This form of trading offers a unique solution for people who wish to trade and invest money with the aim of increasing their initial capital, however lack the time or experience to invest for themselves.
Great! And as far as I know, there are many advantages to copy trading, and as such it has earned its place amongst traders:
+ Allows first time traders to familiarize themselves with the financial markets and gain confidence to trade.
+ Enables the experienced traders to take part in the market even when they are too busy, and cannot invest the valuable time and research needed in order for them to trade.
+ Copy trading can be employed on various instruments, including forex trading pairs, stocks trading, commodities and much more
+ Creates a community of traders, beginners and experienced alike, who can exchange ideas, strategies and improve their trades together