My Journey Into Copy Trading: An Exciting New Opportunity
If you’ve been following my blog posts or emails this week, you’ll know that I’ve been outlining the key focus areas in my affiliate marketing business, especially in the make-money-online niche. Over the past couple of days, I’ve introduced you to my affiliate and social media funnel—the pathways I’m creating to help people generate income through affiliate marketing.
Today, however, I want to shift gears and talk about something new I’ve got involved in. While this opportunity does have an affiliate marketing component, the focus of this post will be on copy trading—a method for getting into the financial markets with minimal effort. Don’t worry, though! Tomorrow’s post will cover the affiliate marketing and business-building aspects of this opportunity in more depth.
My Initial Interest in Trading
I’ve always had an interest in trading the financial markets, so this isn’t entirely new for me. Several years ago, I paid a hefty four-figure sum to take a training course on trading. Unfortunately, life got in the way (primarily due to running my businesses), and I had to put trading on the back burner.
Fast forward to now, and I recently stumbled upon a TikTok video that reignited my interest. The person in the video was talking about copy trading—a way to follow experienced traders and copy their trades automatically. What intrigued me even more was the mention of using AI software to help make profitable trades while taking some of the heavy lifting off your shoulders.
Why I Chose Copy Trading
For those who aren’t familiar, copy trading is a system where you can replicate the trades of experienced traders. These traders send out alerts detailing whether to buy or sell, the price to enter the trade, and the stop loss and take profit figures. All you have to do is input this data into your trading platform, and you’re good to go. It’s a fantastic way for beginners to get involved in trading with minimal knowledge or experience.
Now, I know that forex trading has a bit of a shady reputation, and scams are rampant in this space. That’s why I did my homework before diving in. After asking plenty of questions and doing my research, I was reasonably confident that this opportunity was legit. So, I signed up at a cost of $149 (I personally often have a discount offer, so feel free to ask if it’s available at the moment). After the first month, the price drops to $99 a month.
How Copy Trading Works
I decided to start my copy trading journey by subscribing to a service where I receive daily trade alerts from experienced traders. On average, I get 4 or 5 trade alerts a day. These alerts tell me:
- Buy or Sell – The direction of the trade.
- Entry Price – The price point where I should enter the market.
- Stop Loss – The level at which the trade should automatically close if it moves in the wrong direction.
- Take Profit – The target price where the trade should automatically close with a profit.
One thing I do have to calculate myself is the lot size, which is based on the size of my trading account and the amount of risk I want to take. Personally, I use a 1-3% risk per trade rule to manage my exposure.
Once I have all this information, I enter it into my MetaTrader 4 platform, press either “buy” or “sell,” and that’s it! It’s really as simple as that.
The Results So Far
The traders I’m following have historically achieved a win rate of over 80%. Of course, historical performance doesn’t guarantee future results, but it’s a solid indicator of the system’s effectiveness.
Before jumping in with real money, I decided to trade on a demo account for a couple of weeks to get back into the groove. After making some decent virtual profits, I felt ready to go live. But as luck (or Sod’s Law) would have it, the first couple of weeks didn’t go as planned. Due to a couple of stupid errors on my part, my account took a 10% hit.
While this was a tough pill to swallow, I’m not too concerned. Even with an 80% success rate, not every trade will be a winner. That’s just the nature of trading. What’s important is managing risk, protecting your bank, and sticking to a solid trading strategy. I’ve learned that with proper risk management, losses are a part of the journey but can be overcome in the long term.
Learning to Trade Independently
In addition to copy trading, I’ve also started training on a tool called the Manara Scanner. This tool helps traders identify profitable trading opportunities more easily. I’m an early riser, so I’ve been dedicating an hour each morning to analyzing potential trades using this scanner. For now, I’m sticking with paper trading (trading without real money) until I’m consistently picking winners. My goal is to hit 8 out of 10 successful trades before going live on my own trades.
The Power of Community
One of the things I love most about this journey is the supportive community that comes with it. Everyone shares their results, tips, and experiences, which keeps me motivated. While I’d love to show you a screenshot of my account with hundreds in profits from my first month, I can’t. But I can show you a screenshot from another member of the community who turned a £1,000 starting bank into £12,500 in just seven months.
Final Thoughts
I’m excited to continue learning and growing in this space. Copy trading is a fantastic opportunity, especially for those who are new to trading. With the right tools and strategies, it’s possible to see significant success over time. If you’re curious about getting started or have any questions, feel free to reach out!
Tomorrow, I’ll be shifting focus back to the affiliate marketing and business-building aspects of this opportunity. Stay tuned, and as always, feel free to reach out if you have any questions or want to learn more about how you can get involved!
If you’d like to watch a 29minute video presentation about the trading opportunity please CLICK HERE