Trading novices can benefit from mirroring the trades of more seasoned investors by “copying” their trades.
Copy trading allows you to reap a number of benefits, including gaining access to the trading tactics and information of more experienced traders, boosting your confidence, and reducing the amount of time you spend trading.
Here, we’ll provide you with a high-level overview of what “copy trading” is and how it may help you. If you’re just starting out in the trading world and don’t have a lot of time to devote to researching the markets and formulating your own trading strategy, copy trading may be for you.
On the other hand, seasoned traders looking to broaden their trading may find copy trading to be an attractive option. [Read more…]