Automated Trading systems are used by both novice and expert investors.
“A trading system is simply a group of specific rules or parameters that determine entry and exit points for a given trading instrument (i.e. shares, indices, CFD’s etc.). These points, known as signals, are often marked on a chart in real time and prompt the immediate execution of a trade.” - Investopedia
Why do people use Automated trading systems?
Investors use trading systems in order to remove human emotions and to reduce wasted time and energy analyzing and deliberating whether to open/close a position or how to manage the trades.
As you probably understand by now, when trading manually you really must master the markets, learn them thoroughly and spend the time analyzing, tracking and learning while making real time decisions.
Once you start automating your trading, although you do need to have a basic understanding that will allow you to monitor the trades, you can surely sit back and relax while gaining this level of understanding by merely watching the trades of experienced traders.
The best part of using DupliTrade’s platform, is that you can play around with a demo account, looking at both real time and historical trading data provided for each of the displayed trading strategies, and start trading live with your real funds only once you’ve gotten to know the platform.