Trading is a form of art. Trading can be done in different ways, two of the main ways that people trade include manual trading  –  the art of performing all the market analysis yourself and then placing the trades and copy trading, – the simple act of finding a trader that you believe has a good strategy, and simply copying their trades onto your own account. The latter is fastly becoming one of the more popular ways to trade with multiple platforms appearing allowing people to copy other traders’ trades. We are going to be looking at the advantages and disadvantages of both so you can compare which method of trading may be best suited for you.

In this article we will explain the differences between automated & manual trading. So let’s dig a little deeper into both! Manual trading Vs Copy trading.

Manual trading system

Copy Trading system

Specifically for copy trading, there is a master account that is controlled by a person. Master account is linked by number of slave accounts. When a trade is placed on the master account, it is automatically copied to the copy accounts.

Mirror Trading

Social Trading System

Conclusion

Encompassing the best of both Manual and Copy trading, these Automated Trading Signals may come from either (or a combination of both) forex trading professionals and automated systems, and their trades are automatically replicated to your trading account.

So that is manual trading and copy trading, there are advantages and disadvantages both, you need to work out which one will work for you, or maybe even try a little bit of both. There is no harm in trying multiple methods, as a beginner, copy trading is perfect, but it is always good to learn on the side so that you can later be an independent trader with the ability to trade fully yourself and not have to rely on others.