The Copycats of Wall Street: Online copy trading makes easy money for novice traders

Online copy trading offers success to anyone within its reach. It gets even better with a trading copier that replicates the strategies of Noa Strijbos on eToro while Apple app store launches the appropriately named trading app Robinhood.

A study shows a $2.8 trillion worth of copy trading presence in the US with almost a quarter of US adults accessing the internet and trading online. Various trading platforms offer "copy trading" features where its most successful dealers are highlighted.

Some apps such as eToro allow investors to search copy models by country, performance and other variables. Even the professionals are taking advantage from this trading technology to get away from competition. While copy trading offers attractive amounts of profit, mobile technology attracts trading opportunity to everyone including those would-be investors with not enough knowledge of financial instruments. Despite the associated risk, mobile companies are eager to catch up with the glowing opportunities of mobile trading.

Robinhood mobile trading app is available in Apple's App Store, designed by Stanford University roommates Vladimir Tenev and Baiju Bhatt who got caught up in Occupy Wall Street Movement. They moved to New York five years ago building software systems for financial institutions. The two have expressed their Wall Street observation where trading for institutional customers cost less than a cent while the retailers bear as much as $10 fee per transaction. Their goal is to bring a zero-commission trade to the common people. It's a notch ahead compared to one of the pioneer trading apps.

eToro is one of the most prominent trading platforms online. It has been operating since 2006 and identifies itself as a social trading environment. It also takes pride from its copy trading feature as its website declares:

At eToro, the world's leading social investment network, you can tap into the wisdom of the crowds to help you make smarter investment decisions."

The volatility of the market, the internet and technology puts a lot of investments risks. Copy trading has promising yields but also bears a high demand for safety precautions based on personal and professional judgement.