What is Copy Trading?
What is Copy Trading? Copy trading has emerged as an accessible, beginner-friendly strategy in financial markets, especially in the realms of forex and cryptocurrency trading. This strategy allows investors to “copy” the trading actions of experienced traders, enabling them to benefit from their expertise without needing to possess advanced market knowledge. Here, we’ll explore what copy trading is, how it works, and its pros and cons, helping you decide if it’s the right approach for you. What is Copy Trading? Copy trading is a form of investment that lets one investor replicate the trades of another. In essence, you choose an experienced trader and mirror their trading decisions in your account. When the chosen trader buys or sells an asset, your account performs the same action automatically and in real-time. It’s a passive strategy that has gained popularity for its simplicity and accessibility. How Does Copy Trading Work? Most copy trading platforms connect investors w...