Does copy trading really work? Let’s go find out right away with this new article on Invest In The Stock!
We have already explained in previous articles what copy trading is and how it works, which is why today we will focus only on this question which for newbie traders becomes an important step in this adventure.
Does copy trading work?
In general we can say yes, and there are millions of inexperienced traders who today make use of this new tool made available by the most advanced brokers.
However, it must be said that all that glitters is not gold, in fact, as we well know, copy trading is used to emulate the trading operations of professional traders.
But this does not mean that a professional trader is never wrong, in fact even copy trading is by no means risk-free!
What we mean is that from a technical point of view copy trading works, and therefore it is really possible to emulate the operations of professional traders, but on the other hand, since this is a form of investment, albeit indirect, there is a high risk of losing the own capital.
Which traders to copy with copy trading
The profiles of the most experienced traders are available within the trading platforms, by clicking on their profile you can view interesting data such as the percentage of successful operations, authority, etc.
Therefore, in choosing the trader to copy, all these parameters must be considered so that you can try to avoid the risk of burning away your money with wrong operations.
Our advice is don’t start investing money you can’t afford to lose, especially if you don’t have the skills and training to make investment decisions.
What are the copy trading platforms
The online trading platforms that make copy trading available to their users are different, the most important and also recognized by the control bodies are: eToro, Bdswiss and Metatrader 4 abbreviated to MT4.
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