Knowledge Basics

What is Copy trading in Forex | The Detailed Guide

Introduction

A woman and a man using copy trading via their phone.A woman and a man using copy trading via their phone.

The Evolution of Copy Trading

Historical Context

The concept of copy trading was developed from mirror investing, which began in the early 2000s. Mirror trading made it possible for investors to emulate specific trading strategies. By the end of 2000s, we saw how copy trading became the advanced form of its predecessor.

Technological Advancements

We can attribute the growth of copy trading to enhancements in social networking. Moreover, we can also credit the availability of platforms for online investing as well. This helps traders effectively share their strategies, allowing followers to automatically replicate these investments.

Benefits of Copy Trading in Forex

Best Practices for Copy Trading

Also Read : How To Do Forex Trading in India?

Conclusion

Prince

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