[FX_loser]

The ForexCopy system of InstaForex enables the customers to online copy successful traders. Every user of the Instaforex ForexCopy system can follow money-making forex trading strategies by selecting the traders in the public monitoring list and copying them.

The right way is probably a combination of your individual trading and copying.

[will]

So can you tell me how to find successful traders ??

That's the major question here. Not the Trade copier

[thelastbear]

I personally stay away from all of those and think long-term they are a terrible idea, but then again I am a forex trader and not a forex copier. Additionally I do not like for some leechers to copy my hard work and reap the benefits of them. I think the best traders do not offer their services just like for the benefit of other traders. I know some operate PAMM accounts, but in general my best advice is lear how to trade so you don't rely on others.

[will]

I personally stay away from all of those and think long-term they are a terrible idea, but then again I am a forex trader and not a forex copier. Additionally I do not like for some leechers to copy my hard work and reap the benefits of them. I think the best traders do not offer their services just like for the benefit of other traders. I know some operate PAMM accounts, but in general my best advice is lear how to trade so you don't rely on others.

Hell yeah totally agree with you and I am on your side.

[Mike]

I'm on the fence about this actually. On one hand I wouldn't mind giving out free trade advice and letting others copy them, but I'm a 40-50% accurate trader (many small loses, fewer but far greater gains) yet still I am a profitable trader and most "copiers" would probably be very averse to copying someone that is really far away from being 100% accurate; just starting out and not knowing the game is really about keeping risk low and gains high I would gravitate toward the most accurate traders but probably to my own peril. This goes back to our ZuluTrade discussions where we saw most, if not all, signal providers strive for 100% accuracy at the cost of holding onto losing trades for weeks or months, forcing most new traders who didn't know any better to tag along for that deep roller coaster drop getting margin called (while the signal provider risked none of his own money). Things have changed over at Zulu that seem to prevent SP's from earning money if they are reckless like that, but still, I think it's not all in all an unnoble thing to earn a bit of profit off of your strategy for letting others follow you, it just adds to your bottom line like any business would try to do. You can argue that PAMM accounts are more noble a thing because your real money is on the line along with your followers, so you win, they win, you lose they lose, the only difference being you lose and many others lose a collective sum that far exceeds your loss depending on how many traders actually follow you.

On the other hand I would feel really awful if anyone lost money as a result of my mistakes, I know there's a few of us left in this business with a conscience enough to care about others, but maybe that's because I've been at the bottom struggling and know what that is like and I don't want to profit off of my failures (along with the successes).

Remember, the safest way to make money in Forex is not risking any money at all.