Investing in financial markets can be very time-consuming. This can be especially true if you are just starting out in the trading industry.

However, you can make the most of your time by copying trades. This can save you a lot of time, and allow you to get on with other things.

eToro

eToro is a leading social trading platform that offers low trading fees, excellent educational materials, and an array of tools to help you learn about trading. It also has a unique copy trading feature that allows you to mimic the trades of other traders on its platform.

You can choose to follow a single trader or up to 100 simultaneously. You can also stop or pause your copy, as well as add and remove funds at any time.

The first step in choosing an eToro trader to copy is to assess their trading style. You want to find someone whose trading style matches your own and investment goals.

This can be done by checking their eToro portfolio. It shows their total assets under management, returns on investments, and risk score. Traders with a green score are considered safe, while those with a yellow or red are more risky.

MT4

MT4 is one of the most popular trading platforms in the world, offering a variety of features to traders. It has been designed to allow anyone, regardless of their technical skills or knowledge of the market, to use it.

Copy trading lets you replicate the trades of other successful traders with minimal investment. Thousands of traders make high-profit trades by doing this.

The MT4 platform has several important features that make it perfect for copy trading. It offers a variety of charting options and allows you to keep your eyes on different markets simultaneously.

The MT4 platform also displays trade levels on your price charts, which you can customise. These can be displayed as green dotted lines for entry levels and red dotted lines for stop and take-profit levels. This is a simple process, and can be accessed from the 'Properties' section of MT4.

MT5

MT5 is an online trading platform that offers traders a variety of tools and resources. It features a large number of technical indicators and graphical objects for performing advanced price analysis on a wide range of financial instruments.

Copy trading allows you to follow and trade a specific strategy that is being used by other traders. The process is very simple: just find a trader you want to follow, allocate funds to copy their trades and wait for the software to do the rest.

Once you have selected a trader to copy, it is important to choose a broker that offers this service. You should be careful with your capital and ensure that the broker is regulated by a reputable market authority.

MT6

Copy trading is a type of mirror trading in which the trader links their trading account with that of another user and all their actions are carried out automatically. This is a convenient way to save time and avoid making mistakes, such as opening or closing positions when they are not profitable.

MT6 offers a variety of copy trading tools and features. For example, it allows you to copy the trades of traders with a certain level of experience and success.

Copy trading is a great option for new investors who are not yet familiar with the markets or with trading in general. However, it is important to consider that it is not a replacement for actual learning.

MT7

MT7 (Mobius Trader 7) is an advanced trading platform, which allows you to perform transactions and carry out technical analysis. It can handle large numbers of orders, has an impressive number of indicators and tools for charting.

Traders can open an account with any of the basic cryptocurrencies: BTC, BCH, ETH, DASH and LTC. A unique crypto address will be automatically linked to your trading account.

The emergence of blockchain technology has changed the way trading is done. It connects everyone and enables fast international transfers. Traders can easily make profits with this new type of system.