What is copy trading?
The short version, in plain English. Updated Oct 5 2026.
What is copy trading?
Your account automatically makes the same trades as a trader you choose, in the same share of the account, only smaller. When they buy, you buy; when they sell, you sell.
What is a copy trader?
Either the trader being copied, or the person copying. On MrCopyTrade, the traders are hand-checked wallets on Hyperliquid, and you are the copier.
Does copy trading work?
It can, but most copiers lose — usually because they pick a trader after one lucky month, or follow records that count deposits as profit. Long, clean records and fewer trades help.
What does it cost?
The exchange fee plus a small copy fee on each trade. A trader who trades all day costs you more; we favour traders who trade less.
What are the risks?
The trader can lose, and you lose the same share. A copy arrives a few seconds late, so prices can be a little worse. Set a maximum loss before you start.
How much money do I need?
Around $1,000 works well for most of our traders; each trader page shows the smallest copy that works.
Can I use copy trading as a hedge?
Yes — copying a few short sellers with a small part of your money can soften a falling market if you mostly hold coins. See Copy trading as insurance.
Which exchange?
Hyperliquid today, where every account is public, so records can be checked. More exchanges later.