FXML News: “Forex Copy” by InstaForex – Trade with their Smashing New Automated System

Written by: Dave Green • Monday, July 23, 2012 • 2 min read

• Last updated: Monday, July 23, 2012

Good news for all of you traders who are looking for cool, easy to operate automated trading systems!
InstaForex, one of the leading brokers in the world, finally introduce their new AutoTrading unique system that enables you to automatically buy and sell orders of successful Forex traders.

ForexCopy system combines two growing trends in the currency market:

1. Social trading, where you can follow and copy other traders online (there are several systems and social networks that allow you to do even more, like rank the traders or chat with them).
2. Auto Trading, which allows you to follow others' trading strategies with a simple click and enjoy their wins.

The ForexCopy system is a unique development by InstaForex group, and it brings a number of innovative features, such as choosing specific currency pairs and instruments that we want to copy. It also enables us to adjust a copying ratio if we wish.

I must say that I was impressed by two things in particular:

• Before choosing which trader or traders you want to copy, InstaForex have created for you the Public Monitoring page, displaying data, statistic and details on every trader. That way you can do a little research, viewing their habits, preferred currency pairs, winning rates, profits and more. The Public Monitoring is presented in a clear way, and guys, I must tell you that after reviewing many Auto systems, it is important issue!

• The other impressive thing is that you can adjust copying parameters to reduce your risk, including copying ratio, currency pairs to copy, number of deals copied each day, etc.

One of the InstaForex management team members said in a recent interview that the main idea behind the creation of the Forex Copy system is to create a sense of a unique trading club for their customers. He was talking about the idea that most of the online traders today are looking to take part and be members of a trading community, and Forex Copy gives a great solution for this, as it also answers another big need- auto trading.

• To attract new customers, InstaForex offer a 30% welcome bonus to anyone who joins their club, or starts trading with their system, plus additional bonuses and gifts which are well worth checking.