Trading CFDs is quite a new business venture that has taken the industry by storm. It involves speculating the rise and fall of prices on various assets, like commodities, currencies, stocks, etc.
Processing how CFDs work and the best way to profit can be time-consuming, especially for beginners. Read how not to waste time and money when trading CFDs at https://getfirststep.com. But you don’t have to worry, as many trading platforms have automated software that does everything for you.
Getting the right automated trading software is vital in modern days. They carry out all the heavy work of trading, analyzing, and anything else done by human beings.
Read on to learn more about the best-automated platforms and how they are changing the world of CFD trading.
Top 5 Automated CFD Trading Software
As mentioned earlier, there is an extensive number of trading platforms in the world today. However, not all of them meet the market standard. That’s why we test the features of each app in the demo before recommending it to our readers. Here, we’ve provided the most trustworthy software and its key features.
eToro CopyTrader
eToro CopyTrader is an incredible social trading platform. The fact that investors can trade assets at a low fee is one of the reasons for its popularity. Also, eToro allows investors to trade cryptocurrencies, stocks, and other assets.
With the automated CopyTrader platform, you can copy top traders’ strategies in the market and increase your winning. Additionally, the platform supports multiple payment methods and has enhanced security protocols, including a 2-FA system.
Learn2Trade
Learn2Trade offers premium-quality services to investors of all experiences. Unlike many platforms, it provides service via a Telegram Channel. This platform supports various assets like cryptocurrency and forex.
What is unique about Learn2Trade is it provides 3 to 5 verified signals to traders. The advantage is you can start with the free version before advancing to premium. Another good thing about this automated system is that it supports more than 20 cryptocurrencies.
MetaTrader 5
MetaTrader5 or MT5 offers investors access to excellent classes using simple coding language. Also, the platform stands out with its back-testing feature. On this platform, you can trade various centralized shares and futures. Also, MT5 offers four execution modes, 46 unique analytical indicators, and a depth of market. The advantage of MT4 over MT5 is the latter use MetaQuotes Language 5 (MQL5).
cTrader
cTrader trading software was developed by spotware Systems. This software is tailored to deliver excellent services to investors interested in Electronic Communication Network (ECN). What makes cTrader a perfect choice is the wide range of charting capabilities. Also, it has trade execution that allows a synchronized execution. The key features of this platform include FIX API, pre-installed indicators, and server trailing stop capabilities.
ProRealTime
PropRealTime app provides investors looking for advanced technical analysis services. It is fully equipped with more than 100 indicators, multiple orders, an unlimited timeframe, and much more. Additionally, the platform is excellent for automated backtesting. Another unique feature of this site is it supports offline trading. The three ways you can automate ProRealTime is code, wizard, and ProRealTime Market.
Main Types of Automated CFD Trading Software
Automatic trading systems can be put into three main groups based on their function and features. The three main types are:
- Copy Trading: This system allows beginners to mimic approaches used by other professional traders. The advantage of these platforms is you get to make as much profit as the trader you are copying.
- Trading Robots: Bots are simply automated software for trading on your behalf. Trading bots are equipped with AI to help in narrowing down all factors to pick the best trade on the market.
- Signals: Signal-based systems analyze the market and alert a trader to either purchase or dispose of an asset. The main purpose of trade signals is to help investors cut off emotional buying or selling assets.
Conclusion
Getting reliable automated trading software can help to generate big profits, regardless of your experience. With the automated systems, investors are able to cut losses compared to when trading is done manually. Though the market is filled with numerous systems, the ones we have recommended offer the best services. The in-built features on these platforms ensure you enjoy hassle-free CFD trading profits from wherever you are.
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