What is copy-trade?

Copy-trading is a popular method used in the trading world that allows traders to automatically replicate the trades of experienced and successful traders. Essentially, copy-trading follows the idea that traders can profit from copying the trades of professional traders with a proven track record, who are often referred to as signal providers.

There are several benefits to copy-trading, including the ability to learn from successful traders, diversify your portfolio, and save time on researching and analyzing market trends. Additionally, copy-trading can be a lucrative opportunity for novice traders who may not yet have the expertise or experience required to make profitable trades on their own.

Copy-trading is typically facilitated through trading platforms that allow traders to connect with and follow signal providers. Once connected, traders can automatically copy the trades of signal providers in real-time, make adjustments, or stop copying altogether at any time. However, it's crucial to note that while copy-trading can be a useful tool, it carries risks, including potential losses and the possibility of trading strategies that may not align with your goals or risk tolerance.