Hello I am Alex Katsaros, the product manager of cMirror.
In today's episode we're going to talk about mirror trading and I am going to introduce
you to our newest product.
We're going to take a look into cTrader ID and we're going to find out how easy it is
to discover signal providers and strategies.
So, let's get started.
Let me briefly explain what mirror trading is.
Mirror trading is finding other successful traders and copying their trades, stop losses
and take profits exactly when they enter the market.
This way you can make the same return of investment (ROI) that they're making without actually
trading yourself.
Let's talk about cTrader ID.
It is your personal ID for all Spotware products and it's stores your trading accounts for
all brokers, so that you do not have to remember any accounts or passwords.
Please note that in order to log in to cMirror you need a cTrader ID.
For this demonstration I am going to use Spotware cMirror and Spotware cTrader.
So let's go to cMirror.
We already launched cMirror, you can do that by going to the Spotware page which is www.spotware.com
and clicking on cMirror, or if you type cm.spotware.com.
You can watch the introductory video that is going to come up, or you can just close
it.
You can already see the list of avaialble strategies in your screen even tho you're
not logged in to a cTrader ID.
I am going to show you how you can create a new account to mirror a strategy.
So let's click "Sign Up" to create a cTrader ID.
After you click "Sign Up" here the Spotware Connect window is going to come up.
You can enter your email address and click "Get cTrader ID" in order to create a cTrader
ID, or you can just log in with one click using your facebook or google account.
So let's enter our email where it says "Get your cTrader ID", and after you enter your
email and click "Get your cTrader ID", you're going to see the email that asks you to confirm
your email address in order to complete the cTrader ID registration.
The confirmation link has been sent to the email address that we have here spotwarel2trader@gmail.com.
So go to your inbox, find the confirmation link, copy the confirmation code, go back
to Spotware connect, and enter the confirmation code and press "confirm".
We have created a cTrader ID, but it doesn't have any accounts in order to mirror strategies.
So all you have to do is press the "+" button, and you can choose to create a new Live account
or demo account.
For the live account we have a selection of brokers here that they definitely are integrated
with cMirror, if your broker is not integrated with cMirror just let them know, or you can
create a demo account.
If you want to make money and mirror live strategies you have to create a live account.
For now let's just create a demo account.
Now that we have created our demo account, let's find a strategy to mirror.
Demo accounts can only mirror demo strategies, so let's select "Demo" from this list, find
a strategy that you want and click "Start Mirroring".
You select the account that you want to use, we only have one account, then select your
"volume percentage", the "volume percentage" what it does, it tells you how much percentage
of the strategy's volume you want to mirror.
If I select 50% I will mirror half the volume that the strategy is generating.
Then you click "Start Mirroring" and as you can see now I am mirroring this strategy.
Now let me demonstrate the process, what you have to do, if you already have cTrader, and
you have a trading account, and you want to go and mirror a strategy in cMirror.
For this we're going to use cTrader web.
So let's go to cTrader web.
In this scenario, we're a standard cTrader user, we've already logged in to our cTrader
account, and we may have, or may not have a cTrader ID.
In order to mirror strategies in cMirror, we can create a cTrader ID exactly as I've
shown you before, click on sign up, go to connect page and create a cTrader ID.
After you create your cTrader ID if you already have one, you have to log in to that ctrader
ID.
If you click "Log In" it requires that you enter your email or password.
You can always log in with Facebook or Google, but we're not going to show that.
If you don't know your password go to your Gmail and you will see that we've already
sent you your nickname and password after verifying your address.
So click "Log In" enter your email, or your nickname, then we enter the password, and
click "Log In".
If we go back to cTrader we will see that you have logged in to the cTrader ID and your
account has been linked to the cTrader ID.
Now that you want o mirror a strategy, in cMirror all you have to do is click on "Links"
and click "cMirror".
cMirror is going to open and you will already be connected to the same cTrader ID as you're
connected with cTrader.
So all of your accounts are going to appear on the left side, most probably you will have
some live accounts here as well, and all you have to do to mirror a strategy is again,
click a trading account, and just mirror the strategy.
If you have a live account or a demo account that you want to link to cMirror, without
going through cTrader, all you have to do is press the "+" button, type you account
number, type your password, link your account, and your account is going to appear here on
your list, and you can use it to mirror strategies.
In today's video we talked about mirror trading.
I've shown you the basics of how to use cMirror in order to find and mirror successful traders.
In the following videos we're going to talk about more details, like how to understand
if a strategy is good or not and how to minimize your risk.
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Don't forget to post a comment about what you would like to see next.
So, thanks for watching.