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Published on Wed Aug 11th, 2021

Trade Copying in Nigeria: A New Investment Option

If you reside in Nigeria and consider investing in a dynamic platform but have no idea how to get started, AMarkets has an attractive solution for you. Digital investment platforms have become extremely popular and accessible nowadays. Investors from Nigeria can effortlessly access foreign exchange trading using a system called “Forex trade copying” or “Social trading.” By using this automated trade copying system, you can generate significant earnings.

Trade Copying basically involves copying the trading strategies of professional traders. Also, this platform allows new investors to copy multiple successful traders, which allows you to diversify your portfolio and reduce investment risks.

Judging how popular trade copying has become, it’s definitely here to stay. According to a recent survey, the trade copying market is likely to expand to €70 billion by 2025 (at an annual growth rate of 48%).

To start copying trades, choose a reliable and proven platform and a transparent trading system to copy investment strategies. You can trade copying strategies with one click after checking out successful traders, their performance, and trading history.

More Info About Trade Copying

As mentioned earlier, trade copying or social trading platforms enable investors to copy professional traders who have raked substantial earnings by implementing their trading strategies. Trade Copying is an automated system, so trade copying is also called auto-trading.

Trade Copying System

You can invest through trade copying across all the major markets, such as FX, stocks, indices, and commodity markets. More than 85% of FX transactions include GBPUSD, EURUSD, USDCAD, USDJPY, USDCHF, AUDUSD, and NZDUSD.

Trade copying is one of the simplest ways to tap into the knowledge and expertise of seasoned traders and make a good income.

How does Trade Copying Work?

There are two ways of using the trade copying system.

  1. Trade Copying strategies of successful traders and turn a profit

    This option will be suitable for those investors who want to invest in a trading strategy and following successful traders.

    • Flexibility: All the trading strategies are available in RAMM (Risk Allocation Management Model) - the web-based platform for trade copying, or in the mobile app on iOS and Android devices.
    • Select the strategies to invest in.
    • Start copying these strategies to your investment account.
    • Get the same percentage of profit as the trader without having any expert knowledge in trading.
    • Benefits: Easy to get started: The trade copying system is extremely user-friendly. You don’t need to be a professional trader and have deep knowledge of trading to start investing in the financial markets. You only need to copy the strategies of experienced traders.
    • Simplicity: Simply pick a desired strategy from the Strategy rating based on the strategy data such as profitability, age, commission%, number of followers, etc.
    • Full control of your funds: You do not need to transfer your money to some separate manager account. The funds are kept in your account. You can close your investment at any time.
    • Profit multiplication: A leading trade copying platform allows you to set a multiplier (factor parameter), which enables you to multiply your earnings up to 10 times or minimize your losses.
    • Transparency: You only pay commission to a trader if you make a profit by copying their strategy.
  2. Create trading strategies and make a profit when others copy them

    This option is suitable for expert traders who can create strategies and earn from investors who pay fees for copying the strategy to their investment accounts.

    • Earn from the investors’ profit when they copy your strategy.
    • Create trading strategies in a trade copying platform.
    • You can earn up to 50 percent of investors’ profit.
    • Advantages: Attract investors hassle-free: The minimum initial deposit to open a trade copying account is $100. Such a low entry deposit attracts many investors.
    • Auto trading system: There is no need to add new investments in your strategy manually. The system is fully automated. It’ll do it for you.
    • Weekly payout: The auto trading system checks and calculates investment results weekly and transfers your earnings as a trader’s fee to your account.
    • You can decide the percentage of profit yourself: When creating a strategy, you can decide which percentage of investors’ profit you would like to receive as a commission.

Conclusion

It’s important to note that trade copying should not be seen as a way to make quick cash. Regardless of which trading platform you use, there is no such thing as a risk-free investment.

Although successful traders will serve as guides, investors should always try to improve their ability to evaluate risk, diversify to reduce losses to receive higher returns. Check out the AMarkets RAMM Trade Copying service in Nigeria. It has a user-friendly interface, easy to register, and provides excellent profit-making opportunities.

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Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.

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