Top 5 Copy Trading Apps: What You Need to Know

Have you ever had the urge to buy a cryptocurrency but don’t know how? It can be difficult to know where to start if you have never traded before. This is why some people choose to use copy trading apps, which are designed for beginners.

These apps allow you to follow the trades made by other more experienced traders. The idea is that more experienced traders show you what kind of trades work, and then

It depends on you

whether you want to do those operations or not.

In this blog we have described

top 5 trading apps

that exist, so check them out!

What is copy trading?

In a nutshell, copy trading is a simple and relatively easy to understand trading strategy, which consists of selecting the operations of an expert Trader, and copying the entries and exits of his operation. When he buys, you do, and when he sells too. You can choose the amount that benefits you the most to invest, and copy their automatic profit and loss limits, for example.

Top 5 Copy Trading Apps:

The market is a very competitive place AND copy trading apps are a way to set yourself apart from the rest. It can be difficult to get the right information about traders and the market, so the copy trading apps we are going to recommend will help you choose wisely the trader you are interested in copying.

Darwinex
This is a copy trading app that will give you the opportunity to learn from a variety of well-known people in the trading world, with over 50k followers, although it is only available for buying and selling stocks.

Naga This app is the

favorite

by traders who have just started and are still learning how to invest. It is

free

and is available for Android, iOS and Windows. It allows you to copy the investments of other professional traders, in addition to being able to read and share the experiences that other investors have had in their operations. Naga has multiple forms of payment available, as well as trading and investing in more than 950 of the world’s main instruments, from currencies to futures, commodities, stocks, indices, cryptocurrencies… etc.

Your tools for Copy Trading and

social trading

make it a unique application to operate and one of the

top

options. And as if that were not enough, it offers seminars and

free courses

to all its members, just for registering.

eToro
We are sure that this application sounds familiar to you. With it you can have access to hundreds of different opportunities to invest in shares. In addition, receive notifications and alerts in real time through your portfolio of what is happening in the market and within the platform. You can use it on your mobile and on your computer, as you prefer.

CEX.IO
CEX.IO is the newest cryptocurrency exchange out there. Trading stocks and government bonds on their exchange has been one of the most lucrative businesses they have ever had. Cex.io allows you to trade bitcoin, litecoin, dogecoin, and ethereum, among many other cryptocurrencies, and you can buy or sell currency pairs directly, meaning if you wanted to trade the Australian dollar you could.

NinjaTrader
This free platform is also widely used by more experienced traders, and is geared towards advanced charting, backtesting, and trading simulation. It has a simulation module available to put your trading strategies into practice, but you will have to pay for the premium features.

You should know that trading in the stock market carries risk and should not be done lightly. These applications are aimed at making their users’ work easier, but they won’t give you anything for free, so you’ll have to study them thoroughly if you don’t have experience yet.

To do this, it is best to start with an application that allows you to have an account

DEMO

like this one, to spend some time trying strategies without risk.

We hope to have helped you once again. May the market be with you!

Trade channel.

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