I recently started learning about Forex trading and, while doing so, about copy trading as well. The notion of copy trading intrigues me, as it requires very little knowledge or action on my part.
Not long after learning about this method of Forex trading, I learned that you can also do it with Bitcoin. As I have some BTC that has halved in value since purchase, I'm somewhat open to the idea of risking it in trading.
This is when I learned about 1Broker. It allows Forex trading using BTC. Typically I would approach something like this with extreme caution, but I did not see any red flags upon investigation. I could always be wrong, but again, I can afford a little bit of risk with the .005 BTC I decided to try with the service.
Click here to join me and try for yourself.
Upon review of available traders to copy, I saw that each trader is assigned an easy-to-understand risk level. As much as I want to see massive gains, I selected a trader with a risk level of 2. A lower risk generally corresponds to lower returns, but really what we're looking at in terms of traders is whether they're seeing massive losses alongside of gains. I, of course, want to minimize losses as much as possible, so I'm aiming for lower risk.
Now, if you're looking for some action, then you'll want to go for a higher-risk and higher volume trader. You'll potentially see higher returns, but be subject to greater potential losses. It's a more thrilling ride if you can stomach it.
I'll report back with results from my copied trades. If all seems to go well, I'll be putting in more bitcoin. Feeling lucky? Come join me on 1Broker.
P.S. I actually just checked and my positions are up a little! That's pretty good!