Copy trading is a popular method of trading where traders can copy the trades and strategies of experienced and successful traders. In copy trading, a trader can replicate the trades of another trader in real-time, which means that the same trades will be automatically executed on the trader’s account. This allows inexperienced traders to benefit from the knowledge and expertise of experienced traders, without having to make trading decisions on their own.
Copy trading is available on various trading platforms, and it enables traders to diversify their portfolio by following multiple successful traders simultaneously. Additionally, copy trading can save time and effort for traders who do not have the knowledge or time to analyze the markets themselves.