Copying stock transactions such as Forex or CFDs by the best traders in the network is becoming a very popular activity for many average and beginner investors. How to do it? You will find out right now.
Please note that CFDs are complex financial instruments and there is a high risk of losing money rapidly due to leverage when using them. When trading CFDs with this provider, 67% of retail investor accounts lose money. Make sure you understand how CFDs work and consider whether you can afford to take the high risk of losing your money.
Historical results do not guarantee the achievement of similar results in the future.
Cryptocurrencies are instruments that are highly volatile over a short period of time and are therefore not suitable for all investors. Unlike CFDs, trading in crypto assets is not regulated and therefore is not subject to supervision by any EU institution.
In this article you will learn the answers to the following questions and learn about things like:
- What is and how to copy trades?
- What do we need in the process of copying transactions?
- What are Stock Transaction Copiers?
- The difference between Copy Trading and Social Trading.
- What is the process of copying the best investors?
- Risk in Social Trading.
What is and how to copy trades?
Copy trading is an innovative method of investing in the CFD and Forex markets. You may have heard the concept of Social Trading, which is very similar, but now we will focus on the former.
The Copy Trading option allows us to automatically "copy" the trades of another trader using the same platform. Why do this? The purpose of such action is to transfer his investment results to our portfolio.
In this model of operation, we do not entrust our money resources to other people, as is often the case with mutual funds. Copy Trading only requires us to open an account with a broker (which allows you to use such a tool). In that case, our money is always in our hands. We do not entrust them to any company or third party.
With the Copy Trading option, the investor automatically carries out the same trades on his account as the other trader he is following with the financial results of his choice.