Investment in the stock market is often daunting, especially
for those who are inexperienced. A person may always fear that perhaps one will
choose a wrong move or just lose money by dint of one's inexperience. Here
comes a game-changing thing: copy trading. Basically, it entails following and
replicating the strategy expert traders have implemented in the first place;
thus, you can get your feet wet into the stock market with a high level of
confidence. In this post, we will list the top-rated copy trading apps
available in India and how they can help you get started with your trading
journey.
Copy trading refers to an investment strategy in which you directly copy the trades of expert traders into your account. With a copy trading application, you choose a professional trader you trust enough and believe to be having a certain strategy. The application will make this trade on behalf of you. That means you are not going to research or learn complicated trading methodologies—your role is just to follow the pros.
The best copy trading app can enable beginners to make wiser decisions without being deeply in tune with the market. This is why people absolutely love the concept of these apps:
With the rising craze for copy trading, a number of apps are there for the Indian traders to play. Following are some of the best apps for copy trading in India:
Combiz Copy Trading Software is developed by Combiz Services Private Limited, one of the top players in the Indian stock market and trading software firms in India. This app has facilitated copying trades and algo trading on parallel grounds. A one-stop platform where traders can list their strategies or copy the trades that other people are doing. The seamless experience—from a fresher to an experienced trader—makes it count among the best copy trading apps in India.
Another popular copy trading application, which is also available for Indian traders, is ZuluTrade. The platform provides an excellent chance to copy the best traders all over the world. ZuluTrade offers various trading strategies that come in different shapes and sizes to fit most investment styles. You are able to select any trader based on your financial objectives and automatically copy their every trade.
While selecting the best application for copy trading, one may want to pay attention to a number of things, including the following:
As already discussed, copy trading apps have a lot of advantages, especially for those beginners who are entering into the world of investing. Some of the key advantages:
Access to the Professionals' Strategies: You are
entitled to follow any professional trader, even if you're a complete beginner
in this area, and replicate his or her successful performance.
No Deep Knowledge is Required: You are not obliged to
understand the essence of trading as well because all you need is to choose the
trader whom you would like to follow and then copy his trades.
Diversification: By copying several traders, you can
spread your risk and create a diversified portfolio.
Real-time Replication: The best applications will
ensure that the replication is done in real time so you do not miss any
opportunity. Learning Opportunity: You will be learning new strategies of
trading while following an expert trader. Is Copy Trading Legal in India?
Yes, copy trading is absolutely legal in India, but one needs to find a regulated platform that is compliant with Indian law. You are supposed to check the credentials of the platform before making an investment.
Copy trading has reinvented the way someone invests in the stock market. With the appropriate application, any amateur investor confidently can trade. Combiz Copy Trading Software would turn out to be a fairly decent option for Indian investors, offering them security and ease with which the copy trading will be amalgamated with algorithmic trading. ZuluTrade would become another fairly good option for those who need variety and have an urge to get exposed to world markets.
Therefore, remember to start small and do your homework
prior to investing fully into any trading strategy. Give your stock market
journey with the best copy trading application probably a head-start quicker
than you may think.