Comprehensive Guide
Copy Trading
Automatically copy professional traders' trades - an honest guide to getting started right
What is Copy Trading?
Copy trading lets you automatically replicate other traders' trades. When they open a trade, the same trade opens in your account proportionally.
1
Choose Platform
Open account with broker supporting copy trading
2
Find Trader
Analyze historical performance and risk
3
Set Amount
Allocate the amount you want to copy
4
Monitor
Monitor performance and adjust as needed
Copy Trading Platforms
| Platform | Type | Min Copy | Traders | Rating |
|---|---|---|---|---|
| Exness Social Trading | Built-in | $200 | 15K+ | 4.6 |
| eToro CopyTrader | Built-in | $200 | 30M+ | 4.5 |
| ZuluTrade | Standalone | $100 | 100K+ | 4.2 |
| Myfxbook AutoTrade | Standalone | $100 | 50K+ | 4 |
| cTrader Copy | Built-in | $100 | 10K+ | 4.3 |
| MetaTrader Signals | Built-in | $50 | 8K+ | 4.1 |
How to Choose a Trader to Copy?
Long Track Record
Look for 12+ months of consistent performance
Maximum Drawdown
Avoid those exceeding 30% drawdown
Risk Management
Do they use stop losses?
Number of Copiers
Popularity may indicate trust
Pros
- Trade without prior experience
- Save time on analysis
- Diversify across multiple traders
- Learn from professionals
Cons
- No profit guarantee
- Additional costs (fees/commissions)
- You may copy losses too
- Execution delays possible
Common Mistakes
Copying only one trader
Ignoring maximum drawdown
Copying based on short-term results
Not setting a loss limit
Expecting unrealistic returns
💡 Tips for Success
Diversify across 3-5 different traders
Start with a small test amount
Monitor performance weekly
Set a maximum loss limit (e.g., 20%)
Don't expect fixed monthly profits
Understand trader's strategy before copying
Start by Learning First
Copy trading isn't a substitute for learning. Understand the basics to make better decisions.
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