⌚Time is Money: Why Copy Trading Gained Popularity Among Traders?

📥 Introduction to copy trading

Trading in financial markets is one of the most affordable ways to diversify your assets, protecting them from inflation and other factors. However, how to prevail in trading without sufficient experience, and enough time for an in-depth analysis of the markets? The answer is simple – copy trading, which is gaining popularity among traders every year. Let's dive into the features of copy trading and find out why it attracts tens of thousands of beginners and experienced traders from all over the world.

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❓Copy trading understanding

With the current technology, there are various ways to get involved in these markets. This is where copy trading comes in.

Copy trading is a function of online trading where traders can copy the trades of other traders. This is done by connecting their trading account to the account of the trader they want to copy. The copied trades will then be executed in the follower's account. The trade will then be closed when the trader you are copying closes their trade.

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💡 The reasons for the growing popularity of copy trading

Over time, copy trading has evolved from a trading approach to becoming a trend. Copy trading is becoming increasingly popular among novice traders due to its numerous benefits, designed to provide newcomers with the best beginning viable approach.

There are some of the reasons that have made it popular:

Saving time. With copy trading, you can start trading the financial markets without investing your own time. You don't need to study in-depth technical and fundamental analysis for every trade. Besides, the whole trading process is automated, so you don't need to be at the trading terminal during the whole working day.
Reduced risks. Imagine that you start trading with the level of training of a more professional trader, because it is he who will "move" your trades. Beginners have much more risks, which arise due to lack of experience and trading skills. Get over that barrier with copy trading!
Convenient diversification. With copy trading, you can automate the trading process by diversifying your risks. In addition, copy trading is possible with different categories of assets, including forex, stocks, indices, metals and others. This is an excellent opportunity to balance risks in times of market volatility.
An intuitive trading process. In copy trading, you don't have to make any extra effort, because a more experienced trader will do everything for you. You can only monitor the execution of orders and make minor adjustments to their parameters.
An opportunity for signal providers to make money. More experienced traders can create a stable income stream as a signal provider by charging users a membership fee and a performance fee (creating an income stream that will depend on how well they perform as master traders). If you believe that you have experience in trading and you are interested in becoming a signal provider read more about it in our article on the advantages of working as a signal supplier.

If you're looking for a reliable platform to explore copy trading, consider NAGA AutoCopy! It is an innovative feature that lets you automatically copy leading traders on the platform and gain from their experience. It is a part of a wider social trading concept that NAGA embraces and represents fully.

Find the traders you want to copy from the leaderboard to start! Explore copy trading with NAGA!

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❓FAQ

How to start trading with NAGA Autocopy?

What is the minimum investment to start trading with NAGA Autocopy?

Why trade with NAGA’s Autocopy?

How does NAGA Autocopy work?

Can other traders at NAGA Autocopy me?

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How to start copy trading?
Find and choose a trader to copy
Double-check your settings
Set the amount you want to invest
Get notification each time you open a new trade with your lead trader
How to start copy trading?
Find and choose a trader to copy
Check out the Leaderboard
Search by profitability, ROI, number
Make sure to check the Risk Score
How to start copy trading?
Set the amount & choose the type
Choose if you want to invest relative to the leader or a fixed amount per each of their trades
Set the amount you want to invest
Or set the percentage if you chose to copy relatively
How to start copy trading?
Find and choose a trader to copy
Double-check your settings
Set the amount you want to invest
Get notification each time you open a new trade with your lead trader
How to start copy trading?
Find and choose a trader to copy
Check out the Leaderboard
Search by profitability, ROI, number
Make sure to check the Risk Score

Everything a Trader Needs – All in One Platform

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4000+ Trading Assets & Pro Tools

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RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.

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RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.