What is Auto Copy Trading & How does Automated Trading Work?

The practice of trading and investing is no longer only the domain of Wall Street experts. The phrase "retail trader" or "retail investor" has attained significant heights during the previous ten years, and especially over the last few years, changing the financial landscape as we know it.

In fact, this worldwide revolution is only getting started. As a result of such occurrences, the possibility of copy trading the financial markets has developed into a distinct sub-trend in the world of retail traders and investors. In this revolutionary trade movement, are you claiming your position? Copy trading: What is it? We the team of NAGA Reviews will clarify this below.

What is copy trading?

Everything is contained in the name! You may easily mimic the positions that another trader has taken using copy trading. You choose the amount you desire to invest and simply replicate everything they do automatically in real-time; as soon as that trader makes a deal, your account will make the same trade.

You receive the same rewards on each transaction as your selected trader and you don't need to make any decisions about the deals.

One of the simplest methods to utilise another trader's specialist knowledge is through copy trading. Additionally, you have full control over the result. You may still end deals and start new ones whenever you wish.However, you may also profit from another trader's abilities by duplicating them.

Actually, participation doesn't even require a very advanced financial market understanding!

Story of Copy Trading

It's always great to know about the history of something that you are searching for and we the team at Naga reviews have gathered all informations that you need to know about Copy Trading.

The practice of copy trading dates back to 2005 when traders began to imitate particular algorithms created through automated trading. Brokers saw the possibility of having systems that would allow anybody connected to a trader to automatically clone their trading account. There was no requirement to continuously watch over email alerts or trading "chat" rooms.

Traders were no longer required to submit their particular trading methods. Since then, copy trading has been quite common.

Recent research supports this. 

• By automatically following traders, one in three people claims that a standard stock market method may be made less complicated. 
• Last year, one in four investors reported thinking about social trading. 
• Social trading platforms are anticipated to increase in value to $40 billion in 2020 (an annual growth rate of 96%) and €70 billion in 2025 (an annual growth rate of 48%).

How to Copy Trade?

We the whole team at NAGA reviews have taken all efforts to make you understand the basics of copy trading. Let’s take the auto copy feature of NAGA as an example to understand how to copy trade as the Naga ratings are always on the top. 

• Select the trader you want to Autocopy, enter the desired amount of funds, and then click Auto copy. 
• You have just begun automatically and instantly replicating the Lead Trader's positions! 
• Anytime you choose, you may stop auto-copying any trader or close any individual transactions.

1. Navigate to the Leaderboard to find a Lead Trader :- Check out the Leaderboard and use the filters to find matches based on performance, assets, win rate %, and more. Press Autocopy after selecting the appropriate one. 
2. View the performance data of the trader :- To view the Auto copy settings and important trading indicators that demonstrate the effectiveness of the Lead Trader and the advantages to copiers, click the Autocopy button. 
3. Include unique Take Profit and Stop Loss triggers :- You duplicate your leader's Stop Loss and Take Profit settings, but you may set the upper and lower bounds separately for each trade in your trades menu. 
4. Verify settings and launch Autocopying :- Click Start Autocopying after entering the ratio or quantity. You are now automatically replicating trader positions. Without closing your trades, you can always check your progress or modify your Autocopy settings under the Copy Trading area.

Following your confirmation of your Autocopy settings, the algorithm will automatically duplicate every qualified transaction opened by the Lead Trader. Thus, unless there is insufficient money on your balance or another problem, every order that satisfies the criteria you provide will be replicated promptly. In this scenario, the order will be skipped, and the missed trades will appear in the AutoCopy timeline menu. Any number of traders can be copied at once. Unless you interrupt it or the Lead Trader halts his trading activity, Autocopy will always be running. We highly recommended you trade with NAGA’s Auto copy as the NAGA Ratings are always on top of the list.

Copy Trading with Forex

Foreign exchange, generally known as forex, is a very well-liked industry among traders and those looking to replicate the portfolios of profitable forex traders. Usually, a short-term trading strategy is used while trading forex. Forex trading necessitates extensive use of technical analysis, which is another factor making it a popular area for copy traders. The fact that copy trading forex is a popular choice for this sort of market exposure is because many novice traders lack the skills to accomplish this properly.

Copy Trading with Stock Shares

As you might guess, there are a tonne of amazing firms with shares listed on active markets and available for trading. From an investing and trading standpoint, dealing with genuine shares is just as legal as trading with stock CFDs.

Short-term or long-term trading techniques are both equally frequent, depending on the industry, market circumstances, and a number of other aspects, as this field has a very wide range of possibilities. In copy trading stocks, you will often have a collection of businesses, frequently in the same industry. The approach will undoubtedly change.

Copy Trading Various Market Sectors

The fact that copy trading is frequently used to obtain exposure to industries you might not be familiar with but want to access for your trading and investing is noteworthy and deserves to be mentioned once again. utilities, healthcare, energy, business, and industry. Among the most well-liked market segments are those mentioned here. technologies, artificial intelligence, and blockchain are few examples. These overlapping niches are becoming more well-known and well-recognized.

Copy Trading with Crypto

Over the past several years, the realm of digital currencies—often referred to as "crypto"—has been a fascinating field. Digital currencies have undoubtedly become a trader's "best buddy" because of the enormous volatility, despite the widespread scepticism that comes with such revolutionary technology. Volatility, of course, increases the related risk to a whole new degree. That being stated, there is a significant increase in copy trading portfolios that are only focused on cryptocurrency given the opportunities to both Buy and Sell crypto CFDs.

Final Thoughts

Although trading and investing are difficult endeavours, the rewards you reap from making financial independence a priority in your life are well worth the effort. Automated trading systems, also known as algorithmic trading, automated trading, or system trading, let traders set up particular criteria for trade entry and exits that, once programmed, may be carried out automatically by a computer. We the team at Naga Reviews would like to recommend NAGA as its Auto copy trading is the best feature of Copy Trading because of which the NAGA ratings are always on the top of the list.

Disclaimer: This information is not considered as investment advice or an investment recommendation, but is instead a marketing communication.