Can Copy Trading help you make enough to cover your bills?

[cheezcarls]

I honestly think that copy trading would not be the ultimate solution to cover your bills. There are no guarantees that every trader that you copied are perfect. Even if they are being rated 5-stars or so, there’s still a chance that they might lose in their trading activities.

I was once having the same thinking about getting into copy trading. However, I just realized that relying on other copy traders won’t be a guaranteed “safe haven” for you. No matter if it’s stocks or cryptocurrency, there are no astronomical guaranteed returns even if it means of a copy trading system. It won’t make your life getting better, there are no guarantees.

My friendly advice to you is to start looking for a job that would sustain your basic necessities, especially during this pandemic. There are tons of virtual home-based jobs you can find. This is what I’ve been doing so far while under lockdown to cover my monthly bills and other needs for the family.

Don’t put all of your savings into copy trading. I suggest spare some of your funds to educate yourself in cryptocurrency trading and buy some BTCs or alts (in other words, diversification). There are traders who are profiting even during the wild bear market. When you are looking for platforms that educates cryptocurrency traders from A to Z, it should be reliable and not overpriced. Youtube does have educational videos about cryptocurrency trading, but they’re not as complete as the other online course platforms.

If you are on low or mid-income level, I recommend NewsCrypto.io. They have an affordable monthly subscription price to learn cryptocurrenc trading from beginner to advanced for just a price of a couple of Starbucks frappes. But if your monthly income is high, you might check out online courses from TraderCobb, Udemy and Trading Heroes.

Apart from investing yourself to learn about cryptocurrency trading, you can train yourself in becoming a community manager in various projects, hosting webinars or AMAs, etc. In that way, you could become an influencer and the fruits of your labor would pay off once they see you as a reliable worker in that field.

I hope this helps.

[michellee]

I am not too understand how the copy trading works, but I watch on many advertisements about eToro. I think that it is hard to believe if using copy trading can help us to make a profit in a short time because I wonder how much money we need to make that profit. If that is true, I think I will try it later to see if that can work for me or not because if that is works, then I don't need to take a long time to make more money

[maxreish]

It wouldn't be an answer to your bills problem. We can't just rely and trust in copy trading. If you are not that condifent in trading, then better find a new way to earn. Sometimes, those entries that you will gonna copy is a trash and will just make you down more.
 Here's you should do;
 -Build your knowledge and confidence in trading.
 
 If those trader in etoro or in other copy trading platform can trade well wihout copying other's trade. We can also do it by ourselves.

[xandriel]

I am not too understand how the copy trading works, but I watch on many advertisements about eToro. I think that it is hard to believe if using copy trading can help us to make a profit in a short time because I wonder how much money we need to make that profit. If that is true, I think I will try it later to see if that can work for me or not because if that is works, then I don't need to take a long time to make more money

If you want to copy then you should choose Bingbon because this is the number one exchange to do that and certainly there are many good traders here for you to copy. However, the risk can be very high because the data here can be fake and without careful research you will easily lose money here. Personally, I take the time to learn and choose invest only in my opinion if it is profitable for me.

[Ifemini]

The risks of starting trade with no capital is a problem to start with. So i suggest you find another work.
Secondly, copy trading is not good nor profitable especially for newbies, and even pros, because to my knowledge, it is equilvalent to trading using signals.

What if its a trap all the while ?
Please do your own research and be independent in trade

[coinfinger]

The COVID-19 fuelled recession has hit most of us where it hurts - in our pockets. With many of us losing our jobs or taking serious pay cuts, paying bills has become a point of pressure in our lives. Finding a way to fill the gaps has never been so important, and copy trading may offer the solution.

Here is how you can make enough to cover the bills with copy trading: https://thebitcoinnews.com/make-enough-to-pay-your-bills-with-copy-trading/

This might be good, but from my own understanding when you're into copy trading you're actually copying the trades of people who are experts right? So, what's the guarantee that you're never going to lose your money?

These experts are not some beings with powers to predict the future perfectly, they are also human beings like us and they follow the same strategy we all use, except that they are more good at it. But, does that mean they never lose their trades? I will just assume that you will be able to make lots of profit to cover up before the loss? .

[bitbunnny]

To my opinion copy trading is not the solution. For some reason some traders think that is the good method but there are no guarantee for profit. Everx trader is different and uses different techniques and methods that should be adjusted to the market and circumstances.
You can never now if this will actually work and if traders you copy are real experts and especialy not if you will make enough to cover bills.
It's better to base trading on your experiences and knowledge. It takes time and success doesn't come over night but it's better than copy trading.

[akram143]

The COVID-19 fuelled recession has hit most of us where it hurts - in our pockets. With many of us losing our jobs or taking serious pay cuts, paying bills has become a point of pressure in our lives. Finding a way to fill the gaps has never been so important, and copy trading may offer the solution.

Here is how you can make enough to cover the bills with copy trading: https://thebitcoinnews.com/make-enough-to-pay-your-bills-with-copy-trading/

Expecting immediate returns from trading cryptos will put you under risk of losing your capital so you might get trapped with no way if your lose your money so its not the right way to spend your savings at the moment on risky trading methods.

[Lanatsa]

To my opinion copy trading is not the solution. For some reason some traders think that is the good method but there are no guarantee for profit. Everx trader is different and uses different techniques and methods that should be adjusted to the market and circumstances.
You can never now if this will actually work and if traders you copy are real experts and especialy not if you will make enough to cover bills.
It's better to base trading on your experiences and knowledge. It takes time and success doesn't come over night but it's better than copy trading.

We should bare in mind that strategies might work for others but wont similarly be effective on us.Copying on someones trades doesnt give out sustainable solution
if we are really looking for profits because we cant be sure if the traders that we've been following on wont really commit any mistakes or loss.Therefore,
it would really be risky on relying to that aspect specially if you do aim that this one will cover up your bills. Better to learn up on your own rather than on relying into someone.

[Distinctin]

The COVID-19 fuelled recession has hit most of us where it hurts - in our pockets. With many of us losing our jobs or taking serious pay cuts, paying bills has become a point of pressure in our lives. Finding a way to fill the gaps has never been so important, and copy trading may offer the solution.

Here is how you can make enough to cover the bills with copy trading: https://thebitcoinnews.com/make-enough-to-pay-your-bills-with-copy-trading/

Actually, you have a good idea of finding a way to have another source of income these days but it gonna make it hard to think that you put everything in trading to cover up all your needs and other necessities. Should you have confidence enough that copy trading will give you that? Yes, you can make money in copy trading, have some gains but it could stress you up when you are thinking a lot. Because in this case, you are chasing more gains to be in order to sustain the needs. You know what, We can't be profitable all the time.