Copy Trading...

[TheUltraElite]

When cap and/or liquidity is low, it can turn into some pump and dump schemes where pro traders use followers as a leverage for quick profit.
Some platforms as -snip- only trade large cap assets which acknowledge for this risk by default.

Understandable that you are trying to push out your propaganda because you earn from it, but that is not completely correct. After being in the market for several years one which is unregulated and always under the vigilance of bigger authorities and scammers, manipulators, I can safely say that doing so can make you rich or poor at the same time.

The term "pro traders" is a misnomer and one that is rampantly used in the forum like they are real pros, they are not, but only self-proclaimed ones. Majority of the users who are making money are not directly trading but only marketing scams/gimmicks to newbies who are gullible enough to fall for it.

In short, like I said above, copy trading is a scam and if you dont believe it, dont. See it yourself and you will find out on your own. No need to trust my words for it.

[NMBT]

I use Etoro since 2017, In this years, there few Traders that has performed "good year" all years.

I recommend, if you wan to copy trade, to start to invest in the copy portfolios on Etoro, there are similar to Investment Funds, where you buy a Stock that is created from too many other stocks.

They have a Crypto copy portfolio, and there are some traders specialized in cryptos.

Etoro can be a good platform to start.

Best regards,

NMBT

[Peanutswar]

I use Etoro since 2017, In this years, there few Traders that has performed "good year" all years.

Well, Etoro is one I know in terms of copy trading because they have a lot of advertisements right here on different social media sites. I haven't tried this copy trading because I don't want, the reason is I want to learn on my own I don't want to become dependent on other people, you can't blame them if you lose your investment or position it's better to become skilled in trading at this time you can now easily manage the possible profit you want.

Always become independent person.

[boyptc]

Copy trading is fine on highly liquid and large market cap assets.

When cap and/or liquidity is low, it can turn into some pump and dump schemes where pro traders use followers as a leverage for quick profit.
Some platforms as etoro only trade large cap assets which acknowledge for this risk by default.

That's one kind of copy trading.

But that won't teach the individual trader to grow in this market if he's just going with the group that he joined. Pump and dump groups are tricky, they will make you profit and look that you really are.

For long term aspect then it is really worth if you do learn for yourself and not to rely with bots because you wont really be that independent if you do
keep on copying others calls and tips.. Some people do really rely with this copy trading because they do love that have an easy life and easy profits.
Yes, they can earn money on passive but once these traders stopped on letting people follow then what would you do? Also
not all calls and tips are that precise or profitable no matter how good the trader is you cant really make out some guarantees.

IIRC, most of the people that have shared their thoughts and experiences about copy trading, many of them told that it's not worth it.

It is the reason why you only trust yourself if it comes to managing your investments and trades.

[el kaka22]

^The "real pro traders" is probably about people who have convinced others that they are pro traders and not pro traders themselves. Remember real pro traders are already making enough money from trading that they do not need you to follow them, in fact they probably would rather be left alone and not get followed.

However the people who do trades and convinces hundreds of people that they are great traders do exist in the world, and those people could do pump and dumps with the followings they have, they could purchase a coin, then tell hundreds of people they convinced to buy that same coin, everyone will jump and in buy and make the price go up, they could sell and get out, tell their followers to get out and even some followers may profit during that period as well. These are not pro traders but people who convinced others that they are pro traders.

[fishbonez11]

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.

Im not a believer of copy trading, i cant afford to lose without my real discernment. The truth is, copy trading is made not because the platform believe that it is in favor of the user, trading platform is a bussiness and there is no way this programs do not help the system to grow and develop more profit. Copy trading is not the best option, study the trend and decide on your own.

[enhu]

When cap and/or liquidity is low, it can turn into some pump and dump schemes where pro traders use followers as a leverage for quick profit.
Some platforms as -snip- only trade large cap assets which acknowledge for this risk by default.

Understandable that you are trying to push out your propaganda because you earn from it, but that is not completely correct. After being in the market for several years one which is unregulated and always under the vigilance of bigger authorities and scammers, manipulators, I can safely say that doing so can make you rich or poor at the same time.

The term "pro traders" is a misnomer and one that is rampantly used in the forum like they are real pros, they are not, but only self-proclaimed ones. Majority of the users who are making money are not directly trading but only marketing scams/gimmicks to newbies who are gullible enough to fall for it.

In short, like I said above, copy trading is a scam and if you dont believe it, dont. See it yourself and you will find out on your own. No need to trust my words for it.

I'm very skeptical about copy trading as well. I've lost trades many times and I can't remember hitting big since 2018. All I want is to earn big every week but who should I copy and for a pro trader, would he want someone leeching over his trading activity and making money just copying him?

I wouldn't expect a yes to that question. I haven't heard someone really earning big with copy trading. Did Baldwin really do rely on it?

[xZork]

I think each investor should have their own strategy in the crypto market, copying other people's trades carries a lot of risks. When you copy someone else's transaction you are putting your money in the hands of a stranger and not knowing if they are trustworthy.

[darewaller]

I'm very skeptical about copy trading as well. I've lost trades many times and I can't remember hitting big since 2018. All I want is to earn big every week but who should I copy and for a pro trader, would he want someone leeching over his trading activity and making money just copying him?

Which exchange are you using then? Because every exchange has their own ways that they work. One thing I know for sure that most of the platforms I know will always display the portfolio of those you’re about to copy and show you their past trades so you can decide for yourself whether to copy or not.

Basically copy trading is one of the coolest ideas, though it’s not something that is available on every exchange. I have not tried it before but I am quite interested in it, because mainly what I do is investing and not day trading. As someone that’s not skilled in the area of day trading , copy trading will definitely be of help to me and also to others that has no skills.

[J1mb0]

• 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.

I do not think that copying trading will minimize the risk in everyday trading, otherwise it is very risky when you are giving trust and decisions in an unfamiliar person.
Ideally everyone should trade on the market, money is yours to be responsible for it.

[cytpoway121]

I have always heard about copy trading, here and there and it seems to be such a trend that there are websites or web-pages that uploads their trade for people to copy, earn and trade; but i do not support this. WHY ? When you copy trade, you are not responsible for the outcome of the trade be it profit or loss; and you cannot be confident to even expect profits. I term it Trade Gambling.

This best form i copy, i recommend in crypto currency trade; is the copy strategy pattern. WHY? If you copy a top maestro trader strategy; practice it to perfection and execution; then trust me, you will either become as good and astute with the strategy or learn even more than the trader who owns the strategy.

Key lesson: FOCUS ON A TRADE STRATEGY THAT WORKS FOR YOU; AND BE OPEN TO CORRECTION / TWEAKS.

[MCDev]

It is difficult to identify a skilled trader and copy their trades, even the best in the crypto market cannot be sure of their deals.
A newcomer with a small amount of capital is very likely to lose all their assets trying to copy the deals of big traders.

[cryptolord2077]

It is difficult to identify a skilled trader and copy their trades, even the best in the crypto market cannot be sure of their deals.
A newcomer with a small amount of capital is very likely to lose all their assets trying to copy the deals of big traders.

First, you need to use special platforms in order to avoid typical mistakes due to inexperience.
Secondly, in order to understand how experienced a trader is, it is enough to look at the complete and transparent statistics to make it over a long period.
If the platform provides such functionality, it can be trusted, as well as a trader. However, I have not seen traders providing their copy trading services with positive long-term statistics.

[boyptc]

Copy trading is Good or not I want to know about copy trading

It is exactly what the words are. Watch videos from Youtube that what does it mean.

Get an introduction on it from Wikipedia.

--> https://en.wikipedia.org/wiki/Copy_trading

[chaser15]

Copy-trading is not a feature that you can get easily.

I don't know if there's a legit platform where users can easily avail of the feature.

Others might say that it's good to keep the trading manual but we can't stop those who want to avail of the service. Just make sure it's a legit platform and already established a good number of positive reviews.

[leonix007]

It is difficult to identify a skilled trader and copy their trades, even the best in the crypto market cannot be sure of their deals.
A newcomer with a small amount of capital is very likely to lose all their assets trying to copy the deals of big traders.

First, you need to use special platforms in order to avoid typical mistakes due to inexperience.
Secondly, in order to understand how experienced a trader is, it is enough to look at the complete and transparent statistics to make it over a long period.
If the platform provides such functionality, it can be trusted, as well as a trader. However, I have not seen traders providing their copy trading services with positive long-term statistics.

Most of the platforms provide at least 12 month statistics and barely enough to convince you on the popular persons trading capability together with its gains over the specified periods.

you can also set your own risk management setting own SL and TP's

[KnightElite]

Copy-trading is not a feature that you can get easily.

I don't know if there's a legit platform where users can easily avail of the feature.

Others might say that it's good to keep the trading manual but we can't stop those who want to avail of the service. Just make sure it's a legit platform and already established a good number of positive reviews.

We cannot really stop them because there are some that are too lazy to study trading wherein they want convenience and earn passive income by availing copy trading. There are some copy trading that are free but there are some have payment in order for you to copy a certain trading wherein you will see all of the details of his/her execution but those copiers should understand that the copy trading cannot give you a 100% gains because it is really depends on who you copy. If you will copy just a wannabe trader who keep boasting that he has good skills even though he is not performing good then of course you may incur losses if you copy a trader someone like that. The idea of copy trading is good for those who do not have enough time understanding and watching the real time price action but for those who have a lot of time; manual trading is still the best because you can experience the trade and you can learn from it.

[Hypnosis00]

Actually, there is no wrong with that especially when you are new to this field. But I'm not going to keep it to the whole life copying other's works, I'm going to make my own way also while retaining some of it. And one way to help improve our skills and knowledge is to keep ourselves being aggressive to learn more, the more experience we have the more learnings also we earned. We don't just stop there but to look upward maybe we can find more and better strategies than copying only to others.

[Traderbtcc]

Copy trading can be good at times, you can earn from the market from the market without knowing what you're actually doing, but that's also the issue,you can't keep coping other people's work without knowing how dey arrived at that point, it's good for only short term, but in long term no, you have to learn how to trade on your own.

as for me I prefer copying trades because I'm not perfect in analysing markets for myself rather looking from professional grows my portfolio.

Mate nobody is perfect you know, even expert traders do have their bad days, but if you keep coping trades do you know you are slowing down your growth in the trading aspect?, how long are you going to keep coping trades, I will advice you to ditch that copy trade and improve yourself, so you can stand alone and make your own decisions, not always following  someone else's decisions.

[Shasha80]

I don't recommend copy trading, other than it's only good for the short term. Copy trading will not make our trading skills develop,
that is there increasingly makes us become dependent on other people. And don't make excuses for not understanding market analysis,
because even professional traders start from not understanding market analysis. So don't be lazy to learn how to analyze the market.