Copy Trading - experience and tipps

[doomloop]

I think I've tried it before with a platform that allows this feature.

It's not worth it.

Their small loss, you might lose big because you'll never know that whenever you copy someone's trade, there could be a fee that goes to the person you copy.

That's just one reason and you have to look at the factor that you need to rely on yourself rather than relying with the others.

Well, I don’t really know much about it, but I do know little about copy reading to an extent. I know about some platforms such as eToro and others that allows traders to make a copy trading.From what I know, you only pay for the fees to the trader you are copying when the trade is successful, I do not think that you will have to pay for any fees if the trade happens to be a loss.

Although I am not 100% sure about this because I don’t do copy trading so I wouldn’t be able to tell you exactly what is involved in it. And moreover if you choose to rely on yourself in trading, and you happen not to have the skills, it’s still going to be a waste of time for you.

[AicecreaME]

I have a very small copy-trading portfolio on eToro just for fun, and I really don't expect to make a significant amount of money. In fact, I expect the traders I copy to totally mess it up at some point.

Think about it — if I was a totally successful trader, I'd take advantqage of my strategies on my own and make money myself.

Very on point explanation.

Copy trading is not totally profitable, because the market will be always unpredictable. Traders that you're going to copy will not be always gonna have a winner technical analysis, that's why we're talking about 40:60 of chances, in my opinion. It is also hard to find traders that will let you copy their original trade, because just like what you've said, they will never gonna share their strategies of making money.

[palle11]

It is also hard to find traders that will let you copy their original trade, because just like what you've said, they will never gonna share their strategies of making money.

This is to say that just few traders are making profit in the market. Those making profit will not activate the copy trade because they are making profit and don't need extra money from you in the form of commission for using their trade. They can make much more money from the trade that they enter than the little commission from copy trade. Therefore, those making copy trade may be using the commission to top up for their losses 

[Wexnident]

I've done a bit, and it's literally just copying off of others' trading strategies. I used to try it out with eToro back then when I was just starting out, later on, realized that what I'm doing is rather dumb and would probably make me end up nowhere (just as how me trading myself would get me nowhere, so I went to investing instead). Well if you're happy with at least placing the blame on someone else and not on you since it isn't your strategy, then yea sure have a blast. But otherwise, I wouldn't really recommend it unless it's for experience only.

[FlamingFingers]

Copy trading should be something that a newbie should stay off, it's best to take your time in learning about trading fundamentals than to copy trade, lots of those people out there giving signals mostly don't trade their signal they seldomly trade it, the chances of loosing in copy trading is very high, majority of those call channels are gambling few of them knows how to draw TA chart

[jossiel]

I think I've tried it before with a platform that allows this feature.

It's not worth it.

Their small loss, you might lose big because you'll never know that whenever you copy someone's trade, there could be a fee that goes to the person you copy.

That's just one reason and you have to look at the factor that you need to rely on yourself rather than relying with the others.

Well, I don’t really know much about it, but I do know little about copy reading to an extent. I know about some platforms such as eToro and others that allows traders to make a copy trading.From what I know, you only pay for the fees to the trader you are copying when the trade is successful, I do not think that you will have to pay for any fees if the trade happens to be a loss.

Although I am not 100% sure about this because I don’t do copy trading so I wouldn’t be able to tell you exactly what is involved in it. And moreover if you choose to rely on yourself in trading, and you happen not to have the skills, it’s still going to be a waste of time for you.

I am not sure about it as well.

About the fees, I can't remember if it's just for the successful trades that the person you copy or you'll pay it entirely the time it starts you copy trades from him.

Regardless of that, you'll never know how it will impact to you but as far as I know, many don't like this feature after experiencing it from the others.

[Johnyz]

Copy trading should be something that a newbie should stay off, it's best to take your time in learning about trading fundamentals than to copy trade, lots of those people out there giving signals mostly don't trade their signal they seldomly trade it, the chances of loosing in copy trading is very high, majority of those call channels are gambling few of them knows how to draw TA chart

I wonder why they came in this market to trade and yet they don’t want to put extra effort on learning things. Having your own knowledge in trading is still the best option, I don’t recommend copy trading for a newbie especially didn’t encourage them to put big money on that option. TA works, it can be more effective if you have that strategy.

[Lanatsa]

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

You can try on Etoro.

Here's some good read about their copy trade.
https://tradeveda.com/is-etoro-copy-trading-worth-it/#:~:text=eToro%20claims%20that%20the%20average,platform%20and%20copy%20their%20trades.

. eToro claims that the average yearly profit of most copy traders is more than 83%. eToro CopyTrader™ allows you to choose a top trader on the eToro trading platform and copy their trades.

Sounds good right? but dont expect or anticipate that it would be good all the time.

[goinmerry]

I have a very small copy-trading portfolio on eToro just for fun, and I really don't expect to make a significant amount of money. In fact, I expect the traders I copy to totally mess it up at some point.

Think about it — if I was a totally successful trader, I'd take advantqage of my strategies on my own and make money myself.

This is the first time I encounter someone who did a copy-trading feature in ETORO.

Out of curiosity, can you disclose how much need to activate or subscribe to that feature? Before I think it has a cost but after checking their current terms, everyone can now use the copy feature by default and all they need to do is to have the minimum amount of $200 ready in the account.

How's your profit after a month? Just like to see some example results average. Thank you.

[Hypnosis00]

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

I did make use of copy-trading as a newbie, of course, it was good as you are still learning and gaining some ideas but this is not even effective, you are making yourself a copy to someone else and if he fails, you also fail. There is no perfect strategy in trading and so this copy-trading is not the best option if we wanted to improve and become successful. Building our own is way better and must be endured rather than relying on others. This is also a way of helping ourselves be comfortable and create confidence to face risky and hard decisions.

[Silberman]

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

I did make use of copy-trading as a newbie, of course, it was good as you are still learning and gaining some ideas but this is not even effective, you are making yourself a copy to someone else and if he fails, you also fail. There is no perfect strategy in trading and so this copy-trading is not the best option if we wanted to improve and become successful. Building our own is way better and must be endured rather than relying on others. This is also a way of helping ourselves be comfortable and create confidence to face risky and hard decisions.

The problem is what type of trader will allow himself to be copied by someone else and risk their strategy to be revealed? And the truth is that very few traders that are making money in the markets will like to be part of something like that, which means that those that are allowing themselves to be copied do not really know the value of their strategies or do not mind that someone else is copying them because they are not making money anyway with their strategy.

[MinMan]

When it comes to copy trading , you are not the one who is making the trade, therefore the success of your trading doesn’t rely on you, rather it relies on the trader who you are copying.

When you want to do copy trading, the platform that you have decided to choose will display the list of professional traders that they have on their platform and it would show their trading chart and the rest of their success over the years, through this chart you will be able to know which of them that you would select and start copying their grade. Is good to select those who has a high success rate, that way you’d know that you are more likely to make winning trades from the market.

[Oceat]

When it comes to copy trading , you are not the one who is making the trade, therefore the success of your trading doesn’t rely on you, rather it relies on the trader who you are copying.

When you want to do copy trading, the platform that you have decided to choose will display the list of professional traders that they have on their platform and it would show their trading chart and the rest of their success over the years, through this chart you will be able to know which of them that you would select and start copying their grade. Is good to select those who has a high success rate, that way you’d know that you are more likely to make winning trades from the market.

I think it's the best to copy different trading strategies from different professional traders. In that way you can change your strategy according to the market situation or how profitable someone's strategy or take some of their ideas and make your own by combining their different strategies. Choose what's best and winning trades that suits your style since not everyone would think like that but if you are good at finding these strategies you will likely going to earn more profit.

[Viscore]

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

You only need to think a little bit to know this is not a good option, if you have a successful strategy that you have developed on your own will you share that with everyone for no cost at all? What if one of the persons which is copying your trades is then able to realize how are you making your money and then tells to more people making your strategy way less effective? The risks are simply too high with no benefits, so most of those that allow themselves to be copied do not really have a reliable strategy at all.

Certainly the worst case, copying some unprofitable strategies that will only bring more losses on your part. Its always better to develop your own thing, the strategy that you think will perfectly work on you. Well, there's no really wrong from copy trading, but just prepare yourself for some losses than gains as most likely, other traders are sharing it to you because they are not benefiting from it already.

[Oilacris]

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

You only need to think a little bit to know this is not a good option, if you have a successful strategy that you have developed on your own will you share that with everyone for no cost at all? What if one of the persons which is copying your trades is then able to realize how are you making your money and then tells to more people making your strategy way less effective? The risks are simply too high with no benefits, so most of those that allow themselves to be copied do not really have a reliable strategy at all.

Certainly the worst case, copying some unprofitable strategies that will only bring more losses on your part. Its always better to develop your own thing, the strategy that you think will perfectly work on you. Well, there's no really wrong from copy trading, but just prepare yourself for some losses than gains as most likely, other traders are sharing it to you because they are not benefiting from it already.

And losing that way would really be creating that regrettable feeling because you would be thinking that it would be much better that you do lose on your own way or analysis rather than on losing when you are just following on someone which you would really be having that unjustifiable kind of feeling.

There are still copy trade platforms which you could really make use of but its not really recommended and its much better if you do really trade on your own and learn from it so that you could
really make your own trades without relying someone.

[Bgbolahan]

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

Yes...I have made money from copy trading and loss money as well ,so many traders are really gambling with investor money,just don't be greedy when following especially on covesting copy trading

[Hypnosis00]

I did make use of copy-trading as a newbie, of course, it was good as you are still learning and gaining some ideas but this is not even effective, you are making yourself a copy to someone else and if he fails, you also fail. There is no perfect strategy in trading and so this copy-trading is not the best option if we wanted to improve and become successful. Building our own is way better and must be endured rather than relying on others. This is also a way of helping ourselves be comfortable and create confidence to face risky and hard decisions.

The problem is what type of trader will allow himself to be copied by someone else and risk their strategy to be revealed? And the truth is that very few traders that are making money in the markets will like to be part of something like that, which means that those that are allowing themselves to be copied do not really know the value of their strategies or do not mind that someone else is copying them because they are not making money anyway with their strategy.

That was the case that copy-trading is not a good idea if we are building ourselves to have a better future. And these traders who allow being copied by someone will certainly don't mind as they know they are not working well. And besides, I don't believe those influencers who want to help others and teach their strategy because successful traders will just share their experience, not their working strategies as they are too clever enough to hide secrets of their success.

[joeperry]

Tried that with Gate.io since they have copy trading features though you need to pay for the fees for copying their trades and well it didn't work for me that's why I stayed away from it, it's still much better if you are going to handle you own trades so you know what's really happening in your trade.

[macson]

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

some people may be suitable for copy trading but i never fit for it.  from my experience, when copying a trader's trading account, the capital we have must be the same as the trader's capital so that the profits we get are the same.  besides that, don't expect that the trader will always profit ^{(high expectations)} because of course the trader will have a time when he loses.

[Japinat]

Hi guys,

does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.

Thank you already!

Kind regards
AD

Some may have succeeded, but mostly are not. Copy trading is not really advisable since it will only make your trades fall into failures, and lose everything you have. The strategy that you want to copy may be working for others, but not for you. This is the reason why we have to develop our own since we differ in the way we trade, and the perspective we have in our mind. You may ask for others to ask for guidance in trading, but never to copy their trading strategies.