Many beginner traders do not have enough time and skills for constant analysis of financial markets.
Trading without forecasting carries more risks, so a tool called Copy Trading (Auto Copy or Social
Trading) is becoming more and more popular among traders. This trading feature brings together
experienced and novice traders — experienced traders create signals and beginner traders receive these
signals.
This article will help you learn more about Copy Trading and PIPSZONETrades 's smart solutions for
copying trades of top-performing traders.
What is Copy Trading?
Copy trading, also known as social trading, is in essence a community that brings together new and
seasoned investors. It allows experienced traders to put forth their trading strategies for others in
the community to follow and copy for a fee.
New traders and investors can easily get into the markets with a much shorter learning curve by simply
copying the strategies and trades of more successful traders as they observe and learn – the whole time
having complete control over their account.
You can copy trade across all financial markets, for example in CFDs of the below asset classes:
- Forex;
- Commodities;
- Cryptocurrencies;
- Indices;
- Stocks and others.
While having a wide range of trading products allows you to profit directly from movements in single
markets, it also presents a potentially valuable opportunity for diversification.
For example, if you predominantly trade Forex currency pairs, you could benefit from copying a trader
who could have more experience in CFDs in cryptos or stocks. Watching all the relevant markets all the
time is impossible, but copy trading can help fill the gaps.
Whatever market is being traded, it’s important to remember that you remain in full control over your
account and that you can place your own manual trades alongside any trades generated by the master
trader. Also, in order to minimize potential losses, you need to have a solid and enhanced risk
management plan in place.
How to Get Started Copy Trading with PIPSZONETrades
The peculiarity of copy trading is that a trader does not need to analyze markets 24/7, follow the news
and learn different trading strategies. All this is done by experienced traders, who are engaged in
everyday trading, making additional profit from those who want to copy their trades.
Accordingly, copy trading saves time, allowing you to repeat the result of an experienced investor
easily and efficiently. It's enough to monitor orders and control your own account.
PIPSZONETrades is one of the world leaders in copy trading. Autocopy is
PIPSZONETrades
's advanced and well-built copy trading service with an intuitive interface, favorable commissions
and a global community of experienced traders.
Follow just 5 steps to start copying trades of successful traders with PIPSZONETrades :
- Sign up on PIPSZONETrades and go to Autocopy.
- Find a Top Trader in the Leaderboard.
- Check trader’s performance statistics.
- Choose the type of Autocopy and investment amount.
- Confirm settings and start Autocopying.
After you confirmed your Autocopy settings ⚙️, the algorithm will automatically mirror any eligible
trade opened by the master trader.
That means that any order that falls within the parameters you set will be copied instantly.
Why trade with PIPSZONETrades ’s Autocopy?
Copy Trading is becoming increasingly popular because investors can simply copy the trades of
experienced traders, 100% automatically.
With PIPSZONETrades ’s solution, your copied trades will be executed with extreme precision, and full
transparency.
Don’t worry if the provider you want to follow has a lot of funds or a different account currency –
everything will be sorted automatically. You only copy trades of an experienced trader based on your
trading account size and settings.
Here are some tips to help you successfully use copy trading in practice:
- Focus on consistent performance rather than just looking for the highest return – the longer the
track record, the better!
- Keep an eye on the max drawdown – this will indicate if the signal provider is trading with high
risk or if they are more risk averse.
- While the number of followers is not in itself an indicator of success, taken alongside a proven
track record, it can be a good sign.
- Adhere to a strategy of diversification and money management, distributing funds between different
investment instruments
Conclusion
Copy trading is a great solution for those who want to become part of the financial market without
wasting time. Having a small capital allows you to fully participate in trades in Forex, stocks and
other assets in а minimum amount of time, and without the need of great exposure or experience in the
trading markets.
PIPSZONETrades has optimized the process of copying trades of experienced traders. Therefore, you can
copy trades on the Autocopy in just a few clicks. This can significantly improve your trading
experience, regardless of your level of expertise, given of course that a proper and enhanced risk
management plan is in place to support your trading strategy.
Summary
- Trading without forecasting carries more risks, so a tool called Copy Trading (Auto Copy or Social
Trading) is becoming more and more popular among traders.
- You can copy trade across all financial markets: Forex, Stocks, Commodities, and others.
- PIPSZONETrades has optimized the process of copying trades of experienced traders. Therefore, you
can copy trades on the Autocopy in just a few clicks.
