Yes, copy trading is legal in the U.S. provided that your broker is properly regulated by either the Commodity Futures Trading Commission (CFTC) in the case of forex; or the Securities and Exchange Commission (SEC) for stocks.
Read moreHow much do copy traders make?
A realistic expectation is to get 5% to 20% annual returns from copy trading. Beware that this is a good return and requires a good understanding of this market. The returns depend on the capital you invest.
Read moreIs copy trading good for beginners?
Put simply, copy trading allows you to mimic the investment strategies of a more experienced investor. Ideal for beginners but just as beneficial to experts, copy trading makes perfect sense for anyone who wants to make money in the stock market without needing the requisite time or knowledge to invest themselves.
Read moreHow do I copy a trade in gate io?
Log in to your Gate.io account on app and click “Copy Trading” on the homepage . (2) On the “Copy Trading” page, you can see a selection of strategies in strategy ranking. Select your preferred one and click “Free replication”. Or else, you can enter the strategy creation page by clicking “I want to follow”.
Read moreAre copy trades profitable?
Is copy trading profitable? Copy trading can result in high profits if the trader finds a successful trader to copy . However, the greatest risk a trader will face when copy trading is market risk. If the strategy a trader is copying is unsuccessful, they can lose money.
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