How to Earn Money With Copy Trading? Explained by Traders Union

Copy trading has gained immense popularity as a means of earning passive income in recent years, particularly in the financial market. Novice investors can make as much as the experts by copying the trades of experienced traders through specialized platforms.

Traders Union explained the fundamentals of copy trading in Forex, including selecting a suitable platform and beginning to copy trades. It is important to note that investing always carries a risk, and one should carefully consider their options before making any financial decisions.

Comparing conventional trading with copy trading

Traders Union highlights the main differences between conventional trading and copy trading. Conventional trading involves active participation in executing trades, where the trader selects the asset to trade, analyzes the market, opens positions, and sets Stop Loss and Take Profit orders. This type of trading requires traders to dedicate their time, bear all risks, and reap the benefits.

On the other hand, copy trading involves replicating trades executed by professional traders using specialized platforms. This investment method emerged about a decade ago with the advent of online trading and social media technologies. Copy trading platforms unite managers and novice traders who act as subscribers and investors. Once subscribed, the trades the manager executes are automatically or semi-automatically copied to the investor’s account.

The advantages and disadvantages of copy trading

Traders Union discusses the advantages and disadvantages of copy trading in Forex.


  • Provides beginners an opportunity to earn as much as professionals without requiring special skills or experience.
  • Modern copy trading platforms are easy to use and multifunctional, allowing for flexible capital distribution and risk management criteria.
  • Offers the possibility to learn from experienced professionals by watching their actions.


  • The high profitability of managers in the past does not guarantee the same outcome in the future due to the unpredictable nature of financial markets.
  • Only a few strategies consistently show positive results regardless of market behavior.

Top copy trading platforms in 2023

Traders Union releases a list of the best copy trading platforms for 2023, which features brokers that provide Forex copy trading services on their own platforms or third-party platforms.


AvaTrade is a Forex and CFD broker established in 2006, providing trading services for various financial instruments, including currencies, commodities, indices, and cryptocurrencies. AvaTrade is regulated by several financial authorities, including the Central Bank of Ireland, the Financial Services Commission in the British Virgin Islands, and the Australian Securities and Investments Commission.


FXTM is a global online broker offering trading services for Forex, CFDs, stocks, and commodities, with various account types, trading platforms, and educational resources. FXTM is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).


RoboForex is an international Forex and CFD broker founded in 2009, offering a wide range of trading instruments, including cryptocurrencies, with multiple account types and trading platforms.


Naga is a social trading platform and financial network that offers a variety of trading instruments, copy trading, and investment opportunities, as well as features for social networking and communication.

IC Markets

IC Markets is an Australian-based Forex and CFD broker established in 2007, providing access to a wide range of financial instruments, multiple account types, and advanced trading platforms.


In conclusion, copy trading has become a popular way for novice traders to gain exposure to the Forex market and learn from experienced professionals. The platforms reviewed by Traders Union offer a variety of options for copy trading, including user-friendly interfaces, flexible capital distribution, and risk management criteria. For more information and guidance, visit the Traders Union website.