Investopedia

Continue to Site »

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.

Articles Of Interest

  1.

    Exploring Non-Dollar Currencies For Forex Trading

    Learn how investments in foreign currencies can diversify your portfolio.

  2. 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.

  3. 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.

  4. 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.

  5. What Your Trading Charts Aren't Telling You

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

  6. Forex: The Memory Of Price Strategy

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

  7. Using Pivot Points In Forex Trading

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

  8. Seasonal Trends In The Forex Market

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

  9. Trade Forex On Herd Instinct

    Use caution and commonsense when making trades according to herd instinct – use stop losses, avoid complacency and plan your exit strategy.

  10. Trading The Non-Farm Payroll Report

    Discover how to trade the NFP report without getting knocked out by the irrational volatility it can create.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  2. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  3. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  4. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  5. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  6. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.
Trading Center