Auto-copying or independent Forex trading: which is better to choose?

There is still a widespread stereotype that in order to make money on the Forex market, it is necessary to trade independently, develop strategies and constantly monitor the market situation. However, there is another way to generate income – investing in auto-copying services for trade transactions. This approach allows you to earn money even for those who have no experience in trading.

In this article, we will look at both options: independent trading and copying transactions, and analyze their advantages and disadvantages. Also, as an example, we will analyze in detail the progressive autocoding service NPB Invest from the broker NPBFX. Investing in such a service can be the best solution for both beginners and experienced traders.

Forex earnings methods: self-trading and auto-copying

Auto–copying is the process of automatically duplicating the trades of professional traders on your live trading account. The investor (Follower) chooses a successful manager (Provider) of trading strategies, connects to him, and his trades are automatically copied in real time. This approach eliminates the need to study the market and develop your own strategy. The investor is only required to monitor the process in order to disable copying of transactions in time if the Provider starts making losses.

Independent trading. This method assumes that the trader independently analyzes the market, opens and closes trades, manages risks and develops trading strategies. This approach gives you full control over the account management process, but it requires deep knowledge, experience, and time to trade successfully. To reach a professional level, it may take more than one year of market research and practice on various types of trading accounts. In addition, at the initial stage, the risks of losing your own investments are quite high.

Comparison of two trading methods: pros and cons

1. Auto-copying

Advantages:

• It does not require experience and deep knowledge of the market
• Saving time
• The opportunity to follow successful traders
• Flexibility in choosing strategies and providers

Disadvantages:

• The possibility of losses if the chosen provider makes a mistake
• Commission for using the service (there is no NPB Invest service)
• Limited control over the trading process

2. Independent Forex trading

Advantages:

• Full control over capital and transactions
• The ability to flexibly adapt the strategy to changing market conditions

Disadvantages:

• High stress level
• It takes time and skills
• The possibility of significant losses in the absence of experience

Based on our analysis, it can be concluded that for novice traders, auto-copying is a more profitable option. It allows you to earn passive income and gain experience by following the strategies of professionals. Even for experienced traders, auto-copying can be useful, as it provides an opportunity to diversify risks and create additional sources of income.

NPB Invest autocoding service from NPBFX

NPB Invest is a unique service for auto–copying transactions of successful traders from dozens of countries around the world: China, Russia, EU countries, Egypt and others. It allows investors to select successful traders and copy their trades automatically. The investment platform itself belongs to the international STP/NDD broker NPBFX (NEFTEPROMBANK). The company has been providing brokerage services since 1996. It should be noted that the NPBFX brand was established in 2016, and prior to that time, for twenty years, clients were served by Nefteprombank JSC under a license from the Central Bank of the Russian Federation. Thanks to this, the new brand has inherited high banking standards of service and technical developments. The clients also have additional guarantees – insurance for 20 thousand euros from The Financial Commission. In this international SRO, NPBFX broker has the highest status of Category A. You can talk about the company for a very long time – the broker has an excellent reputation and offers profitable services for various purposes of traders. We suggest that you return directly to one of the most popular services - NPB Invest and consider it in more detail.

The principle of operation of the NPB Invest autocoding service

- A follower (Investor) registers with NPB Invest and opens a signal account.

- Selects a Trading Strategy Provider (Trader) from the available rating.

- Adjusts the copying parameters (investment size, risk level, profitability, etc.).

- The system automatically copies the trades of the trading strategy of the selected Provider to the Follower's signal account.

- The follower makes a profit depending on the success of the trades.

The minimum capital required to start copying is only $100. We should also note one more very important advantage of NPB Invest: The Follower (Investor) does not pay an additional subscription fee to the service for copying the Providers' strategies.

Rating of Trading Strategy Providers

NPB Invest service provides a rating of Providers based on their trading results. This is another unique development of NPBFX broker in a copy-trading platform based on artificial intelligence. For a more detailed review, we will allocate a separate section of the article to the rating. Why do we consider this information important for investors? The rating takes into account such indicators as profitability, risk level, maximum drawdown, number of subscribers, etc. This allows investors to choose the most reliable traders to copy their strategies. Pay attention to the screenshot below:

As you can see from the screenshot, one Provider may have several trading strategies in the rating. For example, like this trader from Russia. Any of the strategies can be studied in more detail by simply clicking on it. In the profile, you can find accurate information on strategy indicators, charts, etc. We will not lay out all of it in the article, we will focus only on one basic table, where all the necessary strategy indicators are reflected in numbers.

A more experienced investor can find here all the necessary information on profitability, risks, and trading style (for example, pipsing or medium-term trading). I would like to highlight one more important detail of the NPB Invest service. All the Providers here are real traders who can be contacted via the built-in chat. In addition, many managers leave their personal contacts in the description of strategies.

Reviews about NPB Invest

NPB Invest is popular among investors due to its simplicity and transparency of operation. Many people note the convenience of the platform, the ability to choose different strategies, and the stability of the service. Here are just a few reviews that we easily got from the first pages of the search results.

How to connect to the NPB Invest service and start copying trades

1. Register on the NPBFX broker's website.bsite. After registration, be sure to complete verification in your Personal Account.

2. Open a Signal Account in your Personal Account and top it up using one of the convenient methods.

3. Connect your Signal Account to the NPB Invest platform. It's quite simple to do this. When you open a Signal Account, you will receive an email with detailed instructions on how to connect to NPB Invest. Strictly follow these instructions.

4. Select a trading strategy from the rating and click the "Connect" button.

5. Adjust the copy settings depending on your profitability and risk goals.

6. Keep track of the results and adjust the settings if necessary.

Forex trading provides many earning opportunities, and you don't have to be a professional trader to earn income. NPB Invest auto-copying service from NPBFX allows even beginners to successfully invest by choosing the strategies of experienced traders. This is a modern and convenient way to earn passive income in the financial markets. Try yourself as an investor today!