Today more and more people are getting interested in the stock market and online trading platform, mostly because of our technological advancements of the last decade.
Because of smartphones, fast internet connection and social networks, we are living in an Era where everybody are connected somehow on the net. This gave the opportunity to open the gates for an infinite number of opportunities related to the smart world.
One opportunity was given by the implementation of a new form of online trading platform which is called “social trading”. It is a mix between social network concepts and financial trading supported by the last tech available on the market.
Between the features featured on those platforms there is one which interested the most: it is the so-called Copy Trading.
To begin with, you can use this article supported by Investingoal.com data If you are interested In discovering the best copy trading platforms.
But before that, let’s see together how copy trading works.
How Copy Trading Works
Unlike most of social trading and trading in general, copy trading does not rely on info provided by financial rumours or other traders, no. It relies on other traders actions.
This option connects a part of your personal portfolio with a chosen trader’s portfolio, and all of its opened operations are automatically copied in your account, and so it will be for all future operations made by that trader.
The only thing you’ll need to do will be to choose a specific sum that you will invest on the trader and its investments, so that the platform will use a calculated percentage of it for the copied operations.
ZuluTrade: Specialist of Forex Trading
ZuluTrade provides to its customers a cross-broker platform where the main focus is giving them assets, information and signals mainly connected to the FX market.
Founded by a Greek entrepreneur called Leon Yohai in 2007 and has since then developed a vibrant community with thousands of “expert” traders, also called “signal providers”, from whom you, as a trader, can copy their trading strategies with copy trading.
ZuluTrade also gives the possibility of customizing your cop trading, with many features included inside the option itself. But in general, it will function automatically once you finish setting it in the way you want to copy a specific trade portfolio.
Besides that, the platform implemented its social media characteristics such as comments and forums.
eToro: Specialist of Social Trading
This online broker has become nowadays the most renown social trading platform around, and that’s because it puts a real effort to look exactly like a social network.. with trades.
Another feature that made it globally famous though has been its Copy Trading option. Thanks to it, you will be able to copy every step made by a specific trader during its financial journey. The following traders are usually the more important one, called “Top Investors“.
Top Investors are similar to influencers on other social media platforms, only thing is that they are famous mostly for their successful investments.
NAGA Trader: Top Crypto Assets
NAGA trader is a very safe and well-regulated online broker by many authorities and has on his side FCA and CySEC licenses that provides a law-shield for them and us as forex trader.
Beside FXs though, it has two other interesting features which brought our attention.
First of all, its platform provides a very user-friendly copy trading option which makes trading in financial assets very easy for those who are new to this world.
Second, it gives you the chance of investing in many cryptocurrencies, which is a financial product very interesting for many new and advanced traders that is not always treated on trading platforms.