time to learn and create custom trading strategies or do extensive research. In this case, one becomes a mere copycat who repeats the trading behavior of experienced traders. In simpler terms, copy trading is discovering successful traders who have a stable trading history.
Meanwhile, many experienced traders also open accounts on copy trading platforms. They try to gain new experiences and maximize their returns in the market by referring to the performance of Master Traders. As an alternative, users may manually copy transactions after receiving trade notifications.
Benefits of Copy Trading
More than 30% of novice traders (with less than a year of experience) find the financial markets complicated.