The team is excited to announce the soft launch of Copy Trading for iam-trader.com!
To help explain the copy trading system for users, let’s take a look at how copy trading works, how to set it up, and some FAQ’s for iam-trader Copy Trading!
What is Copy Trading?
Copy Trading allows users to copy professional traders! On iam-trader, users can search and check the trading data for hundreds of traders, find the trader they like, and follow them!
How do I start Copy Trading on iam-trader?
Go to copy.iam-trader.com and click sign up.
Find and select a trader that you want to follow
Select your margin USD
Select margin mode (Fixed Margin/Proportional Margin)
Fixed Margin allows you to set the per-trade margin for each copy trade. For example, if I set the Fixed Margin to 10 USD, each time the trader completes a trade, I will copy with 10 USD.
Proportional Margin allows you to set the margin on a per-unit basis. For example, if I set the Proportional Margin to 10 USD/unit, and a trader opens a trade of 2 units, I will copy with 20 USD.
This is the amount of principal for copied orders in a day. When you reach this amount, you will stop copying this trader until the next day.
Click Advanced Settings
Set Maximum Position Amount (USD)
Maximum Position Amount is the maximum amount of open principal for copied orders. Once the copied open order principal reaches this amount, no more trades will be copied until some open orders are closed.
By setting at 70%, the order will be closed when the trade reaches a 70% loss.
You’re all ready to go. Next time the trader makes a trade, you will copy them.
Tried to copy a trader but it isn’t working? Make sure your account is in Isolated Margin Mode, not Cross Margin Mode. In the trade section you can toggle between these two modes.
Ensure your funds are in the Fund Account, not Cross Margin Account.
What are the benefits of Copy Trading?
Copy Trading helps users to begin trading without having to know anything about trading. See what professional traders do, learn why, and when they make a profit you will get 100% profit with the trader. It’s a mutually beneficial relationship. What are the risks of Copy Trading?
The greatest risk a trader will face when copy trading is market risk. If the traders strategy is unsuccessful, they can lose money. Traders also face liquidity risk if the trading pairs have liquidity issues when markets are volatile.
Can I become a Copy Trader?
Sure! Anyone can become a copy trader. Just start trading on iam-trader, build up a profitable trading history and you can become a Copy Trader. As a Copy Trader, you will earn monthly basis service fee depend on how much USD you want to charge for your followers.