Copy Trading...

[TheUltraElite]

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?

Hah, just think over it, if such a thing was even possible would every copy trader not become equally rich as the "pro trader"? Logically yes, provided the "pro" is a real pro and not a fake one, which in many cases is the problem.

You see the world is filled with such people coming up with methods to make it seem they make it easy for you to make money, in reality the person selling it is the one actually getting rich. It is a type of a scam you can say. Copy trading is one, MLM is another.

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?

Trust yourself mate. Dont ask that question which you know you would not get an answer to.

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[BuNga_cute]

I am one of those who often experience losses when using copy trading, maybe my setting is wrong or copy trading that I use is bad.
But I'm not going to stop people from using copy trading, let people try what it's like to use copy trading. Because I have a bad experience
with copy trading, but other people will not necessarily experience the same  things I have experienced with copy trading.

[adorable80esan]

I am one of those who often experience losses when using copy trading, maybe my setting is wrong or copy trading that I use is bad.
But I'm not going to stop people from using copy trading, let people try what it's like to use copy trading. Because I have a bad experience
with copy trading, but other people will not necessarily experience the same  things I have experienced with copy trading.

Same to you actually I have same experience using monnos.com. It`s Brazilian copy trading social platform. But i believe that if we select right platform or choosing right people we can earn more without any hesitation. and copy trading  gaining popularity day by day.

[RealMalatesta]

I guess when you are doing copy trading, the most important part is to find someone who you can trust and copy their trades. Think how much money you could have made if you followed waro for example, dude made 1000%+ profit in the past 7 months or so if I am not wrong, that doesn't mean he will continue that forever, but he is definitely awesome.

Or you could have followed me and you would have made much less, or you could have followed someone very horrible and even lose money during this period, which is very low chance even if you just bought btc and hold, but there were plenty of people who opened shorts so there could have been some people who lost money. So, the method of copy trading itself is not bad, it is just about who you pick to follow.

[lixer]

I think copy trading is one of the coolest things that will be found on a trading platform/exchange, because it’s not easy for some of us who already had works that we are doing and are interested in trading cryptocurrencies, but since we are very busy we can’t do it.

Although I know some people who prefers to hire managers to trade for them, for me I think it’s best that you create an account on one of those exchanges that will allow you to copy trade and that way you will know that you’re still in charge of your money and everything, all you have to do is just choose one good trader to be copying after you have gone through their history.

[TheUltraElite]

I think copy trading is one of the coolest things that will be found on a trading platform/exchange, because it’s not easy for some of us who already had works that we are doing and are interested in trading cryptocurrencies, but since we are very busy we can’t do it.

If I divide day trading and long term hold as two ends of the spectrum, for the second group being busy with work will not affect much since they are doing it for the long term and they will mostly be buying only at the lows. For the first group or daytraders, it would be more like a day job for them otherwise it is impossible to run the thing.

However, copy trading does not mean you are doing either, maybe some what close to daytrading but a non-logical one. Read on.

Although I know some people who prefers to hire managers to trade for them, for me I think it’s best that you create an account on one of those exchanges that will allow you to copy trade and that way you will know that you’re still in charge of your money and everything, all you have to do is just choose one good trader to be copying after you have gone through their history.

Hiring a manager for trades is a different thing. Also you wont get a trader who always makes profits. Just manage your money on your own - all the "financial advisors" are nothing but shills for altcoins which are going to worthless and useless anyway.

Most copy trading platforms are no different than bots running algorithms for trading. You will be ripped off your money if you go down that route.

[bitterguy28]

So you only need to choose who's expert trader that will be copied and that's it?if the trades of the said Person succeed then same as we are?

Sounds cool and tricky ,But is this profitable?is there any comparison from those who Gains and losses?

I am one of those who often experience losses when using copy trading, maybe my setting is wrong or copy trading that I use is bad.
But I'm not going to stop people from using copy trading, let people try what it's like to use copy trading. Because I have a bad experience
with copy trading, but other people will not necessarily experience the same  things I have experienced with copy trading.

This is what i wanna hear,Because it sounds easy and cool but the outcome?

[Istiaque]

Before trading you would like to settle on an honest platform which will assist you to repeat the trade. it'll be possible to avoid risks. Currency picking and exchange sites got to be researched to trade using all the knowledge and knowledge. Earn a second income by allowing others to follow your trading. choose from and replica their commercial activity automatically. it'll always be an honest profit to trade coins from altcoins for profit.

[Lanatsa]

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I disagree with you. 12 months is quite an indicative result. The only question is how much complete statistics from 12 months the trader himself will show. Most often, they show only positive results, hushing up the negative ones. Most traders trade with a negative or zero, but try to show others only a plus. Therefore, it is important that the platform maintains its own independent statistics for each trader.

For most who had been offering these copy trades of whatsoever, then its not something new that they would really be mostly emphasizing their winning results and not totally
exposing off when it comes to their losing percentage and that's also a deceiving part where people who doesn't have an idea will just easily believe on what
they do claim.

Copy trading isn't bad though but be sure that you do know on when to take out your profits when you are in gains but overall its better to make your own spot trading lesson.