Trade + study = great combination

[CryptopreneurBrainboss]

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

That's a wrong mindset to have, blindly copying some random users that claims to be a professional online and shows you all sorts of proof that can be edited without you having any clue what's going on. Trading isn't that hard to learn the basic and with that knowledge you can start your enjoy in the industry while you let your experience and other additional knowledge you'll acquire as the journey goes on, to help you become a profitable trader.

You stand a chance of losing more if the trade (signals) you copy goes south, the fact is they (signals providers) can't be accurate all the time and in chances when they're wrong you don't have the privilege to learn form the mistakes that resulted in the trade going south. I won't say much since I believe other responders must have done justice to this topic already.

[matchi2011]

I had already given up on copy trading from other sources I took the pain to study how to trade to avoid following other traders signal whose veracity isn't verified having had some streak of loses when I copied trade in forex factory as a forex trader, now as a cryptocurrency trader I studied hard to develop my strategy based on candlestick patterns and Price Action this would enable me to take personal decisions when trading.

Much better to entrust things out of your knowledge, learning things even it will take you some time
always good doing by your own decision making.

Following other traders if you also have some basic skills is manageable as long as you do understand
what you are doing, you can quit to cut losses or continue to maximize your earnings.

[MCobian]

I don't blame people who trade relying on the help of others, such as following crypto trading signals, using trading bots and using copy trading
that are offered on several platforms. But if trading depends on other people, will not work out well in the long term. I say this because I have
experienced trading relying on other people, finally my capital ran out and my trading skills did not develop. To become successful traders you
have to rely on yourself, because learning to trade will make us have the ability to analyze the market well. That way our abilities will continue
to increase, because we can learn from every mistake we make.

[Slow death]

I haven't used these types of things yet but I wonder:

imagine that a person enters the world of trade and begins to study technical analysis and does not have good results and then finds these sites and starts to have good results, time goes by and the person gets used to the copy/paste until one day the people on that site disappear and the beginner trade no longer finds the strategy they were used to. how will that person make money from trade without copy/paste?

that's why I think people should learn on their own and create their own strategies, maybe these sites can serve as a consultation

[Traderbtcc]

I was expecting a totally different write up, but to be honest I don't have any interest in copying or trading by other people's strategies, cause if they make a wrong trade decision I will lose my capital alongside, so I have come to conclusion that if I must trade it must be from my own findings and trading strategies only, I don't want to get caught in someone else's web, thanks anyway I'm not interested in copying peoples trade neither am I interested in the exchange you're shilling .

[Yatsan]

I haven't done copying or relying into how someone do their trades for I have first learn from the basics or totally from scratch which means I am the one who have discovered how to analyze and deal with trading. I do not literally wanted to just learn from what others are doing because I will be dependent on that and for me that is not some sort of learning things should be. I study how does trading works and do assess by trying out what I have learned and that is basically how I do trade and study at the same time. I learn from my mistakes and serve that as a lesson on what I basically I am right now. Better do learn from your own but if copying trades from other works on you, then it is fine then.

[iv4n]

Don't get the wrong idea from the headline, trading is not for everyone! And to make money with trading, you need to have some money first!

Crypto is a great combination with almost everything! You can always find something interesting in crypto, something that you like, from what you can earn, or where you can make a profit with some starting investment! I often say how crypto is a world for itself, there're so many things and mostly new stuff for all of us! We have to read and learn than try it and practice it... and when you figure out one thing (or you didn't even come to that point of understanding something) here is a new thing that is drawing your attention.

I guess that previous education, current status (student, worker, unemployed), profession, age... can give you certain advantages, but they are not essential! Crypto is open for everyone, so anyone is free to come and learn! And in that process, it's possible to earn and make money!

[wxa7115]

I personally believe that trading by copy-trading veterans traders to make money while studying to learn how to analyze the market by oneself is a great combination. I believe that it's a great source of motivation for every new traders when they are making money with trades.
However, you'd be cheating yourself if because of the money you're making, you stop learning how to trade. I realize that is the case of quite a lot of people who started with copy trading. They, because of the money, ignore the hard fact that they have to actually learn how analyze the market and place these trades by themselves

But that is the issue, are those that are using copy trading platforms actually making money? Because I doubt it, traders that are successful will decide to not allow their trades to be copied and if they cannot avoid this then they will just change the platform they are using and trade somewhere else.

This means that this is a case of the blind leading the blind and it is impossible to get good results from it, anyone that is interested in trading should just learn on their own, any other option other than that is just a way to deceive yourself.

[Cling18]

I came across this article and definately want to share it with you: https://techbullion.com/best-5-crypto-social-trading-platforms/

It's worth reading if you would like to start crypto trading and don’t know from what and where to start.

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

I agree with the author's choice. Those platforms are interesting in their own way, and traders of different levels and with different goals can find the right platform.

Coinmatics is a new and fast-growing platform that will be good for beginners since it has a user-friendly UI and intuitive tools. I think almost everyone knows about eToro, and it is the best match for advanced users (just check their multi-functional platform). Zulutrade has a huge education base in addition to forex and copy trading. The fans of cloud-based systems will like Zagnaly and Shrimpy. I am fascinated by this discovery in our crypto world. What do you think about such crypto copy trading platforms? If you ised some of them I want to hear your experince.

It's true that trading and studying would work but I'm not familiar with the platforms that you have mentioned. Copy-trading I think is a risky thing to try. If we're really studying hard to know more about trading then we should have enough knowledge on how to make our own strategy and how to handle our funds. Copying wouldn't work well because the market movement isn't uniform. Trading is a long process of learning but we shouldn't always rely on other's techniques and decisions.

[Swopon]

I agree with this. Because in cryptocurrency money is not the only fact you can't depend on just investment. If you want to get some positive returns then you have acquired more knowledge and practice more and more. You have to study about the market condition, the study doesn't mean to take any degree it means that you have to research on that and stay connected with the market.

[JooBra]

I agree with this. Because in cryptocurrency money is not the only fact you can't depend on just investment. If you want to get some positive returns then you have acquired more knowledge and practice more and more. You have to study about the market condition, the study doesn't mean to take any degree it means that you have to research on that and stay connected with the market.

Studying and trading it's still better then going heads in. With time there will come experience and it's gonna be a success for sure. How much success depends on how good a person can control their emotions.

[Innerpumper]

I came across this article and definately want to share it with you: https://techbullion.com/best-5-crypto-social-trading-platforms/

It's worth reading if you would like to start crypto trading and don’t know from what and where to start.

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

I agree with the author's choice. Those platforms are interesting in their own way, and traders of different levels and with different goals can find the right platform.

Coinmatics is a new and fast-growing platform that will be good for beginners since it has a user-friendly UI and intuitive tools. I think almost everyone knows about eToro, and it is the best match for advanced users (just check their multi-functional platform). Zulutrade has a huge education base in addition to forex and copy trading. The fans of cloud-based systems will like Zagnaly and Shrimpy. I am fascinated by this discovery in our crypto world. What do you think about such crypto copy trading platforms? If you ised some of them I want to hear your experince.

During this time I only learned cryptocurrency and get signals from telegram channels. and if to make predictions using only tradingviews. I'm just a little confused as to how they can get good news about the coins they're newsing. What's from the special group? or anything else? and i just heard about coinmatics i will try it to apply it in the world of trading.

[Mahanton]

I agree with this. Because in cryptocurrency money is not the only fact you can't depend on just investment. If you want to get some positive returns then you have acquired more knowledge and practice more and more. You have to study about the market condition, the study doesn't mean to take any degree it means that you have to research on that and stay connected with the market.

Studying and trading it's still better then going heads in. With time there will come experience and it's gonna be a success for sure. How much success depends on how good a person can control their emotions.

Success isnt assured because not all to those who trade would gain up experience even though they do able to attain that but doesnt mean that they would succeed.
Lots of factors first need to be considered to climb up into the ladder.To think that trading isnt for everybody because there are instances that no matter how hard you do make
out some trades, no matter how hard you do try to learn up but still not enough to make yourself sustainable.There are real life situations on this trading market
which individuals turns out to be still on the losing side in spite on trading for how many years.

[darewaller]

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

I consider copy trading or just blindly following others trade as betting on sports with the help of tipster because they are quite similar, you feel confident in your tipster and bet on their picks and in copy trading you are doing the same. It is way better to make mistakes but learn rather than trying to avoid mistakes but skip the learning.

It's more like skipping a class during studies in the fear of failing than actually facing it, learning, and moving ahead. The problem with skipping is that you miss a lot of things that you would have traditionally learned had you focused on learning and didn't chase earnings.

Others cannot help you by holding your finger throughout your life, at a certain point you have to start taking risks or at least be brave enough to make mistakes but learn in the process.

[Johnyz]

I agree with this. Because in cryptocurrency money is not the only fact you can't depend on just investment. If you want to get some positive returns then you have acquired more knowledge and practice more and more. You have to study about the market condition, the study doesn't mean to take any degree it means that you have to research on that and stay connected with the market.

Studying and trading it's still better then going heads in. With time there will come experience and it's gonna be a success for sure. How much success depends on how good a person can control their emotions.

Having your own style in trading is different on following any trading advice and this is why I encourage everyone to study trading and don’t just buy and sell without a proper planning. Having strategies can also be a big help, don’t skip this part and never depend to anyone when it comes to trading. Succeed on your own, and focus on your own timeline, don’t compare your trading result to others.

[CryptopreneurBrainboss]

I was expecting a totally different write up, but to be honest I don't have any interest in copying or trading by other people's strategies, cause if they make a wrong trade decision I will lose my capital alongside, so I have come to conclusion that if I must trade it must be from my own findings and trading strategies only,

Not just the losing of capital that's brutal, you don't also gain any experience since the trade wasn't yours in the first place. In trading getting the experience and educating you need from lessons is very vital so you don't repeat such mistakes again. There's one thing professional traders have in common which is mistakes they have all made in the past and all learnt from them that way they won't repeat such mistakes.

Your topic should be study plus trading as that's more appealing, you saying trade plus studying is more like saying we can engage ourselves in the act of trading then begin studying which shouldn't be the case as we're all meant to learn, practice before we can start live trading.

[jrrsparkles]

Copy trading is not for someone who wants to do trading as their main job, it is smart but not effective as far as I heard from the people who is having experience. There are lot of ads you can see about the positive things about copy trading but no one is talking about the negative side?

If someone made huge profits from a trade doesn't mean he will be successful all the time, the pro can bear the losses but for a newbie it will be unbearable.

[molsewid]

Don't get the wrong idea from the headline, trading is not for everyone! And to make money with trading, you need to have some money first!

Crypto is a great combination with almost everything! You can always find something interesting in crypto, something that you like, from what you can earn, or where you can make a profit with some starting investment! I often say how crypto is a world for itself, there're so many things and mostly new stuff for all of us! We have to read and learn than try it and practice it... and when you figure out one thing (or you didn't even come to that point of understanding something) here is a new thing that is drawing your attention.

I guess that previous education, current status (student, worker, unemployed), profession, age... can give you certain advantages, but they are not essential! Crypto is open for everyone, so anyone is free to come and learn! And in that process, it's possible to earn and make money!

I do believe also that trading isn't for everyone because we as a human has a different level of curiosity, different level of taking risks and different type of passion and likeness in life. Doesn't mean that trading suited in him will surely suit in you too. But i do believe that crypto is for everyone unless we have the eagerness to learn about the blockchain. So from knowing crypto we could link the aspect of trading. Learning trading was also like learning crypto, before you can enter to the game you must first hand have the basic knowledge about it.

[Theones]

If you mean trade and also study what's going on in crypto market, then its best possible combination. What we really do is blind trading aka trading without studying the facts and figures. Trading with mind is best possible combination.

[tygeade]

Copy trading will not please anyone, although this method from the very beginning has the good characteristics that we will not need too much experience, we can follow in the heels of professionals and make a profit but the market and exchanges will not give us such an easy gift, this method has problems as it involves leveraged trading. The starter will not have too much spread when setting the order while we are the ones placing orders behind them, the price difference will be quite large, don't fall for this simple trap, try to win with our skills

I think it used to have a great idea, but just from the early days of this idea getting famous, we have reached to a huge bull run that saw bitcoin reach from 5k to 60k now in a year, so it was always something that was a bit risky, it was always something that was a bit dangerous but never really looked so profitable, so people saw everyone profiting and they started copying those who made money but didn't realize that those people made money because they were in a lucky market, whereas we may not 6x again for a long time in bitcoin.

So, what happened was, copy trading was calm and good and improving, some lucky people made 5x profit, others followed to make 5x too, and failed, and now copy trading is bad. That is why I always say that nobody should do something because it is hyped, it could end up hurting them the most because they got in with the hype.