Copy Trading enables individuals in the financial markets to automatically copy positions opened and managed by another selected individuals.
Unlike mirror trading, a method that allows traders to copy specific strategies, copy trading links a portion of the copying trader’s funds to the account of the copied investor.
Copy Trading is the practice of choosing traders to follow who typically have more experience, and a higher success rate, and copying their trades.
Here we will take a closer look at exactly what copy trading is, how it works, and some of the benefits you may find for yourself by getting into copy trading and Rift link a copy trading service in Africa is here to help you achieve that.
Rift Link Review
Rift Link very first centralized copy trading service in Africa. This innovative service was developed to help clients benefit from the forex market with out actively trading themselves.
With Rift Link, they give their clients the freedom to go about their regular daily activities (jobs, businesses, schooling) while having active trading accounts generating monthly profits.
Capital security is guaranteed with their Risk Management and Capital Safety Policy.
With Rift Link, every client is in full control of their capital with a minimum profit margin of 25% on their capital monthly.
- Client deposits capital in personal trading account.
- Client pays 5% of trading capital as monthly service fee.
- Client submits trading account details for linking.
- They trade with a minimum profit target of 25% monthly.
- Client is in full control of trading account and can
- withdraw capital anytime.
Rift Link Founder
This is the most interesting factor to put into consideration before Investing. Personally, I make this research and if the CEO is anonymous or shady I completely avoid Investing.
Nonetheless, it’s different in this case as the CEO Samuel Oni is a highly credible and reputable Profile who isn’t in the dark.
At Rift Capital, our end goal is complete financial inclusion, reducing unemployment, eradicating poverty and bridging the wide gap called financial inequality. We will definitely turn Africa’s economy around beginning with our first one million subscribers – Founder, Managing Director
Why Choose Rift Link Copy Trading Service?
The founding principles of a platform is the bedrock for doing business with them on a grand scale. In the context of Rift Link Copy Trading Service in Africa I deducted the below foundational core values.
Control: Due to the volatile nature of the global financial markets they fully understand the need for all their clients to have total control over their capital. “Capital is King” is a phrase they have integrated in to their operational structure
Accessibilty: They also ensure that their client’s capitals are completely accessible. The clients are able to confidently go about their daily activities without worrying about their capital.
Consistency: With their sights on long term sustainability, they ensure consistency across all of their services, with a high priority on each client’s financial growth and security.
Rift Link Registration
Rift Link Registration on the site isn’t so complicated, but it’s really necessary to have the below information handy is a as it might be needed of you.
- Email Address
- User Name
- Phone Number
- Contact Info
Is Rift Link Safe and Credible
Founded in 2020 and headquartered in Lagos Nigeria, Rift Capital Ltd is an emerging Foreign Exchange trading company positioned to help bridge the financial inequality gap in Africa and create a sustainable income source for the average African.
Rift link is highly safe and credible to work. Starting with a protected web platform to their structural and well organized business model, Rift link poses no threat to investors.
Is Rift Link Legit
Overtime, I have reviewed hundreds of platforms and the core trust factor which is a means of communication is always hidden. Gladly, Rift Link is here for business with a real physical location and contact as seen below.
+234 902 918 1260
17/19 Badejo Kalesanwo Street, Ladipo,
Mushin, Lagos. 100253
This Rift Link Review Article isn’t aimed at defaming Rift Link nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Rift Link review.
Team Xycinews is no third party and we can’t handle any queries whatsoever.
3 Ways to Boost Concentration While Trading
You can be highly motivated to trade, have abundant capital, and a dummy-proof trading system, but you can still encounter losses if you fail to concentrate.
Even had a hard time working in a crowded Starbucks or studying in a noisy library? It’s easy to concentrate when we are in a quiet room or when we feel calm and at ease, but the markets are often chaotic and trading can get stressful.
When you aren’t fully focused on your open positions and trading strategies, self-doubt can creep into your consciousness. You may start having second thoughts that can wind up sabotaging your trading efforts.
The more you can stay focused on your ongoing experience, the more you can trade effortlessly and skillfully. But how can you concentrate more easily?
1. Take good care of your health
First, it’s useful to remember that concentration takes psychological energy, and this supply of energy has limits. If you want to maintain your focus, you must be rested and relaxed.
Get proper sleep and nutrition. If you’re tired or hungry, you won’t be able to keep your mind focused on trading.
2. Be mindful of your stress levels
Second, it’s important to be conscious of your stress levels since this can deplete psychological energy.
The best way to limit stress is through risk management. If you know that you are doing your best to keep potential losses to a minimum, you’ll feel more comfortable and can focus most of your attention on trading.
3. Optimize your trading space
Now this is particularly applicable to those who are trading from home. Even if you are just starting out, you need to invest in a space that doesn’t involve trading from your bed or the same dining table that your kids just spilled their spaghetti on.
Since you’ll be dealing with the same markets that office traders are battling with, you’ll need to establish an OFFICE space. Make sure it doesn’t have too many distractions and that you have a fast internet connection and enough monitors for you to watch the charts and track the news.
Concentration is essential for profitable trading. The more you concentrate, the more you feel you are in control. And when you feel your body and mind are in sync with the markets, you’ll likely find it easier to trade consistently and profitably.
Chart Art: Range Support Plays for AUD/USD and GBP/CAD
Yo! You up for comdoll setups today?
If you are, then you can check out not one, but TWO range plays.
AUD/USD is giving us reverse head and shoulders vibes after hitting support at the .7700 major psychological handle on the 1-hour time frame.
A break above the “neckline” could lead to a retest of the .7750 mid-range levels. And if the upside breakout has momentum, we could see AUD/USD pop back up to the .7810 range resistance levels.
But wait! If you see the Aussie turning lower from the “neckline,” then you also gotta consider that AUD/USD could drop back to the .7700 support.
Whichever bias you end up trading today, make sure to use your best risk management strategy!
No, you’re not seeing double! Like in AUD/USD, GBP/CAD has also recently bounced from a range support, this time on a daily chart.
Think the pound bulls have enough momentum to push the pair to the .7180 mid-range levels? Stochastic hasn’t hit overbought status yet, so I’m thinking there’s a bit of buying opportunity left.
Buyers can wait for a break above the mid-range levels and then target the 1.7550 major resistance on the chart.
Not a fan of the pound? That’s alright, you can also wait and see if the consolidation that we’re seeing results in the pound going back down to its May lows in the next couple of days.
Bears can short at the first signs of bearish momentum and then aim for the 1.6880 previous low or the 1.6830 range lows.
Trade Watchlist: USD/CAD’s Trend Retracement
The U.S. is printing its closely-watched retail sales release today.
Do you think the report will extend the dollar’s weakness against the Loonie?
I don’t know if you were around during the U.S. session but Bank of Canada (BOC) Governor Macklem jawboned the Canadian dollar by saying that further gains would have “material impact” on their export and maybe growth projections.
It also didn’t help that prices of crude oil – one of Canada’s biggest exports – dipped as India’s coronavirus crisis deepened and a key U.S. pipeline resumed operations and eased the oil price spike that we saw earlier this week.
The Loonie weakness pushed USD/CAD up around 150 pips higher from its weekly lows. It’s now near the 1.2170 zone that lines up with the 200 SMA and a trend line resistance that’s been valid since late April.
Will today’s retail sales release extend the dollar’s losses against the Loonie? Word around is that we could see upside surprises with such a lowkey expectation and a strong CPI report.
If we see a much strong retail sales activity, then traders could worry about the added pressure on the Fed to ease their stimulus measures. Ditto for much weaker retail sales numbers, which could inspire risk aversion and push the safe-haven dollar higher across the board.
Meanwhile, so-so retail sales data could inspire risk appetite that would extend the Loonie’s rally against the dollar. Look out for a trip back to weekly lows or even new May lows in case we see enough momentum.
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.
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