Social trading, or copy trading, is considered one of the most widely adopted technologies and working systems in the financial market within a short period. It enables traders to share work tactics and trading strategies among themselves, allowing the replication of trades made by a professional on their platform through your own trading account.  

For novice traders who are still in the learning phase of successful trading strategies, copying trades from experts and professionals serves as a way to explore new market analysis methods. Through copy trading, instant communication with tens and hundreds of traders worldwide is possible, regardless of their location, to obtain the best suggestions for optimal trading. In many cases, it is considered an efficient shortcut to success, requiring less effort in analysis and monitoring.

Becoming an expert trader requires going through numerous experiences over a considerable period. The possibility of failure is very real if the investor is not armed with tools and techniques that aid success, a task that is not simple. The experts being followed in copy trading may have extensive experience in the field, along with access to advanced tools, software, and technologies that may not be available to everyone. They could either be individuals with profound expertise or represent specialized companies providing such services.

Through the expert’s trading strategy, one can diversify income sources and distribute risk percentages according to the different financial instruments being traded.