Plain-language definitions of the terms behind copy trading and Candella. Start anywhere.
Copy trading is automatically mirroring another trader's trades into your own brokerage account, so when they buy or sell, the same order is placed for you.
A lead trader is the person whose trades are copied. When they place an order, it is broadcast to their followers' accounts.
Algorithmic trading is using a computer program to decide and place trades based on defined rules, instead of trading manually.
Automated trading is when orders are placed automatically by software rather than clicked by a person, subject to whatever limits you set.
SnapTrade is a brokerage-connectivity service that lets an app securely read a user's brokerage account and place orders in it, without the app ever holding the user's login or funds.
Non-custodial means the platform never holds your money. Your funds stay in your own brokerage account, and the platform can only place trades you permit, never withdraw or transfer.
A trade copier is software that replicates one account's trades into one or more other accounts automatically.
A verified track record is a trading history confirmed from the broker's own data, rather than self-reported screenshots or hypothetical results.
Slippage is the difference between the price you expected on a trade and the price you actually got filled at.
A multi-leg options trade combines two or more option contracts into a single strategy, such as a vertical spread, placed together as one position.
