To register as a trader (money manager) of LiteForex’s Social Trading service, please follow the instructions below.
- Sign in to the Client Profile using your login (email address) and password from the Client Profile at LiteForex. Access the в “Settings”tab (the menu opens when clicking on your name) Click “Adjust” in the “Trader’s profile” line.
- Top up the trading account from which copy traders will copy trades in the “Finance” section.
- Determine your account settings: set your profit share, make your account available for copy trading in the Traders’ ranking, and provide Copy Traders with some information on your trading strategy.
As soon as you’ve made it accessible for copy trading, your trader’s account be displayed in the ranking.
Your account will go up or down as you trade based on the profitability of your trading.
How your profitability will be shown in the Ranking
Here’s an example.
Let’s assume a trader has increased his/her equity through trading from $500 to $550, registering 10% profitability.
The trader has opened new trades and decided to withdraw the profit of $50.
The aggregate equity amount becomes equal to $500 and the profitability remains at 10%.
The new trades turned out to be loss-making and the account equity dropped to $450.
One would think the profitability should equal 0%, but, as you may have noted, the account equity dropped 10.1%, not 10%, following the opening of the new trades.
As a result, the ranking shows the profitability at -1%.
The more equity changes due to balance operations, the more profitability will change in the ranking after another balance operation.