How to Start Copy Trading with Zerodha Step by Step Process

Copy trading has become one of the popular trading methods in India. Instead of spending hours of their time taking the market analysis into account, now beginners can copy the strategies of proficient traders without any hassle by using copy trading features introduced by brokers. If you are a Zerodha user, you are in luck, as you can create copy trading on Zerodha using advanced features like API Bridge, Master-Child Auto Copy and Combiz Services Copy Trading Software.

Here's a simple step-by-step guide to help you get started.

Step 1: Know what copy trading means.

Before you can start, it's important you know the basics about what you are doing. Copy trading means you will automatically copy professional traders' trades directly in your Zerodha account and vice versa. This means that whenever the expert buys or sells, you will also buy or sell effortlessly in your Zerodha account. 

Step 2: Open a Zerodha Account.

If you haven't opened a Zerodha Demat and trading account, you are going to need to open one. Zerodha is one of the most trusted brokers in India, with reliable speed, low broking fees, and tools to make copy trading work.

Step 3: Select a Reputable Copy Trading Software

Zerodha will not offer direct copy trading within the Kite app. To get that, you will need to connect your Zerodha account to copy trading software like the one from Combiz Services Pvt Ltd. Their Auto Copy Account Master-Child system ensures that trades made in the master account will instantly and accurately copy trades from master accounts in child accounts.

Step 4: Connect via API Bridge

The way you connect your Zerodha account and copy trading software is via an API bridge. The bridge will ensure that:

• Order placements are automated.
• Management of multiple accounts simultaneously.
• Zero manual intervention.

With your API Bridge integrated, you will be able to link your Zerodha account to expert traders and their strategies built on TradingView, Amibroker, MT4 or MT5.

ripping. Where to invest if you are a copy trader

Step 5: Find a Good Trader/Strategy

Not all strategies work for everyone. Therefore, make sure you choose a trader who has:

• A consistent record of profits
• Risk Management
• Trading style aligned with your goals

This step is very important, as your profits will depend on how good of a trader you copied.

Step 6: Set Up Risk Management

Although copy trading will take out some of the effort associated with trading, it is not guaranteed to remove all risk. Remember that it is important to use all available methods to manage your risk. Configure your lot size settings, stop-loss orders and position limits, as appropriate, to prevent any overexposure of your capital.Copy trading software from Combiz Services allows you to customise the software, which allows for improved safety for newer traders.

Step 7: Copy Trading Begins, Monitoring Progress

Once your system is set up, you will begin to see that your account will copy in real time. While you will not need to dashboard on your trades for ongoing success, it is a good idea to periodically monitor your progress and check your performance. Be sure to monitor your profits or losses, and do your best to make any adjustments needed as a result.

Advantages of Copy Trading with Zerodha

• Saving Time: You will not have to search the market for relevant trades.
• Easy for Beginners: You will learn by following expert traders.
• Automatic: Via the API bridge, all orders will occur on autopilot.
• Scalable: You will be able to handle multiple accounts without problems. It will be as easy as using the Master-Child Auto Copy.
• Backed: Zerodha offers a trusted service combined with copied 'tools' to allow for seamless trading.

Final Thoughts

Beginning copy trading on Zerodha is one of the best options for both the beginner trader and busy trader in India. This can happen by simply integrating the Copy Trading Software developed by Combiz Services Pvt Ltd with Zerodha and enjoying the benefits of copying the strategies of expert traders, saving time and building your confidence to trade.

At the end of the day, your success will depend on selecting the right trader and managing your risk properly. Copy trading is not just about copying other traders; it’s about learning and developing your own trading while diminishing the time, energy and mental effort.

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