Woo X, a leading coding trading platform, has announced a experimental version, a new feature of paper trading that allows traders to explore copy trading in a risk -free simulation environment, according to joint reports with Finbold on Tuesday 11 March.
Using the new tool, users can test the strategies used by the most experienced traders and gain confidence in their commercial skills before adhering to the platform.
Trading encryption version
Although copy trading is usually a welcome feature in most exchanges, it is not without its problems, especially given that the gains are never guaranteed, even when traders are carried out by the veterans of the market.
The new Woo X experimental version feature is to treat some problems by allowing users to practice copying in a simulation environment, similar to how experimental accounts allow users to try to practice investment without committing real funds.
That is, with the experimental version, users can simulate trading by copying the strategies of adult traders without using real money.
The performance of each trade can be tracked, based on the main standards such as the return on investment (ROI), profit and loss (PNL), from an interactive information panel.
During exercise, users can compare different strategies to determine the best performance of artists, the least successful subscription, and move to actual copy trading as soon as you gain an insight into the encryption market.
Equipment adoption leadership
According to Ben Yorke, the Woo X ecosystem encourages the experimental version to adopt the encryption by reducing entry barriers and making trading easier:
Woo X has the same promise to analyze the effect of the experimental version on the dependence of real transcription trading to ensure continuous improvements on the statute.
As such, experimental copies depend on the advantages of social trade already established by Woo X-such as anti-trade, which allow strategic hedging against major traders-and a fair profit sharing form, which ensures profit sharing only when traders are in profit.
In addition, improved risk management tools, such as Woo Shield and isolated portfolios, emphasize the platform’s commitment to innovation and risk management.
