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Copy trading enables individuals in the financial markets to automatically copy positions opened and managed by other selected individuals. Unlike mirror trading, a method that allows traders to copy specific strategies, copy trading links a portion of the copying trader's funds to the account of the copied investor.
Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders. The primary objective is to follow their investment strategies using copy trading or mirror trading. Social trading requires little or no knowledge about financial markets. [1]
Mirror trading is sometimes also referred to as copy trading although copy trading differs slightly from mirror trading in the way that accounts are linked. In copy trading, the trader directly copies the moves of an individual successful trader; whereas in mirror trading, investment decisions are based on algorithms developed from trading ...
The ZuluTrade service is a social and copy trading online platform that allows users to mimic the investing strategies of trading "experts" in forex markets. [1] [2] The user base is typically split into two categories: signal providers and followers. Signal providers are generally traders that have developed a strategy willing to share and can ...
Around 2005, copy trading and mirror trading emerged as forms of automated algorithmic trading. These systems allowed traders to share their trading histories and strategies, which other traders could replicate in their accounts. One of the first companies to offer an auto-trading platform was Tradency in 2005 with its "Mirror Trader" software.
Social trading platforms offer investors easy access to thematic investment. For example, eToro’s copy trading feature [9] enables traders to automatically match portfolios of leading investors, providing exposure to portfolios in areas such as technology, cryptoassets, renewable energy, gaming companies, banks, genome engineering and others ...
An NFT (and, if applicable, the associated license to use, copy, or display the underlying asset) can be traded and sold on digital markets. [12] However, the extralegal nature of NFT trading usually results in an informal exchange of ownership over the asset that has no legal basis for enforcement, [ 13 ] and so often confers little more than ...
In 2021, the company launched NAGA Pay, a mobile banking and investing app that combines an IBAN account, a VISA debit card, a share deposit, copy trading, and physical crypto wallets. [13] NAGA Group AG develops a social investing platform (with 1 million users), crypto platform and a mobile banking and investing app. [14]