Many people feel hesitant to try new things. They often feel they lack the skills to achieve results. Copy trading is a great choice for new and inexperienced traders. It’s possible to start slowly and learn how trades work. Forex trading is easy in India. You can learn while you earn. You can feel confident in your ability to profit from trading by following the tips of experienced traders right from the beginning. It simply means that you’ll be supported and guided by experienced Forex traders through every trade you make.
Copy trading could be the ideal way to get started if your trading skills are limited. Instead of spending time and effort learning about markets, you could just copy the success of someone else.
Can you get rich copy trading?
If the trader can find a successful trader to copy, copy trading in India can bring high profits. The greatest risk to a trader copy-trading is market risk. Copying a strategy could cause them to lose money. Trading also exposes traders to liquidity risks if their instruments are in liquid conditions during volatile markets. Finally, traders could be subject to systematic risks if their product experiences dramatic declines or rallies.
It is very easy to set up your copy trading. Simply select the user to copy and then click COPY. Their positions will be copied in real time, proportionally. You can immediately stop or begin copying another user.
Yes, copy trade is legal in India provided your broker has been properly regulated by the Commodity Futures Trading Commission for forex and the Securities and Exchange Commission of the Philippines for stocks.
Copy trading is possible in India with no minimum capital. However, you can start with as little capital as $100. You might be limited in your opportunities with this amount.
It is a good idea to start small and limit the number of signal service providers that you use. This will allow you to quickly exhaust your margin. You will need to invest minimum amounts in order for trades to go through.
List of top copy trading platforms in India
It’s possible to replace existing traders at any moment. But you’ll still need separate Invest accounts for each trader. You don’t have to pay any additional fees for copy trading, other than the one you pay the Strategy Manager every time they make a loss.