Correlations are when two assets are affected by the same catalysts. It is impossible to avoid all correlations, the market is intricately entwined, but you can avoid obvious ones.
The reason is simple; it defeats the purpose of diversification. My suggestion is for a copy portfolio to look something like this;.
The final tip and perhaps the most important is to manage your trades and your traders. Use the risk controls provided by the platform, they are there for a reason.
If not, even with a great platform and a good trader, you could come back to find your account wiped out. Copy trading via a robot increases risk.
Automated trading means you lose complete control of your trading. There are risk management tools that can be put in place — for example limiting total losses, or the number of losses in a row.
It is vital these tools are used. If the service does not offer them, look elsewhere. Copy trading is OK. The first line of defence is picking the best platform.
The next step is to actively copy trade and the above tips can help. Take control of your trading and be successful.
If you learn something along the way even better. As the biggest social network, they have the largest number of active traders. There are a huge range of traders, trading all sorts of assets.
These allow traders to copy an entire fund — the fund might be made up of assets, or indeed of traders who trade certain assets.
Risk management is also built in to the eToro platform with risk scores for every trader, and numerous settings that help copy traders control the amount of risk they expose themselves too.
Below is an area where you can search the eToro network for traders. Use the filters to narrow down the traders you are interested in:.
The last filter is an important consideration. Many traders can show a profit over a short period, but those that show consistent profit over the long term offer a safer investment, but perhaps a lower gain.
Withdrawal requests are processed during normal Cyprus business hours from Monday through Thursday between 9: With the exception of Platinum and Diamond accounts, which are not charged for withdrawals, 24Option charges fees for withdrawals from its Basic, Silver and Gold accounts as follows: The Gold account is entitled to one free withdrawal per month.
Their proprietary trading platform is also translated into 22 languages. The live chat attendant seemed rather slow to respond when tested several times.
In addition to its customer support department, the company offers a wide range of educational materials, such as daily market news and updates, live webinars and interactive eBooks.
Their Trading Central feature allows clients to access third party market analysis and historical data. The broker did have a recent issue with CySEC that reportedly resulted in a fine and citation in January of , although it appears that they have now addressed most of those problems.
The company offers telephone support in 12 countries, and its trading platform has been translated into 22 languages. In addition to offering traders incentives and benefits, the customer service personnel is courteous and professional, although they seem rather slow to answer their live chat service.
Also, the broker offers novice traders an extensive educational program. Visit Broker Back to top. Broker Information Company Name: MetaTrader 4 Web Based: See what our users say about 24Option.
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