Exploring Copy Trading

I am someone who believes in holding more than trading because I believe people who hold get better profitability as compared to trading. It's not just my belief but also I have experience in the past when I got way better returns on the investment that I had done a couple of years back. I am a long-term believer but I also believe that trading can be well provided we do it with proper strategy and research.

These days I am trying to explore copy trading which seems like a new service that can help traders get better returns. It is new but not too new that people are not aware of however I see some of the exchanges are now trying to add it in their portfolio. Maybe in the next few months or the years, it can be much more popular than now but yes very few exchanges are having it as of now.

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The concept of copy trading is to follow the trade from an expert who is good at obtaining better results in the market. Trading is something that everyone cannot do and doing it blindly is simply putting the money at risk. When we use copy trading it means we have the option to copy someone good at different sorts of trading in the market. If it gets well then the probability of profit is higher and risk is minimised.

Some exchanges are providing this service and there are certain charges to use it however before opting for it I am trying to understand how it works. I'm just exploring different aspects of it but it's not like I'm going to join it soon because I want to make sure that before I join I should know everything about it.

No, since I am in the research mode and will be taking some time to have a better understanding of it so expect to share more about this topic in future however I would love to have any thoughts about it that can help me get more insight into copy trading.

Thanks