Copy trading lets less experienced traders copy the same trades of more skilled investors. In short, copy trading is literally copying someone else's work, but in a good way.
OrangeX offers a user-friendly, convenient, and transparent experience through its one-click copy trading service. This service not only lowers the entry barrier for novice investors but also helps expert traders cultivate targeted followers and earn commissions higher than the industry average.
In the copy trading system, users who replicate portfolios are known as Copy Traders, while those who create and manage the portfolios are referred to as Lead Traders.
Copy Traders can:
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Automatically synchronize opening and closing trades executed by traders they follow;
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Decide when to open and when to close the portfolio;
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Adjust the amount they allocate to copying;
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Set stop loss and take profit levels;
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Simultaneously copy multiple portfolios from different Lead Traders.
By emulating the investment strategies of seasoned traders, Copy Traders can expedite their learning process by gaining insights into the knowledge, experience, and skills required for successful trading.
Lead Traders can:
However, it's important to note that copy trading does not guarantee consistent profits due to market fluctuations. Potential investors are advised to thoroughly assess the associated risks and select investment options that align with their risk tolerance and preferences.