Platforms where others trade your money to create profit for you

[xenon01]

Hi,
this topic should be to discuss meta platforms like chain group where other people trade your money to create profit for you.
While I know many such platforms for the stock market (and made good profit there) the only one I know for cryptos so far is chain group. If you know any other please share it.

The idea: Experienced traders that make good profit can leverage their profit by trading money of other people and getting some percentage of the profit.

Edit: Chain group turned out as a scam, so do not invest!

[1715076568]

1715076568

[ImHash]

Let me give a good reason as to why this chain group is a scam and nothing more This is scam because no one is kind enough to do the hard work and generate profit for you while you sit on your ass and doing nothing.

[xenon01]

Let me give a good reason as to why this chain group is a scam and nothing more This is scam because no one is kind enough to do the hard work and generate profit for you while you sit on your ass and doing nothing.

Its not that simple. Crypto trading might be a once in a lifetime opportunity.
If you have a good trading strategy in this market right now then it is clever to get as much out of this strategy as possible, as fast as possible.
You do not want to waste time by just investing your own little amount of money as your strategy might become much less profitable in the future or fail completely.
Crypto market will probably not stay as volatile as it is today forever and soon more professional traders from big banks might enter the market and suck away your profits.

Besides, this concept of "social trading" works for me on the stock market already for some time. Reasons (in stock market):
1. Traders manage much less money than investment fonds and are thus more dynamic.
2. Actual incentive to maximize profit as they participate in your profit. Investment fond managers do not. They just profit from the amount of invested money. And most money is attracted by low volatility not profit.

[AT101ET]

If you’re looking to make money through trades then why limit it to just crypto? If anything, diversifying would be much better. There are sites like eToro (as well as others) that have a copy trade system. You find your account with a certain figure and then set parameters as well as the people you want to follow and your account automatically emulates their trades (buying and selling).
Realistically speaking though, nobody is going to trust a group of readers. If it’s not an official site/Company then nobody will invest...

[CryptoBry]

I believe that the concept of letting other expert traders do the trading for you is quite a good one but we have to make sure that these people are real, into real trading and competent enough with what they are doing. The big reason why many are wary of such a scheme is because all of the programs along this line in the past are now gone dead. So how can we make sure that this is not just another ponzi scheme (paying old members from money of new members) masquerading as trading just to attract more investors? In the past there had been good program with good traders at the helm but one day they encountered many losses...they eventually closed shop.

[xenon01]

If you’re looking to make money through trades then why limit it to just crypto? If anything, diversifying would be much better. There are sites like eToro (as well as others) that have a copy trade system. You find your account with a certain figure and then set parameters as well as the people you want to follow and your account automatically emulates their trades (buying and selling).
Realistically speaking though, nobody is going to trust a group of readers. If it’s not an official site/Company then nobody will invest...

Of course you should diversify. However, most copy trading platforms do not have cryptos. eToro could be an option.

[xenon01]

I believe that the concept of letting other expert traders do the trading for you is quite a good one but we have to make sure that these people are real, into real trading and competent enough with what they are doing. The big reason why many are wary of such a scheme is because all of the programs along this line in the past are now gone dead. So how can we make sure that this is not just another ponzi scheme (paying old members from money of new members) masquerading as trading just to attract more investors? In the past there had been good program with good traders at the helm but one day they encountered many losses...they eventually closed shop.

You never can be 100% sure that there is no ponzi scheme. However in one of the groups cloudshare you can replicate their trades with their app.