How Copy Trading works.
- Choose a strategy and read its record. A serious record shows dates, closed positions, and drawdowns, not screenshots.
- Set your copy amount and risk settings. This decides how large each copied trade is for you.
- Trades copy automatically. When the strategy trades, your account follows. You do not place trades yourself or watch charts.
- Pause or stop whenever you choose. Trades already open stay in your account until they close.
Strategy provider or signal provider?
A signal provider sends trade ideas for you to place yourself. A strategy provider runs a live account, and its trades are copied into yours automatically. Copy Trading follows a strategy provider, which is why it works without trading experience. If a service calls itself one or the other, this mechanism is the difference that matters.
Copy trading, mirror trading, social trading.
Mirror trading follows a fixed rule set rather than a person's live account. Social trading adds a community feed around the same idea. Copy Trading follows one named strategy's live trades. The labels overlap and platforms use them loosely, so check the mechanism, not the name.
The question to ask first: who holds your money?
On platform-native services, your deposit sits inside the platform. On own-broker services, trades copy into a broker account you own, and the service never holds your money. Before you start with any service, ask three things: who holds the money, who can withdraw it, and what happens to open trades if you leave. There is a fuller comparison in Copy trading through your own broker vs platform copy trading.
Straight answers.
- Is Copy Trading the same as social trading?
- No. Social trading is built around a community feed and shared ideas. Copy Trading places another strategy's live trades in your account automatically. Some platforms offer both, so check which mechanism you are actually using.
- Do I need trading experience?
- No. The strategy provider places the trades. Your decisions are which strategy to copy, how much to copy, and when to pause or stop.
- Can I stop at any time?
- With Currents, yes. Pause keeps your setup without copying new trades, and stop turns copying off. Open trades stay in your broker account until you close them. Other services set their own rules, so check before you start.
Currents is a Copy Trading membership that works through your own broker account. If you want to see how a real record looks, start with the record of our gold strategy, Slipstream.
Copy Trading involves risk and can result in losses. Past performance is not a promise of future results.