What is crypto copy trading?

Could you elaborate on the concept of crypto copy trading? Is it a strategy where investors replicate the trading actions of experienced traders in the cryptocurrency market? How does it work in practice? Does it involve the use of automated trading systems or software? What are the potential benefits and risks associated with crypto copy trading? Additionally, how does one select a reputable trader to copy and what are the essential factors to consider? Lastly, are there any legal or regulatory considerations to be aware of in engaging in crypto copy trading?