What is Automated trading？
Novice traders that wish to enter the markets without having a deep understanding of trading, or without putting in a lot of time and effort to develop a profitable trading strategy, often use copy-trading strategies, particularly if they can find a reliable platform like DupliTrade.
After all, it‘s not easy to find the right trading strategy, one that is going to provide consistent results in any given market cycle. Testing and refining such a strategy can be a long process and should involve back and forward testing over multiple time-frames to verify that your strategy is robust enough to make profits in a number of different market conditions. If you can find someone that has worked on this process and that is now offering a profitable strategy over time to copy, why wouldn’t you follow this person and copy his trades？
According to DupliTrade – a leading marketplace for trading strategy providers – this innovative way of trading allows you “to automate your trading by duplicating expert traders activity according to your selected duplication setup”.
The main advantage to copy-trading is the ability to follow and duplicate successful and profitable traders that have proven track records and battle-tested trading strategies.
With copy-trading, you do not need to deal with trading stress, or to be sitting at your trading desk following the markets for hours – your trading account is copying the trading positions of a profitable master account that you would have previously selected.
Copy-trading is especially useful for newbies in the markets, but it is also used by many experienced traders that understand copy-trading and want to take advantage of following and copying leading traders, or fund managers.
One of the most important steps in copy-trading is to select the strategy your trading account is going to follow. DupliTrades strategy providers give a lot of information about the general activity of the account, with full statistical data and additional information you might require to select the proper audited strategies displayed, and most of the strategy providers follow a semi-automated or automated trading method.
