Copy trading enables individuals in the financial markets to automatically copy positions opened and managed by other selected individuals.
Unlike mirror trading, a method that allows traders to copy specific strategies, copy trading links a portion of the copying trader’s funds to the account of the copied investor.Any trading action made thenceforth by the copied investor, such as opening a position, assigning Stop Loss and Take Profit orders, or closing a position, are also executed in the copying trader’s account according to the proportion between the copied investor’s account and the copying trader’s allotted copy trading funds.
Copy trading is a subset of social trading that allows users to mimic the trades of other investors.
While social trading lets you see other traders’ investments, copy trading means that your account will make whatever trades theirs does. If they buy, you buy. If they hold, you hold. And if they sell, you sell too.
Copy trading can be a lot more hands-off than social trading. Many platforms provide a list of top traders, with personal risk scores and historical returns. You could potentially pick one or more traders to copy and leave the rest to them.
Attract money managers with a feature-rich Copy Trading platform.
As a part of the project, the Copy Trading Solution was customized and the netting functionality was added to meet the unique client’s requirements.
Launch the platform within a week