What is Copy Trading

Key insights

Copy Trading gained popularity among the traders that lack experience or just simply don't have enough time to commit to trading. In essence, in copy trading one trader's positions are copied by another trader's account. It is a part of a wider Social Trading concept that NAGA embraces and represents fully: traders follow each other's methods, copy trades, interact with each other on dedicated platforms ( Feed and Messenger).

It is very important that even when you decide to copy trades of another investor, you should always carry your own market analysis before you invest and commit real capital to it. You must understand that even when you copy positions of the most experienced traders, your capital is still at risk. Past Performance is not an indication of possible future performance.

The evolution of Copy Trading: NAGA Autocopy

At NAGA we developed an innovative feature that lets you copy others' trades fully automatically, called Social Autocopy.

Essentially it allows you to automatically copy positions of other traders in the NAGA platform. The same way you get notified in real-time when you follow someone on Instagram or twitter and see their stories or content, in NAGA you "follow/subscribe" to someone else's trades.

We help you to understand the traders trading behavior, and all trades as every profit or loss is transparently displayed. On top of that, NAGA offers you an unique way to follow other traders' trades and has developed an own price-matching algorithm which is absolutely unique.

Why price matching so important: Markets can be very volatile and in every second prices can change multiple times. If you copy a leader and the position is copied, there might be small network delays (below 1 second) and prices might have changed. However: Our algorithm will match the exact opening and closing price of the person that you are copying. You do not have to worry about latency or delays at any given time.

Transparency is key

All our leaders publish all trades on their personal NAGA feeds and also are ranked on the leaderboard. The leaderboard allows you to cherry-pick the best traders and build your own "autocopy-portfolio".

NAGA Leader's (experienced trader) positions are being broadcasted on their profile stats and on the Feed, where Copiers (traders who copy Leaders) can decide if they'd like to open the same position, therefore Autocopy this particular leader. Once the Copier has started copying the Leader, those positions will open automatically and according to Copier's preset settings.

It is important to note that we do not display currently open trades as performance. As positions can turn, results and performance can not be counted on unrealized profits nor losses.

How to use Autocopy?

After you've done the initial research and analysis, familiarised yourself with the community on NAGA you are now ready to click THAT magic button.

Visit the Leaderboard, select the trader you would like to copy and hit the 'Autocopy' button.

What they trade - you trade.

You also decide on how much you would like to invest by adjusting the Autocopy ratio or set the specific investment amount anytime in the Autocopy section.

You can set Stop Loss and Take Profit limits to secure your trading profits and limit your potential losses.

Click here for the step-by-step instructions.

How to allocate funds

Our Autocopy feature offers real-time execution and price matching and allows you full flexibility of investing

The minimum amount you need to Autocopy someone basically depends on the Amount option you choose:

• Relative to Leader
• Fixed Amount per Trade

➡️ If you choose "relative to the leader" you basically copy proportionally to the leaders position size. If for example the leader buys 10 Apple shares and your %-ratio is 10% you will by 1 appl share. This gives you flexibility to diversify amongst leaders and allocate funds dynamically.

➡️ If you chose the Fixed Amount per Trade the minimum amount needs to be at least $50 (or equivalent).

➡️ For the "Relative to Leader option", the minimum amount is the minimum available position.

Good to know:

Autocopy has fees that make the feature beneficial for both the leaders (the ones being copied) and the copiers! More on those here.

You can become a Leader yourself, have others autocopy you and earn Copy Bonus'! Find out how to do it here.

If you want to know more about copy trading on NAGA, visit our FAQ page or simply get on Feed and ask other traders in the NAGA Community.

Last but not least: Pro's and Con's of Copy Trading

Pros:

• Taking advantage of other traders' knowledge, commitment and expertise by using Autocopy
• You get a chance to diversify and to trade the markets that you might be unfamiliar with but want to the exposure
• You can make the most out of the seasonal trends that normally you wouldn't consider as an opportunity
• You win time: if you use Autocopy you can make the most of your time by simply basing your decisions on experience trader's ones

Cons of Copy Trading:

• Copy trading could potentially make traders (Copiers) feel like they don't need to do their own analysis or research and learn about the markets themselves

❗️Copy trading DOES NOT eliminate risk. Hope it helped! Happy Copy Trading!

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