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As the name implies, copy trading assumes imitating functions commenced by another trader, ordinarily one who is acknowledged as an expert trader. With copy trading, any trade that experts do is mimicked to the user’s account. The sum of usury is based on two multipliers: The amount deposited by the copy trader and the utmost investment percentage approved by the platform. Sites that authorize copy trading are broadly used in many forex and stock markets, together with Darwinex, Zulu, and eToro.

Several workable aspects of copy trading highlighted below-

• Whereas copy trading mirrors the trading strategies of skilled traders, novice traders will be able to abate business presumption by relying on the wisdom of effectual businesses already in the digital asset space.

• Learning how to trade is not facile and can be time consuming. If a person has immensely taut schedule, it can be implausible for them to find business hours. Copy trading helps novice traders perceive the ropes of trading more effortlessly.

• As a result of the risk alleviation in crypto trading, new users can accept amenities of it. Afterwards the Bitcoin skyward trajectory in early 2017, people realized that it was probable to avail from digital assets. Copy trading rehashes it easier to do this while giving conviction to the industry.

These are two major advantages of copy trading. You can copy and make money from the system while you still learn how to trade for those who have the zeal to learn because at times you see copy traders being tired to learn as they see money from the trade.

an example of a copy-trading platform https://trading.wunderbit.co/en

Only problem I have with copy trading is the fact that when you are doing something like this, you are not really sure why you are doing it. I am not against following other great traders and doing what they do, as long as I know why they do what they do, if I have no idea why they are doing something and I am just blindly following them that could hurt me and my portfolio.

This is why I am fine with copy trading as long as each move has an explanation box where the great trader explains why they are doing this move, after that I could just try to copy it if I want to, or if I find it not a great reason I could just ignore it. Obviously this doesn't exists just yet, we only have copying others but we could potentially have something like this one day that would help me get involved with it as well.

I may not fully disagree that copy trading is not good, but knowing that ignorance can lead to failure, traders should first learn about trading before starting to trade, traders should be disciplined and followimg the trading rules, traders should have good trading mindsets. After learning trading, then trader can try to analyse coins and market. He will be able to know the right step to take, either to make his own trade or be cooying others. As for me,  I can no copy trade, I analyse the the market myself and make my own trades, this may not be good for beginners but it is the best for experts.

That would really be a good add up but as said it isnt really available at the moment. Copy trading isnt really that bad but it do make people too lazy on doing up their assignments.Its quite understandable on why other
platforms do allow this one and also to those top traders who are willing to take that spot due to commissions just like on what we saw on eToro.

Why would consider it bad if you are really that earning? On total process then gains will be the outmost important and it doesnt matter on how you do able to gain it neither you do
just follow others or just on your hardwork.It is just part of our assignment to learn up something while on the way because it wont really be like forever that you would be tailing
on someone.

It would be worth that you do know on the trades that you've been following because once you do become an independent trader then you do already have the idea on how to deal up with the
market, not just on keeping on tailing ending up without any learnings at all.

Why discipline when it comes to copying? If you have money and want to start trading by repeating all the same things that an experienced trader does, then why should you learn at all?
Indeed, in this case, your training will interfere with you, since your incomplete knowledge will periodically prevent you from restraining yourself from ill-considered actions.
If you trust an experienced trader - copy, but be prepared for the fact that even experienced traders suffer losses.

As I was reading what op is talking about I felt OP is saying the same thing as forex signals, correct me if I'm wrong.
Basically, going into trading consumes a lot of time and energy before one can be an expert in trading, so simply copying or waiting, subscribing for trade signals is not a bad idea, as for me I prefer copying trades because I'm not perfect in analysing markets for myself rather looking from professional grows my portfolio.

Take note of the cost. I don't know the current rate but in 2018, if I remembered correctly, the copy trade feature of EToro is worth around $5,000.

And still risky as you won't see your preferred trader's full profile until you subscribed. You will just see their winning percentage.

I just don't know if there are changes today. But still, don't be deceived by the advantage of copy-trading such as convenience and sure profits that you will see in some advertisements (like Steve and Dave :D)

Copy trading is for lazy traders. It is hard to generalize about copy trading but you can win or lose, it depends.

On:
- Your decisions to turn off your bots: a good script can win most of time but at a time when it fails you can lose all your money, lose capital and lose paper profit you earn before that fail.
- Your plan to stop when you get enough profit: 50% profit from capital.
- Your plan to split the profit for copy tradings and retrieve capital just for safety.

I heard many friends told me that they got big profits from bots, copy tradings but they were greed, did not stop and lose all when market crashes.

I do not see any advantages by copying a trade from somebody else . Every trader should have his own strategy . Even if you lose a trade at least you did it on your own beard

Not a good strategy.

May sound good as it is because of the advertisements that you may see as you browse but, it isn't.

One can try copy trading but it's you that shall take decisions with your trade. Search for questions about copy trading on etoro and see how many profited from it.

The unpleasant thing about copy trade is that we don't know how much capital the traders we follow have, the amount of capital will greatly affect the next steps, for example, the price drops and the traders that we copy about they do have large capital and choose to continue to buy at lower prices while we have small capital can only wait for the price to up again, this is what I experienced when I do copy trades in 1 week lost about $200, even doing copy trade we still need skill to analysis the chart.

Smart trading app that allows you to automatically copy the conditions of other more experienced traders. When trading in financial markets invest your capital. This app is perfect for beginners or more experienced traders. Created by an award-winning broker the product allows hundreds of trade leaders to browse statistics, view their success history and results and automatically copy their trades. You can pause trading activities whenever you want whatever your risk-taking ability Copy Trading is designed with that in mind.

Personally, I don't like copy because copy trading is more of a loss than a profit, trading is based on perception and dexterity and you can't do anything good without someone's help. When you try to trade someone's signal or exactly you may think you are making a profit in the first place but you will be disappointed later when you make a loss.

I Never used any copy trading services...

But , if the service let you copy a strategy of a trader that has $100k daily trading volume , while you are only trading $1k daily in volume, then of course this is a huge glitch, things won't work.
But if there's a copy trading services that allows you to match your trading volume , then why not to give it a try?
The question is .. will it still worth?

Hi my friend
due to your subject about cloning a trade from another person or trader can give you some benefits or disadvantage on some part.
you may be a victim for a big rise or fall, since we have lots of volatility and price movements on the market, we cannot trust an individual without checking the strategy and previous results. if you have any trustworthy trader whom you know and work with, share here and help all of your bitcointalk friends.

feasible or not depending on the accuracy of choosing the right master, unfortunately the master trade that I follow is not quite worthy of being called as a master.

Actually it's better to have your own strategy in the trading of cryptocurrency. By doing that you won't have any option to blame other by your mistake. So you can easily learn of trading with your own mistakes.If you get profit from your tactics, it give you separate pride. You should do the trading continuous to get deep knowledge about trading.

Sometimes copy other trader is not too bad than to help you not to make the mistakes some of them made in their own time. Many trader that is growing higher in their business,experience a lot of things during their trading which they don't want others trader to experience such loss in their trade that make them to advise others to follow their steps to make their trade success
Copy the right thing from the trader will help you to go along way in business and also make you to  grow fast in profit making in the market. If you copy from the real trader that are professional in trading with a good result from their trade show you will soon be where they are in the business.

You should be very careful using copy trader functionality and try to get as much history as possible about the person you are following. You also have to bare in mind that the platforms have great incentive to look like there are successful traders, because it draws in more money and at the end of the day - the control everything that you see one the platform. Very few of these platforms ever get any sort of external and independent auditing. Remember that statistics can be misrepresented, it is possible someone just had a good couple months: Now a Covid vaccine has just been announced, the whole stock market has shot up so it may give a very distorted view on all returns for the next year and it doesn't necessarily mean you are copying someone with exceptional skills.

I'm not really familiar with copy trading but it looks pretty helpful especially for the newbies. What could be the cons of it for using beside from the newbies wasn't able to get real trading experience from copy trading.

If there were something like explanation I would get involved too. Copy trading has been a thing for a while now but unfortunately since the start of it, there hasn't been any improvements on the system so far in anywhere.

Even in the most known places and even on the most visited websites, copy trading was created and stayed that way since the start, that is why I think it is highly important that these type of places start adding new features and changing some stuff, as long as they stay as the same place, I doubt they could get a lot more customers, they are going to stay at the same numbers for a long time and even lose some customers to other stuff that is not copy trading. Hence I think explanation would be a great deal, anything else they could add would be improvement as well.

No fellow bitcoiner, it is a gimmick. Let me explain it.

You are copy trading when you are simply following a bigger trader and copy pasting their trades in your orders. The may seem like a nice way to make profit but honestly, if it was so possible would the copy traders not have become millionaires themselves in the first place? Think about it, its not to. You understand the similarity of the confidence trick done with ponzi schemes here?

Majority of people talking about copy trading are scammers looking for money. They tell you that they are selling you the lists from bigger traders but it is complete lie. Orderbooks are open true, but orders made by whom are never open to others.

It ends up being a pump and dump and you are dragged into buying shitcoins while the bigger whale who told you to buy it, sells.

I don't know about copy trading because I don't try it before. I only think that if you can find a good trader who you can copy his trade, I think you can make a profit, but if it's not, you will not make a profit. I am sure many traders share their trade with the public and attract people to copy their trade. Still, it needs more knowledge to find that good trader to help us to make a profit.

But you should manage your money that will be used for copy trading, and don't use too big money if you are not sure. That will be a mistake if you just copy trade from a trader without searching for how good his trade because that can lead you to lose your money.

I feel like if you could make a social media type of exchange website with copy trading and traders who are listed constantly by their earnings and followers and likes and dislikes and subscribers and many stuff like that, just like regular social media such as instagram or twitter but also add crypto exchange features such as binance or kucoin and also have copy trading involved, you could actually have something very good.

People would be talking and chatting and basically enjoying crypto purely on social media part if they want to, people could trade however they want without caring about others just like they do in binance, but there will be copy trading feature that combines these two things together if they want to use. Do not make it one way or another, make it anyway people want to use.

However, spending money to follow other people suggestion is bad in any field. You can't stand by yourself and you didn't know to resolve your problem especially when you are in a loss situation. Trading really requires your skills, especially you have to make a decision as quickly as possible. And I guess, all people can do that as long as he is diligent to find more information and the knowledge about it.

Also, I have several times to try copy trading in an exchange, but I'm not satisfied when I got profit because I earn money in other people's ways and when I got loss I just angry to the trader that I follow. It really different when I trade by my strategy and my analyst. I'll happy when I got profit because it can improve my confident to the strategy that I make and I'll make more evaluation when I got loss to avoid it in the next trade.

In the positive side of it yes it's a good way for those newbies to simply copy someones porfolio and wait for the results, chances that it will be beneficial if those copied trading position materialized, in the otherside, possible also that those position can easily manipulated that only cause those newbies to lose their investment, it's always better to learn it by yourself and work with your money instead of doing this.

If you are going to make trading your main occupation, in any case, you need to understand the market and acquire new knowledge, including learning from your mistakes. Just copying will not lead to the desired results, this is my opinion.

If you're intentions are that you'll only rely i this signal providers until you have been able to stand and start working in your own trading strategy then it'll be understandable by me but if you basically just want to wait in other to predict the market for you then you follow, you're definitely doing it wrong.

The professional traders we have today all stater as a novice and if they were to rely on others probably they won't be called the bests today. They earned that with their own strategy, from mistakes upon mistakes until they were able to perfect their skils.

Copy trading makes you lazy, it makes you lose focus and get distracted with the pump and dump shit you're been fooled with as must signals providers don't analyze the market but just make picks based on what they fav.

Copy trading can do have both good and bad effects for a trader. Good effect is for the inexperienced trader to still be able to do trading even without experience and prior with such thing can still make him profitable on the field of trading. The bad side is that copy trading can also lead a trader to be ignorant and become reliant into other traders strategy and will not be able to do trading on his own way. Which such dependency on copy trading, you are still putting yourself into the risk for you certainly not sure if the ones you are copy trading can lead into success or failure. Nothing is wrong in copy trading. It is just that you as a trader must learn to still do trading on your own without being reliant into anyone or anything.

Copy trading can benefited you where you can get passive income even if you have work or if you have busy schedules. It is better to make investment that to save your money in banks and it is the reason why I suggest some of my relatives to just do copy trading if they do not have time to study trading. There are two bad sides that I saw, first is the profitability of copy trading; not all of copy trading are profitable so make sure that if you will do copy trading, you will copy those professional traders out there that can give you high returns. There are instances that the copier is experiencing losses because he copied a trader that is not profitable in the market. The 2nd is you cannot gain experience because you are just the copier and you are not the one who are executing the trade.

I have never done that practice, although the idea of ​​copying sounds very good, if you make a profit it is something spectacular, but I value much more if I win due to my own trading decisions, because if I lose I simply take my loss and learn from it, and If I win I learn why I won, I think that by learning the chances of continuing to be successful increase.

Experienced will allow you to enhance more, I see this kind of feature from the net where you can copy traders positions, you can simply choose

whoever trader that you think got a good winning experienced, after you deposit your money all you have to do is to copy the trader portfolios

and wait, the platform will allow you to monitor the movement if the trader got a good run then you'll be compensated.

Not very familiar but just seen from YouTube ads, E-toro i think.

Well it's easy to talk about copying good trades, but where to find good traders with high profit rate willing to share their trades? It's sounds perfect, you don't need to think about anything, to do anything, you just copy/paste trade and profit comes... like in some beautiful dream!
I didn't have luck to find a good trader who is willing to give me  to copy/paste trades from him, I do it in my own way! But I am open for that possibility, that's for sure!

There is one popular platform that offer copy trading services, which is etoro. But don't know if they are really worth paying for. No experience from any copy trading services as I do my own trades. Finding a good one that suit your needs will really be a challenge. So why not enhance your skills in trading instead? In this way, you don't have to chase anyone and it will be yours forever.

Copy trading is fine on highly liquid and large market cap assets.

When cap and/or liquidity is low, it can turn into some pump and dump schemes where pro traders use followers as a leverage for quick profit.
Some platforms as etoro only trade large cap assets which acknowledge for this risk by default.

That's one kind of copy trading.

But that won't teach the individual trader to grow in this market if he's just going with the group that he joined. Pump and dump groups are tricky, they will make you profit and look that you really are.

For long term aspect then it is really worth if you do learn for yourself and not to rely with bots because you wont really be that independent if you do
keep on copying others calls and tips.. Some people do really rely with this copy trading because they do love that have an easy life and easy profits.
Yes, they can earn money on passive but once these traders stopped on letting people follow then what would you do? Also
not all calls and tips are that precise or profitable no matter how good the trader is you cant really make out some guarantees.

Even though the copy trading can give you huge returns for me it is still not good to do it. I have an account in Etoro and I tried it once but not in real portfolio and only in virtual portfolio. So, for those who do not know what features of it, Etoro have a features of having 2 portfolio the 1st is real and the 2nd is for virtual so basically the 2nd is just a practice portfolio where you can do anything without worrying because the money there is just for practice trading. The only good thing in copy trading is you can see the portfolios of other trader where you can study why did they buy because in copy trading the time of buy and sell are also indicated where the copiers can also see it. The bad thing is it makes you a trader without having self-conviction wherein you are just becoming dependent in the trader who you keep copying.

Understandable that you are trying to push out your propaganda because you earn from it, but that is not completely correct. After being in the market for several years one which is unregulated and always under the vigilance of bigger authorities and scammers, manipulators, I can safely say that doing so can make you rich or poor at the same time.

The term "pro traders" is a misnomer and one that is rampantly used in the forum like they are real pros, they are not, but only self-proclaimed ones. Majority of the users who are making money are not directly trading but only marketing scams/gimmicks to newbies who are gullible enough to fall for it.

In short, like I said above, copy trading is a scam and if you dont believe it, dont. See it yourself and you will find out on your own. No need to trust my words for it. ::)

I use Etoro since 2017, In this years, there few Traders that has performed "good year" all years.

I recommend, if you wan to copy trade, to start to invest in the copy portfolios on Etoro, there are similar to Investment Funds, where you buy a Stock that is created from too many other stocks.

They have a Crypto copy portfolio, and there are some traders specialized in cryptos.

Etoro can be a good platform to start.

Best regards,

NMBT

Well, Etoro is one I know in terms of copy trading because they have a lot of advertisements right here on different social media sites. I haven't tried this copy trading because I don't want, the reason is I want to learn on my own I don't want to become dependent on other people, you can't blame them if you lose your investment or position it's better to become skilled in trading at this time you can now easily manage the possible profit you want.

Always become independent person.

IIRC, most of the people that have shared their thoughts and experiences about copy trading, many of them told that it's not worth it.

It is the reason why you only trust yourself if it comes to managing your investments and trades.

^The "real pro traders" is probably about people who have convinced others that they are pro traders and not pro traders themselves. Remember real pro traders are already making enough money from trading that they do not need you to follow them, in fact they probably would rather be left alone and not get followed.

However the people who do trades and convinces hundreds of people that they are great traders do exist in the world, and those people could do pump and dumps with the followings they have, they could purchase a coin, then tell hundreds of people they convinced to buy that same coin, everyone will jump and in buy and make the price go up, they could sell and get out, tell their followers to get out and even some followers may profit during that period as well. These are not pro traders but people who convinced others that they are pro traders.

Im not a believer of copy trading, i cant afford to lose without my real discernment. The truth is, copy trading is made not because the platform believe that it is in favor of the user, trading platform is a bussiness and there is no way this programs do not help the system to grow and develop more profit. Copy trading is not the best option, study the trend and decide on your own.

I'm very skeptical about copy trading as well. I've lost trades many times and I can't remember hitting big since 2018. All I want is to earn big every week but who should I copy and for a pro trader, would he want someone leeching over his trading activity and making money just copying him?

I wouldn't expect a yes to that question. I haven't heard someone really earning big with copy trading. Did Baldwin really do rely on it?

I think each investor should have their own strategy in the crypto market, copying other people's trades carries a lot of risks. When you copy someone else's transaction you are putting your money in the hands of a stranger and not knowing if they are trustworthy.

Which exchange are you using then? Because every exchange has their own ways that they work. One thing I know for sure that most of the platforms I know will always display the portfolio of those you’re about to copy and show you their past trades so you can decide for yourself whether to copy or not.

Basically copy trading is one of the coolest ideas, though it’s not something that is available on every exchange. I have not tried it before but I am quite interested in it, because mainly what I do is investing and not day trading. As someone that’s not skilled in the area of day trading , copy trading will definitely be of help to me and also to others that has no skills.

I do not think that copying trading will minimize the risk in everyday trading, otherwise it is very risky when you are giving trust and decisions in an unfamiliar person.
Ideally everyone should trade on the market, money is yours to be responsible for it.

I have always heard about copy trading, here and there and it seems to be such a trend that there are websites or web-pages that uploads their trade for people to copy, earn and trade; but i do not support this. WHY ? When you copy trade, you are not responsible for the outcome of the trade be it profit or loss; and you cannot be confident to even expect profits. I term it Trade Gambling.

This best form i copy, i recommend in crypto currency trade; is the copy strategy pattern. WHY? If you copy a top maestro trader strategy; practice it to perfection and execution; then trust me, you will either become as good and astute with the strategy or learn even more than the trader who owns the strategy.

Key lesson: FOCUS ON A TRADE STRATEGY THAT WORKS FOR YOU; AND BE OPEN TO CORRECTION / TWEAKS.

It is difficult to identify a skilled trader and copy their trades, even the best in the crypto market cannot be sure of their deals.
A newcomer with a small amount of capital is very likely to lose all their assets trying to copy the deals of big traders.

First, you need to use special platforms in order to avoid typical mistakes due to inexperience.
Secondly, in order to understand how experienced a trader is, it is enough to look at the complete and transparent statistics to make it over a long period.
If the platform provides such functionality, it can be trusted, as well as a trader. However, I have not seen traders providing their copy trading services with positive long-term statistics.

It is exactly what the words are. Watch videos from Youtube that what does it mean.

Get an introduction on it from Wikipedia.

--> https://en.wikipedia.org/wiki/Copy_trading

Copy-trading is not a feature that you can get easily.

I don't know if there's a legit platform where users can easily avail of the feature.

Others might say that it's good to keep the trading manual but we can't stop those who want to avail of the service. Just make sure it's a legit platform and already established a good number of positive reviews.

Most of the platforms provide at least 12 month statistics and barely enough to convince you on the popular persons trading capability together with its gains over the specified periods.

you can also set your own risk management setting own SL and TP's

We cannot really stop them because there are some that are too lazy to study trading wherein they want convenience and earn passive income by availing copy trading. There are some copy trading that are free but there are some have payment in order for you to copy a certain trading wherein you will see all of the details of his/her execution but those copiers should understand that the copy trading cannot give you a 100% gains because it is really depends on who you copy. If you will copy just a wannabe trader who keep boasting that he has good skills even though he is not performing good then of course you may incur losses if you copy a trader someone like that. The idea of copy trading is good for those who do not have enough time understanding and watching the real time price action but for those who have a lot of time; manual trading is still the best because you can experience the trade and you can learn from it.

Actually, there is no wrong with that especially when you are new to this field. But I'm not going to keep it to the whole life copying other's works, I'm going to make my own way also while retaining some of it. And one way to help improve our skills and knowledge is to keep ourselves being aggressive to learn more, the more experience we have the more learnings also we earned. We don't just stop there but to look upward maybe we can find more and better strategies than copying only to others.

Copy trading can be good at times, you can earn from the market from the market without knowing what you're actually doing, but that's also the issue,you can't keep coping other people's work without knowing how dey arrived at that point, it's good for only short term, but in long term no, you have to learn how to trade on your own.
Mate nobody is perfect you know, even expert traders do have their bad days, but if you keep coping trades do you know you are slowing down your growth in the trading aspect?, how long are you going to keep coping trades, I will advice you to ditch that copy trade and improve yourself, so you can stand alone and make your own decisions, not always following  someone else's decisions.

I don't recommend copy trading, other than it's only good for the short term. Copy trading will not make our trading skills develop,
that is there increasingly makes us become dependent on other people. And don't make excuses for not understanding market analysis,
because even professional traders start from not understanding market analysis. So don't be lazy to learn how to analyze the market.

Laziness always puts you at risk when it comes to trading must have good knowledge about the market and analyze the market for trading copying others is not always right many times it leads in the wrong direction. Knowledge and skills in both trades increase and learning a lot about the market becomes easier but we contact experienced traders who want to follow their activities and earn from their success start with as small as you like. To make sure you have the best experience we use the latest ground breaking technology and our copy service is one of the fastest on the market.

There are people who thinks that if you become a professional trader, you will never experience even 1 losing trade. Actually, that's not true because professional traders are also experiencing losses and we should be aware that losing is part of the process where it cannot avoid because we are not perfect and we traders have emotion to think and to have some strategies. Copy trading can be a good way in terms of knowing why a certain trader make a trade with that specific cryptocurrency. You can study his strategies and execution where you can get information that you can use in order to become knowledgeable trader.

I never suggest copy trading or copy cat. This method will lead you only to depend your capital to others style in trading, what if
their way is not good or wrong methods, for sure your assets will be melting away. It is still better to learn on your own little way
to earn crypto or Bitcoin. And besides, there are so many ways for us to learn how to earn cryptocurrency anyway. Try to look around
and check all the social medias.

Is the copy trade feature in binance? I do have an account there that I have submitted KYC. I can work that account out again. The only exchange so far that I have read that has this feature was the etoro. The copy trade of etoro is advertised on facebook.

When we say copy trade, will the amount and the leverage he set be also copied?  I have a hard time doing it on Binance because there is so much button to click.

Yeah agree, but some people do copy trading with their spare funds and while they are learning about trading it doesn't hurt to earn some extra money with the help of copy trading respecting that someone is better than you at trading currently.

I agree though that copy trading should only be done when you are either not interested in trading at all or you are still learning and look at it as an extra source of income. The bigger picture and thought must always be about improving your own trading skills and how to be better than you were before so keep learning and in meantime you may try copy trading it also helps you understand how others take their decisions.

Though we can say that it was not a good idea, however, if you are just new to trading without enough knowledge to solely run trading personally, copy trading is a big help instead. In fact, many traders are still using that still but of course, if we wanted to have better trading results in the future, we must have to stop relying on other's ideas instead of having our own.

Copy trading is just a helping tool to have our own trading formula. And with the help of our trading experience in the past will also help us to have our own strategies that it crazy to find.

In my opinion, copy trading is still a way to make good money if you choose a good trader.  At bingbon, there are many top traders legit, so we can also refer here: https://www.bingbon.com/en-us/mobile

Copy trading is profitable, that it can give you 40%-60% in a year depending on the strategy. Copy trading is also a good head start or can be a learning tool when it's still your first time doing trading because it will give you an idea of how you will make your own trading strategy someday. But always copying other's trading strategies will give you problems in decision making, so start creating your strategy.

Has anyone tried https://www.shrimpy.io/?

It's one of the fastest growing social trading platforms in the crypto market. I'd recommend checking it out.

I like the idea it is a huge help for us who are having a hard time in trading or lack of knowledge to be successful in trading.
We could learn a thing from them while earning at the same time.
But the negative thing that I see in copy trading is that the ones who are copying could end up being lazy and rely only on the skills of other traders.

If the system is the same as Etoro it is a big NO for me. The higher deposit and withdrawal fees can cost more than what I pay on another bot trade based crypto exchanges. The copy trading methods are widely used by newbie traders but the risk factors are considered high by the same group of traders. Pamm accounts are still my preference rather than blindly copying trades of random traders on social trading websites.

I would not say copy trading is bad, because sometimes it is very helpful for newbies who don't really understand trading.
But if we rely on copy trading to make profit I don't recommend it. Since copy trading will not make you a successful trader,
copy trading will not improve your trading skills. Using copy trading once in a while is fine, but don't use it too often.

Copy trade is not bad as you think. There are many people who dont have time learning to trade. So, copy trade is another way for them to generate profit passively while they can do their job. Some copy traders offer high interest rate which can even higher than 20% per year

I am not promoting copy trading but how does one becomes lazy if he invests under someone else recognizing that the other person is doing trading for years and takes better decision than me. Not everyone can become expert in trading so it is worth realizing that if you are not good into trading and trading isn't your thing so it is worth a shot trying copy trading.

You might try to polish your own skills and maturity with trading with demo account and the moment you feel you have learned the required skills you can always divest from the copy trading and invest within your trading.

I think that copy trading is a good thing for the newbie traders and they can avail this till they dont get the fruitful experience but i suggest to not totally depend on this and try to get the knowledge regarding forex and learn more about forex trading and practicing in demo account so they can furnish their self with some good strategies which can make them able to trade wisely and generate profit without risking their accounts. so take copy trading for time being only.

If the pro trader is so skilled in copy trading, I would honestly think that it’s worth the gamble. I had a good friend of mine who is a trading coach and is very skilled in trading, so we just have to copy trading with him. He is using Bityard platform for trading where we could copy trade. Although nothing is guaranteed in the world of crypto, at least this is one of the easiest legit ways of earning money in crypto apart from manual crypto trading, mining, staking, hosting a masternode, airdrops and bounty programs.

Actually there is no wrong in copy trading because you can keep generating profit without doing anything so this kind of income can be called as passive income but for me it is about your goal. If you want to just gain money where you do not have time to study a lot of trading strategies and concepts then copy trading is for you but if your goal is to both make money and to learn then focus on trading by yourself and avoid copy trading.

So thats an another dealing with someone who do consider copy trade as a side income which is really a very wrong mindset but if they do saw that theyre profiting then it isnt really a bad choice after all.

Im not saying that this one is bad specially if you do have some day job to focus on and having some alternative or side source of income wouldnt be a bad idea but dont really rely on it too much
because theres no guarantee on making profits from time to time.

You can copy but it would be better if you do learn along the way which when the time comes where you do need to go full time then you do already have the idea on where to start.

Definitely, it is better to learn your own trades. Maybe at the start, you can avail the services of copy trading. But this is really not a good long-term investment, as you said, you will not gain the necessary skills on this aspect if you are just relying from someone. It is your own advantage if you know what you are doing and not blindly following someone's movement.

If you do not want to be too involved in trading then I think that this is the best move that you can do. If you find success in copy trading then I think that you might be considered a successful one. Remember that trading takes a lot of time so copy trading is a big help if you want to save some time to do other hustles.

Hah, just think over it, if such a thing was even possible would every copy trader not become equally rich as the "pro trader"? Logically yes, provided the "pro" is a real pro and not a fake one, which in many cases is the problem.

You see the world is filled with such people coming up with methods to make it seem they make it easy for you to make money, in reality the person selling it is the one actually getting rich. It is a type of a scam you can say. Copy trading is one, MLM is another.

Trust yourself mate. Dont ask that question which you know you would not get an answer to. ;)

I am one of those who often experience losses when using copy trading, maybe my setting is wrong or copy trading that I use is bad.
But I'm not going to stop people from using copy trading, let people try what it's like to use copy trading. Because I have a bad experience
with copy trading, but other people will not necessarily experience the same  things I have experienced with copy trading.

Same to you actually I have same experience using monnos.com. It`s Brazilian copy trading social platform. But i believe that if we select right platform or choosing right people we can earn more without any hesitation. and copy trading  gaining popularity day by day.

I guess when you are doing copy trading, the most important part is to find someone who you can trust and copy their trades. Think how much money you could have made if you followed waro for example, dude made 1000%+ profit in the past 7 months or so if I am not wrong, that doesn't mean he will continue that forever, but he is definitely awesome.

Or you could have followed me and you would have made much less, or you could have followed someone very horrible and even lose money during this period, which is very low chance even if you just bought btc and hold, but there were plenty of people who opened shorts so there could have been some people who lost money. So, the method of copy trading itself is not bad, it is just about who you pick to follow.

I think copy trading is one of the coolest things that will be found on a trading platform/exchange, because it’s not easy for some of us who already had works that we are doing and are interested in trading cryptocurrencies, but since we are very busy we can’t do it.

Although I know some people who prefers to hire managers to trade for them, for me I think it’s best that you create an account on one of those exchanges that will allow you to copy trade and that way you will know that you’re still in charge of your money and everything, all you have to do is just choose one good trader to be copying after you have gone through their history.

If I divide day trading and long term hold as two ends of the spectrum, for the second group being busy with work will not affect much since they are doing it for the long term and they will mostly be buying only at the lows. For the first group or daytraders, it would be more like a day job for them otherwise it is impossible to run the thing.

However, copy trading does not mean you are doing either, maybe some what close to daytrading but a non-logical one. Read on.

Hiring a manager for trades is a different thing. Also you wont get a trader who always makes profits. Just manage your money on your own - all the "financial advisors" are nothing but shills for altcoins which are going to worthless and useless anyway.

Most copy trading platforms are no different than bots running algorithms for trading. You will be ripped off your money if you go down that route.

So you only need to choose who's expert trader that will be copied and that's it?if the trades of the said Person succeed then same as we are?

Sounds cool and tricky ,But is this profitable?is there any comparison from those who Gains and losses?
This is what i wanna hear,Because it sounds easy and cool but the outcome?

Before trading you would like to settle on an honest platform which will assist you to repeat the trade. it'll be possible to avoid risks. Currency picking and exchange sites got to be researched to trade using all the knowledge and knowledge. Earn a second income by allowing others to follow your trading. choose from and replica their commercial activity automatically. it'll always be an honest profit to trade coins from altcoins for profit.

For most who had been offering these copy trades of whatsoever, then its not something new that they would really be mostly emphasizing their winning results and not totally
exposing off when it comes to their losing percentage and that's also a deceiving part where people who doesn't have an idea will just easily believe on what
they do claim.

Copy trading isn't bad though but be sure that you do know on when to take out your profits when you are in gains but overall its better to make your own spot trading lesson.