Dupli Trade
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Automated Trading Made Simple
DupliTrade is a focused, transparent, user-friendly platform that allows you to automatically duplicate the actions of expert traders directly into your your trading account. DupliTrade takes you to the next level of trading with a rich portfolio and a selection of successful strategies built by masterful traders. They have been selected based on their proven history and trading record.
Easy Registration
Open your DupliTrade account and receive the signals directly to your account to maximise your trading opportunities. DupliTrade allows you to improve and expand your trading activity by following some of the best traders in the market.
Benefits of Trading with DupliTrade
Whether you’re a novice trader or just too busy to dedicate time to analysing the markets, Our DupliTrade account offers numerous advantages. Enter the markets from day one and continue trading even when you are not online.
Advantages and Disadvantages of Automated Trading
Pros
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Preserves discipline and minimizes the impact of emotions in trading
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It saves time and can be fitted with the schedule of any trader
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Allows investors to explore a wide range of opportunities and strategies in the market without any human burnout
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Improves order execution, allowing trades to be entered and exited at optimal prices to maximize profitability and limit losses
Cons
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There can be overdependence on technology and the automated trading system, and mechanical failures can have devastating effects
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There is the danger of over-optimization, with investors likely to create a system that is good on paper but is not suited to live to trade
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It may require frequent monitoring to identify potential risks such as connectivity mishaps and system failure
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Improves order execution, allowing trades to be entered and exited at optimal prices to maximize profitability and limit losses
Final Words
Despite its few drawbacks, automated trading platforms are generally beneficial to traders. They can help them explore more opportunities in the market and exploit them with maximum objectivity of their strategies.
Duplitrade FAQs
DupliTrade is designed to make automated trading as simple as possible. By using the principles of social trading, a good deal of mystery and confusion has been removed from automated trading. Plus, DupliTrade doesn’t allow just anyone to become a signal provider. The traders available to copy in the system are all audited and vetted, with many having years, if not decades, of trading experience. Even after the stringent audit process these traders remain under the close eye of DupliTrade to ensure they continuing performing at their best.
DupliTrade has been honed over years of activity to include the best traders that could be found to participate in the service. That said, using DupliTrade is only as good as the traders you choose to copy. Some do well in the beginning, but then become unreliable. Others are steadier in their gains. It is also important that you don’t mess around too much with the trades that are provided. While you are able to make manual changes to the copy trades, doing so will change the overall results, and could do so dramatically.
The entire purpose of DupliTrade is to make automated trading easy and profitable. That said, it is important that you not only choose good traders to copy, but also that you continually monitor their progress to ensure they are remaining profitable. As market conditions change the results of individual traders can also change. At times it can make good sense to drop the traders you are currently copying and choose new traders who may be improving their performance. Just remember that nothing lasts forever and the winning traders this month could be the duds next month.