7 Step how to join and copy trading in telegram
Create an account at wwww.carlfajaro.com/signup and watch videos about trading
Create an account in our recommended broker
Step 3
List of recommended broker
Create a demo account and log in to your account in mt4/mt5
Step 4
Telegram Copy Trading Orientation
Step 5
Join in our Telegram Channel
Step 6
Join here: Carl FX Telegram Channel
Observe and Learn how copy trading works
Step 7
Decide to deposit and use a real account to start making a profit in trading
Different types of trading orders and execution
- Buy & Sell Direct Execution
– Buy or Sell Direct Execution is a method of executing trades in forex trading where the trader buys or sells a currency pair directly at the current market price. This is done through the trader’s broker, who routes the trade to the interbank market where the trade is executed. This type of execution is fast and simple, but the trader does not specify a specific price for the trade, which means that the actual execution price may differ from the trader’s intended price. Buy or Sell Direct Execution can be contrasted with other execution methods, such as limit orders or stop orders, where the trader specifies a specific price at which they want to execute their trade, providing more control over the execution price but with the risk of not being executed if the market price does not reach the specified level.
2. Buy & sell Stop Pending Order
– A Buy or Sell Stop Pending Order is an order in forex trading that specifies a price level at which a trader wants to enter or exit a trade. If a trader wants to enter a long position on a currency pair at a lower price than the current market price, they can place a Buy Stop order. If they want to enter a short position on a currency pair at a higher price than the current market price, they can place a Sell Stop order. Buy or Sell Stop Pending Orders allow traders to automate their trading strategy and potentially capture favorable market movements. These orders are executed when the market price reaches or goes above/below the specified price.
3. Buy & Sell Limit Pending order
– A Buy or Sell Limit Pending Order is an order in forex trading that specifies a specific price level at which a trader wants to enter or exit a trade. If a trader wants to enter a long position on a currency pair at a lower price than the current market price, they can place a Buy Limit order. If they want to enter a short position on a currency pair at a higher price than the current market price, they can place a Sell Limit order. Buy or Sell Limit Pending Orders allow traders to wait for a specific price level to be reached before entering or exiting a trade, and are executed at the specified price level or better.
Stop Loss
– A stop loss order is an instruction given by a trader to their broker to automatically close out a trade when the price moves against them beyond a certain point. This allows traders to limit potential losses on a trade by ensuring that a position is closed out if the market moves against them. Stop loss orders are a crucial risk management tool for traders, but they are not guaranteed to be filled at the exact price specified and finding the right balance between risk and reward is important when setting them.
Take Profit
– A take profit order is an instruction given by a trader to their broker to close out a trade automatically when the price reaches a certain level of profit. This allows traders to lock in profits and exit the market without having to monitor the price constantly. Take profit orders are an important risk management tool for traders, but they may not be filled at the exact price specified and finding the right balance between risk and reward is important when setting them.
TP1, TP2, and TP3
– Are different take profit levels that traders may set for a single forex trade.
TP1 is the first level at which the trader intends to close a portion of their position to lock in profits.
TP2 is another price level at which the trader may close out an additional portion of their position.
TP3 is the highest price level at which the trader intends to close out the remaining portion of their position to maximize profits.
The use of multiple take profit levels can help traders manage their risk and profits, but they may not be filled at the exact price specified, especially during times of high volatility or low liquidity.
Breakeven Position
– Break even in forex trading refers to a scenario where the entry price of a trader’s position matches the current market price, resulting in no profit or loss. The break even point is important as it serves as a reference point for traders to manage their risk and lock in profits. Traders can use stop loss orders to protect their capital and prevent losses, and once the trade moves in their favor and reaches the break even point, they can adjust their stop loss order to lock in profits. Understanding the concept of break even is crucial for traders to make informed decisions and improve their chances of success in forex trading.
Partial Close Positon
– Partial close is the process of closing a portion of an open forex trade while leaving the remainder of the position open. This is usually done to lock in profits on a trade while still allowing the remaining portion of the position to continue to run in the market. Traders may choose to partially close a position manually or through automated trading systems. Partial close orders can be a useful risk management tool, allowing traders to manage their trades more effectively. However, it’s important to note that partial close orders may not be filled at the exact price specified, especially during times of high volatility or low liquidity.
Above Breakeven Position
– An above break even position in forex trading means that the trader’s position is currently in profit. Traders use break even levels to manage their risk and lock in profits. Once the position has moved above the break even level, the trader has the option to close the trade and take profits, or adjust their stop loss order to lock in some of the profit and let the trade continue to run. Managing positions above break even is essential for traders to maximize their profits and minimize their losses. This requires a good understanding of market conditions and the ability to make informed trading decisions based on sound analysis.
– The forex market is open 24 hours a day, 5 days a week, from Sunday at 5:00 PM EST (Eastern Standard Time) until Friday at 5:00 PM EST. In Manila, Philippines, this translates to Monday at 5:00 AM local time until Saturday at 5:00 AM local time.
However, it’s important to note that there are specific trading sessions within this 24-hour period when trading activity is highest. These sessions are the Asian session, the European session, and the US session.
In Manila time, the Asian session typically starts at 8:00 AM and ends at 5:00 PM, the European session starts at 3:00 PM and ends at 12:00 AM, and the US session starts at 8:00 PM and ends at 5:00 AM the following day. Keep in mind that these times may vary depending on daylight saving time changes in different regions.
Click here to updated session schedule
– One of the most important tools in a trader’s bag is risk management. Proper position sizing is key to managing risk and to avoid blowing out your account on a single trade.
With a few simple inputs, our position size calculator will help you find the approximate amount of currency units to buy or sell to control your maximum risk per position.
To use the position size calculator, enter the currency pair you are trading, your account size, and the percentage of your account you wish to risk. Our position sizing calculator will suggest position sizes based on the information you provide.
Compute your lot size here
– How much is each pip worth?
Our Pip Value Calculator will help you determine the value per pip in your trading account’s currency so that you can better manage your risk per trade.
All you need is the currency your account is denominated in, the currency pair you are trading, your position size, and the exchange rate asked to calculate the pip value.
Compute your pip here
Frequent ask questions!
Copy trading is a method of trading where an investor copies the trading strategies of a more experienced trader. In the context of Telegram, copy trading signals are sent by experienced traders, and followers can choose to copy those trades in their own accounts.
Copy trading signals are trading alerts sent by experienced traders on Telegram, giving their followers a suggestion to enter or exit a particular trade. These signals usually include details such as the entry price, stop loss, and take profit levels.
You can join a copy trading signal group on Telegram by searching for a group that offers copy trading signals and requesting to join. Some groups may require a subscription fee to access their signals. check here.
Following copy trading signals on Telegram can be safe as long as you choose a reputable group with a proven track record. However, there is always a risk involved in trading, and it is important to manage your risk properly.
To assess the reliability of a copy trading signal, you can look at the performance history of the group or individual providing the signals. Look for consistent profits and a low drawdown rate. You can also look for reviews and feedback from other followers of the signal.
Yes, it is possible to make money by following copy trading signals on Telegram. However, there is no guarantee of profits, and trading involves risk. It is important to manage your risk and not invest more than you can afford to lose.
The risks of following copy trading signals on Telegram include the risk of losing money due to market volatility or a signal going wrong. Additionally, there is a risk of fraud or scams in some copy trading signal groups.
The amount you should invest in a copy trading signal depends on your risk tolerance and investment goals. It is important to only invest what you can afford to lose and to diversify your investments.
The frequency of copy trading signals sent on Telegram depends on the group or individual providing the signals. Some groups may send signals multiple times a day, while others may send signals less frequently.
If a copy trading signal goes wrong, you may experience a loss in your investment. It is important to manage your risk properly and not invest more than you can afford to lose.
Yes, you can modify or stop following a copy trading signal at any time. It is important to monitor your investments and make adjustments as necessary.
To manage your risk when following copy trading signals on Telegram, you can set stop loss orders to limit your potential losses. Additionally, it is important to diversify your investments and not invest more than you can afford to lose.
While prior trading experience can be helpful, it is not necessary to follow copy trading signals on Telegram. However, it is important to understand the basics of trading and risk management.
Some copy trading signal groups may require a subscription fee to access their signals. Additionally, you may be charged fees by your broker for executing trades.
To choose the right copy trading signal group on Telegram, consider factors such as the group’s performance history, reputation, and the experience level of the traders providing the signals. Look for groups with a proven track record of consistent profits and low drawdown rates. Additionally, consider the fees and subscription costs associated with the group. It is also important to read reviews and feedback from other followers of the group to get an idea of their experiences.
Discliamer:
Forex trading copy trading involves significant risk and is not suitable for everyone. The past performance of any trading strategy or methodology is not indicative of future results, and no representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website or any other medium.
The information contained on this website or any other medium is for educational and informational purposes only and does not constitute investment advice. You should not rely solely on the information provided herein and should always do your own research and due diligence. Any trading decisions you make are solely your responsibility, and you should not rely on any information provided by us or our affiliates.
We do not guarantee the accuracy, completeness, or timeliness of any information on this website or any other medium, and we are not responsible for any errors or omissions, or for any losses or damages arising from the use of this information.
Copy trading involves the use of software to automatically copy trades executed by other traders. It is important to note that these traders may have different risk tolerances and trading objectives than yours. Therefore, you should carefully consider whether copy trading is suitable for you in light of your own financial situation, risk tolerance, and investment objectives.
By using our services, you acknowledge and agree that we are not responsible for any losses you may incur as a result of copy trading or any other trading activities. You also acknowledge that past performance is not indicative of future results, and you assume all risks associated with trading.