Are you making money with BOTS or Copy Trading?

[beerlover]

Isn't copytrade only available in forex trading? Because I've done it before and it's in forex, maybe you will be able to get profit if you follow an expert (and I read lots of success) but unfortunately copytrade not suitable for. me

As these days, forex brokers are allowing us to trade cryptocurrencies, you can copy-trade cryptocurrencies in the platforms like etoro. I am not into any of forex platform anymore but I remember the subscription fee and profit rates are not good enough even for big capital.

Bots do not guarantee that you will always get a profit, but unfortunately I often see on social media traders who use bots always say that because they use bots they become consistently profitable, how is that possible while bots are only tools to make our trading activities more automated, no guarantee of profit.

Do not get deceived by any internet strangers and when it comes about social media, infulencers will try to convince you regardless of their social status hence any form from internet cannot be a reliable source to believe on. If your close friend or colleague talk about trading bots positively then you may start considering that particular trading bots for your trading.

[1714658469]

1714658469

[1714658469]

1714658469

[1714658469]

1714658469

[1714658469]

1714658469

[cheezcarls]

Yeah I did with copy trading on Bityard. I’ve just followed some good traders out there with high percentage of winning but risky as well when it comes to stop loss rate. I followed the most popular trader before with great winning percentages, but his stop loss percentage was 90%.

However, we can just make some little profits here in copy trading, but depends on the trader we follow and the market situation as I believe these traders are using the futures trading method. Only trade what you can afford to lose.

[xSkylarx]

Yeah I did with copy trading on Bityard. I’ve just followed some good traders out there with high percentage of winning but risky as well when it comes to stop loss rate. I followed the most popular trader before with great winning percentages, but his stop loss percentage was 90%.

However, we can just make some little profits here in copy trading, but depends on the trader we follow and the market situation as I believe these traders are using the futures trading method. Only trade what you can afford to lose.

I believe it is a small profit because you have a small capital, but if you have more, I believe it will be a large profit. Copy trading is great, but you still don't have control over your money. However, if you trust the person you've copied, it can be extremely profitable. Many of my friends copy trade because they don't have time or are too lazy to learn how to trade. They initially lost money but are now profiting. They only research top traders who have a good portfolio on a specific coin.

[Beparanf]

Yeah I did with copy trading on Bityard. I’ve just followed some good traders out there with high percentage of winning but risky as well when it comes to stop loss rate. I followed the most popular trader before with great winning percentages, but his stop loss percentage was 90%.

However, we can just make some little profits here in copy trading, but depends on the trader we follow and the market situation as I believe these traders are using the futures trading method. Only trade what you can afford to lose.

Be cautious on doing it especially if the exchange offering it is not trusted. I don't know Bityard and this is my first to hear that exchange so I don't have idea about there credibility. Some exchange might fake a trader profile on there exchange and display an excellent stats so that newbie user will copy it then load a trap trade to make all the copy traders suffer on big loss. That 90% stop loss is insane and very shady, stop loss is useless if you are using on that huge loss percentage.

[TheGreatPython]

I'm using right now upbots and seem very good the idea, I pay just on performance without a subscription fee.

I would like to know which other website or apps you tested where:

1. You can select a bot easily looking to past performances
2. Do not pay a monthly fee but just a performance fee
3. If has an app on mobile better

I have not seen a trading bot that allows you to pay only when you make profits and not when you’re losing in trading. Others would charge you to pay a subscription fee before you can make use of their trading bots, and if you don’t pay then you’re not going to be able to make use of it.

And of course there are free bots as well that you can make use of, but majority of them really not worth making use of, and the stress of setting them up is something else, so that’s why some people tend to avoid them. As for copy trading, I’ve seen some copy trading platforms that are really good, you just have to look for traders and check their trading history then select who you can trust, that is how it just works.

[Iceblast]

I don't use any bots. because I'm not the type of trader who trades intensely, I only trade part time.

In my opinion using a bot will not have any effect for me, and trading bots are more suitable for professional traders because professional trading usually requires a lot of analysis and also large capital for trading, so it must be properly managed

[SyndicateLabs]

I have never used Upbots, but have invested with it and got a return that makes me happy. Immediate profits cannot shape future outcomes. And be more flexible in using support tools. When deciding to copy trade a certain trader, you need to consider the risks that may come with it. Therefore, also consider using the capital appropriately. Moreover, copy trading is also a form of investment portfolio diversification. If you know how to use it properly, it will avoid liquidity risk or related to market risk. It also helps you to have a substantial profit in your pocket.

[TheEconomists]

I don't use any bots. because I'm not the type of trader who trades intensely, I only trade part time.

In my opinion using a bot will not have any effect for me, and trading bots are more suitable for professional traders because professional trading usually requires a lot of analysis and also large capital for trading, so it must be properly managed

Using Bot for trading crypto currency is not meant for professional as you really need any analysis with the use of Bot as you claim in submission above but trading bot in my opinion is for people who don't have the necessary skills for trading. In simple terms trading Bot are for lazy people who don't know of trading but want to trade by all means.

[geegaw]

I don't use any bots. because I'm not the type of trader who trades intensely, I only trade part time.

In my opinion using a bot will not have any effect for me, and trading bots are more suitable for professional traders because professional trading usually requires a lot of analysis and also large capital for trading, so it must be properly managed

Indeed, the trading bot is really one of the familiar tools used by professional traders and their main basis is the leverage market but those are not bots that automatically execute trades, it's just bots that aggregate data and prices then go through a formula that professional traders create, this is not a strange thing when same day profit is their aim. It can be seen that for such a purpose, traders like us can't seem to fully optimize this tool, copy trading can be called a tool for lazy people and people who do not manage time but it is life in the shadow of someone else, not as free as how we actively

[palle11]

I don't use any bots. because I'm not the type of trader who trades intensely, I only trade part time.

In my opinion using a bot will not have any effect for me, and trading bots are more suitable for professional traders because professional trading usually requires a lot of analysis and also large capital for trading, so it must be properly managed

No it is not all the professional traders that use bots. Bots are not really perfect for analysing market but they can be configured to follow the instructions and market. The traders that use bots are not just professionals but people that have less time to stay under the computer so they give themselves to either copy trading or bots. I prefer to trade on myself and not to use bots because I have also seen complain about it, I don't see any strategy as perfect including bits.

[Hamphser]

I don't use any bots. because I'm not the type of trader who trades intensely, I only trade part time.

In my opinion using a bot will not have any effect for me, and trading bots are more suitable for professional traders because professional trading usually requires a lot of analysis and also large capital for trading, so it must be properly managed

No it is not all the professional traders that use bots. Bots are not really perfect for analysing market but they can be configured to follow the instructions and market. The traders that use bots are not just professionals but people that have less time to stay under the computer so they give themselves to either copy trading or bots. I prefer to trade on myself and not to use bots because I have also seen complain about it, I don't see any strategy as perfect including bits.

Bots are for automation, it doesnt mean that pro's and amateurs wont really be using it on the same time.It will vary on the needs of a certain trader.If

we do talk about bot then this is something talking about automation of orders which means its a tool which could really be helpful whenever you are far

away from your keyboard or simply not on your pc.You can set up and let it run according to your settings.Well, theres always a common misconception
about trading bots which is really a wrong thing.

[Questat]

Maybe I couldn't tell you that because I'd never try to use trading bots due to some negative feedback. Some say's they can make some but the majority are still losing. Well, I guess, it was just the same of you are manually doing this than relying on bots and besides, you are still doing the command. Because the only benefit we've got from using trading bots is it can perform trading 24hours unlike us but the results are still the same. Maybe, if you have a hectic time and you still wanted to trade, then this is suitable for you but never think you'll become more profitable.

[melissacarter]

As a trader, we should rely on our strategies because the market is volatile and bots are incapable of making informed decisions.

Copy trading can be helpful and risky. Since you rely on an individual for your trades, there are both risks and profits. It is important to run a background check on a master trader and  do not copy from a single trader.

[iv4n]

As a trader, we should rely on our strategies because the market is volatile and bots are incapable of making informed decisions.

Copy trading can be helpful and risky. Since you rely on an individual for your trades, there are both risks and profits. It is important to run a background check on a master trader and  do not copy from a single trader.

Copy-trading is risky if you don't know anything about the trader you decide to follow, so checking him out, his background, his stats (if it is available) before spending money is advisable! And if possible, before going for a copy-trade check other traders and their suggestions! Most of the traders I followed were going for more followers, they didn't have very successful rates, at least for the time I followed them.
I also tried some trading bots, but I wasn't satisfied with them! I guess it was me, I didn't want to risk a lot of money, and the strategies I found needed a bigger bankroll! So before going for a bot, check the possible strategies and how much money you need to run them... if you don't have enough I guess that will not work well!

[Fesatmas]

Indeed, there is nothing wrong with using trading bots, but from time to time you have to be forced to trade on your own with what you are good at. Are you ready? if you only get used to and rely on trading bots to give you profits, without you realizing that all of that is not a good lesson. You trade but you really don't.

So far, being familiar with trading somehow we don't really like relying on such instant things. Trading is us as a seller. If you leave it to a trading bot, it means that the concept is different, that is, you are the controller 2, not the real trader.

[Ararbermas]

As a trader, we should rely on our strategies because the market is volatile and bots are incapable of making informed decisions.

Copy trading can be helpful and risky. Since you rely on an individual for your trades, there are both risks and profits. It is important to run a background check on a master trader and  do not copy from a single trader.

you have point mate, its always good to take the the job than working it for bots because we don't how safe it is. Indeed not all can really guarantee when it comes to this so volatile market wherein even experts cannot prevent doing mistakes,. How much more that bots if there's an error as well? Seems skeptical..
Maybe copy trade i will agree that you can obtain good profits from it but of course it depends as well if you follow a good trader wherein those have risk management because for sure your money is always safe.. If not it's like you're just guessing and trying your luck if you can get good return from it or not.. So all i suggest to all newbies be wise when it comes copy paste trading, follow those have good win rate and also with risk management to assure your trade is in a safe hand.  

[Mahanton]

As a trader, we should rely on our strategies because the market is volatile and bots are incapable of making informed decisions.

Copy trading can be helpful and risky. Since you rely on an individual for your trades, there are both risks and profits. It is important to run a background check on a master trader and  do not copy from a single trader.

you have point mate, its always good to take the the job than working it for bots because we don't how safe it is. Indeed not all can really guarantee when it comes to this so volatile market wherein even experts cannot prevent doing mistakes,. How much more that bots if there's an error as well? Seems skeptical..
Maybe copy trade i will agree that you can obtain good profits from it but of course it depends as well if you follow a good trader wherein those have risk management because for sure your money is always safe.. If not it's like you're just guessing and trying your luck if you can get good return from it or not.. So all i suggest to all newbies be wise when it comes copy paste trading, follow those have good win rate and also with risk management to assure your trade is in a safe hand.  

I dont know on where you do consider out on things to be safe because this isnt talking something like that for you to entrust your trades on bots that are
pre-set up and this is where self knowledge and skills will vary because this is the part you would really be making use of that on the time you do make
use bots and just like what others posted above about those wrong perceptions or views towards trading bots which is actually true and on point.
Bots are good in use when you are far away on your pc but if not then its better to do manual.

[nur rochid]

Indeed, there is nothing wrong with using trading bots, but from time to time you have to be forced to trade on your own with what you are good at. Are you ready? if you only get used to and rely on trading bots to give you profits, without you realizing that all of that is not a good lesson. You trade but you really don't.

So far, being familiar with trading somehow we don't really like relying on such instant things. Trading is us as a seller. If you leave it to a trading bot, it means that the concept is different, that is, you are the controller 2, not the real trader.

indeed bots will be perfectly useful in the hands of people who are good at trading manually, so like using indicators, he understands when bots will help him or when bots are risky to use. but otherwise, many of the bots traders experience disappointment at the end

[Rehan Zakir]

It's another way of making money through bots. Bots do trading with our investment charged a monthly fee. Professional traders creates their own bots so that they can manage different accounts at same time. And automatically puts out trades And make profit. So, on this way investors did not do anything but. The whole system is automatic

[Sled]

It's another way of making money through bots. Bots do trading with our investment charged a monthly fee. Professional traders creates their own bots so that they can manage different accounts at same time. And automatically puts out trades And make profit. So, on this way investors did not do anything but. The whole system is automatic

Well, pro traders are more experience in trading, they know bots can do some before favor with them but for new traders and those who are still learning, I'm not sure how it becomes useful as the idea comes from themselves while the bots are just waiting for their command.

Copy-trading might work for beginners but these trading bots? I don't think so. This could be something optional, maybe we have tried using bots just to know if we are into profiting otherwise, we stop.