#FollowTheLeadTrader Copy trading is a method that allows less experienced traders to copy the positions of their more experienced peers.
The tactic is considered by many to be a relatively simple way for growing traders to gain exposure to sophisticated crypto trading strategies.
However, it’s important to remember that crypto trading always carries some element of risk, and copy trading is no different. Doing your own research before jumping into copy trading is essential.
It takes time to understand how copy trading works, the fees involved, and the potential gains to be made.
But most important of all, you’ll need to decide who is the right trader — known as the lead trader — to copy, based on your personal strategy and risk appetite.