Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
Trading has become a popular venture in the world today. Many people are choosing it as a form of investment. This includes Forex trading, Crude Oil trade, Bitcoin trade, and even Litecoin trade. The increase in the number of traders has also seen an increase in the number of inexperienced traders.
Often the inexperienced traders are at a higher risk of making unsuccessful trade choices because they do not possess the knowledge, understanding, and experience of the trading tools, market chats, and previous market trends. Therefore, for them, trading can be a bit complex. This has created a niche for the evolution of copy trading: NAGA Autopsy.
Although copying the trade of another experienced investor appears to have made work a lot easier, one should have with them their own market analysis before committing any capital to it. Even copying the positions still means that the investment capital is still at risk. Also, past performances do not always indicate possible future performance.
How has Copy Trading Evolved? NAGA Autocopy
Because of the complexities and the rising number of investors in the stocks, bonds, and crypto market, NAGA has devised a platform featuring tools to allow an investor to copy other’s trades fully automatically. This is called Social Autocopy.
This feature is exclusive to the NAGA super App seeing as it only allows one to copy positions of other traders using the NAGA platform.
How does it work?
When one is following another person on social media platforms such as Instagram or Twitter, they always get a notification when they post a photo or tweet. This is the same way NAGA Social Autocopy works. The Social Autocopy feature comes with a “follow/subscribe” option. This allows one to follow the traders of their choice. Once that is done, they will always get a notification when they make a trade. If one wishes to copy the same position as the trader, they are liberty to.
You can copy by visiting the Leaderboard, selecting the trader you want to copy and hitting the Autocopy button. Although it is an Autocopy, it does not imply that the user cannot edit the amount they want to invest – the platform allows you to adjust the ratios or specific investment amount they want to invest.
Additionally, NAGA provides one with the necessary information regarding the trader’s history. The losses that have been made by a trader, as well as the profits made, are transparently displayed.
Also, with a unique tailored price-matching algorithm, one can cure the time variation between when the trade is made and its automatic copying. The reason is that the trading market is volatile, and it takes about a second, and the prices have changed. Therefore, with this algorithm, one does not have to worry about latency because they are provided with the exact opening and closing price of the person they follow.
How to allocate the amount one invests?
Of course, one can adjust the ratio of the investments they wish to make using Autocopy. This is allowed by the full flexibility that comes with investing in the NAGA Social Investing Platform.
The amount one wishes to invest is entirely up to the amount option that they have chosen. There are two types of amount options to choose from. These include
- Relative to Leader
- Fixed Amount per Trade
In the “relative to leader,” option one has the option of choosing the proportionality ratio they want against the leader’s position. For example, if the leader buys 100 CocaCola shares and your ratio is 10%, you will buy 10 shares when you automatically copy this trade.
The benefit is that this allows one to diversify their investment among different leaders.
Alternatively, one may choose to invest using a fixed amount. That is, you may choose to invest a fixed amount of $10 or its equivalent, and that will be the amount to be invested at all times when you copy the leader.
The NAGA Social Autocopy gives you an edge in time management and allows for diversification of investment.