Mirror Trader – Forex trading platforms

Mirror Trader trading platform differs from other terminals where trading is performed. That is, you make deals, but not as usual – a huge amount of news, a large selection of instruments and an endless flow of information that falls on the head of a beginner who can not understand what is happening at all, starts to get lost and, of course, lose their money.

Before choosing a platform and a way to make money, it is necessary to decide on an important question – a broker. By the way, the MirrorTrader platform is offered by more than two dozen brokerage companies. We will not advise which broker to choose – we will not offer a list of binary options brokers, as well as the views of other traders who have experience in working with different companies, in the sections of feedback about MillTrade and others

Let’s focus on what the Mirror Trader offers. And these are real-time signals, as well as technical analysis tools. You can not only trade, but also choose effective strategies of more successful colleagues and copy them, which is easy enough even for beginners. You can be sure that the strategies you have copied will be really profitable, as you can only show the strategy after it has been tested by the developers. This is a good opportunity for experienced traders to try their hand at it.

It turns out that the user opens a huge “warehouse” of good strategies. And if he just starts to trade and can’t create his own yet, you can have data about which positions to open and do it manually. If you don’t want to, you can trade automatically.

Profits of the Mirror Trader

• When you use someone else’s good strategy, you earn money, or you can redo it on your own and achieve even better results.
• Each strategy is the result of enormous work and experience of professional traders, all of them are tested, so the risk is minimal, although it is always present.
• You can manage and control signals in real time, statistics also online.
• You choose your own closing time, and you can withdraw funds when you see fit.
• Practically all instruments have a small spread and there is no need to pay the manager.
• All signals you will receive in real time, give preference to any strategy, and thoroughly analyze its effectiveness.
• You can access a variety of technical analysis tools.

Select this platform or not – it’s up to you to find out what the advantages and disadvantages of this platform are and whether or not it’s right for you.

Shortcomings

• The platform is not easy, so the connection must be quality.
• In the first few pairs, you’ll have to break your head a little bit, but it’s easy to use.
• No access to the account via MetaTrader (for many traders this is a significant disadvantage).
• Sometimes we have to control the Equity of the account in order to stop the trader, who played a little bit, in time. The developers did not take care of the implementation of loss control.

Technical requirements

• Pentium II, MS Windows;
• CD/DVD-ROM;
• Monitor 800×600;
• OZU 128 MB;
• Connection speed from 56 Kbit.

List of Forex brokers using the Mirror Trader trading platform

• Fibo Group