Copy trading is a practice in financial markets where one trader copies the trades of another trader, referred to as the "signal provider." Essentially, the trader copying will automatically open and close positions in their account based on the trading activity of the signal provider.
Copy trading platforms typically provide a range of tools and features to help traders find and select other traders to copy and manage the copied trades. These can include performance metrics, risk management tools, and the ability to limit the amount of capital used for copying trades. While copy trading can be a valuable tool for traders looking to benefit from the expertise of others, it's essential to do thorough research and due diligence before selecting a trader to copy.
Click here for Titan FX Social, Titan FX's copy trading app.