Copy Trading Development - How does it work?

4 min read
29 December 2022

Copy trading operates in all financial markets. It can be used to trade Forex, stocks, crypto, commodities, metals, and other financial markets. Many traders who seek to replicate the trades of other traders are primarily interested in their trading performance, not in the markets they trade. 

Certainly, you may prefer to copy traders who focus on crypto trading. Since the market of crypto trading is rather new, it might be a perfect idea to follow a proficient trader who has more technical knowledge than you have. If you don't have enough experience trading cryptocurrencies, it makes sense to copy their trades. Here’s how to do copy trading for cryptocurrency trading. 

Step 1: Explore for investors available for Copy Trading

You may filter traders based on their location, the markets they invest in (Crypto, Forex, stocks, ETFs, and more.,) their profit margin from the last month, and other factors. 

Step 2. Choose one trader to apply the copy trading strategy

After choosing and filtering the crypto investors that focus on your preferred assets, you may check out more explicit stats on their profiles. You may see how many are already following and copying their positions. 

Step 3. Enable “Copy trading” 

After deciding on the trader you want to copy, just click on the button - "copy". You will have to set the information for the traders before the platform can start copy trading. After you have set the part of invest and the setting for closing the investment. And click - "Invest". After you initiate your investment, you'll have the same investors in your portfolio as the traders that you just copied. 

Step 4. Close the investments at any time

Now you will see that you are copying their trades. On that page, you will see all the detailed information about their investment. And you will find the same info on your portfolio page. 

At any time, You can close this investment and stop copying their traders. While there is no need to monitor your copy investment. Because the trader you are copying is already doing that, you may decide to stop copying their investments. To do so, you have to go to your portfolio, discover that trader that you want to stop copying and on their page, move to settings and select "Stop Copying". 

Most new crypto traders have no idea where to start and how to pick the best assets for investments. One of the greatest ways to create a crypto portfolio is Copy trading. Luckily, many popularized trading platforms offer numerous features to assist you on your investment journey. This Copy Trading platform Development opens the trades on your account automatically, when the trader you follow opens them. You can also decide how much capital you desire to use for these trades and the total risk per trade. 

Copy trading is a method to automate your trading by copying the trades of other investors. It is often used by newcomers that might not yet know how to trade, with the added benefit of helping to teach them on the way. Maticz offers you proficient Copy trading Development and a pro player in the crypto trading world.

Discuss your requirements and get a pre-fabricated live free demo via,

Email: sales@maticz.com
Whatsapp: +91 93845 87998
Telegram: @maticzofficial
Skype: live:.cid.817b888c8d30b212

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Jamie Lucass 2
Joined: 1 year ago
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