Copy Trading - experience and tipps

[stomachgrowls]

At the first glance looks like less hassle with the copy trading I used etoro before and it is good too at the same time but the problem is we don't want to become a dependent trader because not all the time it will become profitable to the trader you follow with still at the end of the day its better you know how to make a trade at your own so you know the risk at  yourself and not to blame the copy trading.

It should be not, we don't need to be reliant always, we should also have to carry ourselves by our own decision and our strategies. It is quite good to start copy-trading in our early days but this can't be forever. Honestly, we are not really profitable if we are just using copy-trading and the chance of making ourselves lazy as possible.

As we wanted to grow and enhance our skills, it was most preferred to take the risk on our own. We are not just building ourselves to have confidence but in this way, we also make our mind works well.

At the moment I don't know how to operate in the market, I have never used something like copy-trading, but I would like to know if it is currently profitable? I have seen several promotions where some traders do so well that their lives have changed a lot, but of course I think it was also a kind of marketing for the exchange that was promoting it through an article, I don't know if this can somehow get through to be good, because they show a range of many traders who give their signals and one is free to choose them or not.

This would be good for you to look at.
https://www.youtube.com/watch?v=eLp9dBcRha8

Usually when it comes to copy trading then i do only have that in mind about eTORO on which most people do usually go into this place
aside from technically or basically copying other traders move manually which kinda hassle or not really that something precise.
Is it profitable? I havent tested out yet but there are feedbacks that it is but do you find yourself to be that dependent on it for a very long time?

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[DoublerHunter]

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 not experience copy trading but as many people said as a trader is, copy trading is the safer way of newcomers in trading.
Because it will teach you and make you an experience in trading. But of course, don't rely on copy trading, just have your own research and study different strategies that you may use in trading. Copy-trading for me is just like a practice in trading hands-on while practicing to gain experience.
Etoro exchange platform has this kind of feature and I think they are the most recommended by the most traders.

[Findingnemo]

People who made money from copy trading are the only people who are appears in the advertisements and sponsored influencers, but in real life they got profits but not the success in real life. We should never expect the success in our life comes from the effects of someone else, the rich people can take high risky moves and their one trade maybe good enough to bring few millions to them but this is not applies for an average trader who trades with hundreds.

[lixer]

People who made money from copy trading are the only people who are appears in the advertisements and sponsored influencers, but in real life they got profits but not the success in real life. We should never expect the success in our life comes from the effects of someone else, the rich people can take high risky moves and their one trade maybe good enough to bring few millions to them but this is not applies for an average trader who trades with hundreds.

That's how advertisement works. They need to make sure that they will create a quality content that will surely attract the people to use their service but I think most of us already know this, that ads are totally different from the real experience. If making money is easy as copying others' work then all of us will try it but this is bad because people will become lazy and will only depend on others.

They will not make an effort anymore to learn by themselves. Rich people can risk big and you think this is a good thing? Yes, maybe if the outcome is positive but what if they get unlucky and lose the money that they stake? They will also suffer a huge lose and it can be hard for them to accept it.

[South Park]

People who made money from copy trading are the only people who are appears in the advertisements and sponsored influencers, but in real life they got profits but not the success in real life. We should never expect the success in our life comes from the effects of someone else, the rich people can take high risky moves and their one trade maybe good enough to bring few millions to them but this is not applies for an average trader who trades with hundreds.

That's how advertisement works. They need to make sure that they will create a quality content that will surely attract the people to use their service but I think most of us already know this, that ads are totally different from the real experience. If making money is easy as copying others' work then all of us will try it but this is bad because people will become lazy and will only depend on others.

They will not make an effort anymore to learn by themselves. Rich people can risk big and you think this is a good thing? Yes, maybe if the outcome is positive but what if they get unlucky and lose the money that they stake? They will also suffer a huge lose and it can be hard for them to accept it.

Even if the publicity was right and we could earn money through copy trading once enough people did this then those that were copying the trades of others will become unprofitable, we need to remember that for us to earn a dollar when we trade then someone else needs to lose a dollar, and not only that there is a spread and fees we need to pay which reduce the number of winners even further, so even if at some point this was a viable strategy it will eventually become ineffective anyway.

[blockman]

People who made money from copy trading are the only people who are appears in the advertisements and sponsored influencers, but in real life they got profits but not the success in real life. We should never expect the success in our life comes from the effects of someone else, the rich people can take high risky moves and their one trade maybe good enough to bring few millions to them but this is not applies for an average trader who trades with hundreds.

That's true, they can make money following them but still, the definition of success lies in the huge difference between yourself and the people that you copy trade.
It's not all of the time you'll be too reliant on them and then you'll just chill around. If that's what someone wants to do, he should have remained as a holder and that's way better than copy trading.

[Questat]

People who made money from copy trading are the only people who are appears in the advertisements and sponsored influencers, but in real life they got profits but not the success in real life. We should never expect the success in our life comes from the effects of someone else, the rich people can take high risky moves and their one trade maybe good enough to bring few millions to them but this is not applies for an average trader who trades with hundreds.

That's true, they can make money following them but still, the definition of success lies in the huge difference between yourself and the people that you copy trade.
It's not all of the time you'll be too reliant on them and then you'll just chill around. If that's what someone wants to do, he should have remained as a holder and that's way better than copy trading.

We'd see no improvement in ourselves if we keep asking for help from others instead, we must do it independently. We have to bear in mind that they are also just like us, if they know how to read the chart, and do TA and FA, I believe we can do it as well. It is just a matter of time, may see we can use copy-trading at first but never we keep this in the whole life. There is no true success if we just rely on them, we can see true success if we do it on our own.

[Pandu Geddon]

We'd see no improvement in ourselves if we keep asking for help from others instead, we must do it independently. We have to bear in mind that they are also just like us, if they know how to read the chart, and do TA and FA, I believe we can do it as well. It is just a matter of time, may see we can use copy-trading at first but never we keep this in the whole life. There is no true success if we just rely on them, we can see true success if we do it on our own.

all of that is something we can learn. since those who tell us we can do it, of course, we can certainly do the same. it all depends on our desire and interest to develop.
I learned some trading technicals from people in the community. Slowly I began to understand using several tools for analysis. I still have time to learn, and once I've mastered it there's certainly no reason not to do it myself. with self control.
but to be honest, I sometimes do copy trades with people I trust. who gave me the course. but that I do only when I'm busy and don't have much time for analysis. highly not recommended, but just for fun, I think it's ok.

[Scaterbrainn]

Some tips to keep in mind while copy trading:

1. You should have basic trading knowledge.
2. You need to choose a reliable copy trading platform. Some good options include zulutrade, duplitrade, forex copier and b2broker.
3. Only copy trades from a trader whose trading style aligns with your requirements
4. Risk a small amount initially. Understand the process before trading with large capital.

[jostorres]

We'd see no improvement in ourselves if we keep asking for help from others instead, we must do it independently. We have to bear in mind that they are also just like us, if they know how to read the chart, and do TA and FA, I believe we can do it as well. It is just a matter of time, may see we can use copy-trading at first but never we keep this in the whole life. There is no true success if we just rely on them, we can see true success if we do it on our own.

all of that is something we can learn. since those who tell us we can do it, of course, we can certainly do the same. it all depends on our desire and interest to develop.
I learned some trading technicals from people in the community. Slowly I began to understand using several tools for analysis. I still have time to learn, and once I've mastered it there's certainly no reason not to do it myself. with self control.
but to be honest, I sometimes do copy trades with people I trust. who gave me the course. but that I do only when I'm busy and don't have much time for analysis. highly not recommended, but just for fun, I think it's ok.

It's not an easy life to keep on learning new stuff. I mean life is hard, earning money is tough, we are mostly poor people all around the world, there are a few rich people but majority of the world, 90% or more end up living either in poverty, or live paycheck to paycheck, only 10% of the world do not care how they can survive. This means that the desire to earn more and more end up being less.

This is why I believe that we should be caring about how we could get that motivation. It is not easy to have motivation to earn a lot of money by learning, many people want to earn it as quickly as possible but that is not possible and studying is a must.

[nur rochid]

We'd see no improvement in ourselves if we keep asking for help from others instead, we must do it independently. We have to bear in mind that they are also just like us, if they know how to read the chart, and do TA and FA, I believe we can do it as well. It is just a matter of time, may see we can use copy-trading at first but never we keep this in the whole life. There is no true success if we just rely on them, we can see true success if we do it on our own.

all of that is something we can learn. since those who tell us we can do it, of course, we can certainly do the same. it all depends on our desire and interest to develop.
I learned some trading technicals from people in the community. Slowly I began to understand using several tools for analysis. I still have time to learn, and once I've mastered it there's certainly no reason not to do it myself. with self control.
but to be honest, I sometimes do copy trades with people I trust. who gave me the course. but that I do only when I'm busy and don't have much time for analysis. highly not recommended, but just for fun, I think it's ok.

if we do copy trades with people we know for sure, and can be trusted, then we can learn from the way he opens and closes transactions, so that if their way of analysis goes well as long as we follow them, we can use this as a learning reference. to become a better person. but indeed forever we cannot depend on copy trading, it is personal trading that can lead us to success

[bitcub]

Theres a 50 - 50 chance of getting profit in copy trading, as the people you copy might trade with a wrong direction thus might put your investment into liquidation. I would suggest to invest also in trading knowledge, enroll with a good and risk free trading course.

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

[Kemarit]

Theres a 50 - 50 chance of getting profit in copy trading, as the people you copy might trade with a wrong direction thus might put your investment into liquidation. I would suggest to invest also in trading knowledge, enroll with a good and risk free trading course.

Yes, for me it's really better if you are going to learn the tip and trade of crypto trading, sort of working your ass out, and in the end, it's going to be worth it if you are going to be successful.

Instead of just using copy trading (I never tried and never well), there are risk involved. And if ever you failed then you have nothing to blame but yourself. Copy trading will just make you lazy to be honest and will just rely on others, not good if you wanted to be in this game for long.

[sklopan]

It seems to me that with this option there are quite a lot of risks that a trader may simply not get the result that he considers desirable as a result of the work.

[Fatunad]

Theres a 50 - 50 chance of getting profit in copy trading, as the people you copy might trade with a wrong direction thus might put your investment into liquidation. I would suggest to invest also in trading knowledge, enroll with a good and risk free trading course.

Risk-free word doesnt really suit out on any investment because no matter how good you are on a particular state it wont really be still meaning of 0% risk which is totally impossible.
As for copy trades then it would really be having that divided chance whether you do end up on getting profitable or would be losing your investment or capital
with the decision or hands of others which do really sucks but if you are pursuing this kind of system of your investment then go ahead but its really wise
on learning also into the other side of things at least.

[Yamifoud]

snip~

Risk-free word doesnt really suit out on any investment because no matter how good you are on a particular state it wont really be still meaning of 0% risk which is totally impossible.
As for copy trades then it would really be having that divided chance whether you do end up on getting profitable or would be losing your investment or capital
with the decision or hands of others which do really sucks but if you are pursuing this kind of system of your investment then go ahead but its really wise
on learning also into the other side of things at least.

As long as copy-trading will work, that was fine but never do we think we keep our trading being like this. I understand that trading is not an easy job, many had suffered losses because of lack of knowledge and market experience that is why I used copy trading for me to learn, it can be sooner or later to leave this and make my own.

Maybe it was not an advisable thing but I do believe this could even help at least to gain experience and ideas on how this works.

[rby]

Theres a 50 - 50 chance of getting profit in copy trading, as the people you copy might trade with a wrong direction thus might put your investment into liquidation. I would suggest to invest also in trading knowledge, enroll with a good and risk free trading course.

Risk-free word doesnt really suit out on any investment because no matter how good you are on a particular state it wont really be still meaning of 0% risk which is totally impossible.
As for copy trades then it would really be having that divided chance whether you do end up on getting profitable or would be losing your investment or capital
with the decision or hands of others which do really sucks but if you are pursuing this kind of system of your investment then go ahead but its really wise
on learning also into the other side of things at least.

There is no invest that is 100% risk free. Some people make good returns from copy trading when they have a real source whose strategies are working. However there used to be some drawbacks. One of which when you don't know the kind of strategy that someone you are copying has. Even if you are using a small lot size, you could end up blowing your account when more slots are opened more than your account could hold. Failure to follow every step may make you not to be successful in the end.
So, even when you are copy trading, you need some minute skills to manipulate the process.

[doomloop]

all of that is something we can learn. since those who tell us we can do it, of course, we can certainly do the same. it all depends on our desire and interest to develop.
I learned some trading technicals from people in the community. Slowly I began to understand using several tools for analysis. I still have time to learn, and once I've mastered it there's certainly no reason not to do it myself. with self control.
but to be honest, I sometimes do copy trades with people I trust. who gave me the course. but that I do only when I'm busy and don't have much time for analysis. highly not recommended, but just for fun, I think it's ok.

That's alright, I like to copy trades of a few of my friends as well, specially one of them who stopped giving help because he caused some people to lose money once, and even though nobody said anything (because we profited a lot more thanks to him before) he ended up not giving anymore but loved following him up.

Overall, it is okay to copy someone's trades if you know them and followed them up and know what they are after or how they make a profit and if you can chat with them. This was my friend, so I literally hang out with him, and I know his intentions, he didn't mean anything bad each time he offered an "idea" basically and that's why it's cool to follow them up.

[sklopan]

It should be understood that this will not give much experience. It is important to understand that this leads to the fact that the trader simply copies the trades of others and often simply does not think about how to do better.

[Pandu Geddon]

That's alright, I like to copy trades of a few of my friends as well, specially one of them who stopped giving help because he caused some people to lose money once, and even though nobody said anything (because we profited a lot more thanks to him before) he ended up not giving anymore but loved following him up.

Overall, it is okay to copy someone's trades if you know them and followed them up and know what they are after or how they make a profit and if you can chat with them. This was my friend, so I literally hang out with him, and I know his intentions, he didn't mean anything bad each time he offered an "idea" basically and that's why it's cool to follow them up.

most importantly we must be aware that if the trade suffers a loss, never blame the person you are copying.
people who do copy trades certainly have limitations and prefer to believe in other people who feel they understand better. as long as it's still profitable and we can still learn, I think using copy trade from other people is fine.