• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    How to Make the Right Decision before Investing in Crypto

    How to Make the Right Decision Before Investing in Crypto

    Decentralized Marketplace

    What are Decentralized Marketplaces?

    Cryptocurrency is Here to Stay

    5 Reasons Why Cryptocurrency Is Here to Stay

    Web3 Pets

    Spotlight on Web3 Pets – Will 2023 Be Their Year?

    Crypto Swapping

    A Definitive Guide on Swapping Cryptocurrency

    crypto casino games

    What Are the Most Profitable Crypto Casino Games?

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

4x.fm Launches a New Copy Trader Technology

Hellen by Hellen
June 27, 2022
in Crypto 101

Copy trading, also referred to as social trading, has been on the rise for more than a decade and is sometimes referred to as “mirror trading” or “auto trading.”

With the help of social media and an ever-expanding web, news and market analyses are disseminated quickly, making it possible to instantly follow other successful traders.

Social copy trading systems are made possible by investors who provide trading signals and join the market with fresh positions that others desire to duplicate, as well as by crowd power and enhanced sentiment data.

As a leading forex, CFD, stock, and cryptocurrency trading platform, 4x.fm has launched its own copy trading technology to help beginner traders get a head start while allowing advanced traders to scale up their trading portfolios.

In this 4x.fm review, we look at some of the key features and benefits of the new copy trader technology.

What Does It Mean to “Copy Trade”?

Using technology, you can copy the real-time forex transactions (forex signals) made by other live investors also known as trade providers.

The account will duplicate transactions every time they trade. Using 4x.fm copy trader technology, you can make a profit whenever the experienced trader makes a successful trade.

However, in order to control risk, choose the traders whose trading patterns interest you and then determine whether or not trades from those traders are likely to give you profit.

The best thing about 4x.fm copy trading is that the platform also gives you plenty of educational materials to help you determine which traders are worth copying.

You can find valuable content on their YouTube channel as well as on their Twitter and Medium pages. Traders can now choose 4x.fm to duplicate and execute transactions, manage risk and improve profits.

Key Features of the Service

Here are some of the main features and benefits of the copy trader technology:

Cloud-Based Technology

Because the Trade Copier is hosted in the cloud, you don’t have to worry about installing or maintaining any software or virtual private servers.

An easy-to-use web-based control panel makes it possible for you to keep an eye on the service from wherever you happen to be. To ensure fast trading and efficiency, the company’s maintenance team monitors the whole service 24 hours a day, 7 days a week.

The service is provided by high-performance servers that are powered by cutting-edge technology. End-to-end execution performance is continually being monitored and updated in an effort to minimize latency and enhance the service being provided.

In addition, the servers are housed in a financial services data center that is a global leader. The scalability, dependability, and responsiveness of the solution are all guaranteed 24 hours a day, 7 days a week.

4x.fm constantly updates its products with an excellent technological stack such as a memory-based core allows for lightning-fast transactions with an internal latency of less than a millisecond.

End-to-end execution performance is constantly monitored, and they have created fiber optic cross-connects with prominent brokers to further minimize latency.

Broker Compatibility

With over numerous servers now in service, the company is able to handle any MT4/MT5 broker in the world. FIFO and hedging limits may also be accommodated by copying between various brokers and accounts.

New brokers can be quickly and simply integrated by their customer service staff. This means that you can use the service to connect to other accounts you have on other brokers.

Scalability

After trading successfully for a long time, you may want to maximize your potential and grow your forex trading accounts as quickly as possible after you’ve achieved profitability.

Instead of just one, what if you had 15 trading accounts automatically executing a profitable deal with a high risk-to-reward ratio? It would take a long time to execute this manually, which is why trade copiers are needed!

This solution can be easily scaled up thanks to the network and design choices made by the team. The trade copier can handle up to multiple accounts at the same time, with little to no variation in performance. For brokers and money managers, this is an ideal option for handling your clients’ accounts.

Managing the Risks

A machine learning-powered risk management component keeps an eye out for things like position size, drawdown, and currency exposure.

If you plan on expanding your copy trading activities to a big number of customers, this is a must-have function.

Is Copy Trading Profitable?

Copy trading works the same way as you would when handling multiple accounts but it is a faster and more convenient method.

This means that you can either make money or lose funds depending on the person whose trades you are copying. In terms of profitability, your profitability is influenced by the traders you choose to replicate, as well as by the timing of those deals.

Make sure to follow their track record to determine long time profitability. If you have a small account, do your homework thoroughly before deciding on a plan.

Trading systems that are easy to replicate aren’t always the most lucrative ones. Your risk criteria must be in sync with the investment plan that best meets your objectives.

A more cautious investor, for example, may choose for a system with a smaller average loss per transaction in comparison to the average profit.

A more adventurous investor, on the other hand, may choose a strategy with more volatility, which implies a greater chance of loss — but also a greater relative potential reward.

Conclusion

4x.fm trading copier is a top-notch product when it comes to automating the copying of deals across a large number of accounts. The risk control tools and scalability and cloud hosting are ideal for traders with a big number of copier accounts, or brokers that want to enter into the copy trading sector.

As tempting as it may be to automate your trading technique in order to earn money, copy trading still demands active account management.

Keep in mind that it is not an overnight rag to riches method of making money. Your best option is to diversify your current portfolio and start small.

If done correctly and with the finest copy-trade brokers such as 4x.fm who will give tools to assist you to manage your account, copy trading can ultimately be quite profitable.

Previous Post

Best Mining Motherboard for Cryptocurrency in 2022

Next Post

How to Withdraw Money from Crypto.com

Hellen

Hellen

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

by Hellen
January 18, 2023

Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) are some of the cryptocurrencies widely reported in the media....

Decentralized Marketplace

What are Decentralized Marketplaces?

by Hellen
January 16, 2023

A decentralized marketplace is a network where trade and transactions take place independently and transparently.  This ecosystem offers minimum transaction...

Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

by Hellen
January 11, 2023

Cryptocurrency is changing the way we think about money and the economy. We will explore five reasons why cryptocurrency is...

Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

by Hellen
January 10, 2023

Web3 pets have come to revolutionize the idea of owning a pet while bringing color, fun, and possibly some crypto...

Crypto Swapping

A Definitive Guide on Swapping Cryptocurrency

by Hellen
December 21, 2022

If you’re new to crypto or have heard about swapping but don’t know how to do it, this definitive guide...

crypto casino games

What Are the Most Profitable Crypto Casino Games?

by Hellen
December 8, 2022

In this article, we will talk about what crypto casinos are, how they work, and what are some of the...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

January 18, 2023
Decentralized Marketplace

What are Decentralized Marketplaces?

January 16, 2023
Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

January 11, 2023
Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

January 10, 2023

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.