Copy trading, also known as social trading or mirror trading, is a popular investment strategy where traders can replicate the trades of experienced and successful investors. By automatically copying the trades of a chosen expert, novice traders or those with limited time can benefit from the expertise of seasoned professionals. This method allows individuals to diversify their portfolios and potentially enhance their returns without the need to continuously monitor the markets or possess in-depth trading knowledge.
Copy trading platforms typically provide a range of tools and metrics to help users select the best traders to follow, ensuring transparency and informed decision-making. This approach democratizes access to sophisticated trading strategies and has become increasingly popular among retail investors seeking to optimize their trading performance.
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