Copy trading enables successful traders (signal providers) to share their trading signals with less experienced traders (subscribers). Subscribers can thus automatically copy each trade that the signal provider makes thereby making the subscriber realise higher earnings. The signal provider gets a commission from all his subscribers and so get to earn more.
- A Signal Provider is the trader that others are copying.
- Make your signal accessible to less advanced traders so that they can replicate your trade.
- Earn extra profit from the commissions your receive from your subscribers profits.
- A Subscriber is the trader who is copying trades.
- Suitable for traders who are still just starting as it enables them to start earning profits.
- Also helps intermediate level traders to learn new strategies.