Follow the Strategies of Experienced Traders
For some, lack of experience or time can make trading forex difficult. Fortunately, automated trading on Mirror Trader can help by allowing you to follow and copy the strategies of experienced forex traders with a single click.
What is Mirror Trader?
Mirror Trader capitalizes on automated trading, an increasingly popular trend in forex trading. With Mirror Trader, you can follow and copy any of our hundreds of strategies, each one developed by experienced traders around the globe to perform over a wide range of market conditions and currency pairs.
Automate your trading in three steps
You might not have years of trading experience, but in just three steps Mirror Trader lets you trade like you do.
Begin by determining your trading objectives. Browse through past performance data to locate a qualified strategy that meets your trading goals. Then activate automated trading. All trades made by the strategy you follow are automatically copied on your FXCM account—including stops and limits to manage your trading risk.
Stay in control of your account
Mirror Trader lets you take advantage of experienced traders, but you remain in control over your account. You can turn automated trading on and off whenever you want. So you're never locked into following a trader for any period of time. Plus, there are no performance or maintenance fees to copy trades on Mirror Trader.
Simulated Performance Results: These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. Additionally, please be advised that performance figures are based on systems that are not subject to NFA's rule regarding FIFO execution.
Hypothetical Trading: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
You should not regard any transaction proposal or suggested automated or manual trading strategies as investment recommendations or advice. You must rely on your own judgement for any investment decision you make in relation to your account.
Price: Orders will always execute based on the pricing structure of the client's account no matter what is displayed on the platform. The price quoted under this specialty platform is for reference only.