Nick Goold
How to Start Copy trading with Titan FX
Copy trading is a popular way to engage in the financial markets, especially for those who are new to trading or who prefer to rely on the expertise of others. Titan FX offers a user-friendly way to get started with copy trading. Here's how you can begin your journey.
Download App and Setup Account
Step 1: Download the Titan FX Social
Begin by downloading the Titan FX Social app from the download page. This app is your gateway to the world of copytrading with Titan FX.
https://titanfx.com/trading-platforms/download-centre
Step 2: Create Your Profile on Titan FX Social
Creating your profile is your first step into the Titan FX Social community. Here’s how:
- Open the App: When you use the app for the first time, create your profile.
- Fill Out the Form: Provide your personal information including email, password, first and last name, and phone number.
- Confirmation: After completing the form, you’ll be redirected to a confirmation page and will receive a confirmation email. Click the link in the email to confirm your account.
Step 3: Login and Link Your Account
Once your profile is set up, log in and link your Titan FX live account.
You can choose to link as a Copier or a Signal Provider.
Titan FX accommodates various account types including MT4/MT5, Standard, Blade, or Micro Trading Accounts.
Steps to Become a Copier
Step 1: Find a Trader
Use the "Discover Tab" in the app to search for traders. You can filter by criteria like the most profitable traders. Analyze the different traders and choose a trader that suits your trading style and risk preference.
Step 2: Start Copying
Select a trader and choose your trade size options, like Proportional by Equity, Mirror Master Size, or Fixed Size. Decide if you want to copy existing open trades and select your minimum trade size preferences. After agreeing to the terms, press "Agree and Copy".
On the Authorization page, please take a moment to thoroughly read through the terms. After understanding the terms, check both confirmation boxes to acknowledge your agreement. Next, click the "OK" button to proceed. You are now set up to copy the trader.
At this point, you have the option to set a maximum drawdown limit for your account. If you prefer not to set this limit right now, simply press "OK" to continue without making this adjustment.
Step 3: Set Max Drawdown
In the Account page, set your maximum drawdown with two levels: Soft Stop Level, and Hard Stop Level. These settings help manage risk.
If your "Soft Stop Level" is triggered, all copying will be suspended. No future copy trades will be placed on your account.
When the "Hard stop level" is triggered, all of your copy trades will close and copying will be suspended.
Steps to Become a Signal Provider
Step 1: Fill Out the Application Form
Link your live account as a signal provider and fill in the detailed application form. This includes personal details, trading experience, strategy description, and various verification documents.
Step 2: Set Your Fee
Once approved, you can set your performance fee in the Account page. This fee is a percentage of the copier’s profitability.
Copytrading with Titan FX is a straightforward process whether you are a copier or a signal provider. By following these steps, you can embark on a journey of financial trading with the support of a community and the convenience of a well-designed app. Always remember to trade responsibly and consider your risk tolerance.
Related Copy Trading Articles
- Copy Trading Guide 1: How to start copy trading as a follower?
- Copy Trading Guide 2: The Benefits of Copy Trading at Titan FX
- Copy Trading Guide 3: How to Start Copy trading with Titan FX?
- The Downsides of Copy Trading: How to Sidestep Common Pitfalls
- New Thriving in the Copy Trading World: A Guide to Sustainable Profits Article
