Akashx Social Trading

Copy trading offers the opportunity to monitor the trading activity of professional Traders and to choose to follow their trades and signals (the opening, updating and closing of trades), as reference in your own account through Akashx’s Social Trading Platform.

The best way to get started is by purchasing your Akashx membership. Once you have your membership, you must login to your back office at https://www.MyDailyChoice.com/login. You’ll then have access to create your Akashx Social Trading account.

Once you complete your account verification, you can use the tools such as traders ranking lists, user comments and rating, trading historical data and more, to help you decide which are the best traders for your needs.

You may also select Traders Combos, our curated combinations of Traders, set up your risk appetite, and the capital you wish to invest.

Manual Trading is executed by you opening and closing positions manually.

Copy trading is characterized either by utilizing other Traders’ signals via the Akashx Social Trading platform or by using algorithms (also called “Expert Advisors” or EAs) to trade.

Akashx Social Trading is the largest Social Autotrading Platform in Forex, CFDs and Cryptocurrencies. It enables its users to automatically follow the trading activity of Traders from all over the world and eliminates the influence of emotion on trading.

Akashx has bridged the gap between valuable information in money markets and trade execution. By converting the advice of professional and talented Traders globally, our autotrading Platform executes trades rapidly and automatically in your account (from supported Brokers, based on your own settings and preferences).

With Akashx Social Trading, you don’t have to study or monitor the Market, because hundreds of Traders world-wide are doing it for you.

All you have to do is to select the Traders who you prefer, and Akashx will quickly convert their advice into Real trades in your trading account directly with the broker.

No, anyone can trade with Akashx.

The advantage of Akashx’s autotrading service is that instead of following the Market and financial indicators, you follow people. The only thing that you will need to begin trading is to create a portfolio of Traders suitable for your needs, capital and risk appetite.

The minimum deposit requirements to activate an Investor account depends on the Broker connected to Akashx Social Trading. Akashx is not a Broker or Money Manager – we are a technology. The brokerage determines all of the minimum deposits.

Typically, your investment account connected with Akashx should always exceed a $200 balance.

Akashx generates revenue through our paid membership. Brokers may charge a fee to link your account with our service. Additionally, each Expert Trader may charge a monthly subscription fee if you decide to follow their strategies. Akashx does not generate revenue through these fees.

Akashx does not charge any fees to open accounts with our collaborating Brokers. It is best however to confirm any charges with the Brokers, as they vary from Broker to Broker.

If you decide to open a Broker account through one of our collaborating Brokers, then basic documentation to verify identity is required.

Brokers typically require a valid photo ID or passport as well as a copy of a recent utility bill or bank statement, in which your name and current residential address appear, as a proof of address document. It is best, however, to directly confirm the required documents with the Broker upon creating your account.

To connect your Broker account with Akashx Social Trading, the Broker may also require you to sign a “Letter of Direction” (LOD) or “Power of Attorney” (POA) to authorize Akashx to broadcast reference trades to your Broker account - you will find the document for each of our collaborating Brokers while you are going through the Registration Process.

No – the Traders from which you opt to receive reference trades in your account do not have access to your brokerage account. Akashx Social Trading engine simply recognizes that you have chosen to have their trades broadcast to your account, and executes the relevant signals according to your settings.

Once you have registered your new account with the broker, provided that all forms are filled in and submitted properly along with all relevant documentation, the setup process is normally completed within 2 to 3 business days.

We currently support accounts in the following base currencies: USD, JPY, EUR, GBP, AUD, and CHF.

You can follow Traders or Traders’ Combos:
1. Through the pop-up window you will find in your account after logging in
2. By browsing the Traders’ Page

All closed trades will automatically be listed under the “History” page of your account.

By default the system will display this information for the time frame of the last calendar month, but you may select any time frame that you wish since your account opened until the present day. Together with all of the detailed information, you will also have graphic representations to display your results in your base currency. All of your trades will be listed in full detail, such as the name of the Trader who opened them, the trade type (BUY or SELL), the currency pair, the lot size and the number of lots, the Date Open, the Date Closed, the Opening and Closing Price, the High and Low points of each trade (the highest and lowest point reached by the trade before closing), calculated by adding all trades executed in the chosen timeframe.

The trades are listed by Date Closed, but you may click on the title of any column in order to rearrange the data by any other factor that you prefer. Also note that the colors in which trades appear reflect their PnL; green is for profit, red for loss and white for break even trades. The shades of these colors have to do with how profitable or how substantial the loss is. Lighter shades indicate less profit or losses and darker shades, larger profit or losses respectively. To the far left of every trade you will notice a plus sign (+); by hovering over it with your mouse, the following trade details will pop up: Trader and Broker Ticket (essential IDs for contacting Akashx about the specific trade), Net and Gross PnL, Interest and Commission.

You can also click on this icon to generate a pop-up window displaying a graph with the High and Low points reached by this trade, whether the trade was opened at Market price or if it was a pending order, etc.

You are also given the option to download your full account History in an Excel file by clicking on “Export to Excel”.

When trading manually, as an Investor, you may follow any trading strategy that suits your needs. However, when trading as a Trader, Scalping is not a recommended strategy, as this practice may lead to highly inconsistent results for different Broker accounts.

Here you can generate different chart types for any of your currency pairs, set the timeframe, as well as have access to indicators.

The TradeWall is the place where all trading activity of Traders is displayed.

Whenever a Trader opens or closes a trade, or updates his status message, this will be shown in the Trade Wall. It is possible to filter what you want to see there, as well as choose to display the activity only of Traders with Real Investors. You can also see the tendencies (long vs short) of Traders in the 30 most popular currency pairs during the last 4 hours.

This is left to your personal preferences and perception of acceptable risk. For our part, we provide you with indications of risk that assist you to manage your potential exposure.

When logged in to your Real or Demo account you have access to the Trader’s full History online from his Public Page, and you may also download it as an Excel file, so as to study and analyze his results.

Together with detailed information about each trade the Trader has ever performed (final result, drawdown, commission, etc) you will also find a number of graphs and statistics analyzing the performance of his full trading history.

However the best way to find out whether a Trader fits with your trading interests is actually trying him out in a Demo account, which you can open instantly and for free here. This way you can receive trades from him just as you would in a Real account and see his actual results. In addition, your Demo account will give you access to the “Simulate” tool, which will allow you to test any Trader while experimenting with different account settings and parameters.

There is no better way to decide this than the “Simulate” function, available in your account.

The Simulate function is a powerful tool that allows you to test the performance of any of our Traders against different settings in your account, so that you can experiment and find out the best settings for each Trader according to your interests.

If you wish to take full control of a trade, you use the Lock Trade function.

By clicking on the relevant open-lock icon next to each trade, the trade will get locked – this means that no further updates (Stop/Limit/Close etc) executed by the Trader regarding this trade will be broadcasted to your account. As a result, this trade will now only be closed if the set Stop/Limit is reached or if you do so manually. Once the trade is locked, the icon will change to a secured lock icon. You can unlock a locked trade at any given time.

Monitor My Account is a feature designed to enable you to intervene and close out trades that were expected to close, but due to rejection or failure to deliver one or more trading signals to your broker they remained open. It can be particularly useful in protecting your account equity especially during highly volatile market conditions.

Traders know better than anyone what the minimum capital an Investor needs to copy their trading strategy in order to achieve desired results.

Investors have a clear idea of the capital they need to invest in order to copy all the positions of their selected Traders based on their personal selected Follow Mode.

The Recommended Settings of the Trader appear on their public profile as well as on the Follow Trader window and it is also available for the European version of Akashx.

Traders indicate a recommended investment amount based on the Follow Mode selected by the Investor:

1. Fixed Mode: Trader defines the minimum capital an Investor using 100:1 leverage will need to invest in order to copy all his/her positions with 1 micro lot each.

2. Pro Rata Mode: Trader defines the minimum capital an Investor using 100:1 leverage will need to invest in order to copy in proportion of 100% all his/her positions.

Traders seriously evaluate their recommendations because Investors decide their settings according to their information. Besides, Traders recommendations are closely monitored by our Traders Community Desk, and are published within 48 hours.

By clicking at the Pencil icon, you can set different advanced settings per currency pair for the specific Trader. Specifically for every currency pair, you can set the trade type (Any, Buy Only, Sell Only), Lots per trade, Max Trades, Max Lots, Reverse, Limit and Stop.

If you Configure Currencies for a Trader, the pencil icon will be highlighted so as to indicate that the settings for each currency pair are not the same across this Trader but they actually vary for at least one currency pair.

Example: If you have added a Trader that is generally good but not as good in a specific currency pair such as GBP/USD, you may set the Lots setting to 0 only for this currency. As a result, you will receive any trades he opens except for the GBP/USD, which will be blocked by your settings.

You can set your personal Stop and/or Limit per currency pair via the “Advanced settings” on the “Settings” page of your account. To do so, you need to click on the “Pencil Icon” that you can find on the right hand side of the Trader. You may copy the settings to any (or all) currency pairs available by clicking on the “Copy” option.

Absolutely. You can always create new trades or pending orders from the “Trade” tab of your account or from your trading platform.

You can cancel it at any given moment from your “Orders” tab, by clicking on the Close button at the right side of the order.

You can close individual trades at any given moment from your “Positions” tab, by clicking on the Close button at the right side of the trade.