It’s a trading strategy in which a user (a copy trader) copies or mimics the trades of a leading trader (lead trader).
In other words, you can go to a special platform, choose a successful lead trader based on their rating, and repeat their trades.
And many platforms allow you to automate this process.
The pros and cons of copy trading are quite obvious.
On the plus side, it’s easy to enter the world of trading, and there is no need to learn complex trading skills.
On the downside, however, no trader is successful 100% of the time, and of course, there are no guarantees of profitability.
