A rookie to online trading and still harboring many questions on trading strategies?
Fret not as SmarTrade got you covered with its free one-on-one consultation on copy trading, a strategy that is ideal for beginners in trading and for those who just want to dip their toes first and are not yet ready to get fully soaked in the world of trading.
Copy trading is “copying the trades of more experienced traders.” This is beneficial when you want to mimic what they are doing and apply it in your own trades. It mirrors their portfolio and their strategies and can be applied for both long-term and short-term trades.
“With copy trading, you not just earn every successful trade of a pro but can also benefit from the in-depth market movements. Copy trading makes perfect sense for anyone who wants to make money in the financial markets without needing the time or knowledge to invest themselves,” Gab Santos, SmarTrade coach and market analyst, stressed.
For this strategy, you should use a copy trading service like the ATFX CopyTrade from an award winning and trusted broker like ATFX. This may sound like common sense but there are brokers out there that do not offer this service. Next is for you to choose a trader you would like to “copy”. Then the system copies his or her trading strategy.
It may sound really simple but because this is an investment of your hard-earned money, SmarTrade wants you to really understand how the details of the “copying” work at its core level. Your success depends on the investor that you would want to copy and it is crucial that you choose the right one that is aligned with your goals when it comes to trading.
“I will only recommend copy trade for beginners. Majority of the beginners are having a hard time dealing with technical analysis, chart reading, risk management, and the likes. With the help of copy trade, all they have to do is just follow a provider and wait to earn money but they need to understand that it doesn’t guarantee success all the time so they need to be very careful,” Santos explained.
SmarTrade allows you to dig deeper into this strategy for you to see how it works through demonstration and hands-on coaching.
“Copy trading has been growing for the past years, and it’s certainly a good solution for when you need some help in your trading. The better the trading signal you get, the more successful you may be,” said Santos.
Learn copy trading from SmarTrade coaches by booking your free one-on-one consultation at www.smartradeph.com. An advocate of financial literacy to help Filipinos gain financial control and growth, SmarTrade has been providing 100% free learning sessions about investments such as online trading. The company has trained more than 20,000 Filipinos in the past five years.