what is Copy trading?
Copy-trading enables individuals in the financial markets to automatically copy positions opened and managed by other selected individuals. Unlike mirror trading, a method that allows traders to copy specific strategies, copy trading links a portion of the copying trader's funds to the account of the copied investor. Once a person decides the amount he wishes to invest, simply copy everything the other trader does, automatically in real-time when that trader makes a trade, your account will make that same trade as well.
Copy-trading creates an opportunity to leverage someone else’s investment knowledge and experience. Copy trading is largely passive. You’re leaving the hard work of choosing investments up to someone else. You can earn returns in your portfolio without having to invest hours researching the market. Diversification and risk management are also done for since the pro trader is the one directing investment decisions. One way to diversify your portfolio is to find copy traders that trade on different financial instruments. For example, one could copy a forex trader or a commodity trader.