Top 3 Strategies for Master Copy Traders
Copy trading has become more popular as new traders seek to copy an expert trader. Rather than paying expensive management fees, copy trading allows traders to place the same trades that an expert does for a small fee, which is typically around 5 to 10% of the follower’s profits.
Copy trading is also beneficial for the expert traders — also called master traders — as they earn additional income on top of the trades they’re already placing (since the master trader earns 5 to 10% of the profit that their followers make). In this article, we’ll cover three strategies for master traders to consider.
Who Is the Master in a Copy Trader Relationship?
A master trader is an expert trader who allows their trades to be copied by others and, in return, receives a profit share from the copied trades.
In order to increase the profit share from followers, the master trader will need to: