Copy Trading | Translate

Posted by copiix.com on 21 November 2024

Copy Trading Translate: Understanding Symbols Between Brokers

Hey everyone! Today we want to talk about a useful feature of the copy trading platform Copiix: the copy trading translate parameter. This tool is essential for navigating the symbols used by different brokers, which can sometimes be a bit confusing.

Symbols: The Differences to Keep in Mind

Take the DAX, for example. Some brokers call it "DAX," while others label it as "GER30." To avoid any issues, you can set the translation parameter as DAX:GER30. If you need to translate other symbols, you can simply add them separated by a comma, like DAX:GER30, S&P500:SPX500.

Prefix and Suffix: A Small Distinction

It’s important to know that not all symbols need to be translated. For instance, EURUSD.cash doesn’t require translation, but you should use the correct Suffix. In this case, just add the appropriate suffix without changing the symbol.

If you want to dive deeper into the topic of prefixes and suffixes, check out our dedicated post here.

In Conclusion

Using the copy trading translate parameter will help you avoid confusion and optimize your trades on Copiix. If you have any questions or want to share your experiences, feel free to reach out!

Happy trading!

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

MetaTrader®, MetaTrader 5®, MT4®, MT5® are the registered trademarks of MetaQuotes Software Corp. The developers of Copiix are not affiliated with MetaQuotes Software Corp.
cTrader® is the registered trademark of Spotware Systems Ltd. The developers of Copiix are not affiliated with Spotware Systems Ltd.