It’s exciting to learn more about how FXT CopyPro can benefit you and how you can get started. This guide will walk you through each step of the way to make it a seamless experience.

About FXT CopyPro Investors

Investors have access to a range of strategies on the FXT CopyPro platform, where strategies can be viewed, analysed and of course, the important part, copied straight to your account. When a strategy is copied, the software automatically copies the strategy provider’s (trader) trades to your account so that you don’t have to trade yourself. When they make money, you do too.

The great part about being an investor is that you don’t have to put in work in order to reap the benefits of trading. This makes it an easy and stress free way to enter the markets without having to know or do your own trading. To get started, check out the First Steps to becoming an FXT CopyPro Investor.

Create Your Account

The first steps to becoming an investor are to create an account. Once you have created an account, you can sign in and start exploring the strategies that are available to you.

Explore the Strategies

By exploring the strategies on offer, you will get a feel for what traders can do for you as an FXT CopyPro Investor. You will be able to see their percentage returns along with a range of statistics to help you determine if the strategy works for you.

Define Your Desire

Once you have had a chance to explore the possibilities that come from the strategies provided to investors on the platform, it’s time to understand your needs a little more. Take some time to work out what you want from the strategy, is it a monthly or quarterly income, a long term ‘buy and hold’ compounding interest fund for your nest egg, perhaps it’s an account that will be used to treat yourself annually with a holiday or event. Understanding what you want out of a strategy will help shape your views on the statistics provided for each strategy.

Reverse Engineer

Before we dive into adding funds, let’s talk about the equation of reverse engineered income.

If you want a certain figure to be returned, and you have an idea of the average return required, you can work out the amount of funds you need to deposit to aim closer to your goals. The equation is set out below:

Desired Return in Dollars divided by percentage return for the period equals the capital required to achieve the desired return.

Here’s an example:

Let’s say John wants $2,000 per year to go on a nice weekend away each year. If there is an average annual return of 20% for the year, John would need $10,000 in the account to reach this goal (or possibly less due to the compounding effect that trading has). Remember compounding returns, coined as the 8th wonder of the world by Warren Buffet.

Now take Sally for example, she wants to pay her phone bill every month through her trading account, to take the edge off her monthly expenses. She wants about $100 per month coming in, so how much does she need to achieve this, if the Strategy she wants to choose returns an average of 5% per month?

$100 divided by 5% gives $2,000, so Sally would need about $2,000 in the account to reach her desired goals.

Other Things to Consider

Trading offers the potential for compounding returns, as mentioned earlier. These compounding returns are from trades closed that are profitable, leaving the account in a positive state, then the percentage return for the next trade is based on the new, higher balance. This effect allows for compounding returns in trading accounts.

Dollar Cost Averaging

Sometimes the goals we set, might be bigger than what we can afford to deposit right now. Often people will use Dollar Cost Averaging (DCA) to deposit an amount each month or quarter, into the account and allow it to grow through both trading and deposits over time.

This can be a great way to spread out the risk and grow the investment longer term.

Deposit Funds and Start Copying

To start copying a strategy, you will need funds to copy the trades with. Head to the Deposit and Withdrawal area and click Deposit. Choose your preferred deposit method from the options available and type the amount you would like to deposit.

Copy the Strategy

Now that you have an account set up, with funds in it, you are ready to start copying. The final step is to select the strategy you want to copy, and click “Start Copying”.

How it Works

The strategy provider will trade their account and their trades will copy to your account too. As the strategy provider earns profit, this will be reflected in your account also. The strategy provider is paid based on the percentage profit and their performance fee, plus the subscription fee if they have opted to charge one. The performance fee is calculated as a percentage of the profits earned during the period.

What Now?

Your account will copy the strategy you have selected on autopilot. You won’t have to lift a finger. When you want to withdraw your profits, simply head over to the Deposit and Withdrawal area and withdraw the desired available funds.