The increase in the number of traders has also seen an increase in the number of inexperienced traders.
Often the inexperienced traders are at a higher risk of making unsuccessful trade choices because they do not possess the knowledge, understanding, and experience of the trading tools, market chats, and previous market trends.
Although copying the trade of another experienced investor appears to have made work a lot easier, one should have with them their own market analysis before committing any capital to it.
Because of the complexities and the rising number of investors in the stocks, bonds, and crypto market, NAGA has devised a platform featuring tools to allow an investor to copy other’s trades fully automatically.
When one is following another person on social media platforms such as Instagram or Twitter, they always get a notification when they post a photo or tweet.
You can copy by visiting the Leaderboard, selecting the trader you want to copy and hitting the Autocopy button.
Additionally, NAGA provides one with the necessary information regarding the trader’s history.
Therefore, with this algorithm, one does not have to worry about latency because they are provided with the exact opening and closing price of the person they follow.
In the “relative to leader,” option one has the option of choosing the proportionality ratio they want against the leader’s position.
Alternatively, one may choose to invest using a fixed amount.