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How does Mirror Trading Work?
Mirror trading works differently based on the type of broker you have signed up to. In most cases, you will find a mirror trading feature accompanying it. All the successful traders known as masters will showcase the stunning results of their accounts through this feature.
To implement mirror trading, you need first to select a master trader with the same asset (forex or stock options) as you, who believes in the same trading techniques as you (for example, day trading or swing trading) and, most importantly, those who can risk their appetite. After finding such accounts, you should tie your account to theirs and completely mirror their positions. What do you mean by that? Well, if they make a trade, you do the same.
So, now you know how you can do mirror trading. But just having an idea of that won’t suffice. You need to know some expert tips to make the most out of it.
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