Copy trading platforms

YellowWitty said:
How do spreads work in copy trading? Will those be the same as that of the trader I’m copying trades from or will there be a difference in spreads?
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Spreads will depend upon your broker. On some copy trading platforms, users can only have an account with one broker so in that case there won’t be any difference in spreads or other trading conditions.

But I am using Zulutrade. There, users have a choice to choose from any of the supported brokers. So if the trader and the investor have accounts with different brokers who are offering different spreads then there will certainly be a difference in spreads on both accounts
 
Fiotrader said:
Can anyone advise how one goes about setting up a copy trading account? Can I directly link my broker account or do I need to create an account first on the platform?
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That depends upon the platform. Some brokers have integrated copy trading platforms so in that case I don’t think you need to create two separate accounts. But if I talk about independent platforms, then you need to register with a broker as well as open a copy trading account on the platform.
 
Lyla said:
I think you can create an account on the platform and then link it to your broker account if the platform supports your broker. Also, you can contact their support team if you have any broker-related questions.
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Do you have any reliable platform recommendations?
 
Lyla said:
I usually trade on Zulutrade and have used Naga as well. Both are reliable imo.
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Reliable is a subjective term, do you consider them reliable because they offer an honest ranking of traders or do they genuinely help others make profitable trades?
 
Is the OP still around?

If he is not around, it means copy trading platform wouldn't work.

And if you want to earn money,
you cannot be lazy by copying other people's trades.
You have to work very hard to develop your own holy grail.


BOTs simply love forex.

BOTs don't like futures, stocks, options.
Perhaps they are still not intelligent enough.



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the success on copy trading depends on others , so i do not prefer this kind of trading approach , we the traders should depend on manual trading , this is the ultimate solution.
 
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