Mirror Trader takes Forex trading experience to new level: with a choice of manual, automatic or semi automatic trading traders are flexible to execute own strategies or follow the signals and strategies provided by other investors.
Mirror Trading is the core concept behind the unique offering of the Mirror Trader, Tradency’s innovative trading platform. The Mirror Trader provides technology for retail clients that until recently had only been available to institutional traders.
The Mirror Trading concept is quite simple: Tradency servers keep track of strategy developers’ “Buy” and “Sell” signals. By using the Mirror Trader platform, traders can view, analyze and evaluate signals sent by experienced traders and execute the signals in their own account.
Strategy developers from around the world share their knowledge with users of the Mirror Trader platform. Tradency records all strategy developers’ “Buy” and “Sell” signals. This information assists Mirror Trader’s users to decide which strategy’s signals they would like to have executed in their own brokerage accounts.
– Live Charts – Live market charts. Traders can analyze the chart by zooming in and out of the chart, changing time frames and choosing between different chart types.
– Chart Analysis – Indicator, oscillators and chart studies are available in one click. In addition traders can see the distribution of open “buy” and “sell” position of users and strategies.
– Live Signals – A stream of all the “buy” and “sell” signals generated by the strategies providers. Traders can choose specific trades they want to “mirror” and execute in their account. Trader may also can use these signals to support their trading analysis.
– Strategies’ Filters – The key to successful mirroring is choosing the right strategies.The custom filters will identify suitable strategies according to the traders trading flavor and criteria.
– Strategies Performance – The Mirror Trader presents detailed summary of the strategies performance, helping traders making educated choices. In The strategy card traders can find in-depth information about the strategies.
– Trading Portfolio – The portfolio is the combination of the traders selected trading strategies for automatic mirroring. Creating an effective and balanced trading portfolio will diversify the traders’ investment profile. Each trade generated by one of the trader’s chosen strategies will be opened automatically in the trader’s account.
| Forex brokers | Mirror Trader | Minimum Deposit | Leverage |
|---|---|---|---|
| 3TG Brokers | soon | $500 | 100:1 |
| AvaTrade |  | $100 | 400:1 |
| ForexYard | | $100 | 200:1 |
| FXCM | | $50 | 50:1 |
| FXDD | | $1 | 50:1 |
| Invast Securities | | - | 25:1 |
| Markets.com | | $100 | 200:1 |
| Phillip Securities | | $5000 | 25:1 |
| YouTradeFX | | $100 | 500:1 |
| Do you know another Mirror Trader Forex broker? Please suggest by adding a comment below. |
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