Navigating the financial markets can be overwhelming, but what if you could shortcut your way to better trading by following the moves of seasoned pros? That’s where copy trading comes in!

If you're looking to refine your trading strategy and tap into the expertise of others, copy trading might be just the tool you need. Let’s break it down.

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What is copy trading?

Copy trading (also called social trading or mirror trading) allows you to automatically replicate the trades of experienced traders. Think of it as following a financial mentor—except their trades are mirrored in real-time in your own account.

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Analogy: Learning from the masters

Imagine an aspiring artist studying a renowned painter’s techniques. By observing and replicating their brush strokes, color choices, and composition, the student gradually develops their own artistic flair. Copy trading works the same way: by tracking skilled traders, you gain hands-on market experience while refining your own approach.

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How does copy trading work?

It’s surprisingly simple! Here’s how you can get started:

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Copy trading with Deriv cTrader

Getting started with Deriv cTrader is easy:

Step 1: Set up your account

• Sign up on Deriv and verify your account.
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• Open a Deriv cTrader account.
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• Navigate to the cTrader Copy section from the main menu.

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Step 2: Find a strategy provider

• Browse through expert traders.
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• Use filters like performance, risk level, and trading style.

Step 3: Start copying

• Allocate funds and start mirroring trades.
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• Adjust settings or stop copying anytime.

Benefits of copy trading

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Best practices for beginners

• Pick reputable traders – Research their success rate and risk tolerance.
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• Diversify – Don’t put all your funds into one trader.
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• Set risk limits – Use stop-loss settings to manage potential losses.
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• Monitor performance – Keep track of your copied trades and adjust as needed.

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Potential risks of copy trading

While copy trading offers great advantages, it’s not without risks:

• Even experts make mistakes – No trader wins 100% of the time.
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• Less control – You rely on someone else’s strategy.
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• Market volatility – Unpredictable swings can still impact trades.
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• Platform reliability – Technical issues can affect trade execution.

To mitigate these risks, always research your chosen traders, diversify your funds, and set proper risk management rules.

Is copy trading worth it?

Copy trading is a powerful tool, but it works best when paired with your own research and risk management strategies. With the right approach, it can be an excellent way to grow your trading skills while making informed financial moves.

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Ready to explore copy trading? 

Open a Deriv cTrader demo account and practice with $10,000 virtual funds-risk-free!

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