Copy trading profitable?

[GeorgeJohn]

I am not a lead trader and I oftenly trade on Binance.But to be truth I don't think copy trading is much profitable at all. We should learn and research before opening any trade. We should not copy others because in crypto trading anything can be happened. So always do your own research.

In trading you most learn how trade with your own strategies way of making your Profit, coping someone dimensions of  trading point can leads to disadvantages which might come as a result of lost, because you don't actually know while the person you are trying to follow the system of it's way, are the person way of trading it's something that caused to get lost, so it's advisable to create a personal means of trading of coins.

[Silberman]

I am not a lead trader and I oftenly trade on Binance.But to be truth I don't think copy trading is much profitable at all. We should learn and research before opening any trade. We should not copy others because in crypto trading anything can be happened. So always do your own research.

In trading you most learn how trade with your own strategies way of making your Profit, coping someone dimensions of  trading point can leads to disadvantages which might come as a result of lost, because you don't actually know while the person you are trying to follow the system of it's way, are the person way of trading it's something that caused to get lost, so it's advisable to create a personal means of trading of coins.

And that is the problem with copy trading, the person which is copying someone else does not really know what is happening and why the other person is doing what is doing, also we must remember that no trader is perfect so if the other person makes a mistake while you are copying it then you are also going to make that mistake, and while the original trader could afford that mistake that does not mean that you can as the capital of expert traders and newbies has a huge difference in terms of their size.

[CryptocurencyKing]

Obviously there is a mastery of trading tactics or strategy when you are the sole originator of your entry point. It's of importance that one doesn't have to be involved in copy trading as it kill's any form of developing self confidence in a beginner trader. You build a dependency for other traders analysis and that can't make you any real trader.

Also, there might be changes in a trade and your likely not going to notice in time to make the necessary adjustments. Copy trading is not a strategy and a bad method to trade the market with.

[Casdinyard]

Obviously there has to be some sort of evidence that supports the methods to their madness. High possibility that there are a number of copy traders who do get profits from copying other's strategy or even acquiring a copy trading service. At the end of the day it's all a matter of perspective, and honestly if you aren't doing your own research even if for just copy trading, you're bound to lose all your investments eventually. Some form of knowledge or acquired information is still needed to at least effectively know who's the best to copy trade especially in various market conditions and seasons.

[dothebeats]

Anyone here actually successful in copy trading? If so, can you share who are the top 3 traders you copy and which software you use?

I don't see any good news in copy trading, rather you go learn how to trade very well so you can master the art of trading. Trading is supposed to be out own effort so we can amend in case of any thing that happens in the market. Those that do copy trading are likely to make mistakes that could make them make loses in time coming.

Copy trading can be profitable if you limit your trades. Of course, traders aren't always 100% on their trades, so you have to study their trading patterns, what times do they usually execute trades and check their profitability based on those times that you have. I've made quite some money from copy trading for a few weeks before I stopped doing it because of time constraints. 94% of my trade resulted to a profit, and the rest is loss but managed to get my initial investment of $100 to $170 and IMO that's already good return considering how passive copy trading can be.

[borovichok]

Copy trading is very essential and understandable to anticipate because it's easy and traders don't need to analyze any trade. Copy trading is meant for busy individuals who don't have enough time to evaluate on trading, they only copy and set their TP and Sl, then relax or go do their different business. Copy trading also leads to losses sometimes, because everyone cannot be 100% about their chances of gaining their profits. Its also profitable only when you copy the high level experts positions.

[Finestream]

Copy trading is good but you have to choose best trader who has performed very well in past. A good and genuine way to make some good income. One things always remember that nobody in this world is god to do exactly same as they want in trading so loss can be a part of copy trading as well apart from that copy trading can give some good profit because these trade handle by big and experienced trader.

I haven't tried yet but do you need to pay for the traders as well? I rather make my own trade that even I will lose sometimes at least I learn and I am expose to different things in trading. but then if people want to use and to try copy trading it is up to them, and the money they will be getting its up to them. but for me, I won't recommend it maybe because I am not used to it.

Even myself I have not been into copy trading so I don’t have any idea if you are going to pay for the trader as well or you don’t have to. I am into self- learning and have gained my skills and strategies on my own with no experts or mentors teaching me. And I must say it really pays off in the end. You gained more confidence and build growth as a trader, and for me that is way better than copy trading.

[awik p]

Copy trading is good but you have to choose best trader who has performed very well in past. A good and genuine way to make some good income. One things always remember that nobody in this world is god to do exactly same as they want in trading so loss can be a part of copy trading as well apart from that copy trading can give some good profit because these trade handle by big and experienced trader.

I haven't tried yet but do you need to pay for the traders as well? I rather make my own trade that even I will lose sometimes at least I learn and I am expose to different things in trading. but then if people want to use and to try copy trading it is up to them, and the money they will be getting its up to them. but for me, I won't recommend it maybe because I am not used to it.

Even myself I have not been into copy trading so I don’t have any idea if you are going to pay for the trader as well or you don’t have to. I am into self- learning and have gained my skills and strategies on my own with no experts or mentors teaching me. And I must say it really pays off in the end. You gained more confidence and build growth as a trader, and for me that is way better than copy trading.

Of course self-study will be better for the future than copy trading and we don't learn. I don't think it's easy to follow copy trading and find traders who have a clear consistency and portfolio. Of course, the trap is that many traders have a high profit record, to attract followers. what is clear, an unhealthy portfolio will contain a greater risk, we should not only focus on profits in our thinking

[rozak]

Of course self-study will be better for the future than copy trading and we don't learn. I don't think it's easy to follow copy trading and find traders who have a clear consistency and portfolio. Of course, the trap is that many traders have a high profit record, to attract followers. what is clear, an unhealthy portfolio will contain a greater risk, we should not only focus on profits in our thinking

some traders don't care about skills or knowledge. Profit is the main goal in trading.
yes, it may be wrong, but we can't blame those who like and enjoy copy trading from other people's trades. most importantly they know the risks of using their funds in trading.
it all depends on our choice, want to develop trading skills or want to develop trading instantly.

[Angel_gabriel]

Never in my life have I copy trade. Its not easy to make a good trade in crypto and very easy to lose money. Crypto trading might be profitable for the rich and of course you must know what you are doing. 

[TheUltraElite]

Obviously there has to be some sort of evidence that supports the methods to their madness. High possibility that there are a number of copy traders who do get profits from copying other's strategy or even acquiring a copy trading service.

Someone will always profit no matter what they copy while others will lose. Point is that the losers will not report that they lost money, because of utter shame while the winner will out of boasting, normal human nature. Hence newbies who are looking for such services, find the reviews from all these lucky winners about copy trading being profitable and they see only the good points.

At the end of the day it's all a matter of perspective, and honestly if you aren't doing your own research even if for just copy trading, you're bound to lose all your investments eventually. Some form of knowledge or acquired information is still needed to at least effectively know who's the best to copy trade especially in various market conditions and seasons.

Definitely true, without having your basic understanding of how trading is done, dont you feel your skin crawl trying to put your hard earned money in some coin you never heard of? Either these people have a rhino's skin or they got the money from illicit activities.

No method to make money is easy and looking for an easy money method leads to traps, this is something that every human being needs to plant in their head.

[bitgolden]

Of course self-study will be better for the future than copy trading and we don't learn. I don't think it's easy to follow copy trading and find traders who have a clear consistency and portfolio. Of course, the trap is that many traders have a high profit record, to attract followers. what is clear, an unhealthy portfolio will contain a greater risk, we should not only focus on profits in our thinking

some traders don't care about skills or knowledge. Profit is the main goal in trading.
yes, it may be wrong, but we can't blame those who like and enjoy copy trading from other people's trades. most importantly they know the risks of using their funds in trading.
it all depends on our choice, want to develop trading skills or want to develop trading instantly.

That’s wrong because they can't make a profit without skill or talent, and they are all depending on some other person who they have no dea what will do next. Whoever you follow, could either make you lose even on first trade, or could make you lose later on, or if you follow someone else and have no idea what they are doing, that person may stop and not do copy trading anymore.

Long story short it's not a smart decision to just trade based on some other person because they may end up being the reason you cannot profit. Sure, you could start as a newbie to follow others, but eventually you will have to grow and learn how you could trade by yourself and make a profit as well.

[Oilacris]

Of course self-study will be better for the future than copy trading and we don't learn. I don't think it's easy to follow copy trading and find traders who have a clear consistency and portfolio. Of course, the trap is that many traders have a high profit record, to attract followers. what is clear, an unhealthy portfolio will contain a greater risk, we should not only focus on profits in our thinking

some traders don't care about skills or knowledge. Profit is the main goal in trading.
yes, it may be wrong, but we can't blame those who like and enjoy copy trading from other people's trades. most importantly they know the risks of using their funds in trading.
it all depends on our choice, want to develop trading skills or want to develop trading instantly.

That’s wrong because they can't make a profit without skill or talent, and they are all depending on some other person who they have no dea what will do next. Whoever you follow, could either make you lose even on first trade, or could make you lose later on, or if you follow someone else and have no idea what they are doing, that person may stop and not do copy trading anymore.

Long story short it's not a smart decision to just trade based on some other person because they may end up being the reason you cannot profit. Sure, you could start as a newbie to follow others, but eventually you will have to grow and learn how you could trade by yourself and make a profit as well.

They are still making money or profit if the one they had followed do make money which is common sense but on the time that they do part ways then pretty sure that you would be ending up on having

no idea on what you would gonna do because you had just kept on following without even tending to learning which would be ending up for you to have that zero knowledge in the end.

Copy trading might or might not be profitable but on the essence of learning up things then it would be not a good thing for you to consider but if you are following and
at the same time you are learning up things or analyzing into those movements then it would be an another story.

[LUCKMCFLY]

Copy trading is good but you have to choose best trader who has performed very well in past. A good and genuine way to make some good income. One things always remember that nobody in this world is god to do exactly same as they want in trading so loss can be a part of copy trading as well apart from that copy trading can give some good profit because these trade handle by big and experienced trader.

I haven't done copy-trading yet, but the truth is that I would like to, at the moment I am not trading in crypto because I really don't know what can happen, but I have many things, so as not to lose my knowledge in trading I am only waiting in forex, I have no idea how to do in crypto, I have seen many traders who offer their services to do copy tarding, but it does not seem like such a good thing, because basically they are making a bet, it is like going to the casino and betting simple, keep it, because the only trade that could be done is BTC-USD, and it is quite volatile, lately the price changes that BTC has made are very high, so it is difficult, I don't know if they have already done that pair here and how has it gone?