Copy Trading...

[emmybd]

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

Several workable aspects of copy trading highlighted below-

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

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

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

[palle11]

Several workable aspects of copy trading highlighted below-

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

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

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

[wunderbit]

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

[el kaka22]

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

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

[Oshosondy]

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

[stomachgrowls]

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

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

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

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

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

[cryptolord2077]

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

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

[Lordhermes]

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

[harizen]

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

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

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

[tbct_mt2]

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

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

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

[durilup]

Several workable aspects of copy trading highlighted below-

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

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

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

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

[boyptc]

Not a good strategy.

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

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

[Strongkored]

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

[Subbir]

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

[Hasmizara]

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

[EdenHazard]

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

I Never used any copy trading services...

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

[farrellronald]

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

[Strongkored]

The question is .. will it still worth?

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

[usekevin]

Not a good strategy.

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

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

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

[proTECH77]

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