Learn 2 Trade MT4 Copy Trading Service via Signal Start

1 October 2021 | Updated: 5 October 2021

MetaTrader4 (MT4) is the most sought-after trading platform in the global forex scene – not least because it comes packed with advanced tools and features that give you the best chance possible of predicting the market. This covers everything from technical indicators and chart drawing tools to simulators and custom order types.

However, if you’re not versed in the art of technical analysis – trading forex via MT4 can be a complete task. This is why Learn 2 Trade has launched its MT4 Copy Trading Service to our readers. Put simply, this will allow you to day and swing trade forex through MT4 without needing to lift a finger. Instead, you will be copying the buy and sell positions of our experienced traders like-for-like in a fully automated manner.

Read on to find out more about how our MT4 Copy Trading Service can take your forex endeavors to the very next level!

 

Learn 2 Trade MT4 Copy Trading Service

Top-Rated Program

  • Trade Forex in a 100% Passive Nature
  • Automatically Copy the Positions of our Expert Traders
  • No Prior Experience Needed
  • Place up to 20 Forex Trades Every Day
  • Low Fees and Cancel Any Time

 

Table of Content

     

    Learn 2 Trade Copy Trading Service – Overview

    In its most basic form, the Learn 2 Trade Copy Trading Service will allow you to trade forex in a fully passive way. The reason for this is that you will be ‘copying’ our buy and sell positions like-for-like, at an amount proportionate to what you invest. Like most seasoned traders in this industry, the team at Learn 2 Trade utilizes MT4.

    This third-party platform is extremely popular with experienced investors – as it offers a vast range of advanced tools that cannot be accessed elsewhere. The key problem for newbies attempting to use MT4 is that the platform can seem somewhat complex for those without a firm knowledge of core trading principles.

    Fortunately, Learn 2 Trade is now able to give you direct access to our team of traders –  meaning that you can copy our positions 24 hours per day, 7 days per week – without needing to lift a finger. This is now possible through an integration with Signal Start – which allows us to connect our MT4 account with subscribers of our Copy Trading Service. For those unaware, Signal Start is owned by MyFXBooks – the highly reputable platform that allows traders to transparently share their results with the general public.

    Examples of our MT4 Copy Trading Service

    The Learn 2 Trade MT4 Copy Trading Service operates in a very similar nature to a classic MAM account. This is because you will be investing your capital into a seasoned trader that has a long-standing history in the forex trading scene. This means that any profits the trader makes from their own buy and sell positions will be replicated in your own MT4 account.

    If you’re completely new to this concept, let’s start with a simple example of how the Learn 2 Trade MT4 Copy Trading Service works in practice:

    • Let’s suppose that you invest $5,000 into the Learn 2 Trade MT4 Copy Trading Service
    • Throughout the month, our team of traders will place forex orders
    • The first order sees our trader risk 1% of our capital on a GBP/USD long order. This means that you will also risk 1% of your capital on this trade – so that’s $50
    • The trader closes the GBP/USD position a few hours later at a profit of 5%. Naturally, you also close the position.
    • On your stake of $50 – you made gains of $2.50

    Now, there are some important points to note about the above example. First, you were able to generate a profit of 5% without needing to do any research or place any market hours. On the contrary, everything was fully automated. Second, our traders will be placing positions throughout the day – sometimes at a frequency of up to 20 trades. This means that your MT4 trading account balance will go up and down throughout the month.

    Now let’s look at another example to ensure you have a firm grasp of how our MT4 Copy Trading Service works.

    • Let’s say that one month has passed since you signed up for our MT4 Copy Trading Service. You originally invested
      $5,000 – but your balance now stands at $7,500
    • The first trade of the following month, our trader risks 1% of our capital on a EUR/TRY short position
    • This means that you are risking $75 on this trade
    • This is a swing trading position that remains open for several days. The trader eventually closes the trade at a profit of 10%
    • You also close the position – and your 10% profit amounts to gains of $7.50

    As you can see from the above, by deploying the same bankroll management strategy as our traders, your position stake increases as your capital grows.

    How Does the MT4 Copy Trading Service Work?

    In the sections below, we are going to walk you through the step-by-step process of how the Learn 2 Trade MT4 Copy Trading Service works. This includes a full overview of how to get started, what fees you need to consider, and what MT4 settings you need to implement to get the most out of our service.

    Note: The Learn 2 Trade Copy Trading Service is also compatible with MT5! If you would prefer to use MT5 for our service, you can follow the same steps as outlined below.

    ▶️ Step 1 – Open an Account With an MT4 Broker

    Make no mistake about it – the only way that you can trade via MT4 is to have an account with an online broker that is compatible with this third-party platform. This is because MT4 sits between you and your broker – so the latter is required to access the live forex markets.

    That is to say, when you place an order via MT4, it is actually the respective broker that executes the trade. If you already have an account with an MT4 broker, you can skip to Step 3. If not, we found that the best platform in this space is EightCap. If you’re a US client, LonghornFX is a great option.

    • EightCap: This ASIC-regulated broker offers super-tight spreads and low fees, alongside fast execution speeds and premium liquidity.
    • LonghornFX: If you’re looking for a top-rated MT4 broker that is US-friendly, look no further than LonghornFX. As an ECN provider, you will get some of the most competitive spreads available in the forex markets.

    As always, make sure you do your own research prior to choosing a broker. Nevertheless, Once you have selected a suitable MT4 broker, you will need to open an account. The three providers listed above allow you to do this in a matter of minutes – as it’s simply a case of entering your personal information, contact details, and choosing a username and password.

    Trading CFDs and FX Options entail risk and could result in the loss of your capital.

    ▶️ Step 2 – KYC and Funding

    Now that you have an account with an MT4 broker, you will need to quickly upload a copy of your government-issued ID. This is because you will be accessing the global forex markets through the broker – so it must ensure that your identity is verified before getting started.

    Fortunately, the three aforementioned brokers utilize automated KYC technologies – meaning that your passport, driver’s license, or national ID card will be validated in less than two minutes. Once you receive an email confirming that your account has been verified, you can then deposit some funds.

    You can typically choose from a debit/credit card, bank wire, or e-wallet for this purpose. Take note, although the minimum deposit at popular MT4 brokers is around $100 – Learn 2 Trade suggests adding at least $1,000. This will ensure that you have sufficient capital for our MT4 Copy Trading Service – as our traders will often enter up to 20 positions per day.

    Once you have made a deposit, you can proceed to download the MT4 platform to your desktop device – and log in with the username and password you elected to use when you registered with your chosen broker.

    ▶️ Step 3 – Register With Signal Start

    At this stage of our walkthrough, you should now have an account with your preferred MT4 broker. The next part of the process is to register with Signal Start. The reason for this is that Signal Start offers innovative technology that allows our subscribers to connect their MT4 account to the Learn 2 Trade service.

    Fortunately, Signal Start will only charge you $25 per month for this integration – which we would argue offers great value. After all, you will have the capacity to trade forex around the clock in a fully passive nature – without needing to perform any research or place any market orders!

    ▶️ Step 4 – Copy Learn 2 Trade

    Once you have registered and paid for your $25 subscription, you will then be asked to connect your MT4 account to Signal Start. Next, you will then need to head over to the Learn 2 Trade profile on the Signal Start website – which you can access by clicking on the link below:

    It is important to note that Learn 2 Trade charges a monthly fee of $150 to utilize our MT4 Copy Trading Service. This is a promotion that we are currently running – so users registering after this concludes will pay a higher fee.

    We believe that a fee of $150 offers exceptional value for money – especially when you consider that you will be trading through the eyes of a proven forex investor with a verifiable track record. That is to say, once you elect to copy Learn 2 Trade, you will be actively trading the forex markets without needing to do any of the work.

    Note: You are never tied into a subscription that you are unable to get out of. On the contrary, you can elect to cancel your Learn 2 Trade Copy Trading Service at any given time.

    ▶️ Step 5 – Configure Copy Trading Paramters

    The final part of the process is to set up your Copy Trading parameters, which you can do directly from within your Signal Start account.

    We would suggest adopting the following rules:

    Copy stop loss and take profit values: Yes
    Copy Buy Trades: Yes
    Copy Sell Trades: Yes
    Limit Total Lots: Start with a max of 0.1 until you are comfortable to increase
    Limit Total Open Trades: No
    Balance Stop: Yes 20% of the funds in the account used to copy our trades
    Drawdown Stop: Max 60% to allow for swing trades
    Fixed Lots: (Example) On a $1000 0.01 Lots on a $10,000 account 0.1 Lots
    Multiplier: Set to 0.5 which is half the lots we use, then feel free to increase to 1.0 until you are comfortable

    Once you confirm the above settings – you are good to go!

    ▶️ Step 6 – Trade Forex Passively

    If you have followed all of the steps outlined above, there is nothing else for you to do. That is to say, you should have:

    • A fully-funded account with an MT4 broker
    • Downloaded MT4 to your desktop device
    • Registered with Signal Start and paid for your subscription
    • Copied Learn 2 Trade via Signal Start
    • Set up your Copy Trading parameters

    If so, you will immediately start enjoying a passive forex trading service in a fully automated manner! Therefore, any buy and sell positions that our traders place will automatically be mirrored in your own MT4 account. You can keep tabs on what trades are being placed either through the MT4 platform or by signing into your online brokerage account.

    Learn 2 Trade Copy Trading via MT4 – Pros and Cons

     

    The Pros

    • Trade forex in a 100% passive nature
    • Tap into the thought processes of our seasoned forex traders without needing to do any of the work
    • All risk-management parameters installed
    • Up to 20 forex trades placed per day
    • Cancel at any time
    • Also compatible with MT5

    The Cons

    • Not compatible with demo account

    Learn 2 Trade Copy Trading via MT4 – The Verdict

    Although millions of retail clients now trade forex online – very few make consistent gains. This is because to trade forex successfully over the course of time – you need to have a firm grasp of technical analysis. And – the very best platform for this purpose is MT4 – which comes packed with advanced trading tools and charting features.

    This is where Learn 2 Trade comes in. Put simply, by signing up for our Copy Trading Service – you can actively trade forex throughout the day – but in a fully passive nature. This is because any buy or sell positions that our traders’ place will automatically be mirrored in your own MT4 account.

     

    Learn 2 Trade MT4 Copy Trading Service

    Top-Rated Program

    • Trade Forex in a 100% Passive Nature
    • Automatically Copy the Positions of our Expert Traders
    • No Prior Experience Needed
    • Place up to 20 Forex Trades Every Day
    • Low Fees and Cancel Any Time

    FAQs

    How does the MT4 Copy Trading Service work?

    As the name suggests, you will be copying the buy and sell positions of our seasoned traders in a fully passive nature. For example, if our trader risks 1% of their capital on a GBP/AUD long order, you will do the same. As such, if you invested $1,000 into the Copy Trading Service, you would risk $10 on this position. This is achieved without needing to do any of the work - as everything is 100% automated!

    What are the fees for the MT4 Copy Trading Service?

    There are just two fees that you need to consider when using the MT4 Copy Trading Service. First, you will be required to pay $25 per month to Signal Start. This is because Signal Start provides a safe and secure avenue for our subscribers to utilize our MT4 Copy Service. Next, Learn 2 Trade charges $150 per month to copy our seasoned traders - which we think offers excellent value. Most importantly, unlikely other service providers in this space, we do not charge a commission share. As such, all of your profits are yours to keep!

    How much capital do I need to invest?

    You can invest any amount of your choosing into the Learn 2 Trade MT4 Copy Service. However, to get the most out of our trading strategies, we suggest depositing a minimum of $1,000 into your MT4 broker account.

    What forex markets do you trade?

    Our team of traders will largely focus on major forex pairs - such as GBP/USD and EUR/USD. However, when an opportunity presents itself, we will also trade minor pairs. From time to time, we might also enter a risk-averse trade on an exotic currency market.

    Can I lose money?

    It goes without saying that all forms of trading carry an element of risk. It would not be responsible for us to say that you will not be risking any money by using our MT4 Copy Trading Service - as that's just the nature of the forex scene. With that said, our team of experienced traders will only enter positions in a risk-averse manner. We do this by installing sensible stop-losses on all positions and religiously sticking to a proven bankroll management strategy.