What is copy trading & how does it work?

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.

What are the different types of copy trading platforms?

There are many different copy trading platforms available, for different kinds of markets. PrimeXBT is a crypto copy trading platforms that also offers stocks, forex and commodities trading, allowing crypto traders to explore other financial markets. Bybit is a centralized exchange (CEX) that recently launched their copy trading feature.

Who is the investor in copy trading?

The investor, or follower in copy trading is the person who is copying the trades of the signal provider. Without this copier, there is no copy trading. Though it may seem like a simple process of directly copying trades, it is very important to study and understand signal providers and strategies.

What is copy trading & mirror trading?

Around 2005, Copy trading and mirror trading developed from automated trading, also known as algorithmic trading. It was an automated trading system where traders were sharing their own trading history that others could follow. Tradency was one of the first to propose an autotrading system in 2005, called by them Mirror Trader.