Hello there.
Im new to forex trading and i have a question.
I have an account on ic markets. My account is managed by a friend of mine. He is doing extremely well.
So what id like to ask is: is there a auto copier for forex ? Id like to oopen more accounts and connect them with my managed account. Is this even possible ?
Thanks for your help.
Yes it is possible. It’s called a linked account. Talk to your broker to find out if they offer it.
I would caution you against putting all your eggs in one basket however. If your friend creates a huge drawdown all your linked accounts will also go into drawdown.
If that’s really what you want to do then why not put the funds in the managed account? That would have the same effect.
You can also do it with trade copier EAs but it requires to run a PC or VPS 24/7.
But as QuadPip said it is not a good idea to put all your money to the same strategy.
If it goes well, it is fine but one mistake might devastate all your accounts