1, the first to be followed by the trader to send trading signals, trading signals initiated by the trader or EA terminal;
2, trading signals sent directly to the broker's server;
3, the investor's MT4 terminal to receive the trading signals to be followed by the followers of the transaction to follow;
4, The followers will continue to trade until the follower stops following the order service.
Second, follow the single classification
1, follow the single is divided into positive follow the single and reverse follow the single, but regardless of whether it is precisely the reverse, are not simply to comply with or against the market data, which is similar to a specialized discipline, need more than enough professional knowledge in order to better development, so follow the single transaction requires a systematic mathematical model, a strong analytical team and in-depth practical experience. Without these conditions, order-following trading becomes difficult.
2, positive with a single is to find professional know-how of the best traders, the use of single software to copy their trading data, into their own transactions. For investors, the lack of investment in professional level, not enough time to understand the market capital situation, the market fundamentals and technical aspects of the low level of research and judgment, resulting in very easy to lose. Positively follow the single is like having Soros to lead you to do a single, think about it all feel very good.
3, reverse with a single as the name suggests is the reverse with the trading list, the market most people do what direction, I do the opposite direction. As mentioned above, individual investors have 80% of the people are losing, then the reverse follow single can follow the "law of two or eight", the use of these loss of investor data as a reverse indicator, 80% of the loss into profit.
4, whether it is positive to follow a single, or reverse to follow a single, for the initial step into the market investors are better choices, the opportunity to profit will be at least higher than their own investment transactions, because of independent trading in addition to access to news, psychological state, execution, analytical ability will cause a great impact, the human nature of the obstacles are also difficult to overcome. Subjective factors are more difficult to eliminate, it may be worthwhile to use more objective data to do transactions.