Bitcoin Forum

Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?

They have been various threads about this on the forum and many members have different opinion on it. But the main point centers on the fact that copy trading prevents or limits you from actually learning the trading it self and you place your trading decisions on a third party. No matter how good they may be it is always advice to actually do your own research on this crypto space so you get lure into your investing in pump and dump coins.

As a newbie the easiest way will first be to hodl your bitcoin not Alticoin and then learn about the trading fundamentals gradually, because it is even easier for a learned person to copy trade because they could Atleast dictate fake signals or scam projects. But blindly following other traders way is deemed very risky.

Why will someone new to trading will only rely on that instead of taking their time to learn how to trade by themselves, the question is for how long will they keep depending on copy trading, there are many ways to learn trading and become a professional, i won't advise a newbie to go on this instead of taking their time to learn and make discovery on trading, your discussion will also best fit on the trading discussion board, you can move the thread there,

Some may thinks too but I don't think it's a viable  or an advisable option for newcomers. It may have some serious limitations which you can't ignore:

1. You may have struggle to find out the perfect trader to follow for copy trading. Also it will not be a cost effective way to trade because you may have to pay additional or higher fees than traditional trading.

2. You will have less opportunity to grow your skills or trading strategy. When you depend on others for your trading you will have less interest to learn about technical analysis, trading strategies so you will have limited learning possibilities.

Anyway Copy trading is legit and a popular way to start trading for newbies. But I will suggest you to learn by yourself and control your funds. That will give you best output from trading if you can be an expert on it.

I am not an experienced trader but I am sure copy trading has risk involved too and I feel like if a newcomer to trading is going to do this, they should at least have a basic understanding(or preferably a deeper one before going into trading) of trading because if not, it could backfire to them and leave them at a loss in profit.

The first concept that we should consider in trading is that if a single strategy works for others, that does not mean that it will also work for you. The market is changeable so we can’t predict that the same strategies will be working the whole time. That’s why copy trading will never be reliable at times.

However, I don’t mean that it’s not useful in general. Some traders are still making some decent profits through copy trading, but I would not advise anyone to rely on it. It’s still best to trade on your own and learned from your own mistakes and losses, that way you can correct them after so you won’t have to suffer from committing the same mistake again.

Copy trading and using Demo accounts are the best options for newbies as it was an opening idea that we can use in actual trading. But it doesn't mean that we just be confident enough about what we learn from them, we also have to dig deeper through reading books or online tutorials. But what is important is that we are not afraid to lose because losing would help us to educate and give us more learnings. The more we commit mistakes, the more we find ways how to avoid them. I suggest newbies do this but I have also to warn about joining signal groups that promotes copy trading.

Exchanges constantly coming up with clever tactics to win against traders. They know that if people don't spend their time to learn and Master the art of trading that they would most likely lose more than they can make. Anyway, the exchange driving the narrative of copytrading will still end up benefitting from fees anyway. Copytrading might have been a big deal in the past but not anymore because people realized that the best way to be profitable as a trader innthe long run is to master the art of trading.

If you can find legitimate platform doing that and you don't have time to make your own trades well that is fine but your profit is controlled and maybe you cannot expect to earn a lot their compare if you trade for your own. Also you cannot learn on how to trade for yourself if you just rely on copy trading so if you want to became a skilled trader much better if you seek for better information to enhance your knowledge and help yourself to learn about how to trade properly.

Why even immediately trade when you're a newcomer? Stop trying to rush immediately to making money especially if you don't have a firm grasp of this industry in the first place.

Also, those traders in copytrading platforms mostly don't know what they're doing. Copying them just looks attractive because of their short-mid term gains. Wait till you see their long-term performance(most likely red, or subpar gains compared to just holding BTC).

For beginners who are new to crypto trading, I don't think there's anything wrong with trying the copy trading service. Because by trying these services, at least there will be a few examples and descriptions from the experts that are followed, while trading in the crypto market. But even so, I suggest, don't use the copy trading service for too long. Because if you only continue to use these services to trade in crypto, the impact will not be good for progress in the deeper field of crypto trading. Because if you continue to rely on these services, you are afraid that you will get too carried away and forget the knowledge that must be learned in the world of crypto trading and only depend on these services.

Because basically, to enter or start into the realm of crypto trading. The first step that must be carried out is that you have to study the knowledge first, such as fundamental, sentimental and technical analysis and don't forget to know about risk factors too. Because in essence, if you want to get better at trading in crypto, you have to learn more first. In order to better understand and be able to become an independent trader.
So in conclusion, try copy trading services, it's fine, but don't take too long and don't forget to keep learning about the science that must be learned to trade in crypto.

I have been seeing copy trading on many big exchanges, like Binance, Kucoin, Huobi and many mother exchanges. It is something that is no more new in crypto again.

About your question, I will advice beginners to learn trading. Because a leader trading (the person you are copying) is winning today, that does not means he will not have losses tomorrow.

Another thing is that the leverage you use and the leverage the lead trader use may be different. Your trade may have higher leverage and riskier. But you can easy know the leverage the lead trader is using.

Learn how to trade yourself is the best approach for trading.

Know that copy trading or not, trading your self or not, trading is very risky.

Being a novice it is a bad idea to start trading, and copy trading even worse.


This. In the end you will be paying someone to copy a strategy, which will probably not only be focused on Bitcoin but also on crypto, and which in many cases will lead you to ruin. With stock trading in some chaos copy trading can have a certain reliability, with people with public long term results, and yet you never know when the streak is going to break.

The best thing for a newbie to do is to learn about Bitcoin and start doing DCA. But of course, this is much more boring than trading (although a safer way to get rich).


This is an important point to keep in mind as well.

I'm not a trader, but with the little knowledge I have about trading, I don't think, as a newbie, you should rush or think of trading the first time; instead, you should hodl bitcoin instead of using the money to trade. However, you need to calm down and understand the crypto space before you start talking about trading. copy trading will be worse for someone who wants to learn trading, especially a beginner. and those who you think are gaining profits from trading only show what they have gained and hide their losses. So you can see that if you learn the trading skills on your own, it will be more effective for you than copying them.

Moreover, there are some dumb traders with a handful of cash who made some profit accidentally now showing in the leaderboard. They don't even know how they profited that much, and they don't even know what to do next. Imagine some beginner trader already following that trader because he is on the leaderboard.

Some pro traders may have a good amount to back up their position, which will help them not get liquidated. But when others copy them and their strategy, they might not have enough balance to cover the position. In this case, getting liquidated is very much possible.

 when you don't have any idea at all about trading and you enter an exchange like Bitget and copy a trade, and maybe you manage to secure like $5 or $10 in profit, and the next day you copy a trade and still lose the profit you made the other day. What do you call that? Trading is all about experience; even if you must copy trades, learn the basics of trading first. Trading requires one to develop some good skills (risk tolerance and asset management) before they can make a profit. So, I'd rather advise a beginner to learn the basics of trading first before copying trades.

The one who copies trades is the biggest fool and should leave the market. No matter how much you made doing it, you simply don't deserve to be part of this market.
One should learn what exactly the price is saying and then take a trade, in the end, it will be just another gamble, just a calculated one. If you copy trade, you rely on someone and might also be forced to pay money if the one providing chooses to. Do not do that. You need to just analyze the charts and you will be good within a month or so, just stay with Bitcoin chart.

I would say it’s effective for those who only trade for fun, but for those who aim to be good and effective traders in the long run, it’s certainly not viable and unreliable.

Trading is not a game of chance and luck, but a game of knowledge and skills. And the only way to improve and promote them is to learn and experience trading on your own. Of course, there will be expected losses at first but hey, it’s not going to happen forever if you keep learning from all your losses. So never do copy trading, as it will never hone you into the best trader that you can be.

There are a few things to human nature onesjojkd take cognisance of. One of those is that, it is easier to learn when you just joined up because your mind is open to accepting new knowledge than when you've been around for sometime. This is because, you've got to unlearn what you've learnt and this involves, unlearning a practice that might (and I repeat might because, it doesn't always favour everyone) have proved useful to you to learn something that requires you loosing good money for sometime before you get the hang of it.
It becomes a great discouragement to back away from the practice.

Also, with no prior knowledge to the trading environment, you might find yourself struggling on how to best use the signals or doing any positive evaluation of it when presented with it.

In many ways, copy tading could be bad and I don't advice beginner traders to walk that path but instead, practice trading and analysing on a demo.

As a newcomer what you basically need is knowledge and more time to devote yourself properly in your trading journey otherwise following a copy trade may not be a solution to you and may not add value to your life as it may fails at any point because, whenever the bots fails and malfunction  you funds automatically disappear from your account that is why it is best advisable to have some basic skills about trading and Technical analysis before engaging yourself with bot or copy trade.

It can be interesting if the trader you copy has good results in the long run meaning he just hasn't got a recent lucky streak. But you have to be careful of the size of his bankroll. If his bankroll is bigger than your own you should adjust the amount of funds you are using in your trades proportionally, to avoid getting busted by the volatility despite his good long term results.

Why I don't even know this name?
I didn't visit that but can you tell me in what year they implement that feature of copy trading?

AFAIK, eToro was the first trading platform that introduced this copy trading, correct me if I'm wrong.
This exchange eToro introduced the feature of copy trading in 2010 and in that year, they launched their CopyTrader platform.

To be honest, copy trading can be a helpful starting point for beginners to get acquainted with the markets and to gain knowledge on trading but it doesn't mean there's a guarantee of making a profit because even experts in trading may experience losses.

Was about to say the same thing, it's much better that you know the ways in trading and all the complexities that it offers because copy trading makes you reliant on how other people trade which isn't a fun thing because what would you do if suddenly you're experiencing losses, you don't know the answer to it because you don't have the knowledge even if you were to analyze what went wrong.

Regarding the viability? It depends on how you learn, if you learn by doing it yourself then copy trading isn't for you but otherwise go for it since you can see an expert trader in action do the magic, you're basically watching a tutorial on how to trade when you do copytrading, make sure that you're copy trading someone that's most likely to win their trades. And if you want to save time, copy trading might be good for you as you don't have to be active to make some profit.

Despite all that I've said above, you need to consider first that there's no guarantee of profit here, the trader that you follow is also a human and humans have a pretty good track record of making mistakes. And if you're aspiring to be a trader full-time, being too reliant on that might not help you develop your trading skills. To finally answer whether it's viable, I think it depends on who you're going to ask, there's a diverse experience from different people so their answer to that might be different.

That really matters in how you consider copy-trading on you. If you are doing this for just a while like just for less than a month, I didn't see any problem with it because that also gives you an idea. But if we become reliant on this, that was a problem because this won't lead us to success. Because as newbies, what we think is all about learning, not earning. And we gain ideas from our experience and being into copy-trading gives some light on what we gonna do next and to soon to become independent.

I see this as an effective way for beginners who want to learn from the trading experience of others who are more pro at trading. But don't expect too much with copytrade we can have profits easily. Because I personally see that this method is only suitable for those of us who learn to trade. We can imitate and learn the steps of pro traders. And then we can analyze again and make our own formula in trading. So in this case I think there is a positive side and a negative side that we should know. On the positive side, we can learn from observing other people's trades. and the negative side is that we shouldn't depend too much on this method so that we forget about independent learning to become independent traders.

As the newcomers wanted to take shortcuts by just copy trading, it is still risky for them not knowing the moves of the pro trader that they have followed.

I’ve been there before using a couple of copy trading platforms like BitYard and Prime XBT, but I only get much lesser profits than expected.

Copy trading is the “kinda less riskier” version of futures trading where you cannot control the price movement. Instead of you declaring it long or short, it is the pro trader that you have copied.

Honestly, I think the safest for newbies is either to DCA with BTC and/or ETH, or do spot trading where they can just simply buy low and sell high.

It is okay to get ideas about trading by following others but it is better not to direct a new member's trading activities according to someone else's trading. Because trading usually depends on one's own skills, how someone else is trading successfully may not be successful, so everyone should have their own trading skills. Those who are new to trading can try to learn about trading and build their own trading skills by learning from how others handled their trading to better understand. In trading you should never depend on others and always depend on yourself.

Asking a question, and at the same time, promoting a scam exchange like Bitget. Good Luck with that.

Just to answer your question, it isn't effective especially if you have a small amount of money to be used for copy trading. I've seen some beginners in trading who prefer using the copy trading feature, and in the end they lose money. Well, I'm not saying that all of copy traders are losing money. It's just that, it's for lazy people, and even those experts who these lazy copy traders are copying don't always get profit. Copy trading gained popularity because it's like, you deposit a huge amount, select an expert trader, and copy all of his trades. Doings of a lazy trader.

I remember that this Bitget exchange has been promoted in Youtube by various Crypto influencers already. Well, they don't care if the one that they're promoting ended up as a scam because they only care for the money. As for the OP, you have negative trust already, so I would suggest to stop promoting that scam exchange.

Beginners just want a fast way to profit from trading so they will use other methods, including copy trading. I don't know how effective copy trading is for beginners because I never suggested it to my friends who just joined crypto.

They should at least learn basic trading to understand how to trade it. Copy trading may be effective for them in getting profits but it depends on the trader they are copying trades from. You can also try it to see how well it works for you to know if copy trading suits beginners.

Doing copy trading without equipping yourself with knowledge about trading, or at least knowledge about using copy trading, will not provide benefits. They can choose the wrong trader because they don't find out the trader's background and are only amazed by their stories that say they have succeeded in getting big profits or see the percentage of their trades. Be careful in choosing the traders.

When someone comes into a business like trading why would he depend on someone else and risk his own funds instead of learning and gaining knowledge about trading? When a trader takes a trade depending on others without knowing about trading, it will be like taking a decision blindly. So I think most of the new traders want to take a shortcuts in trading, as a result of which the maximum trader is a loser in the market, there is no place to take a trading shortcuts here, no one can say for sure what the next move of the market will be. It is difficult to succeed in such an uncertain place without giving importance to your strategy.

I've never seen a trader who became successful without learning about trading, I've seen successful traders read and practice trading regularly. So before taking shortcuts by doing these copy trading newbies should acquire knowledge about trading so that they understand how the market works.

I think I would suggest simple learning and then earning methodology. If you are going to copy someone then you would be surviving on oxygen cylinder mate. What I mean is you can learn during that process and would end up nowhere in the trading ocean.

There are decisions to be made, trades to be opened and closed at the correct timing and all of this can come from the learning process and experience that is gained over the time. No way you can do from copying someone.

It’s like cheating in exam by copying someone and earning your degree. But you can’t even crack the entry level interview for a job.

I don't think it's something beginners should embrace like that. It amounts to giving one fish instead of teaching one how to fish by themselves. Doing copy trading is like aiding someone to cheat in an exam. The point of concern for any beginner who's going into trading is to learn the rudiments of trading and acquire the set skills for it. No shortcut should be encouraged. Newbie traders should go for the knowledge first before thinking of how to fast track earnings.

I see no reason why a beginner should rely on copy trading, if you really want to be a trader as a beginner, then you should learn to do your analysis yourself, if you are planning to copy other people’s trade, then you are not ready to be a trader, if you really want to be a trader and you want to stay long in crypto space, then you should learn to do your analysis yourself. As a beginner I know it won’t really be easy, and their are lots of challenges which the person is going to face, you might end up losing lots of money in the process of learning, but it’s better you face all those challenges once and for all. I see no reason why anybody should depend on copy trading, if you really want to be a trader, then you learn to trade yourself, always depend on yourself and not anybody.

Bitget has dominated crypto trading with their copy trading features. It's one hot selling point with which have used to attract new customers and users who yearn for cheaper rates and fees for transactions and trade.

For beginners or newbies, it is important to learn the basics of crypto trading first, and just like the way one would learn a driving skill by observation and then practice, attempt trading with the mindset to make loss at the initial stage.
After losing more than once for sure, trying to use copy trading features for better insight would be more helpful than trying to use it without any basic tech-know-how of trading.

Don't fret brother, it's not a good option if you don't Really know what it is exactly that you're doing. It sounds like your experience F.O.M.O | FEAR Of Missing Out. Never FOMO into a trade.
You should learn the basics first. Soon I will be making threads in this section. I want to help newbs like you to trading, I build trading view indicators, and I'm working on a suite just for the Bitcointalk newbs!
I'd figure I'd give back to the community that has given me so much, and also I hope to increase my merit and rank, I've been here for a while and haven't put in enough work yet.

In the case of beginners it seems that copy trading is not the right choice, because they will not get used to the increased skills in trading and will also lose interest in learning technical matters, analysis and strategies.

Basically not a good choice when you are still a beginner and are too focused on trading using any pattern, but you need to think about how someone who is still a beginner understands the difference between trading and investing. Because the level of risk in trading will be much greater than investment, the choice must be at a comfortable point to run one of the two and when the direction of investment and trading is clearly understood then start from the level.

It's effective if you want to trade, to learn to trade? Not so much imo. You'd be able to get things done, but you won't be able to branch yourself out, to take bigger risks for bigger profits with a reasonable assumption.

Even the idea of trading, which is buy low sell high can easily be understood but that doesn't mean that anyone can just simply do it. It takes a lot more to be able to apply it

It depends who you follow.

One thing I noticed with many of the copy trader leaderboards is that usually the most profitable, is only profitable for a short period such as 1-3 months. It’s rare to find someone who is very profitable over a longer period.

Usually they take risky trades and their loses are rare because they don’t use stops. Which is fine lately when we are ranging but if we finally get some direction then many of those leaderboard holders are going to go bust due to their use of not using any stops.

Copy trading can be a viable option if you have a good understanding of the trade otherwise you are at risk. Risks are high for newbies, so do a good research about the trade first. Those who can't trade well even with a lot of time or haven't decided on a trading strategy for themselves but want to continue trading. This is basically the benefit of copy trading for them. Trading depends on your own skills and if you practice the market with your own knowledge, it will become easy to learn all the ways of trading. It is never right to depend on anyone in trading because no one can tell when the market will go in which direction.

It may be a good choice for the new trader to jump into copy trading as he has nothing to do but check his portfolio from time to time and spend his money, but in exchange you won't develop trading skills and mostly you won't be called a trader because you don't know the fundamentals of it. This is also why most of the newbies want a short cut, like they want to earn quickly and not want to learn. It is really best to learn trading on your own and start trading on your own, or you can try it out later if you are just curious and if it is profitable.

I have seen numerous kind of this thread and many of forum members have discussed this before now, so therefore i believe that this will look like repeating of previous suggestions rendered in same thread. Nevertheless I will like you to know that copying a trade is good but it will deprived you a lot and that alot it will deprived you is something alot that you suppose to know on your own without using another person methods of trading. From my perspective it's acknowledging to learn on your own on how to trade because trading without knowledge will make you to lose, it's encouraging that whosoever that wants to engage itself in trading have to advocate time to acquire the knowledge of trading without depending on another person knowledge. A beginner can learn trading through YouTube video and accomplish it with manual learning and with consistent practice of trading with small amount of capital's so that when a loss manifest or occurs it will not affect the trader, but newbies tries their luck and go into trading with surplus amount of capital and when they lose they will start castigations in trading.

In summary: it's good to learn and understand trading before venturing into trading, so therefore trading is something that deals with understanding and carefulness.

There are some advantages of copy trading for newcomers. You can check the below points.

Advantages :

1. Time-saving

They can reduce the time on researching and monitoring the markets.

2. Learning opportunity

They can observe and analyze the strategies of successful traders.

3. Simplicity
They can replicate the trades of good traders.

 

Copy trading will always be useful unless if you’re copying from a loser point if view. Because if that happens, you will never come to benefit copy trading but will only experience consistent losing. That is why I never encourage newbies to rely from copy trading not only because  they don’t hold guarantees as to whom the trades came from but if those copy trading owners will suddenly disappear, then they will have no longer someone to depend when trading because they chose to copy trade than to trade on their own so they can learn from all their flaws in trading.

I am against copy trading. I don't see any fun in it. You can't learn anything from it either. In hopes for short-time profits, why ruin the future? As you keep copying and trading based on that, what happens when it is gone? What happens when you have no one to copy from? Also, it is not always guaranteed that you will make profits. Even the pro-level traders make mistakes.
If you are losing either way, why not learn it first and then do it on your own? Trading is not for everyone, and that's true. You should not copy just because of this. If it's not for you, then move on to something else. Try different things. But if you really want to take it seriously and make it a part of your life, then there's no choice rather than to learn it on your own.

Nah, copy trading is the worst form of trading for new comers in fact it isn't even trading to be exact. The ones who fall into the trap of copy trading often lose a lot of money because they are trusting others with their trades and that's the stupidest thing that anyone can do. Copy trading is mostly similar to the type of trading some traders do who follow many Telegram groups and when they receive any signals they place their trades without even caring about the results because they trust those signals blindly.

I recommend everyone to avoid copy trading because such type of trading won't be helpful to improve their trading skills and it could cause so many problems for them in future. It's far better to learn trading your own self rather than relying on a type of trading named copy trading, and yes, copy trading is one of the worst scams that the exchanges do with their users. I highly suggest you and other to avoid copy trading at any cost.

I'd never see it was wrong but if you are reliant on it for your whole life, yes, you never learn and never succeed. Well, honestly, I've been doing this during my early days in trading but of course, I'd never expect to earn a profit from doing it because my intention is to gain ideas on how they did it as I compared to my personal market analysis. Yes, it is to find out that there is a big difference but as I beginner, I don't think I was even better from them.

Learning to trade is not instant and I consider copy-trading as a step to consider upon learning. But of course, if we aim to success, we must carry ourselves alone, not to become reliant on others.

In my personal opinion, I would say it’s not. It will only destruct their focus from learning trading on their own and the possible learnings that they can get from their personal trading experience. While it works for others, but I don’t see it’s a great idea to copy trade when you are not sure exactly if those you copy trade are the products of a professional and profitable trader. Maybe this is one of the reasons why beginners never stop from failing, because they always chose to follow shortcuts when they know trading in the first place is certainly hard and even risky.

It could be viable for short term but it will never be reliable in the long run. Simply because trading has its own learning process so you should do it step by step and not just abruptly follow and copy trade. While it’s a choice for every trader, but as a beginner, you should always put a lot of efforts and hardwork if you want to learn seriously about trading. Do not too obsessed with quick money and profits, that will never guarantee your worth in trading. But if you will learn it the hard way and experience more losses at first, then expect that you will gain a lot in the future by trusting your own knowledge and experience in trading, and not by copy trading from other unknown traders.

You cant really be that reliant forever on someone on whose you are following, you wont really be seeing yourself to be that progressive on the time that you would really be dealing with trading.Yes, you do have the

interest on doing trades and trying out to learn but in the sense that you are simply copying or following someone then there's no learning from that. Also, there's no assurance that you would really be that profitable
on this kind of set-up when following trades since not all those traders who you do follow always end up on profits or making sure or guarantees that it would sustain on long time. On the time that it would be making up some loss of your capital or trading balance then for sure you would really be blaming out highly on that someone and something that will really be giving off that kind of heavy regret feeling that its better to
make your own trading decisions rather than on letting others dothe work.

Sooner or later you would be able to realize these things along the way on the time that you would be seeing that its not really that ideal on heavily relying with those people just for the sake of profit in trading.
Nothing beats out if you do able to make it manually and on the sense that you do already have the knowledge and skills on doing so.

I honestly never tried these copy trading feature by simply copying of what other traders did, I wonder whether it really gives meaningful profits, but I just concerned with the fact that if we just set our own money to automatically follows what the other party decisions are doesn't that mean we could be used as a tool for them to make exit liquidity i think it should be of concern.
after all, its always better making our own decision if we have sufficient knowledge, resources and ability to analyze the coin we gonna invest in.
just wonder if anyone out there has been successful in their trading career by just using this feature.

I am also oriented to the future as you are doing right now, and I crave it. however, for beginners that I have experienced, it is difficult to read the market even though I have learned from various sources. by looking at the way other people transact, at least I understand how they trade, so at least now I have progressed in understanding the market, so copy trading can be useful if we can use it properly, considering that currently there are many beginners who want instant income, and they don't want to develop to do personal trading

everyone has their choice. If novice traders don't want to develop their own trading skills, maybe copying other people's trades is their quick way to make instant profits.
I have also used copy trading, but I personally am not comfortable using it. just to gain new experience in trading. but more comfortable when we do everything ourselves, with our own analysis and abilities.

When market makers change their games, the market trends will be changed and if you fail to exit your position, you will lose money.

Learning is very important but practice makes perfect. However, new traders must start with learning, not with practicing. Without knowledge, their practices will only bring pain and loss.

They are lazy to learn and to filter market to find chances for trading so they choose the easy way, relying on Copy Trade from someone to get profit and to save their time. I am not sure how many lazy and unknowledgeable traders can get profit from Copy Trade but I myself see it very risky.

They want profit but don't want to learn, don't want to pay money for learning from good trading courses or books so they have to pay more expensive cost for their loss in the market. It is more painful than spending money to enrich their trading knowledge but it's their choices, like you said, and we can not change their minds.

I totally advice newbies and even intermediate traders against copy trading. Have strategy, stick to it and follow religiously your rules and as much as possible, please trade for yourself. During the times you are not actively trading, you can then go head to do some trading experiments like bending your rules on a demo account to find ways to improve your strategy. Aside this, you are basically giving your money to someone you don't even know and hoping they don't blow it.

Copy trading means that you only need to follow all the steps of the trading leader you choose, what new traders have to do is pay close attention to the win rate of the trading leader because each trading leader has a different win rate, novice traders will be greatly helped because he no need to learn about trading other than the basics, but that doesn't guarantee trading success, I've done it in forex and it just looks easy because you don't need to do analysis but it doesn't guarantee profit, opportunities for losses remain open.

If their strategy is working, I don't see any problem if a beginner will copy it for his/her own benefit. What matter is they're able to profit (since that's our goal) and somehow get an idea from that experience.

However, it's not right to just rely on this as a trader. It is still best to gain knowledge to learn trading using your own strategy (a basic thing to do before engaging ourselves). So don't be used to copying what other traders do, because if you gain using your own analysis, strategy and knowledge that's the start of your journey to improve yourself as a trader and become a pro in the future.

I am really curious about what you can learn from copy trading. I have tried it in the past and I don't think I have learned anything from it. If you could explain it to me, maybe I will change my mind about it. It will be helpful for me to understand. But as far as I know, in copy trading, we just see what others are doing and open a position based on that. No market analysis is needed and no possible way you can learn from it. If they are going long, you just go long. If they are going short, you go short. If everyone just follows others like this, I have no idea where they are learning and what they are learning from.

But when you take this "copy trading" as a means to verify or compare your work, then this could be somewhat helpful. But not entirely tho. As everyone makes mistakes, they are not any exceptions. They could make mistakes too and maybe your analysis is correct. So don't get carried away. There are other methods to learn to trade. This will give you more freedom of learning and maybe you can be better than them. So do it yourself rather than relying on someone else.

It's always advisable not to do copy trading whether you are new or experienced trader. Experienced trader won't go near this strategy as because of what they learned via there experience. Always do trade with your own strategy since that will teach you how to trade in future. If copy trading is a successful strategy then every one of us will be a millionaire by following what works for others.

I believe that copy trading is good for new comers who don't know how to trade. Copy trading are consisted of real traders that's why you can guarantee that all the trades were analyze technically and fundamentally. Some people want to trade on their own even if they are only beginners because they think that trading is easy. But in reality, if it's your first time using your strategy in live trading it's difficult to be profitable and it required trust. To gain trust with your strategy you must backtested it. So if ever you don't get the best strategy with a high winning rate, it's a good choice to copy trade.

For some it could be but on my part, I always believe it’s better to trust your own experience in trading than to rely in copy trading which I think is not worth doing in the long run. Even if we say those trades are done by professional traders, that will never guarantee that whatever work for them will create the same impact on us. We all have different attacks in trading. That is why it’s still a great option to rely on your own self and trade the best way that you can, by not taking part in copy trading simply because it’s not for everyone. Our success will only be achieved only by our own hardwork and efforts in trading.

Influencers going to promote those copy trading because they want to offer a hassle free trades for the newbies using copy trade well quite ideal but of course ideal to have fundamental knowledge how trading works and what's the traders strategy so they identify if it's worth it to copy or not base on the win rate is a plus too.
If you are tired and have a lot of money you can do this even small but we know not all traders only make one position.

This is not a good way to trade since this will not improve the traders and make them gain experience in trading with better understanding of the market. One thing I have noticed these days is that traders or let me use the word people are not ready to learn these days about what we give them money. Everyone is all ready to follow the short cut which is not a good method fro us. I have tried copy trading before and nothing profitable happens to my trading history since I started that so I will not advise anyone to copy trade.

I think this has become a trend just because a lot of people want instantaneous results without waiting for too much or something related to that. They are not going to be learning anything and understanding why the trader is doing the specific thing.

Everything is geared up to the point where they want everything so fast and I hope that it doesn't change people's thinking.

On the surface this would seem like the perfect way for newbies to make some money without the need to learn how to trade, however I am always against anything that defies common sense.

Why would any trader which is great at what they do and that can generate profits with their trades allow themselves to be copied by others? Why allow other people to reverse engineer your strategy when you have dedicated years to perfect it? Then I do not think anyone that is a good trader is allowing themselves to be copied and newbies are only copying losing traders, and in that case it may be a better idea for them to trade on their own, as even if they lose money at least they will learn something out of it.

It happens because they don't want to learn to understand trading patterns and strategies correctly, so they decide to choose a fast pattern to make a profit and when they get a loss on a trade they say it's a fraud or something like that. For people who have experience adjusting copy trading options is not that much of a problem because they have the knowledge to change the strategy if it doesn't suit the trading journey.

The problem is how beginners can adjust the strategy if the trip doesn't match the copy trading because trading doesn't always work according to the same strategy. The mindset of making quick profits is one of the reasons why beginners choose this strategy and they will get nothing for doing it.

I guess that is because they are still new and they lack knowledge yet. I know it's best to learn first on their own but what if they are lazy and they think it takes time for them to master it? So in order to skip that hassle, they will just copy someone else trade.

If the results favor them, I'm afraid they will keep doing the activity continuously or until they feel that they are not profitable anymore but if I were them, I wouldn't wait for that moment. I will try to learn in advance so that I will have a back-up and I can continue being profitable. I can also try to trade on my own along with my copy trading and see if that improves my earning potential.

Whether it’s trading or any other task, if you blindly follow it, then definitely you won’t know the inside depth of that work. Yes you can make good profits from it, but a time will come when you have to trade by yourself and you will fail. As whole trading journey you did copy trading, hence it won’t enhance your actual profit making skills. Copy trading is good for the initial days as beginner. Moreover copy trade only to match the trades and assumptions that you make for the coins. Rest is upto you, how you choose to go ahead with copy trading.

It depends. Some beginners are already wise and knowledgeable enough not to follow random traders but they really make sure to make an intensive research first on which traders to follow. Remember, their money is at high risk so if they follow traders who were never successful in the first place, then it’s like putting their trades into suicidal.

However, I believe most of the traders are only greedy but they were never capable enough to trade. That’s why they start to rely on copy trading expecting to gain profits instantly, not knowing that they were lured by those traders pretending to be professionals but in reality they’re not even traders in the first place. So the risk involved in copy trading is much even higher than to trade all by yourself and learn the basics with consistent trading.

I think "if it's working" is the difficult part. You can do whatever you want to do and if it's working that's going to be fine. However, the question here would be if it's working or not. I think if you are a newbie and you start copy trading, and it works, then you keep doing that and there is nothing wrong with that.

But if you are a newbie and ask me if you should, I would say don't do that because odds are you are going to see someone who is looking good but going to end up being bad, or you are not going to do it properly and that's why it's going to end up being a problem. Just focus on what you can do, and you will be doing fine in the end, it should help you overall without an issue if you learn yourself.

As far as I know, copy trading does not have the assurance that it will give you a good income. That's why sometimes it's often seen that influencers who have a lot of followers are promoting it and they say in their ads on Facebook and YouTube that they are making a lot of money effortlessly from copy trading, which, in fact the income they say is from their referral bonus not really from their copy trade.

That's why they still do a bit of deception, because they are paid and don't care if their followers who believe in them earn money. So self-trade is still better than AI.

They recognize Bitcoin's potential, but they don't want to make the sacrifice of learning. They don't seem to care about anything else all they seem interested in is making money, oblivious to the fact that this involves a process that cannot be ignored if knowledge is avoided, then they should be prepared to lose their money. it now looks as if what the majority are interested in now is to make fast money, Everyone becomes interested when they find that Bitcoin has a big profit margin, and they don't want to pay the price by forgoing education. the best advice they should still to knowledge before profit.

I think the risk was even doubled if you trade through copy trading, why? Because you are trading following uncertain people’s  trades, in which you can’t be sure if it’s really working or not, if it’s done by a veteran trader or just a beginner trader too in reality. That’s my point of view about copy trading, the reason why until now I didn’t have the confidence to trade using copy trading, regardless if the amount is only small. The fact that it’s my hard-earned money, then I should always trade following what I think is right and what I think is reliable.

Copy trading will just make newcomers lazy to learn trading by themselves since they will only keep copying blindly anyone that is being followed by many. Doing this is very dangerous since not all traders that allow copy with their portfolios has a 100 win rate.

Copy trading is only good if the who is copying it knew exactly what he is copying instead of following trades blindly and just follow the flow without giving personal inputs on the trade.

Copy trading is not really a bad idea to make money. I can say that it is a smart way to eaen only if you understand what you are doing. A total newbie might lose money in copy trading but someone who has the idea of trading will know the most realistic trade to copy. A good trader will under when the trade is going against whom he is copying and try to make deviations, but this cannot be said about a novice trader who only depends on the copy trade to earn.

Again, if a newbie starts with copy trading and begin to make money, they may never return to learn the real trading and that's a big disadvantage.

With a 99% probability, sooner or later you will lose your deposit. Since unlike a leading trader who uses leverage equal to one, you will constantly overcharge the risks by choosing a high leverage. And if the price moves contrary to your expectations, your position will be liquidated by the exchange.

We cant really be able to drawn out some conclusions whether its working or not because just like you do said that outcome would really vary because we know that market conditions arent something that would really be that predictable on which means that whether you do make use of those preset up trading bots or would really be following someone then results would really be neither positive or negative. The important thing on here is that its really that something good if that newbie do able to make learn something despite on having that automated kind of trading on which whether they would be going for copy trades or using up some bot. The only that or which its important that you do really make that kind of progress but on the time that you would be finding yourself that totally relying on these things then you wont really be that making yourself that eventually learn on whats trading at all. On the time that you would go solo flight with trading then you would definitely struggle out because you hadn't able to make yourself that learn in the first place.
This is why if you are an actual noob then its better to start up with manual trading on which you could really make yourself that able to learn up trading on your own hands on which on the time that you do engage
with it for long then you would really be making yourself way more better.

Your first thing as a trader is to device a strategy from your own mind, as it will help you grow in the long run. If you just rely on signals or copying others strategy then you are deemed to lose your money in the long run.
Copy trade work only when you put your own effort also along with it. The strategy that worked for someone does not necessarily work for you. This is something you need to be careful about.

For me, it has always been best when any kind of newbie in any new environment takes at least 3months to carefully study up on the subject of interest before trying to use a hack or should I say shortcut to by-pass the basics.
Copy trading is genius in its idea and it has helped those of us who have tried applying it, to know that trading is doable and learnable, just like every other skill one would pay to learn or from YouTube classes.
Copy trading is a viable option, but not particularly a good idea for newbies without any of the basic knowledge or even the slightest interest in heart.

^ I think trusting your own experience and skills in trading is very important for long-term success. While copy trading may seem appealing and can be a useful learning tool for some but it is not suitable for everyone. As you have said, each trader has their own unique way of doing trading, risk level, and trading style, which may be a good sign with those of the professional traders being copied.
Relying on copy trading can create a false sense of security, as success in trading depends on various factors, including market conditions and individual decision-making. Simply following the trades of others without understanding the underlying strategies and market dynamics may lead to unfavorable outcomes.

As much as I find your points convincing, they are not showcasing true definition in true life experience, because I don't understand what is Time-saving in copy trading when you can literally do your own set up, not doing your set up will make you even lazier without knowing full understanding of what you are doing and what is the learning opportunity you disuss over there, it doesn't show to me that you will every learn anything from copy other traders trades, you will only get to see loss/profits but most cases, its is losses because you chosed to do the short cut.

Furthermore, I'm yet to see if this copy trading will be useful right now as I was just scrolling in Binance exchange to see if the traders offering copy trading has been making profits, I checked into their portfolio and I couldn't find anything tangible, their ROI has been negative which means they are not making profits. If professional traders are making loss in this bear market, then I believe copy trading is a waste of time and capital.

there is a saying 'when you copy what professionals do then at least you will have skills that are close to theirs', so that's the conclusion for beginners it's okay to try copytrading but keep in mind that don't depend heavily on it, you will definitely  will be addicted when you are proficient in using copytrading, this is what you should avoid.  in trading nothing is perfect and solving every problem perfectly, there must be shortcomings that traders do, so for beginners it is highly recommended when using copy trading, keep learning basic trading and other trading support things.

Yes, copy trading may be effective in seeking for profits but only for those who are willing to take the risk and know exactly those risks involved. However, for beginners in trading, I cannot guarantee that they can manage properly the risk in copy trading, especially that they have less experience as traders and are not completely aware on how to make money in trading, most particularly on how copy trading works and become profitable. But I must say copy trading is a great way to make money, it’s just that the risks involved are not applicable for beginners.

Well, I don't really see anything wrong in copy-trading because I know that it can be something good but as long as the person copying someone else's trades either manually or on a platform that allows them to do so automatically after setting the parameters has some knowledge of the market and trading practices themselves because you can't be simply copying someone's trades but have absolutely no knowledge about trading and the market or the coins being traded.

So even if a newbie wants to do copy-trading since they have a trader under their radar that has good results, they should first learn about trading and the market themselves so that they can manage things in a proper way even if the copy-trading thing doesn't work out, they can do trading manually without copying anyone in the future.

When people say something like that they actually mean going through the trouble of learning why experts do what they do and then try to make their knowledge and their skills your own, copy trading is just a cheap imitation of this process and it will never work as intended.

As do you think that a world class trader will allow themselves to be copied for a single second? If you want to have the privilege of your money following their strategy then you have no other option but to hire their services, which are not cheap, and you need to have a massive amount of money just to have a chance to hire them, as there are countless people which would like for the privilege of their money being managed by them.

But still, you'll need to have a lot of capital compared to self-trading because that is really their requirement. Also, you'll need to find a reliable trader who will give you profit, but again, the problem is that you won't develop skills. Trading is a skill, meaning you can bring it wherever you are going and do it on your own, but if you are just doing it to copy trade, you won't learn anything. It is some sort of lazy stuff, but again, your money works on it and it saves you time.

Moreover, if we are talking about a successful trader who can earn a lot of money, then what is the point of him sharing his knowledge with anyone else? My opinion is that trading is taught by those who have not been able to achieve great results in trading, but at the same time they believe that they have quite a lot of knowledge in technical analysis.

Thus, for them, it becomes the realization of their knowledge, they simply teach beginners what they know themselves, but the result in trading will still depend on the beginner, because in the end he will have to analyze and make decisions himself.

Copy trading is also not something to strive for, what will it give a beginner in the future? No personal practice and understanding of the market, at best, a few successful copied trades and that's it. And when you have to trade yourself, then everything will be different, you need to make decisions, this is a completely different matter.

If you can never find a mentor, then copy trading is the best thing to do. In fact, we need the experience to gain more learning, and having this strategy would help us gain ideas as well. Of course, we can just stay long from doing this, as at the moment that we have ideas already we can make our own strategy applying those things that we have learned from copy trading. Because for me, I consider this as a stepping stone to grow and improve our skills.

Learning is expensive and so if we wanted to acquire this (learning), then we also have to spend some money in exchange for that valuable things.

That's true, no newbie learn something from the veteran and be able to do the exactly the same thing and learn it easily enough that they will be starting to make a lot of profit. Everyone puts their own little twist on things and they make mistakes and they learn from their mistakes and become better eventually as well. That's how it has been so far and I am guessing that's how it is going to be in the future as well.

That's not what I think will be the situation for a long time but as long as you let it be like that then we are going to get newbies who will start at a good level, and be better with more losses they have because they will learn from their mistakes. The ones who do not, will end up giving up or losing even more.

It can be appealing but it will never be sustainable for long term usage most especially for beginners who have less or no significant experiences in trading. While it can be effective and profitable for experienced and long time traders, but it will be a different story when beginners try to rely on copy trading.

Copy trading can be hassle free as it saves time from its users. But if only you were not copy trading from fake and inexperienced traders. Otherwise, you will end up losing because you fail to follow the right traders, but instead fall on the trap of unsuccessful traders.

The way it works might be easy to understand, but I don't think I would suggest beginners rely entirely on it this way.
The best advice for a beginner is to study and do a lot of research so he can have his own knowledge and experience on trading. Depending on the top trader's strategy can be profitable or even detrimental, but that is only a selection of some of the ways the industry attracts users.

I prefer it if a beginner trades at his own pace. They don't have to be greedy and just want to profit through other people's trading strategies, but I don't blame their desire if they have considered it wisely.

Obviously, you have not tried copy trading yourself, otherwise you would know that you would lose anyway, regardless of which trader you choose to copy. This is due to the fact that leading traders always trade with a margin equal to one, while they open an order for a minimum amount, which allows them to hold a losing position for a very long time. And in the end, they close their order with a profit, while those who copied it have long been liquidated by the exchange.

well in this case when you are exactly copying their activities 1:1 then I guess it doesn't require skill close to that of the professional traders.
but the thing is that i'm sure there is a way for these so called professional traders that open up their copy trading services to somewhat take advantage of the capital of those that followed them.
i still don't have the idea how, but i think this copy trading is not all rainbow.
there must be some underlying motives that could somehow make the followers incur losses when the professional traders are profiting off of them.

Copy trading is indeed only suitable as a lesson and not as a guide in the long term. And it's true that we also shouldn't be careless in choosing copy trading. We have to know which traders are reliable and we have to research them well. But for beginners, they can even be careless in choosing.

Copy trading can sometimes make us learn trading as if guided by a mentor. Or like we have a mentor. It's just that we have to follow the right trader in this case. And only use small capital for the first time to start trading. If we look at the advertisements of traders who are successful in trading then we will see that trading looks like it is very easy. But when put into practice it is not as easy as we think.

A book written by a successful a trader is way better in my opinion as you will actually learn something from it, as those that use copy trading are just imitating what other traders are doing without knowing why.

And someone which could reverse engineer why such trader is doing what they are doing based on their actions is probably someone which does not need to copy trade since they could have developed their own strategy anyway, as reverse engineering anything is always harder than forward engineering.

I think copy trading is good and you can easily do it but it prevents you from learning trading on your own experience. It is best if you can learn trading from your experience, but when you are trading with the help of second party then it can definitely hinder you at times. No matter how good copy trading is it doesn't work from your knowledge and experience so I don't like this copy trading. If I can gain good knowledge about trading from my research then it will be happy and good for me and I can move forward from here in future. So if you want to know about the basics of trading and learn to research from below then you can get good education about training and gain experience. And if you can research the basics of trading then copy trading will become easier and better understood for you.

In my opinion, it's a great tool that can help you but it won't replace your skills and knowledge. It's just an additional source you can use but not rely on it completely

I think having a mentor is not that bad, it is also a good measure to reduce risk if someone is seriously guided, I don't even think you will enjoy crypto without learning and easier mentorship, you keep learning new things every day as far as crypto is known there is an upgrade and etc. I don't personally believe that copy trading is too risky for me, I prefer you use copy trading to get ideas rather than going into it without knowledge, after learning one-two you can actually know the right steps to take, crypto involves too many processes so one wrong step can actually make you lose your assets

Whether it's risky or not depends on how and who you use and who you follow for copy trading.
It's not always bad, it's like copying someone's spreadsheet or trading strategy and you just need to put up the money needed to execute it.

Profit sharing on copy trading is also set by the platform that provides copy trading.
I myself used copy trading several times and got some profits, but there were moments when there were losses that I got when the market suddenly crashed.
They also set a stop loss so that losses can be cut right away.

Just like you, using copy trading is not for main trading but is used to see how a professional trades and what strategies they make, so that we can observe and learn from these strategies.
As well as doing financial management needs to be done because it is a strong foundation for the resilience of the capital we have to trade.

when you opt for this route, don't expect that what the trader achieved so far, will be your achievement as well. it may not be bad at all if you will follow them at the beginning, but you should have  long-term goals, which is to be independent and have your own insights towards the trading market.

Actually, I don't really rely on them as copy-trading mentors.
And as I said, the copy trading I use is just to see how a professional trader with a large following sets up his strategy so that I can judge and see how he works.

Trading independently is the most recommended, because we will learn how to read the market with technical analysis, pay attention to the market from a fundamental point of view, and do risk management and money management.

My long-term goal is to continue learning and holding what I need to hold, such as holding Bitcoin for the long term.
As well as learning how the crypto market works. Not just relying on others.

Yes, trading independently would require that the trader work hard and make effort while copy trading on the other hand is similar to following shortcuts and no efforts. In fact what I advice beginners is that they should stay away from not just copy trading but also from trading signals.

Because nine out of ten times, you can be guaranteed that the copy and trading signals you received have already been acted upon and they who are the early birds have already gotten the ideal entry. The worse of it is that you end up learning nothing for yourself. You can't even say you are a trader because copy traders do not trade.

Yup, trading signals seem to be of interest to beginners at the moment.
Just look at how many trading signal groups for crypto-only give buy and sell numbers without informing the chart so that as a beginner you don't understand why these numbers can occur.

Most of what happens is just manipulation so that many beginners enter at the recommended price so that the signal maker can sell higher.
There are many fraudulent practices like trading signals and that is just one of them.

Instead of believing in trading signals, it's better to hone your technical and fundamental analysis skills by trading manually.
Use basic knowledge and learn, it will be better. Nothing is easy, everything starts from scratch and it takes process.

I remember an influencer who recommended a good trader for copy trading and was using Bitget or Bybit and even the trader was doing great during those days. He made around 500% in a month only and was becoming popular, so lots of people started copying his trades. His strategy was aggressive and due to that, whenever he saw a loss incoming, he didn't close it but open a new position in the same direction. Due to this, he made everyone lose almost everything as all his trades got liquidated and he went from +500% to -100% in just a week later.

Copy trading is riskier than you think, and I believe that why trade on others' knowledge when you can also do that? At least you won't regret that you would have traded yourself, but you copied someone else and you suffered from their trading decisions.

Not every time copy trading works well, especially for newbies. I think a newbie needs to use the strategy that is suitable for them, not following the popular trading strategy. Although the newbies can take the risks, but the copy trading may not work well if the newbies only follow it without good understanding of the trading strategy.

Indeed. No guarantee that copy trading will be suitable for newbies, even it may be not suitable for experienced traders as well. For me, the best way to trade is by using our own way, using the trading strategy that is proven to be effective with our trading nature. IMHO, copy trading isn't only about the risks but it is about how well it suits our trading style.

No guarantee, but there are always open opportunities if the timing is right. I think copy trading for newbie adds up more pressure as
newbie doesn't have any idea if it's the first time they deal with the business.

Not a guarantee as those experienced traders that they are following can handle pressure when
dump happen while newbie will panic and be unable to hold and sell the asset because of fear of
losing their money.

This is why it's risky to copy trade, you'll never know what's in the mind of the person that you're copy trading. Much better to lose it in your hands and you learn a valuable lesson. Whilst, there's still a valuable lesson on that experience that you've shared and that's not to trust traders on any platform that you're about to copy trade or much better don't copy trade. If you insist and still copy trades, just keep on track your wins and always take profit.

Agree. There's no other better person to trade for you and that's you. Get experience, learn the market, the charts and everything that circulates on trading. In the end, you'll still be the winner on this one.

It would be the opposite on which they wont really be feeling that kind of fear but rather they would really be that optimistic that they would become profitable on the time that they had set out that copy trading.Their hopes and positiveness is high just because this is the main thing that they do have in mind is that they had already set out something that brings out money but on the time that reality do kicks in then this is where realization will really be telling them that it isnt really just that enough on making yourself that relying with those copy trades which do came from other traders as well. We know that we are all speculators here on this market on which there's no assurance about being profitable in the end of the day and this is something that people should really be realizing because thats how reality works. If you arent really that really that mindful
or being that realistic then you would really be sticking on being that too positive despite on having that kind of reality.

Most of the newbies doesn't care about strategy because their main intention is to gain money. Maybe realization that they need to learn will came late when all things fall apart and the person where they copy their trades gone. Newbies should realize that there's no easy life on trading and they need to spend lots of time researching since if they base their trades to other people well they cannot learn something and remain a newbie in the industry.

I know that people do emphasise on copy trade but for me I don't think it's encouraging to be using copy trade  so therefore..it's good for you to learn and understand the basics things of trading before you venture into trading, learning of trading and understand it will give more confidence than copy trade, many newbies have venture into disadvantages of trading by following the steps of other traders as a reliable one, while trading is a skill which we can acquire and follow it consistently.

Most and they will only realize that knowledge is very important once they already suffer from big losses, just like what you mentioned after seeing that they lost the one that they just copy.

Sooner or later, if the person really wanted to succeed, they need to work it out and try learning
the right process and not just blindly follow whatever they think will be good for them in terms of the business or investment that they've taken.

I believe that copy trading is a bit pointless unless you are 100 percent sure that you want to trust a total stranger not to make losses more than profits. Personally, I would not trust anyone or anything other than myself to do my trading.

The best thing for a newbie to do is to practice with test coins on a testnet. There are even good testnets for derivatives trading, once you get the hang of spot trading.

Personally I prefer deribit testnet . But there are others.

Well, you have some point but as we are talkng about learning trading, something to say that we can gain some idea from that way. Of course, we can't keep reliant on this as we continue but for me, this serves as a stepping to stone. If we can't get more ideas from copy trading, well, at least we already have gain experience which can also be used as we continue our journey. Because being a newbie to trading doesn't mean we have to learn fast and profit fast. Being a newbie means we are just adopting the new environment and certainly, we lose money because whatever you do or any strategies, we still end up losing but at the same time we are also learning.

Many people are constantly doing copy trading and while doing this trading, they can understand themselves and gain good profit by adopting their own training strategies, but this happens to those who are interested in learning trading even though they are doing copy trading. But those whose intention is only to make some income by copy trading, they may be able to make some profit for a temporary period but cannot gain anything good. There are various types of paid channels where trading signals are provided which are very effective but spending time behind them and doing no research on your own will never lead to good trading knowledge.

There is probably nothing wrong with this, but it must be borne in mind that if a beginner starts trading using trading copies, then he will not develop himself, that is, he simply blindly follows you with the signals that are offered to him
For a beginner, it’s most likely worth first understanding the basics of trading, understanding what’s what, gaining the necessary experience, and then deciding which is better
But it is worth noting that the best way to understand whether a strategy is good or bad is to look at the result. If it makes you money, then it's good. If it works, then you can use it and at the same time gain experience and learn how to trade.

Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money. However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.

Making money in trading has never been easy even for top traders because the market is very unpredictable, all analysis is probabilistic, no guarantees. I have never heard anyone say that making money from trading is easy and easy.



In short, we will lose money even if we trade immediately when we receive a signal or trade later. So why should we waste our time and money joining those groups?

Whether we are new or old, if we want to make money by trading, we should research and learn everything by ourselves instead of depending on others. Because nobody has a crystal ball to know about the future, and it's all just predictions based on experience and knowledge, and these two things we can equip ourselves with.

Copy trading can be interesting but expect other outcomes, its not your strategy,not your effort, so you can copy trade and geta good outcomes otherwise  possibilities bad outcomes. Your probability of making profit in a scale of 5 is 2/5 but if you know how to trade your self . Atleast  you  could copy trade and still edit that particular trade making it two heads in a trade . I will just advice to learn first before starting any form of trading and remember  when you lose money then the real definition of you becoming a good trader begins you either continue to learn from your mistakes  or blackout  ,actually I won't want you doing that  ;D

However, without the knowledge of training, it is never possible to make a profit, especially those who are new can never acquire good skills about trading. But it is true that in order to make money a person must have a special knowledge of the market to be able to profit successfully. Moreover, there are many channels that give signals about trading, if you follow them, you can profit, but you have to follow them at the right time, otherwise it is not possible to make a profit. Trading must be done carefully or face losses. And I think that if you want to trade, you should do it with your own skills, but you can earn by trading at any moment.

Some individual who want to be trading can make money from copying trading but this set of individual should not forget that they won't be gaining any knowledge from copy trading and they also can't read charts to understand the market and interpret how the market will be moving when they stop getting the signals or it turns out to be wrong signals in the future. They'll be left with nothing and that's why depending on signal trading is not good for a trader.

It's better you use the time today to learn how to trade by yourself and be able to interpret the chat's as it helps you to learn from your mistakes when you don't get the interpretation correctly and it adds to your knowledge and improves your chances of been a professional.

I can't agree with you. without trading skill it is possible to get profit by following trading signal. in this case he/she only need to know how to buy and sell crypto. no required any others knowledge. but if anyone want to trade by there own strategy and own research the he need a high trading skill and previous good experience. But since we are talking about copy trading here, I don't think it requires any high trading skills

If leaning with copy trading and nothing else, if by luck he might earn if the trader that he's copying will perform, the problem is there's always high volatility.

If the trader he's copying change their position, the one who's copying who doesn't have any knowledge
will surely lose as they can't change in time, possibly that the position will be burned and losing the investment
is not by far.

Copy trading is an attractive method for beginners as it enables them to replicate the trades of experienced traders. The popularity of copy trading in the crypto industry indicates its acceptance. However, its effectiveness for newcomers depends on various factors, including the skills of the traders being emulated and market volatility. While it can offer learning opportunities, beginners should still conduct research and comprehend the trading risks.

I am speaking from my personal opinion...
Copy trading can be tempting for newcomers, but it comes with risks. While it allows you to mimic experienced traders' moves, it doesn't guarantee success. Crypto markets are volatile, and blindly following others could lead to losses.
I think, Newcomers should focus on learning and developing their trading skills.

If you know how to trade, why would you trust any random individual on the internet to give you a correct signal when you can analyze the market with your own knowledge and make profits and also have the opportunity to learn from the trade since you did the prediction. Copy trading makes you lazy and when you're lazy you won't want to work which is why most traders that have been participating in copy trading find it difficult to quit because they have become lazy to analyze the market.

Copy trading can't give you the knowledge you need to become an expert trader. Copy trading can give you money but soon you would know that the money isn't everything as you can't compete with your follow traders as you lack the knowledge and experience they have.

When someone copy trades he is copying someone else's trading exactly and applying it without doing his own research.  So he will never know the probability of success of his trade so if he trades with big amount without predicting anything then he will face loss.  So it is foolish to put complete trust in copy trading.  And those who do not have trading knowledge should not do copy trading. this can lead to huge financial losses without anyone knowing.

Exactly better to focus on doing your own research and study before taking this business,

It's easy just to follow someone's way of trading and this kind of feature is already available online, just completely copy
someone's interpretation of the market and wait if that assessment will bring you or will let you earn from this business,
chances of success are slim if you don't have your own understanding since there are changes that you may encounter along
the way, without proper knowledge, you are doing your trade the same way with gambling.

Copy trading should never be done by beginners. Ignore any YouTube influencers who urge new traders to mimic their trades because they are able to generate $1,000 or more per month from trading. They are merely endorsing sponsored and affiliate trading links to further their own interests. And most of these guys aren't experienced traders.

The majority of the comments I have seen on this topic have all reiterated the same advice for beginners: don't copy someone else's trade. Time, money, and knowledge are all being wasted by doing so.

its not a bad idea at least if the source is a consistent profit maker, but you cant just depend on that for long. so if you start with copy trading as a newbie just to sustain yourself and pay bills and then learn how to be independent on yourself by learning how to trade yourself which will make you earn more and learn more. it is more better to be an independent trader than to rely on another person.