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Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
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I have a very small copy-trading portfolio on eToro just for fun, and I really don't expect to make a significant amount of money. In fact, I expect the traders I copy to totally mess it up at some point.

Think about it — if I was a totally successful trader, I'd take advantqage of my strategies on my own and make money myself.

maybe some of us already did it , so far i know bybit exchange provide copy trading feature. trading history from signal owner must proven profitable for atleast 6 months. i know one of vip trading signal that provide their copy trade for member and so far the result good enough, but i am not join on them. in copy trade we must concern on how they open , is it based on real analisys or only gambling so their position have bigger profit rate. dont ever join to traders that have win rate below 50% , our money will easily lose here.

in forex market alot copy trade provided in each brokers, alot benefit using feature especially for beginer traders that want learn and also earn money in same time. many expert open copy trade with various money management and also strategy so we have alot option to follow one of them. although copying trade someone, we must learning how to trade so in future we will not depend on this feature.

My advice never use it. The experience of my friend who uses copytrade, In the early days of copytrading my friend experienced a growing portfolio, but after a few trades, due to market movements that were not in line with what the main trader was doing, my friend suffered a considerable loss due to the risk management of the trader main ones that don't use stop losses.

Even if there is profit, we have to share the profits with the traders we copy.



As you said, if you are an expert/profesional in trading, you is someone who will focus on himself, and will trade on his own and tends to be closed and does not want other people to follow your strategy and way of playing, because that is a big responsibility.

To be successful in trading of cryptocurrency or trading with forex trading you to understand the risk measure between cryptocurrency trading and forex Trading, so the important thing that makes someone to be prosper into cryptocurrency trading is not to be greedy, because to be greediness is what contribute almost eighteen percent of been at lost in Trading, at a point you made profit don't hesitate to not going off to the market, so waiting to have surplus profit makes people to adventure into negative aspect of trading.

You only need to think a little bit to know this is not a good option, if you have a successful strategy that you have developed on your own will you share that with everyone for no cost at all? What if one of the persons which is copying your trades is then able to realize how are you making your money and then tells to more people making your strategy way less effective? The risks are simply too high with no benefits, so most of those that allow themselves to be copied do not really have a reliable strategy at all.

It isn't best for sure but it has a good side to it. If you are new to trading copy trading will help you learn a lot faster then learning alone and losing money in the process.

maybe if you are new to this trading, you can try using this copy trading method so you are just grasping what's going on. but later on, once you are comfortable with your trading moves, you can now do it on your own. because these traders won't share their strategies if they know that their every move is right on target. they are also human, subject to committing mistakes also.

I wont really be tending out to let other people to benefit on the thing i do give out some hard work just for some penny amount subscription or something like that. Doesnt really make any sense honestly.

Noobs would usually having the impression that they could make out good money without doing hardwork via these copy trades but its true that traders would mess up on some point.
So its better not to rely yourself with these people and would be more worth if you do lost money with your own analysis rather than with others.

There is a company that promotes copy trading and rename it "social trading" basically. They turned it into a situation where it is like social media where people have accounts and they share their trades automatically there, not like they can be about it because its connected via API so anytime they make any trade, you see it instantly.

This means that you get to see who is a great trader and there is a leaderbaord where you can see the best ones daily, weekly, monthly and even yearly. Which results with people following the best ones and that is a great way of doing it. If you want to do copy trading in a place like that, it would work, if you do it just to your coursing or something, it probably won't.

OP, you don't need to copy trade. Every successful trader work for it and dig it from their own research and hardwork. So no one would even care to give it to you just as easy as that. If you can have one, great, but i don't think it will work for you the whole time. Every trader has its own working strategy that will only fit for him, and not for others. Trade on your own and eventually, with a lot of experience gained, you will develop the one that will work for you, and maybe by that time, you will be more successful and profitable than the one you intend to copy trade.

I think I've tried it before with a platform that allows this feature.

It's not worth it.

Their small loss, you might lose big because you'll never know that whenever you copy someone's trade, there could be a fee that goes to the person you copy.

That's just one reason and you have to look at the factor that you need to rely on yourself rather than relying with the others.

It should be understood that the trader will exactly repeat the mistakes of his opponent. I would still advise you to count on yourself.

If you are ready to trust an unfamiliar trader with your finances, then you can try to allocate a small part of your deposit for Copy Trading in order to test this function yourself. In this case, you will have to make the settings yourself so that in the case of a trader's setback transaction, it does not lead to the liquidation of your deposit.

This is just the disadvantage of copy trading because if the main trader falls every other person that is following goes down too and this keeps happening. Trading is not easy and very few traders make profit from it so I won't follow copy trading since profit isn't guarantee for profit. I would instead try to learn gradually by myself to master one or two ways to make little profit.

Copy trading is not for a beginner and who can't afford to lose too much of their capital because basically we are going to copy someone who is very successful already and expect the things to be repeated but the thing is he already made money so he can take risk and lose money but for you it can end up in vain.

Its actually one of the main considerations of most newbies since they do love to engage on the very easy way as possible which is very common but there are still experienced ones who do really consider

out on touching up copy trading but of course it is less likely.Only new to this trading or market would really be having that kind of choice because its the most simpliest way.You do just follow
on someone trade or copying and you arent doing something.

Who doesnt really like to be that way? Well, once you do realize on how reality works then you would start to changed up.

I've done it for several trades, but it's really hard when we don't master what we implement with other people's trades. I didn't really get that much benefit so decided not to use it until now. Manual trading may indeed be difficult, it's just that we can learn more to find out which trading methods are suitable from time to time.

Well, not to be greedy, but if we have good strategies that are making us profitable, then there's no reason that others should be the one taking advantage from it. We should always be the first and only one to benefit from it. So come to think of it, why do some traders are just giving away their own strategies to others? Maybe because its not working anymore for them and they can't benefit from it.

Well, I don’t really know much about it, but I do know little about copy reading to an extent. I know about some platforms such as eToro and others that allows traders to make a copy trading.From what I know, you only pay for the fees to the trader you are copying when the trade is successful, I do not think that you will have to pay for any fees if the trade happens to be a loss.

Although I am not 100% sure about this because I don’t do copy trading so I wouldn’t be able to tell you exactly what is involved in it. And moreover if you choose to rely on yourself in trading, and you happen not to have the skills, it’s still going to be a waste of time for you.

Very on point explanation.

Copy trading is not totally profitable, because the market will be always unpredictable. Traders that you're going to copy will not be always gonna have a winner technical analysis, that's why we're talking about 40:60 of chances, in my opinion. It is also hard to find traders that will let you copy their original trade, because just like what you've said, they will never gonna share their strategies of making money.

This is to say that just few traders are making profit in the market. Those making profit will not activate the copy trade because they are making profit and don't need extra money from you in the form of commission for using their trade. They can make much more money from the trade that they enter than the little commission from copy trade. Therefore, those making copy trade may be using the commission to top up for their losses  ;D

I've done a bit, and it's literally just copying off of others' trading strategies. I used to try it out with eToro back then when I was just starting out, later on, realized that what I'm doing is rather dumb and would probably make me end up nowhere (just as how me trading myself would get me nowhere, so I went to investing instead). Well if you're happy with at least placing the blame on someone else and not on you since it isn't your strategy, then yea sure have a blast. But otherwise, I wouldn't really recommend it unless it's for experience only.

Copy trading should be something that a newbie should stay off, it's best to take your time in learning about trading fundamentals than to copy trade, lots of those people out there giving signals mostly don't trade their signal they seldomly trade it, the chances of loosing in copy trading is very high, majority of those call channels are gambling few of them knows how to draw TA chart

I am not sure about it as well.

About the fees, I can't remember if it's just for the successful trades that the person you copy or you'll pay it entirely the time it starts you copy trades from him.

Regardless of that, you'll never know how it will impact to you but as far as I know, many don't like this feature after experiencing it from the others.

I wonder why they came in this market to trade and yet they don’t want to put extra effort on learning things. Having your own knowledge in trading is still the best option, I don’t recommend copy trading for a newbie especially didn’t encourage them to put big money on that option. TA works, it can be more effective if you have that strategy.

You can try on Etoro.

Here's some good read about their copy trade.
https://tradeveda.com/is-etoro-copy-trading-worth-it/#:~:text=eToro%20claims%20that%20the%20average,platform%20and%20copy%20their%20trades.

. eToro claims that the average yearly profit of most copy traders is more than 83%. eToro CopyTrader™ allows you to choose a top trader on the eToro trading platform and copy their trades.

Sounds good right? but dont expect or anticipate that it would be good all the time.

This is the first time I encounter someone who did a copy-trading feature in ETORO.

Out of curiosity, can you disclose how much need to activate or subscribe to that feature? Before I think it has a cost but after checking their current terms, everyone can now use the copy feature by default and all they need to do is to have the minimum amount of $200 ready in the account.

How's your profit after a month? Just like to see some example results average. :) Thank you.

I did make use of copy-trading as a newbie, of course, it was good as you are still learning and gaining some ideas but this is not even effective, you are making yourself a copy to someone else and if he fails, you also fail. There is no perfect strategy in trading and so this copy-trading is not the best option if we wanted to improve and become successful. Building our own is way better and must be endured rather than relying on others. This is also a way of helping ourselves be comfortable and create confidence to face risky and hard decisions.

The problem is what type of trader will allow himself to be copied by someone else and risk their strategy to be revealed? And the truth is that very few traders that are making money in the markets will like to be part of something like that, which means that those that are allowing themselves to be copied do not really know the value of their strategies or do not mind that someone else is copying them because they are not making money anyway with their strategy.

When it comes to copy trading , you are not the one who is making the trade, therefore the success of your trading doesn’t rely on you, rather it relies on the trader who you are copying.

When you want to do copy trading, the platform that you have decided to choose will display the list of professional traders that they have on their platform and it would show their trading chart and the rest of their success over the years, through this chart you will be able to know which of them that you would select and start copying their grade. Is good to select those who has a high success rate, that way you’d know that you are more likely to make winning trades from the market.

I think it's the best to copy different trading strategies from different professional traders. In that way you can change your strategy according to the market situation or how profitable someone's strategy or take some of their ideas and make your own by combining their different strategies. Choose what's best and winning trades that suits your style since not everyone would think like that but if you are good at finding these strategies you will likely going to earn more profit.

Certainly the worst case, copying some unprofitable strategies that will only bring more losses on your part. Its always better to develop your own thing, the strategy that you think will perfectly work on you. Well, there's no really wrong from copy trading, but just prepare yourself for some losses than gains as most likely, other traders are sharing it to you because they are not benefiting from it already.

And losing that way would really be creating that regrettable feeling because you would be thinking that it would be much better that you do lose on your own way or analysis rather than on losing when you are just following on someone which you would really be having that unjustifiable kind of feeling.

There are still copy trade platforms which you could really make use of but its not really recommended and its much better if you do really trade on your own and learn from it so that you could
really make your own trades without relying someone.

Yes...I have made money from copy trading and loss money as well ,so many traders are really gambling with investor money,just don't be greedy when following especially on covesting copy trading

That was the case that copy-trading is not a good idea if we are building ourselves to have a better future. And these traders who allow being copied by someone will certainly don't mind as they know they are not working well. And besides, I don't believe those influencers who want to help others and teach their strategy because successful traders will just share their experience, not their working strategies as they are too clever enough to hide secrets of their success.

Tried that with Gate.io since they have copy trading features though you need to pay for the fees for copying their trades and well it didn't work for me that's why I stayed away from it, it's still much better if you are going to handle you own trades so you know what's really happening in your trade.

some people may be suitable for copy trading but i never fit for it.  from my experience, when copying a trader's trading account, the capital we have must be the same as the trader's capital so that the profits we get are the same.  besides that, don't expect that the trader will always profit ^{(high expectations)} because of course the trader will have a time when he loses.

Some may have succeeded, but mostly are not. Copy trading is not really advisable since it will only make your trades fall into failures, and lose everything you have. The strategy that you want to copy may be working for others, but not for you. This is the reason why we have to develop our own since we differ in the way we trade, and the perspective we have in our mind. You may ask for others to ask for guidance in trading, but never to copy their trading strategies. 

Its certainly not a good option once and for all. If you are hoping to last longer in trading and be more profitable, then always trust yourself and do not rely for others for you to success. Trading is always hard as it is but if you put extra effort in it, and develop all what you can, then you can be more successful and more profitable than those you wish to copy their trading strategies. And always remember, trading strategies would not still work without mastery on it, so master your own strategy if you have.

You will become successful in copy paste trading unless if you know whose to follow and legit trader with high win rate, because if not it's like a gamble as well and can cause masive losses..

And  in copy paste trading sometimes there's no significant wins because even you follow a good traders there is still a chance of losing money, so be aware and just trade what you can't afford to lose.

Yes dude, I already had and the result is now I am carry the loss from then to now . Some time ago a friend of mine said that this coin will be huge pumped in the next few month, but the pump is far away and now its value has come down to the bottom. I would never suggest anyone make copy trading. I will suggest you to trade from your own analysis and create a strategy .

Copy Accessories are never good. So it cannot be said that copy trading will be good. So I would say trade with your own analysis without relying on others, then you can make a profit. By doing Copy-trading nobody can be a successful trader. Successful traders have their own strategies. When it comes to copy trading, I don't think you have to look for profit. There are very few instances where copy trading has made a profit.

Copy trading will be very dangerous if we don't know for sure the pilot, because many of them increase their rating by earning big profits so that this can attract potential followers. and as your experience, it does happen a lot, and unfortunately there is no responsibility, because all the risk is borne by the followers themselves. the most comfortable thing is to learn to trade on your own, and realize that it all requires a process

It is not really that ideal to start copy trading right away. The best way to do it would be to just watch it for a while. Copy trading means copying someone's trades right? How would you know if their trades are actually good?

The method is watching them, no matter where you found them, just keep on watching and taking notes as if you would have done the same trades, take notes on a notebook or something and see if you would have made some money if you followed them. If it looks good then start off with small amounts at first and then you can gradually increase it based on the profits you make, or maybe just keep the profits in and let them grow over time.

Have tried it once for fun but not worked well for me and so didn't give it much attention and always trade with your own mind and build up your strategies no matter how much time it will take because having person knowledge of the market is essential to survive long term and make profits here.

There is always risks involved in trading, so every trader should have that in mind. You can still do copy trading and be successful with it. As long as you’re able to find a good trader to copy, then you have more chances of being successful in the trade, but there can’t be success in trading all the time.

But, the account of the traders provides information such as how long they have been trading, and the level of success that they have achieved with closed orders. You even get to see the strategy they are using and you can analyse it yourself to know whether its good or not. If you take your time to find a good trader, then copy trading would definitely be worth it.

Nope, I haven't done that and don't think I will allow myself get into it. Apart from the fact that I like manual trading (I would rather take signal calls and implement myself than engage in copy trading), I've come to the conclusion that it's not worth it. Reason being that only a few of those traders are profitable at the end. Even those who are profitable among them sometimes get distracted due to overconfidence from their wins. They begin to lose once that happens. I once followed a dude from Facebook who mouthed how great he was doing on trades. He provides copywriting and signal services too. He displayed a few of them on short live streams and screenshots. I could say he was successful by the look of it but when I decided to follow him on telegram I discovered that his calls weren't that accurate. After a few failed signals he abandoned the group 😆

Learning from our mistakes is the way forward to improve almost any skill we may want, and trading is not an exception to this rule, however newbies and lazy people think they can skip this step and use the knowledge of someone else to make money for themselves, and even if there are money managers out there that share their knowledge with their clients and help them to make money, the few that can actually demonstrate they can make money in the markets charge a lot of money for their services and do not offer them for free as it is the case here.

The experience of my companion who utilizations duplicate exchange, In the beginning of duplicate exchanging my companion encountered a developing portfolio, yet after a couple of exchanges, because of market developments. since these merchants won't share their techniques assuming they realize that all their moves is accurate. they are additionally human, liable to committing botches moreover.

I have never used it, but my advice is not to use it. Really should avoid using bots, and copy trades. It just makes you fail and lose everything. Depending on others will make it impossible for you to stay in the market for long. Even though they're experts, that doesn't mean they're always right and don't fail. So develop yourself and make yourself a professional trader, will take a lot of time and effort but you will definitely get well-deserved rewards for your efforts.

I am not interested in copy trading. But I am interested in being someone who is used as a source of copy trading. Of course copy trading is not wrong but if you depend then it will be bad for you. Your technique probably won't evolve and you'll rely on copy trading sources.
To be honest technical analysis is to reduce losses, so you are right sometimes analysis can also be wrong. So relying on copy trading in full is not recommended.

Copy trading is like any other shortcut people try to take to make money in the markets, it simple does not work, if people want to come to this market and make money that is fine but they need to be willing to make the necessary sacrifices to achieve their goals, if they just want to come here and then earn a fortune by making no effort at all to learn how to trade then they are going to be severely disappointed by the results they will get if they try to trade while knowing nothing about the markets or by using something like copy trading to aid themselves.

Copy trading works, you just have to do it right and that is it. First thing you have to do when you start copy trading is to look for a reliable platform and after you have gotten a reliable platform (a few of them that I am going to mention are eToro, and Avatrade), the next thing is to look at the account of top performers and select who you’re going to be copying their trades.

When selecting who to copy their trades, you will have to look at their return and the level of activities on their account. The return rate is what shows the level of profit that they are able to make.

Yeah, eToro platforms does have that copy trading kind of system which you cant see on other platforms but
doesnt mean that you could fully rely on it.At least they do make out some reminders about the risk.
https://www.etoro.com/customer-service/copytrading-risks/

For sure majority of people who had been doing this will surely miss on reading up these things at least.

By copy trading your actually implying that, you actually get to place a trade (maybe a buy or a sell) order the same time that whom ever your copying is placing a trade...! If that be that, what then is the difference between, trading based on some self proclaimed traders signals or for those that belong to trading groups. I don't see any difference in those and that shit isn't fun. First, you get to be faced with the challenge of using the signals right and then, should the sign have a wait time before the profits would start coming, your balance gets to pay the price gor which, your more likely not going to have.
Not to mention that, the trade could go wrong and the signaler might get out pr have some reverse strategy perhaps another backup trade or even pattern that you don't hve nor know about. It doesn't work for me!

There are more losses than success when it comes to copy trading. Although there might be quite temporary gains, but trader should not rely on that. Instead , they should look for long term profits in trading. And that will only be possible if traders explore on their own strategies and find out which will work the most. One or two strategies may work for a good trader, but that won't still guarantee a life long winning of profits. There should always be a reserve when one strategy does not work anymore.

That is exactly what it means, some exchanges allow users to copy the trades other traders are making, and while newbies are attracted to something like this there is no doubt in my mind that this is a huge mistake, after all it is to be expected that the trade will take a time to be copied and if you are trading very short time frames that difference it takes for the trade to be copied can be the difference between winning and losing, besides now you are depending on a complete stranger in order to make money, which is simply not a good practice no matter how we look at it.

Giving up our capital for other people is definitely not good, especially for people we don't know. how not, we follow signals from other people and there is no responsibility for those signals, under the pretext it is a trading risk. for me it is better to analyze ourselves and correct our analysis, and of course we have to believe in ourselves, because doubts will arise if the analysis and signals from copy trading are different

My opinion about copy trading is a good idea. Because when you are interested in trading but have a very little knowledge about perfect trading tips then you can make profits by copy trading which is like following others.

Any trader who observe or experience lost doesn't like to repeat such mistake that leads to it down fall, the things that make that occurrence of such mistake always followed with precautions, look at it in other way round, it's that anyone who developed it's own experience of trading and undergoes much lost during the time of been novice in trading always detect it's bearers of it's trading..in case some people is not aware any self knowledge always stick to the memory..so it's acknowledgeable to know the rudiments of any trades on your own.

Some do leave immediately and some do really come back and much wiser the second time around which it would really be that common that you would really be that mindful in regarding with your next action.

Copy trading isnt bad as long you do know on how to make yourself learn so that on the time will come on which those traders would stop to trade or not really making profits then you do at least

able to make yourself solo and made out trades on your own without relying anyone.

It's good as a start. But if you run off on it for a long time, you'll never know what will be the impact of it. And I guess the crave that you should be making your own trade is going to be there. You'll get the idea from the traders that you're copying and what they're buying.
So that you'll make your own trades and doing research for the strategies that you should apply once you're no longer a follower of it. Nothing wrong with this and if you're successfully making money on it, why would you stop? But, I'm not a fan of this.

Usually copy trading would be a hands off experience for the newbies and beginners to start making money in cryptocurrency trading in a legit way. However, the result would depend on a lot of factors such as the movement of the market and the decision of the trader you copied whether he short or long it. There are no promises or guarantees in the results in copy trading, but if you are a newbie or beginner who doesn't know how to read charts and wanted to have some results, you can go with copy trading but only put an amount that you can afford to lose.

There are some people who use copy trading because it saves time and doesn't have to be difficult to learn. I can say that copy trading is a fast way to trade. However, this method can also have a great chance of success in trading. some copy trading platforms like Etoro and PrimeXBT are also great to use. but we also have to train skills for trading so as not to depend on that instant method.

Can you tell me how is a person that does not know anything about trading going to select which trader to follow if they do not know anything about trading? Besides someone that is very interested in learning how to trade will not remain ignorant of the realities of the market for long, after all now we have the internet, we have access to more information now than what previous generations had during their entire lives, so if someone really wants to learn how to trade they will have the basics mastered in just a few weeks and they will not need to copy any trader anymore.

Just common sense, they would really be finding into those rankings on whose trader is profitable and even if you do have zero knowledge in trading then it wouldnt really be that hard for you to make out some choices
and sticking into that person since you do know that he's best among others.Even if you are zero knowledge then you could make money but the question is, how long it would be?
Would you be relying into him until the very end of time and wont tend to learn up for yourself about particular things along the way? Well, thats really a very wrong idea.

Copy Trading is suitable for use by beginners but does not always use Copy Trading. if you are new to trading and while learning to trade well, you can use copy trading. if you are ready to lose by following other people's trading styles and decisions, you can continue to use copy trading. but it's not a good idea to be profitable in trading. it is better to rely on yourself by learning more about trading and practicing skills in trading.

At the first glance looks like less hassle with the copy trading I used etoro before and it is good too at the same time but the problem is we don't want to become a dependent trader because not all the time it will become profitable to the trader you follow with still at the end of the day its better you know how to make a trade at your own so you know the risk at  yourself and not to blame the copy trading.

Pretty fair. I also read and followed copy trading on the eToro itself. It did not convince me and neither I tried it since it felt too much at the time. I literally laughed on how they had portrayed different peeps on the marketing pages where you can select one of them and start copying.

The fun fact was, you had range from highly recommended to lowest recommended. Tell me why would they even keep that range and lowest performer? Looked way funny so ignored it and never tried.

Now I think the crypto market is very much mature where every trader wants to acquire proper knowledge and implement to the market strategy. Here if you just make copy trade some times it can give you profit but most of the time you can be fail to take the profit. So it is better to avoid such type of trading strategy.

But why would a trader that knows they can be profitable over the long term allow himself to be copied? We know that traders are very wary of revealing their strategy, and with good reason, as the moment their strategy leaks and the more people use it the more ineffective it becomes, so someone that allows himself to be copied risks revealing the strategy behind his profits, and no matter how much I think about it this seems like a bad idea.

True and then you will learn nothing and once you start to trade by yourself you will be confused as hell because you don't know what are you going to do in certain situations.
It's great if you do the copy trading just for side-stuff and not relying that much into this copy trading but sometime you have to learn how to trade by yourself if you want to actually make something in crypto trading.

Copy trading sometimes gives you profits but depends on who you are copying the trade from. Trades that are copied will strongly hits the target which it was set for. Imagine you copy someone like Chris Ani, the owner of Dapps TV, you will successfully hits target without challenges. Moreover, experience is the best teacher a trader should have. Copying trading may sometimes make you lose because those people you are copying their trading pattern from uses high leverage which will applied to you losing your capital. You can't compare those that use $10k to enter a single trade, to you that is using $400. First of all, your gains will be totally different and the risks involved may liquidate your future account.

If only relying on copy trading alone it will not make us grow and it is not good for ourselves,
for me learning to trade in their own way is mandatory because every trader has their own way,
not always copy trading is able to generate profits in accordance with our expectations and can also fail

It should be not, we don't need to be reliant always, we should also have to carry ourselves by our own decision and our strategies. It is quite good to start copy-trading in our early days but this can't be forever. Honestly, we are not really profitable if we are just using copy-trading and the chance of making ourselves lazy as possible.

As we wanted to grow and enhance our skills, it was most preferred to take the risk on our own. We are not just building ourselves to have confidence but in this way, we also make our mind works well.

I would go as far as to argue that copy trading is never a good thing regardless of your stage of development as a trader, and the reason for this is that in the case you were a newbie and then you got some small success while copy trading if the person you were copying leaves the exchange or stops allowing others to copy him then newbies will be tempted to look for another trader to copy instead of learning how to do this on their own, hindering their development in the process.

Even on the early days it is not great because we are talking about a situation where we are talking about newbies not learning how to trade and only trading what others trade and they have no idea why they are trading that. I believe that the best way to invest is not copying what others are doing, it could be copying "how" they trade and that way you will learn what they care about the most.

This isn't easy but if you learn that then you are going to be trading very well. Of course this isn't the only way to trade, but at the same time if you learn how they pick the coins, then you could pick anything yourself as well when you see that coin hitting those indicators.

At the moment I don't know how to operate in the market, I have never used something like copy-trading, but I would like to know if it is currently profitable? I have seen several promotions where some traders do so well that their lives have changed a lot, but of course I think it was also a kind of marketing for the exchange that was promoting it through an article, I don't know if this can somehow get through to be good, because they show a range of many traders who give their signals and one is free to choose them or not.

This would be good for you to look at.
https://www.youtube.com/watch?v=eLp9dBcRha8

Usually when it comes to copy trading then i do only have that in mind about eTORO on which most people do usually go into this place
aside from technically or basically copying other traders move manually which kinda hassle or not really that something precise.
Is it profitable? I havent tested out yet but there are feedbacks that it is but do you find yourself to be that dependent on it for a very long time?

^ I did not experience copy trading but as many people said as a trader is, copy trading is the safer way of newcomers in trading.
Because it will teach you and make you an experience in trading. But of course, don't rely on copy trading, just have your own research and study different strategies that you may use in trading. Copy-trading for me is just like a practice in trading hands-on while practicing to gain experience.
Etoro exchange platform has this kind of feature and I think they are the most recommended by the most traders.

People who made money from copy trading are the only people who are appears in the advertisements and sponsored influencers, but in real life they got profits but not the success in real life. We should never expect the success in our life comes from the effects of someone else, the rich people can take high risky moves and their one trade maybe good enough to bring few millions to them but this is not applies for an average trader who trades with hundreds.

That's how advertisement works. They need to make sure that they will create a quality content that will surely attract the people to use their service but I think most of us already know this, that ads are totally different from the real experience. If making money is easy as copying others' work then all of us will try it but this is bad because people will become lazy and will only depend on others.

They will not make an effort anymore to learn by themselves. Rich people can risk big and you think this is a good thing? Yes, maybe if the outcome is positive but what if they get unlucky and lose the money that they stake? They will also suffer a huge lose and it can be hard for them to accept it.

Even if the publicity was right and we could earn money through copy trading once enough people did this then those that were copying the trades of others will become unprofitable, we need to remember that for us to earn a dollar when we trade then someone else needs to lose a dollar, and not only that there is a spread and fees we need to pay which reduce the number of winners even further, so even if at some point this was a viable strategy it will eventually become ineffective anyway.

That's true, they can make money following them but still, the definition of success lies in the huge difference between yourself and the people that you copy trade.
It's not all of the time you'll be too reliant on them and then you'll just chill around. If that's what someone wants to do, he should have remained as a holder and that's way better than copy trading.

We'd see no improvement in ourselves if we keep asking for help from others instead, we must do it independently. We have to bear in mind that they are also just like us, if they know how to read the chart, and do TA and FA, I believe we can do it as well. It is just a matter of time, may see we can use copy-trading at first but never we keep this in the whole life. There is no true success if we just rely on them, we can see true success if we do it on our own.

all of that is something we can learn. since those who tell us we can do it, of course, we can certainly do the same. it all depends on our desire and interest to develop.
I learned some trading technicals from people in the community. Slowly I began to understand using several tools for analysis. I still have time to learn, and once I've mastered it there's certainly no reason not to do it myself. with self control.
but to be honest, I sometimes do copy trades with people I trust. who gave me the course. but that I do only when I'm busy and don't have much time for analysis. highly not recommended, but just for fun, I think it's ok.

Some tips to keep in mind while copy trading:

1. You should have basic trading knowledge.
2. You need to choose a reliable copy trading platform. Some good options include zulutrade, duplitrade, forex copier and b2broker.
3. Only copy trades from a trader whose trading style aligns with your requirements
4. Risk a small amount initially. Understand the process before trading with large capital.

It's not an easy life to keep on learning new stuff. I mean life is hard, earning money is tough, we are mostly poor people all around the world, there are a few rich people but majority of the world, 90% or more end up living either in poverty, or live paycheck to paycheck, only 10% of the world do not care how they can survive. This means that the desire to earn more and more end up being less.

This is why I believe that we should be caring about how we could get that motivation. It is not easy to have motivation to earn a lot of money by learning, many people want to earn it as quickly as possible but that is not possible and studying is a must.

if we do copy trades with people we know for sure, and can be trusted, then we can learn from the way he opens and closes transactions, so that if their way of analysis goes well as long as we follow them, we can use this as a learning reference. to become a better person. but indeed forever we cannot depend on copy trading, it is personal trading that can lead us to success

Theres a 50 - 50 chance of getting profit in copy trading, as the people you copy might trade with a wrong direction thus might put your investment into liquidation. I would suggest to invest also in trading knowledge, enroll with a good and risk free trading course.

Yes, for me it's really better if you are going to learn the tip and trade of crypto trading, sort of working your ass out, and in the end, it's going to be worth it if you are going to be successful.

Instead of just using copy trading (I never tried and never well), there are risk involved. And if ever you failed then you have nothing to blame but yourself. Copy trading will just make you lazy to be honest and will just rely on others, not good if you wanted to be in this game for long.

It seems to me that with this option there are quite a lot of risks that a trader may simply not get the result that he considers desirable as a result of the work.

Risk-free word doesnt really suit out on any investment because no matter how good you are on a particular state it wont really be still meaning of 0% risk which is totally impossible.
As for copy trades then it would really be having that divided chance whether you do end up on getting profitable or would be losing your investment or capital
with the decision or hands of others which do really sucks but if you are pursuing this kind of system of your investment then go ahead but its really wise
on learning also into the other side of things at least.

As long as copy-trading will work, that was fine but never do we think we keep our trading being like this. I understand that trading is not an easy job, many had suffered losses because of lack of knowledge and market experience that is why I used copy trading for me to learn, it can be sooner or later to leave this and make my own.

Maybe it was not an advisable thing but I do believe this could even help at least to gain experience and ideas on how this works.

There is no invest that is 100% risk free. Some people make good returns from copy trading when they have a real source whose strategies are working. However there used to be some drawbacks. One of which when you don't know the kind of strategy that someone you are copying has. Even if you are using a small lot size, you could end up blowing your account when more slots are opened more than your account could hold. Failure to follow every step may make you not to be successful in the end.
So, even when you are copy trading, you need some minute skills to manipulate the process.

That's alright, I like to copy trades of a few of my friends as well, specially one of them who stopped giving help because he caused some people to lose money once, and even though nobody said anything (because we profited a lot more thanks to him before) he ended up not giving anymore but loved following him up.

Overall, it is okay to copy someone's trades if you know them and followed them up and know what they are after or how they make a profit and if you can chat with them. This was my friend, so I literally hang out with him, and I know his intentions, he didn't mean anything bad each time he offered an "idea" basically and that's why it's cool to follow them up.

It should be understood that this will not give much experience. It is important to understand that this leads to the fact that the trader simply copies the trades of others and often simply does not think about how to do better.

most importantly we must be aware that if the trade suffers a loss, never blame the person you are copying.
people who do copy trades certainly have limitations and prefer to believe in other people who feel they understand better. as long as it's still profitable and we can still learn, I think using copy trade from other people is fine.

My husband is doing that kind of trading most of the time he is earning but you need to check first the chart how ut is going. It is important to learn more and not only trading and copying the position of other professional traders.

the best thing to do is to trade yourself. the only problem is that when we are beginners, we are still looking for a strategy that is suitable for our trading. by following copy trading, then we can learn how to trade them, but we also have to look for copy trades whose growth is healthy. and one more thing, don't let us use all the capital we have, because after all, our funds are managed by other people

Demo account is just good for practice and familiarizing technical tools and indicators but it wasnt really mean on enhancing your emotional and psychological aspects when it comes to decision making

which is something crucial when it comes to trading because having no involvement of real funds wont really be putting you into a mood on taking serious risk management since you do know that you cant lose something because those are just demo money unlike when you are using real funds then this is where real story starts and real experiences where lots of trials and errors
would be made.

Making yourself get involved with real market with real funds is something that you should really focus on.Yes, it wont be that easy but this is the only way
on making yourself improved.

For those who don't know how to buy a coin, how to sell, how to set stop loss, take profit, etc. Demo account will be very useful.  But if you already know them then it is better to trade with real money instead of using demo account. Because you will fully understand when you make a wrong move and lose. Because people learn the most from mistakes. You can't learn well if you don't make mistakes.  But it is better to start trading with small amount of money in the beginning

You need to have a very clear understanding of the motivations of the traders who sign up to copy trading programs as asset managers.

Most of them like to take an excessively high risk approach with very little of their own capital so they can see great returns from the profit share of their subscribers, without putting too much skin in the game. From my observations, most of the asset managers in the Binance copy program fall into this camp so far...

Very rarely you can find someone who is trading successfully on his own and wants a little publicity, like fulfilling one of these 10k to 1 million challenges or similar; in those exceptional cases, if you need diversification from your own strategies, copy trading might be a viable bet...

When you are still a noob then it wont really be that an issue or a problem if you do tend to see someone or trying out to copy.The only thing that you must do that in every step or thing you've been copying is that
you should really be trying out realize and make learn with those things that you've been copying so that you would really be able to learn and able to make yourself that having progress on the things that you've been doing.If you do find yourself that be able to learn up along the way then its a must thing to be done rather than on relying on others analysis for the rest of your life.Its not bad to copy and follow
but it would really be just that right that you should really be that be sensible that making on your own should really be your main priority.

Nothing beats out if you could really be able to make your own analysis and trading decisions in the future. If you arent that serious with your trading career then you wont really be
mindful with this matter but if you are really projecting yourself to sustain out long term then you would really be minding yourself on trying out to learn it as much as possible.
Yes, its something that would be hard but doesnt mean that it cant be possible.

There are people who are making profit out of copy trading but it is not for everyone. If you were someone who have been trading for a while now and you are quite successful at it, then you can do whatever you want. Because with copy trading, you can easily see what's wrong in it and if it's good for you or not.
But if you're just starting as a newbie, then copy trading is not for you. As a newbie trader, your focus should be learning how to trade. Maybe should not come into account until you learn how to trade properly. If you go on copying someone else's work, you will never learn. You can only see what kind of trade those traders are making but not the amount, not the market price that they have entered, not the leverage they are using. You only get to know if you have to short it or long it. How do you learn with that information?

Focus on learning on your own. Even if it takes a lot of time, in the end it is totally worth it.

Copy trading can be profitable but you need to understand that someone else will be in charge of your funds so it can go both ways. According to my understanding, I prefer to determine whether the person I want to copy is aware of what he is doing. It can be done by watching his YouTube videos or by directly talking with him. This will give me more confidence that the person i am copying for trade is a knowledgeable one in this sector so if anything goes wrong i was just unlucky and that person is not to blame. It is not possible for any trader to have a 100% successful trade.

The main question is "There are people who are making profit out of copy trading?" Does anyone have approximative statistics about this kind of trading/investment?
I am among the convinced majority that this method is closer to a SCAM scheme than a successful strategy. There are many reasons to confirm this, but the most important thing that distinguishes these plans is that we are talking about investments in crypto, not fiat money. Therefore, the investor will not turn to an official institution or licensed agency, but rather to a person who claims to be skilled in a field in which no one can prove any degree of competence. I can guess that the number of people who suffered losses by adopting this strategy is much greater than those who achieved profits.

Before I tried the demo account, it's nice for practice, but when you truly do it to earn money, making money first is extremely different, so instead of a sample account, it's better to perform your own trading on an exchange.

It also does not imply that if you mimic other people's trading, you will make the same profit. That is not correct. Why haven't you noticed that if you copy something incorrectly, the output will be incorrect as well? Is it clear that what you copied incorrectly will not still be correct?

And also keep in mind that those who's planning to do copy trading should consider their capital and how the person they choose to copy trades, for example the trade that they copy has a lot of capitals and the trade has a big leverage then it could be dangerous for those who has limited capital or not so big capital, as of course in trading there's a down trade that's why equity is important, more deposit or capital the bigger the equity and if the equity can't keep up because of the down trade because of big leverage then you will lose your money or the trade while the one you copy still in play, so better know the basics of trading first before doing copy trade, because although you copy trades you still need to think before you do so, and copy trading is not that simple, if you think you can earn awals by copy trading then think again.

I want to ask simple question if there a person who made a lot of money from the copy trading share the lead trader now and let me see what is the good criteria.

Since I made total loss doing copy trading.

Copy trading still has its pros and cons; investors should know that too. Because there are other traders in the exchange that provide copy trading services, they do a trick that even if their trading performance is not good, they will still say that their performance is still good, especially in the percent profit that they can give to those who choose their investors.

Then my advice to investors who copy copy trading is to make sure the track records you copy are legit and not just fake, because by chance your investment will be liquid for sure.

In copy trading I didn't use it before but almost I m searching some times the copy traders profiles I have point out some things which I would like to discuss with you first of all I saw all copy traders have both profit and loss I didn't see a one copy trader which have all loss or all profits where they get loss also get profit but you just check the people profile who get less loss and they have good knowledge in this trading they use stoploss they have knowledge about the best buying selling price of coins

Actually every copy trader have different rules they give profit and loss on percentage if you choose a copy trader which is give 10 percent profit so if he getting profit you will get 10 percent of you amount only and this is Ricky if he didn't used stop loss may be you loss all your money with them so better we should invest with very thoughtful so we can save ourselves from loss and the best thing is to choosing a best copy trader

The number of successful people trading in the world is very few. At most everyone loses money by trading. I couldn't emphasize enough that you can succeed in trading and I couldn't emphasize enough that you can't do anything in trading. Basically you can never win trading by following others. Everyone has their own strategy in trading. You are not like me, I am not like you. Better to focus on learning and developing your own trading skills and techniques. Trading can lay a solid foundation for future potential success. Success in trading comes through hard work, discipline and continuous learning. Instead of depending on others, we should strive to be independent and wise traders. It is up to us to take control of our trading journey and pave our own way to success. Although not a sustainable approach to building a successful future in trading.

My experience with copy trading was not a good one. You had better take out time and learn how to trade yourself than leave the entire trading decision to be made for you by someone else.

Copy trading is basically relying on others I think, there is some risk here but it will never make you an expert. Most of the time we know that many copy trading are offered in forex trading where new users use them only in hope of profit. Although copy trading pays well for beginners, it will not work in your future if you depend on others to trade. And if you start trading with your own experience and advice from experienced people then it will be best for you. And if you trade using your skills, then you will definitely be successful in the future and become a good trader.