Copy trading profitable?

[kamvreto]

Copy trading is a system that copies other people's trading lists on trades that we make on a connected platform.
If you ask copytrading profitable or not, the answer is not always profitable, it depends on the person you copy, if they have a good strategy, good management of profits will be obtained. and choosing a trader should look at some of the recommendations of traders who have a good track record. Do not choose a trader without even a minus. Traders and investors (yourself) as well as the platform used both benefit if trading is successful and provides a profit. Every profit will be shared with the trader, you as an investor and the platform used as a place for copytrading. Don't rely too much on copytrading, it won't get any better. honing trading skills is very important so as not to depend on anyone.

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[romero121]

This is not a question of how profitable it is but how effective it is. Profit will depends on the amount traded. And the effectiveness or choosing whom to copy is the most important. It might be very efficient because you just copy someone else trade but becoming dependable to others but usually is the path of getting wreck.

Copy trading ease the practice by just following someone's trading strategy and tactics. First of all we need to find a person who is good in trading and go upon his plans. Everytime the prediction won't be precise to get profit. Market volatility varies and the profiting too varies. As said it can be a path towards wreck, but taking reference of one's trade plan and doing our analysis seems to be the better way of trading. Here we can learn and understand better about the market than just relying on someone's plan.

[seleme]

For finding leading traders, check Etoro trading platform. There are hundreds of crypto traders actively sharing live results and competitive sentimental analysis will help you to find best one in terms of risk management. Mirror aka copy trading is profitable for those who can follow the lead trader as agreed on terms&conditions. Applying different money management or changing trade variables may result in loss due to being greedy or overthinking market, from my experience.

[GeorgeJohn]

I wouldn't use it, just cause it causes dependency. Anyhow, if you were good trader why would you need to sell your trades?

I think you would have expatiate your reasoning so that we will understand exactly what you have in mind, via your explanation, sorry, for observing you, because i dont know exactly what you are narrating about, it would have be better assuming you make your explanation to be understandable

[libert19]

I wouldn't use it, just cause it causes dependency. Anyhow, if you were good trader why would you need to sell your trades?

I think you would have expatiate your reasoning so that we will understand exactly what you have in mind, via your explanation, sorry, for observing you, because i dont know exactly what you are narrating about, it would have be better assuming you make your explanation to be understandable

Nevermind, I take my words back. I didn't know there was profit sharing. It's win-win situation. So alright, I guess.

[bitgolden]

This is not a question of how profitable it is but how effective it is. Profit will depends on the amount traded. And the effectiveness or choosing whom to copy is the most important. It might be very efficient because you just copy someone else trade but becoming dependable to others but usually is the path of getting wreck.

It means you are going to keep on checking if the person you are copy trading from is a good one or not, it’s a little bit about sustainability. Because, if you want effective trading, then you should end up trading with what you have, and what you know, if you rely on others, you will have to both try to find good people who you can copy, but then you need to hope that they stay good, and if they stop or be bad, then you need to do it all over again.

Learning how to be good yourself is a lot better if you ask me. That’s a personal preference of course, but that doesn't mean that you shouldn't learn, if you insist at least try to understand them.

[Strongkored]

This is not a question of how profitable it is but how effective it is. Profit will depends on the amount traded. And the effectiveness or choosing whom to copy is the most important. It might be very efficient because you just copy someone else trade but becoming dependable to others but usually is the path of getting wreck.

The title of this thread makes a lot of people respond whether copy trades will be profitable or not, but what the Op really asking is whether being lead traders on copy trades will profitable or not.
I have responded before that it is very possible to be profitable because the lead traders will get profit sharing but the profits of traders are reduced because they have to be shared with the leader.
And there are always traders who prefer to copy traders or follow signal groups because they feel it is a waste of time to analyze the market on their own, but such an attitude will make our trading knowledge undeveloped.

[Mpamaegbu]

This is not an advice for any newbie to use copy trading. I have seen many lead traders that are copied but losing. This is just about knowing if lead traders are truly making much money.

Most of the things we see on social media are just pretences. They are just a version of "what I ordered but what I got" at the end. A few years ago, there was a dude I met on Facebook who seemed to be making money trading FX. He offered copy trading services on Octafx. He would make trade calls and close them in profit. He was a scalper and traded with big lot sizes. A few positive pips would throw him into huge profit. Then reality happened to him. He lost big time and burnt several live accounts that followed him. That also ran him into huge debts too.

For me, I haven't copied anyone's trade for live trading. I may monitor them to see how things go. In most cases, the copy traders flop and end in loss.

[Questat]

The title of this thread makes a lot of people respond whether copy trades will be profitable or not, but what the Op really asking is whether being lead traders on copy trades will profitable or not.
I have responded before that it is very possible to be profitable because the lead traders will get profit sharing but the profits of traders are reduced because they have to be shared with the leader.
And there are always traders who prefer to copy traders or follow signal groups because they feel it is a waste of time to analyze the market on their own, but such an attitude will make our trading knowledge undeveloped.

It is a profit-sharing that makes these trade leaders earn without taking a risk. Nobody will take that position if ever it was not profitable but many do which means, they are earning. Some people, lazy traders are often using this, trusting someone is not a wrong move, and even do copy trading but there is one thing we should do and that is to change this mindset as it was better to rely upon ourselves than rely on others. We'd learned already and I think it was enough to start our own.

[Piesel]

I don't know if this is peculiar to only me but I view trading as gambling too and since the market conditions are unpredictable, that makes it hard for even the most skillfully build trader to fail.

So basically, I won't say copying professional can save you or give you an edge over a bad opening order most especially when you open the positions at a time the markets already going against you and you are copying a trader that experienced different conditions.

So copy trading is not an accurate tool for trading and is only based on luck.

[GeorgeJohn]

This is what we are suppose to put into our personal agenda in trading, by not emulate anyone method ir strategies of trading, do you know that someone have to understand it's way of trading and it's method trading by creating it's means, so therefore observing or taking someone method might not be favorable to anyone, so i believe that creating your own means of trading should be the best option.

[dansus021]

i actually trader but after watch my all time trade in my futures account I'm still at loss hahaha. meaning trade is very risky especially futures

and then i have tried copy trading in bingbon now bingx and still loss and then recently i have tried traderwagon platform that dedicated for binance user to lead trading and copy trading

i have test 3 user that shown good at historical data but after i copied i still pretty much loss from them and the lead trader is gone too

but there is a lot of people that tell me copy trading is profitable and also become a passive income

the hardest way is find the best lead trader in my opinion

[tvplus006]

...i have test 3 user that shown good at historical data but after i copied i still pretty much loss from them and the lead trader is gone too
but there is a lot of people that tell me copy trading is profitable and also become a passive income..

The problem is that the lead trader opens its x1 orders, and those who copy such transactions open with a large leverage. Accordingly, a lead trader can hold a losing position for a long time, while his followers have already been liquidated by the exchange. So if you decide to copy trades, then you need to open positions with the same leverage as lead trader.

[Quidat]

...i have test 3 user that shown good at historical data but after i copied i still pretty much loss from them and the lead trader is gone too
but there is a lot of people that tell me copy trading is profitable and also become a passive income..

The problem is that the lead trader opens its x1 orders, and those who copy such transactions open with a large leverage. Accordingly, a lead trader can hold a losing position for a long time, while his followers have already been liquidated by the exchange. So if you decide to copy trades, then you need to open positions with the same leverage as lead trader.

One thing which these followers should really be doing so but there are indeed times which you are really that in a hurry on making huge profits or income with it and this is why setting up higher
leverage would be the key but it would turn out on blowing up your account and they would really be taking up the blame into that particular lead trader.
Its never been recommendable on having that copy trading because it doesnt assure out profitability but there are people who are still interested on this
and this is why we do see still those lead traders offering copy trades which is surprising.

[NicNacCoin]

This is not an advice for any newbie to use copy trading. I have seen many lead traders that are copied but losing. This is just about knowing if lead traders are truly making much money.

I mean lead traders to be those traders that newbies are automatically copying their trades.

Are you a lead trader? If you are, what is the best crypto exchange you can be a lead trader and what is the maximum profit in percentage?

Copy trading is not profitable. Although in two trades you can profit most of the time but you will end up losing.Always try to do analysis of trading yourself.People see it and never participate in e-trading.Binance Exchange is the best as the best crypto exchange for trading.

[Finestream]

perhaps, you will know also if that particular strategy(ies) that you have followed is working or not as we are blind enough. I'm not against of doing it because I started trading by using this one, but of course, it was not I want to keep doing this, and that is a reason why I make my own strategies. Maybe you will also think that having our own way of trading will succeed but sometimes it will also fail. As for me, whether it was copy trading or not, as long as we are in profit, that is still fine and I will keep doing that without hesitation.

Regardless if copy trading is profitable or not, i think knowing the fact that you enter into trading, then you should develop within yourself a good trader, and not just a trader that is completely dependent from the other traders. So that if you fail, you have no one to blame. Also, knowing the fact that even pro or expert traders lose from their positions, so copying from them won’t still guarantee profits at the end of the day.

[GatotKaca]

This is not an advice for any newbie to use copy trading. I have seen many lead traders that are copied but losing. This is just about knowing if lead traders are truly making much money.

I mean lead traders to be those traders that newbies are automatically copying their trades.

Are you a lead trader? If you are, what is the best crypto exchange you can be a lead trader and what is the maximum profit in percentage?

Copy trading is not profitable. Although in two trades you can profit most of the time but you will end up losing.Always try to do analysis of trading yourself.People see it and never participate in e-trading.Binance Exchange is the best as the best crypto exchange for trading.

not all copy trades will end in defeat. if we follow traders who are good at placing trades. we can just continue to profit.
I do not condone this way for traders to thrive in the market. but some people are looking to profit from copy trading.

[abel1337]

This is not an advice for any newbie to use copy trading. I have seen many lead traders that are copied but losing. This is just about knowing if lead traders are truly making much money.

I mean lead traders to be those traders that newbies are automatically copying their trades.

Are you a lead trader? If you are, what is the best crypto exchange you can be a lead trader and what is the maximum profit in percentage?

Copy trading is not profitable. Although in two trades you can profit most of the time but you will end up losing.Always try to do analysis of trading yourself.People see it and never participate in e-trading.Binance Exchange is the best as the best crypto exchange for trading.

not all copy trades will end in defeat. if we follow traders who are good at placing trades. we can just continue to profit.
I do not condone this way for traders to thrive in the market. but some people are looking to profit from copy trading.

I haven't use copy trading yet but I agree that choosing a right trader to copy will generate you a profit. I believe that copy trading is still profitable knowing that there are still copy trading services still functioning. Newbies and traders just need to avoid those "fraud copy-traders" who are just there for your money, I've heard few stories about it and those services are from chatting apps like telegram who founders are just copying trades from other traders which is basically not the full concept of copy trading. You are paying the trader to copy their trade and not to copy other people trade and give it to you.

[Sanitough]

This is not a question of how profitable it is but how effective it is. Profit will depends on the amount traded. And the effectiveness or choosing whom to copy is the most important. It might be very efficient because you just copy someone else trade but becoming dependable to others but usually is the path of getting wreck.

Even if you say that you are copying trading from a higher position, that trade won’t still be profitable if he is also using a non-working and non-profitable strategy. That is why it’s not how profitable a trade is but more on how effective those trading strategies are that are enough to chase more profits than losses. However, for me copy trading is totally fine, but you should learn also by yourself on how to trade effectively  because that’s how good traders are supposed to do.

[Cryptomiles1]

I never tried copy trade before and based on how was taught then I was advised not to copy trade because you don't know how financially bouyant  the person you are trade is because you might copy and run lost at last before even the person you are copying loses. A simple words to those trading today is to make more efforts to get the best knowledge, do more research or study lots material online because the person you may sees as an expert might not be knowledgeable enough to make profits from his trades than letting newbies to copy trades from him.