How Much Can People in America Earn with a Forex Trade Copier?

With copy trading platforms like the Allmarketstrading System growing in popularity, more lay investors in America are dipping their toes in trading. The prospect is pretty enticing. All you have to do is put down some amount and an online trade copier mirrors the position of an experienced forex trader. When that experienced trader makes a profit, so do you.

The big question is, how much can people in the USA earn with an forex trade copier? Well, the Allmarketstrading System has a profit factor of 1.92. That means for every 1 dollar that you lose, you gain 1.92 dollar. The gain is bigger than the loss, which (obviously) puts you in a profitable position.

Illustration

If, for example, in one month your gross loss amounts to  $5,000 dollar, then within the same month your gross profit will be $9,600 (5,000 x 1.92). In other words, you’ll have made a net profit of $4,600 (9,600 – 5,000).

The example above is only applicable if you’re using the all markets trading system. Some online trade copiers have lower profit factors, which means that although you’ll make a profit, it will be a smaller amount. Others have a profit factor of less than 1, which means you’ll lose money.

So, how much can people in the USA earn with a forex trade copier? It boils down to the forex trade copier you choose. But before we go into further details, let’s first look at what a forex trade copier is and how it works.

What Is an Forex Trade Copier and How Does It Work?

An online trade copier is simply a program that allows you to copy the trading position of another trader. When that other trader (strategy provider) opens an investment trade, their exact action will be duplicated on your trading account.

That’s why it’s at times called an auto trade copier – because it automatically mirrors the trading position of one account onto another account. When the first account makes a profit, so does the second.

The converse is also true. If your strategy provider makes a loss, so do you. For that reason, your strategy provider should be someone who wins more than they lose. Ideally, their profit factor should be closer to 2 and never less than 1.

Copy trading is a popular tactic that’s used by new forex investors who don’t have the experience to come up with their own strategies. It, therefore, makes sense to give it a go if you’re new to forex trading. You basically get to earn profits from someone else’s skills.

Can You Make Money from Copy Trading in the USA?

The short answer is yes, you can make money from forex copy trading in America.

However, as with all markets, forex traders are different and often make different choices. One trader might have a win rate of over 80% while another might have theirs below 50%.

A win rate is basically the number of trades that the trader wins out of all their trades. If, for instance, they make 10 trades per month and win 7 of them, then their win rate is 70%. That’s pretty good.

The higher the win rate, the better. Ideally, you should only copy traders whose win rate is over 50%. It means they win more than they lose. The Allmarketstrading System, for example, has a win rate of 82.07%, which is (by all measures) a superb value.

If you invest Ksh.10,000 based on the Allmarketstrading System strategy, then you have an 82.07% possibility of making a profit and only 17.93% of making a loss.

Therefore, cycling back to the question: can you make money from copy trading in America? It all depends on who you copy. Copy a winning strategy and you’ll make money. If you go with a strategy provider whose win rate is less than 50%, chances are you’ll not make money.

How Much Money Can You Earn with A Forex Trade Copier in America?

The amount you can earn depends on two things: the trader you’re copying and the amount of money you have invested.

As already mentioned, if you copy the strategy of a trader who has a high win rate, then you’ll make more money. At the same time, your exact amount of profit fully depends on the size of your investment.

Let’s say you have $ 20,000 to invest. And since you’re new to forex, you go ahead and use an online trade copier to copy to trading position of an experienced trader who makes an average of 15% profit. In that case, you will also earn profit at a rate of 15%. Therefore, you’ll make $ 3,000; calculated as 15/100 x 20,000.

If you double your investment to $40,000, your profit will also double to $ 6,000. Along the same lines, if you copy the strategy of a trader whose percentage profit is higher than 15%, then your profit will also increase.

The risk of investing more is that if the strategy fails – which it does occasionally – then your loss will also be bigger. In other words, copy trading presents a high risk-high reward scenario.

So, why are we giving profits in percentages? Because oftentimes a trading platform won’t show you the actual amount that a strategy provider makes. That’s private and personal information. You’ll only see their percentage profit. When choosing a strategy provider to copy, always aim for one whose percentage profit is the highest.

Better yet, you can save yourself the hassle of shopping for a worthy strategy provider and simply copy the positions of top traders from the Allmarketstrading System. They have a proven track record of winning in the forex market.

Steps to Start Earning with the All markets trading Forex Trade Copier

One good thing about the Allmarketstrading System is that it makes it easy for beginners and experienced traders to invest. In just four simple steps, you can be interacting with seasoned traders and using their skills to earn money.

1. Create an account: download and sign up to the IX Social trading app. It not only gives you access to the markets – including forex – but it also allows you to view profiles of top traders and auto-copy their strategies.

2. Choose a preferred trader: after reviewing all the experienced traders, you can go ahead and choose those whose risk profiles match yours. Set your IX Social trading app to automatically copy their positions when they make trades.

3. Determine how much money you want to invest: you can invest from as little as $.1,000 to as much as $.1,000,000. Whatever the amount, when your strategy provider makes a profit, you will too in the same ratio. The best part is that using this online trade copier costs exactly. $0 per month.

4. Pick trading skills: as you monitor your investment, you’ll get the chance to examine the strategies of top traders. You’ll understand how and why they came up with certain positions. That will help you, in the long-term, to better understand the market and learn how to develop your own strategies. With time you can become the strategy provider and share your positions with other traders for a reasonable fee.

Want to learn more about making money in America with an auto trade copier? You can find more info here.