Mirror Trading

Filed Under »
Dictionary Says

Definition of 'Mirror Trading'

A forex strategy developed in the late 2000s that allows investors to copy the forex trading behavior of experienced and successful forex investors from around the world. Mirror trading was initially only available to institutional clients but was later made available to retail investors. Its automated nature can help prevent investors from making emotion-based trading decisions.
Investopedia Says

Investopedia explains 'Mirror Trading'

Mirror traders use a forex brokerage’s trading platform to examine the histories and details of various trading strategies. The trader then chooses a trading strategy from the available options based on his or her investment goals, risk tolerance, investment capital and desired currencies. When strategy developers execute their trades, these trades are duplicated in mirror traders’ accounts using automated software that operates 24/7.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Forex Forecasting Software

    An analytical ...

  2. Forex Analysis

    An examination ...

  3. Coattail Investing

    An investment ...

  4. Tailgating

    When a broker or ...

  5. Sidecar Investment

    An investment ...

  6. Momo Play

    A slang term ...

  7. Currency Arbitrage

    A forex strategy ...

  8. Scalping

    A trading ...

  9. Forex Trading Strategy

    A set of ...

  10. Automatic Execution

    A method of ...

Articles Of Interest

  1. No Forex Strategy Of Your Own? Try Mirror Trading

    There are many advantages to trading a mirror strategy, yet markets are dynamic, and regardless there is always a risk of losses.

  2. Seasonal Trends In The Forex Market

    Uncover the predictable behaviors of some currencies throughout the calendar year.

  3. Forex: The Memory Of Price Strategy

    Hate getting stopped out right before the price reverses? This forex trading strategy may help.

  4. Trade Forex With A Directional Strategy

    Opening long or short positions to cash in on a trend is one of the simplest ways to trade forex.

  5. Using Pivot Points In Forex Trading

    Learn to combine this powerful tool with traditional technical tools for greater returns.

  6. What Your Trading Charts Aren't Telling You

    You may be missing some key statistics when following charts in the market.

  7. Forex Trading The Martingale Way

    The Martingale system boasts a 100% success rate, if you have the money. Find out if this is the right strategy for you.

  8. Exploring Non-Dollar Currencies For Forex Trading

    Learn how investments in foreign currencies can diversify your portfolio.

  9. Trading Double Tops And Double Bottoms

    We look at how Bollinger Bands help accurately project entry and exit points for pattern traders.

  10. The Forex Three-Session System

    Market hours for Tokyo, London and New York determine volatility peaks. Find out why.
Sponsored links

comments powered by Disqus
Hot Definitions

  1. Love Money

  2. Shark Watcher

  3. Judo Business Strategy

  4. Dogs Of The Dow

  5. Chinese Hedge

  6. X-Mark Signature

Recommended
Loading, please wait...
See More »
Trading Center