What is CopyTrading In FOREX?

Copytrading in forex is a strategy where traders replicate the trades of more experienced or successful traders. Instead of making independent trading decisions, a copytrader automatically copies the positions, strategies, and risk management techniques of a selected expert or signal provider.

Here’s how it generally works:

Selecting a Trader to Copy: The copytrader reviews profiles of experienced traders on a platform and chooses one (or more) to follow. This trader’s trades are copied in real-time.

Automatic Copying: 

Once the trader is selected, every trade they open or close is mirrored in the copytrader’s account proportionally to the amount of money they’ve committed.

Risk Management: 

 platforms usually allow the user to set risk parameters, such as how much of their capital to allocate to the copied trader, and to stop copying if losses exceed a certain level.

This method is appealing to beginners or those who don't have the time or expertise to actively trade but want to benefit from the strategies of seasoned traders. 

However, it also involves risks, as the success of copytrading depends entirely on the performance of the trader being copied.