Copy Trading

Trading can be a risky game if you're not equipped with the right tool. This is where copy
trading comes into play. Copy Trading is the process that permits traders to follow the
footsteps of investors in the financial market. Through this process, traders entitle the same
position as the investors by blindly following them. Investors use assorted trading strategies
like stop loss, take profit, or trade entry. A trader can facsimile all these strategies to procure
a good position in the financial market.
Copy Trading in Pakistan 
As stated earlier, that trading is a risky game and one may subject to fraud. To avoid fraud,
the government of Pakistan has established to oversee the process of trading. Trading in
Pakistan is highly regulated by the security exchange commission of Pakistan (SECP), this
bureaucratic authority prevents any sort of fraudulent activity. Copy Trading is lawful and to
get started, you have to associate yourself with a licensed broker, who is registered with
SECP. From there you can simply follow the broker, who consistently monitors the market
and makes the best use of the invested money. 
Copy Trading in Pakistan is grabbing the attention of traders, as portfolio diversification is
very easy. Comprehending that investors can get maximum returns from the market. Consider
the example of forex or commodity trading, investor might be using different time frames.
One might be a short-term trader or the other might be long-term position holder investors.
What traders have to do? They simply have to follow the footprints of investors to generate
the same amount of revenue, they are generating from the market.
Copy Trader and Signal Providers
Signal Traders are the ones who have granted access to their data, their trading patterns, and
trading history with the other traders. If you want to register yourself as a signal provider then
you have to create a seller account on the same platform that you are already using to invest
your capital in different stocks, commodities, etc. to generate revenue from the market. The
reason why investors register themselves as a signal provider because it provides them with
the opportunity to generate income from setting up the seller account. An investor must fill
the important mandatory field of the form. Some of the most important details of the forms
are
 Your Name i.e. that name you want to have appeared on the signal account
 Password i.e. setting the password of the account is very important as it ensures
your safety.
 Price i.e. the amount that you will be charging from the copy traders.
To become a copy trader, you need to decide the amount that you will be investing in your
account and directly copy everything in real time. After copying the signal provider you don’t
have to worry at all because whatever he will be trading from his account would
automatically be traded from your account and the account status of both of them would be
the same as they are sharing the same trade i.e. what’s the loss of signal provider is the loss of
copy trader and what are the profits of signal providers are the profits of the copy trader as
well. 

How It Works
Both copy traders and signal providers are interconnected using the copy trading platform as
the signal provider shares all of his moves with the copy traders. This link between the copy
trader and signal provider is crucial as live interaction enables the copy trader to blindly
follow the footprints of a signal provider. Several copy trading platforms are available that
provide the features like stop loss, take profit, indicators to help protect the investors from
financial strain or losses. Also, investors can limit capital use by placing restrictions on trade.
Some of the best copy-trading platforms are 
 eToro
One of the best copy trading platforms that offer 0% commissions meaning that you can buy
and sell stocks on eToro with zero commissions i.e. no brokerage fee on taking long or short
positions. However, other charges like FX fees or withdrawal fees are chargeable. The total
number of trades with eToro is 339,778,047 and this number is continuously increasing every
second.

 AvaTrade
AvaTrade is net in the queue, which is providing the user-friendly interface with extra added
innovative features. AvaTrade provides you with different trading platforms like web trading,
Avaoptions, Meta trader 5, Mobile trading. Mobile trading is the most convenient one you
can carry your work on your vacations. Today, Ava Trade has an active community of more
than 70,000 members.

 OctaFx 
One of the best options the one could look for starting their trade with this one. Currently, it
is offering a 50% bonus on each deposit. First, you have to make an account, that could either
be a micro, pro, or ecn account. The 2nd step is to make deposits in your account. The
minimum deposit condition is $50. It is also providing the option to grow your deposit by
half with a bonus. Adding fuel to fire, it is also offering tight spreads i.e. the difference
between the bid and ask price that is attractive to all the investors.
 XM Group 
XM Group is a regulated and licensed broker with outreach in 196 countries. They have their
clients all across these countries. The crew of XM could speak more than 30 languages and
are readily available for the support of their clients. They have 1000+ instruments for trading
also the spread offered is as low as 0.6 pips.
Difference between Copy and Social Trading 
Copy trading and social trading are different concepts that are usually interpreted as the same
concept. These concepts can be considered the same in some contexts, but they are not the
same! Copy Trading is a subset of social trading. It is the uncompromising form of social
trading as an investor account is strapped with your account, mirroring the trades of both
accounts. Inferring that the losses and profits of both the accounts would be same. This
process is automated but some platforms provide the option to supervise the process. Social
Trading, on the other hand, is broader in terms of managing the portfolio. Under, the concept
of social trading, traders don’t allow someone to manage their trades in a computerized or
automated manner. The final decision of trade solely relies on the trader whether he wants to
enter the trade or not. Under copy trading, traders don’t have the power to make the final
decision. However, social trading is more towards helping the traders, rather than making
them trade with you in the same manner.
Suggested Trading Platform
Investors are the ones who seek for greater advantage at a low cost. The suggested platform
will be the one that is offering minimum spreads, provides good fundamental and technical
analysis to traders. Above all, it should be registered to the regulatory authority of Pakistan.
Keeping in mind, all these aspects Octa Fx is the highly recommended platform, where you
can start your trading easily with no complications involved.

References 
https://www.cmcmarkets.com/en/trading-guides/what-is-copy-trading#:~:text=Copy
%20trading%20allows%20traders%20to,the%20investor%20they%20are%20copying.
https://investingoal.com/forex-brokers-pakistan/
https://www.etoro.com/
https://www.avatrade.com/
https://www.tradingpedia.com/social-trading-academy/social-trading-vs-copy-trading/
#:~:text=You%20can%20say%20that%20social,a%20part%20of%20social
%20trading.&text=Copy%20trading%20is%20a%20very,their%20losses%20are%20your
%20losses.
https://www.xm.com/landing/promo-shares/en?
gclid=Cj0KCQjwytOEBhD5ARIsANnRjViGIFlXGLZQhj7AQnNjXlchgkzv55nlsjDx7Z-
hd3Mo5xMU38ijpdYaAn87EALw_wcB