Since its inception, copy trading has revolutionised investing and trading by enabling individuals to copy the trades of seasoned professional traders in real time through an automated process. This offers a hands-off approach to trading for those looking to capitalise on their trading and investment goals with the strategies and knowledge of seasoned traders.
What is copy trading?
Copy trading simplifies the complex world of the financial markets.
This form of trading involves following expert traders and automatically copying their trades. This form of trading was designed to connect less experienced traders with more experienced, seasoned traders.
This process enables those traders to use the experience and market knowledge of the experts to their advantage. Choosing an expert trader to follow is relatively easy, as most brokers will offer individuals the ability to filter through all their listed traders according to certain specifications.
With all that said, copy trading isn’t just for those less experienced traders; it’s also for those who might want to diversify their portfolio by copying the trades of someone with a different approach to the market or trading a different financial instrument.
How does copy trading work?
A trader will connect their account to an expert trader’s account within a copy trading platform. This will enable them to automatically mirror the trades of the expert every time a position is opened and closed.
However, there is also the option to close a trade once it’s opened manually.
While their account is linked to the expert traders’ account, they still have complete control of their funds. This means they can decide how much funds to allocate to various traders and add or remove funds depending on whether they are satisfied.
A small fee is also involved, which is payable upon copying the trades of the expert. Each expert trader will issue their own fee, which will appear as a percentage on their profile. This can be a monthly fee, or it can be deducted after each trade is closed.
Different financial markets to copy trade
Within copy trading, various financial markets are available to trade, and each expert will display the markets they are trading on their profile.
Some of the more popular financial markets to copy trade are:
- Forex: This is the biggest financial market in the world, with a daily trading volume of roughly $6.6 trillion.
- Stocks: Copy trades from some of the biggest stocks from various stock markets, such as Apple, Google, Vodafone, Shell, or Unilever.
- Commodities: Copy trades from popular commodities such as gold, silver, or crude oil.
Copy trading brilliance with Trade Nations TradeCopier
With Trade Nation’s TradeCopier, individuals can effortlessly copy the trades of skilled professionals in real time without needing in-depth knowledge or analysis, making it accessible to anyone who wants to participate in the financial markets.
There is no need for years of experience, vast knowledge, or even free time in order to take advantage of the financial markets and trade like a pro.
With TradeCopier, individuals have the opportunity to benefit from expert traders with all the necessary skills in their arsenal. It also offers diversification by copying multiple expert traders with different expertise in different financial markets.
The platform allows traders to view the profiles of various expert traders with essential information such as performance metrics, which include profit and loss ratios, strategies used, and markets traded, assisting individuals in making informed decisions on who they want to follow.
TradeCopier also includes the ability for individuals to incorporate various risk management tools, such as stop-loss orders, while also having the capability to control their overall risk exposure per trade.
By using copy trading, individuals can observe the market even if they’re not actively trading to gain a better overview of various market movements.
For more information, please visit (insert link) or download the TradeCopier mobile app for iOS from the App Store or Google Play Store for Android and connect to your MT4 account to start your copy trading journey.
Apart from TradeCopier, Trade Nation also offers spread betting and CFD trading through their proprietary platform, allowing traders to trade over a thousand markets from a single account. All of this with negative balance protection, which means should a trader’s account fall into arrears, they will automatically bring the balance up to zero the next working day.
They also offer some of the narrowest fixed spreads around, staying as constant as possible despite changing market conditions.
Together with all the necessary technical analysis and risk management tools, they also offer real-time news, informing traders of the latest news as and when it happens through their proprietary platform.
Trade Nation is a fully regulated spread betting and CFD trading provider regulated by the Financial Conduct Authority since 2014, reference number 525164, as well as other regulators worldwide.
Including:
- Bahamas – Security Commission of the Bahamas
- Australia – Australian Securities and Investment Commission
- Seychelles – Financial Services Authority
- South Africa – Financial Sector Conduct Authority