how you can change leverage on the MT4 platform. Leverage enables traders to operate more significant amounts of funds on their balance. Basically, it is trading using borrowed funds, usually from your broker or their liquidity provider (most likely banks). 1:100 leverage means that a trader can trade with funds 100 times higher than he actually has, or in other words, for every U.S. dollar that he has, he can open a $100 position. That’s the power of leverage that you can harness for better or worse.
In forex trading, just like in every other kind of trading, the sad truth is that most traders lose money. Looking at long-term results, around 95% of forex traders are taking a hit. They’re not just failing to make a profit. They’re losing money.
But what if you could somehow use that to your advantage? Imagine if you could go back in time and do things differently. Turn that losing short trade into a winning long? You could be turning the kryptonite of everyone’s trading nightmares into pure gold! Just think of it.
Well, that’s the whole idea of reverse trading.