Copy trading, also known as social trading, is a way to automate your trading by copying the trades of other traders. It is often used by newbies that might not yet know how to trade, with the added benefit of helping to teach them on the way. For more experienced traders, it can enable them to step away from their screens if they need to, as all trades are automated.
The goal of copy trading, like regular trading is to open positions on various financial markets including FX, CFDs on Stocks, Commodities, Indices and Cryptocurrencies, and then to close the position, hopefully once the value of the asset has moved higher.
This could be a good option for those who lack the time or experience to trade by themselves. For this reason Divestix offers the facility of copy trading. This enables you to sit back and watch the action.
There are many advantages to copy trading, here we have covered just a few: