Copy trading is a popular method in the Forex market where traders copy successful traders automatically. Copy trading is available through VT Market’s copy trading platform - VTrade. The software enables traders to copy the trades of professional traders around the globe and earn profits along with them. 

Setting up a copy trading account with the broker consists of three stages:

• Registration: Sign up on the VTrade portal and become a follower
• Select the trader you want to copy
• There are lots of different signal providers around the world. However, not all can be suitable for your risk tolerance, goals, and approach. 
• Start trading automatically: copy trading is a passive process of investing. Instead of you making all the necessary decisions, you are simply copying other successful traders. 

There are more than 100 providers to copy trade with VT Markets. Traders do not need huge capital for starting investing in copy trading. Live accounts can be opened using as little as 100 USD with this broker. 

You can become a signal provider as well. This way you can earn some additional income. However, it’s important to have a solid trading strategy in place if you are planning to offer copy trading services to other traders.

It’s important to note that there are many pros and cons when it comes to copy trading. The advantages include:

• Beginner traders get to watch how professional traders place orders, which can be a great learning opportunity. 
• Copy trading saves time. Traders that simply copy successful traders do not have to analyze markets and execute trades. The platform automatically places orders for you. 
• Helps traders to diversify their risks. It is possible to create several trading accounts and follow different traders. Diversification helps spread out the risks and you are no longer dependent on the performance of a single signal provider.
• Copy trading is a convenient way to make money. The account is easy to set up and use. It doesn’t take any preparation or special skill to copy others.

On the other hand, there are several drawbacks that need to be taken into account, including:

• Dependency on the signal provider: The success of copy accounts is entirely dependent on the performance of a trader that is being copied. And there are no guaranteed profits. Traders that copy from successful traders have zero control over risk management, trade selection, profit and stop loss targets, etc. 
• Costs: there are traders that offer free copy services, however, in most cases, traders need to pay for copying successful traders.
• Clients of VT Markets do not have a large pool of traders to copy. The broker only offers access to around 100 traders, which is very small compared to competitors. 
• Copy trading might be beneficial for beginners from the beginning, but it can be dangerous long term. Traders need experience in live trading to grow professionally. While demo trading is great for learning technical skills, demo accounts can never help traders prepare emotionally.

Many traders are not clear about what they are looking for, and many make the mistake of thinking that the trader that has increased his account the most is the best. In financial trading risks and rewards are positively correlated. The higher the risks, the higher the rewards. For investors, it’s more important to see well-managed risks rather than wild risks and huge profits. 

When selecting a trader to copy from an investor’s point of view, it’s important to consider several factors to ensure that you choose a trader who is a good fit for your goals and risk tolerance. Here are some of the key factors to take into consideration:

• Performance history: check the trader’s historical performance and track records, such as average returns, drawdowns, and risk-reward ratio. Pick a trader that has a consistent track record of profitability and a low-risk approach.
• Risk management: consider the trader’s risk management strategies, such as stop-loss placement and position sizing. Search for traders that use effective risk management techniques to minimize the risk of losing your money. 
• Trading style: take into account the trading frequency and the number of trades the trader makes. Select a trader whose trading style and frequency match your investment goals and risk tolerance. 
• Trading balance: unfortunately, the trading performance is shown in percentage points and not in sheer numbers. For example, a trader might double a 100 USD and this will be seen as 100% account growth. Is it wise to copy a 200 USD account trader when you intend to deposit 10,000 USD? Of course not. It is most likely that the trader will not be as invested in trading as you would want him to be. 

To sum everything up, VT Markets offers a 50 USD loss recovery option to traders that have opened new accounts and have lost money within the first 7 days of trading. This feature can be coupled with copy trading, which VT Markets also offers. On the downside, the number of traders to copy is very limited with this broker. Only around 100 traders are available to pick from. When copying a trader, it’s important to take into account drawdowns and risk management. For most investors, it’s more important to invest in consistently profitable traders than in wild risk-takers that promise huge returns.