Axi Copy Trading Beginner Guide
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- เผยแพร่เมื่อ 22 ก.ค. 2024
- Axi Copytrading is a great way to make money online through copying forex traders. In this video we look at how to get started with Axi Copy Trading and what kind of settings I use for my copy trading.
Free guide on how to get started: www.profitboss.co.uk/axicopyt...
£100 cash competition for the first 100 people that get involved:
www.profitboss.co.uk/axicompe...
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.1% of retail investor accounts lose money when trading CFDs with this provider.* You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
*For the 12 months ending 31 March 2023. - แนวปฏิบัติและการใช้ชีวิต
Thanks for checking out the video. Be sure to grab the free guide I created here: www.profitboss.co.uk/axicopytrading
Say I had 100 and didn't want to lose any more or use margin, would I use fixed?
Hi Chris, i found your video very help. SUGGESTION - It would be really helpful if you could update the "Axi Copy Trading Set up Guide" with all the comments outlined below.
Hi Chris, great video. I've started copying the Holy Grail and although trading won't open until Monday what leverage should I have within my trade account settings? I changed to 1:10, although unsure if this is only against trades I make myself? Thanks, Kevin
How to see the trades copied? From the app or my MT4?
To get registered on that app does it require to be a Uk citizen
can yo control the max amount of positions when copying ? thanks
For some reason I can not log in in their App, because I have not created a password.
Have you tried withdrawing your profits?
I couldn’t answer all the questions so I have to try again in 14 days 😞
Hi, Do you personally have "copy existing trades" box ticked ?
Also, are you planning on releasing another update on results video ?
Thanks in advance !
Hey Luke, when starting I left it unticked. Yeah for sure. More videos coming soon. Thanks
Chris just signed up to this - are all trades on foreign currency - my first 2 are EUR/ USD and USD/ CHF - I thought some of these trades would be equities in a company - or am I missing something
Hi, glad to hear you are getting going with it. Yes that's correct this is forex trading so foreign exchange currency trading. For trading on companies I do this myself and people can copy my portfolio. The returns will be much less than forex copy trading but much less risk involved. Just depends what your risk tolerance level is. Here's the link for my trading and you'd just search for trader Christopher Symcox: etoro.tw/3CT65Y2 Thanks
Hey Chris. Do you make a separate account for Axi Copytrading on mobile, and then link it to your ordinary Axi trading account on Computer?
Hi Conor, yes mate exactly that. It's a little faff to get it set up but well worth it. Thanks
Hi Chris. Very interesting video. Can you please clarify for me if the profit you have made to date is after the 30% commission has been taken by the trader you are copying or will that be deducted from the approx £200 profit you have made to date? Thanks
Hi Andrew, it's definitely an exciting app to use. To confirm no commission has been taken yet and I'm yet to find out when exactly it gets taken. Thanks
@@ProfitBossit gets taken out at the end of the month
hi chris really interested in this, do you have to use it with the app or can it all be done via the pc, just wondering as iv just looked at the app via app store and the app apparently is very bad
Hi Lokiquotes, you do indeed use the app for the copying side. The app for me has been spot on and I haven't got a negative thing to report about it. Thanks
@@ProfitBoss out of interest is that on android or apple
I see u used more margin than you have on your balance!?
Hi Chris, Thanks for this. I've just set this up and started copying The Holy Grail just a few minutes ago. One thing I'd mention .... when you link your account, you need to be aware that you must point the account towards the right server at AXI land. I'm personally on server US12 (but they have a number of servers), but it took me a while to realise that and then figure out I needed to plumb it in to the link process.
PS Am i the £100 draw 😁😁
Also, I want to join the call on monday night but I've never joined one before. Am i just clicking a link ..... whats the process please ? Thanks
Hi Decca, nice one. Yes you do indeed need to select the correct server that you were given. Apologies for failing to mention that in the guide. Yes you'll be added to the £100 draw list which I'll be updating once a week. To join in on the Monday 7pm stream you'd simply click on the Profit Boss channel and it would show I am live. I always share the link on the matched betting Facebook group also.
Thanks, Chris
Can you tell me how your copy of the holy grail is doing?
Im a bit confused to your P/L saying it does not matter but surely if those trades are open your minus figure could just keep going down and from doing a bit of trading before your positions have expiry and close can close automatically and you will take all the losing trades
Hi Tim, while that is true most of the time you'll see it's in a loss because profitable trades are constantly being closed. So you'd want to ignore it because it's part of the traders strategy from my experience so far.
Equity is more important than the balance to be honest. From my short experience using axi, it looks like these traders don’t cash out on losing trades to make themselves look more profitable. You can manually cash out these trades though which I find beneficial as it will free up your margin again to allow them to make more trades as they are profitable on some levels. Since they’re trying to sell a service, the better the graph looks, the more copiers they will have.
@@mick727xd thanks for that I just do not believe its as easy as it seems why is not everyone just opening account following a trader then seeing cash rolling in do you have to declare earnings and pay tax on trades at end of financial year also ?
My Samsung phone isnt compatible with the Axi copy trading app so not way of accessing it. Really bizarre. Anybody else had this problem?
Hi Danny, very strange. I'm on a Samsung S20 and not had a problem. Not sure what to suggest with this!
No issues here...Samsung S20
.
I cant get access to the app, only username and password I have been sent is the mt4 details. Did I sign up wrong?
Hi, I had the same issue but tried again with another email and it went through. Thanks, Chris
Hi Chris, I set up an account yesterday and followed your settings. However I keep receiving the following email.
Please be advised that the equity of your account with Axi is now below 99% of the margin requirement to hold your current open positions. Please be aware that if this level falls below 50% your positions will start to be liquidated in order to maintain the required level. As per our Client Agreement, you are responsible for managing and maintaining the margin levels in your account at all times, as we are not required to inform you that you have fallen below your margin level requirement.
In order to avoid your positions being liquidated please either add additional funds to your account or manage your market exposure.
Surely if I add more funds but my trading is set to proportion by equity as yours is I'll continue to receive the above warning email. Or have I set something up wrong.
Thanks for your help.
Paul
Yeah I've had same experience, followed holy grail not long after seeing Chris' video and now having positions closing as in such negative equity despite holy grails figures staying in green. Something fishy or concerning regarding the trades at present
Nice video - I guess this declarable income to the Inland Revenue?
Hi Jon, yes it is indeed. I can do a video on how you would do that if enough people would find it useful. Thanks
@@ProfitBoss Hi Chris, if you have time please could you do a video on how to do the tax on these earnings? Axi is working well for me at the moment so I think I may need to do this. Thank you.
hi chris great video ive been doing this now for 20 days and earned £829 on 0.01 lots fixed copying Helderjust and The Holy Grail my advice so far would be do not get greedy and start with at least £500 my MD is 40,50,90 and the most my pot has been to is minus £415 i personally started with £1K IMO its the way forward to a few quid in ya pocket and alongside MB this time next year...😜
Very nice, that's a fantastic result. Congrats 👏
Hey mate,
I was hoping to get your thoughts on something. I've got about 2k to invest in and literally all the time in the world to put into matched betting right now.
Total newbie here, only got one set of accounts.
Been looking at maybe two ways to go about this:
1) Just go all out, try to make as much as possible as fast as I can without caring about getting gubbed. Thinking maybe like 1k a month for 6 months if I really grind it out?
2) Take it slower and make less per month but keep it going longer. Maybe £500 a month for a year?
Just threw out those numbers, no clue if they're realistic. What do you think I could actually pull in based on my situation?
Anyway, let me know what you think makes the most sense for how I should approach this. Appreciate any advice dude!
Hey, well I created a guide to answer this exact kind of thing here: bit.ly/10kProfitGuide
If you'd like a more detailed answer I do offer 1-1 coaching in 30min blocks or a full on mentoring program which you can check out at the links here: ko-fi.com/profitboss/commissions
ko-fi.com/summary/a304a86b-ec73-43a4-8a04-df0029250b0b
Regards, Chris
@@ProfitBoss perfect mate, I will follow that guide. 10k in one year, is that from one set of accounts or would I need more?
@@slizzar2k8I so far made around £2.3 k from matched betting before getting seriously gubbed on my most profitable accounts. I think you need multiple accounts to profit long-term and even then it won't last forever. Also reload offers are getting both scarcer and more difficult to profit from.
Did you use the same leverage as your trader?
Hey buddy, I went with 100:1 👍
I'm trying to open an Axi account. I didn't realise you had to pass a test in order for the account to be created. How do you pass the test?
Study hard is what I was always advised.
Hey Paul, my fault. I'd forgotten about the test which makes sure you know the risks you are taking on. Best thing to do is Google the answers as at least that way you will be teaching yourself how CFD's work at the same time as passing it. Thanks
ChatGPT worked for me :-)@@ProfitBoss
Is Android phone compatible with this copy trading
Yep, it's on the play store
What is the minimum amount I can start trading?
Hey, I'd recommend £500 but I believe £150 is the minimum. Thanks
🇿🇦💐
Lost 500 in a week following the one you suggested
Hey Stu, first of all sorry for your loss. Never want to see anyone losing money but as stated it is a high risk venture to take on and no guarantees can be made when it comes to trading. Secondly, I haven't suggested any trader for anyone to copy just stated which one I am copying so it's still up to people to make a judgement on if they want to copy the same one. Again, sorry to hear you've made a loss.
Hi, thanks for the reply I wasn't blaming you as I understand the risks, I followed the holy grail and it started ok as my balance went up to 603, unfortunately since then my equity is 70 and live profit -533 so I assume I will lose all of that? I now have an overdrawn margin so assume when I'm zeroed they will start closing the negative trades?
How has it been going?
What lot size did you use?
Can you tell me how your copy of the holy grail is doing?