The mirror trading method suggests trade recommendations in real-time and/or executes orders automatically on a trader’s behalf. This approach to trading is often preferred by first-time traders and traders who want to execute orders with minimized emotion.
FXDD Mirror Trader now provides a simple user-interface in which a client can select and mirror over 50 strategies that can be executed on twenty-nine currency pairs. The system evaluates past profits and risk to suggest which strategies may be most appropriate for current sentiment. Once a strategy is selected, the trader can back-test it against historical data to review its risk and profitability profile. Exclusively through FXDD, clients can run Mirror Trader commission free. The only cost a trader pays is the bid/ask spread on the FXDD MetaTrader 4 accounts. Note that past performance is not an indication of future results.