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Understand what is copy trading and how to do?
- Location: India
Copy trading is a strategy where you replicate the trades of experienced traders, allowing you to benefit from their expertise without making all the decisions yourself. To get started, choose a reputable copy trading platform like Exclusive markets and other platforms to create and fund your account, and then select a trader whose strategy aligns with your investment goals and risk tolerance. After choosing a trader, set your copy trading parameters, such as how much capital to allocate and whether to copy all trades or only specific ones. Once your copy trading is active, monitor the performance to ensure it meets your expectations. You can adjust or stop copying if needed. Diversifying by copying multiple traders with different strategies can help manage risk. While its simplifies investing, staying informed about market trends will help you make better decisions.
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