copytrading

[Hispo]

I have heard about copy trading before, in some specific brokers and exchanges, like eToro.
I don't think copy trading is a good idea, specially if you are in a position where you can't afford to lose money because a bad position.

Let me put it this way, out in the market there are actual professionals, fund managers, investment advisors etc, who would charge your for their services and they have reputation they have built through the years.

If copy trading was profitable, it would be a direct competence to those professionals and services, which leads me to believe that when you accept the Terms of conditions of the copy trading, you agree the platform does not take any responsibility on the losses of your money and they may even not guarantee the reliably of their traders and their statistics.

There is a good reason why people hire a financial advisor instead copy trade, OP.
Take care of your money and do not get scammed.

[traderethereum]

Copy trading is not investing but a way of trading by following what other traders are doing.
You only need to imitate what they do and wait for the results but this method is not recommended because the market is still fluctuating as it is today.
You should buy bitcoins with the DCA strategy, where you can buy at a lot of low prices and keep them.
I never heard of bingx like you mean so you better be careful and not try copy trading like everyone else.
You should try to trade yourself with your abilities to improve your trading skills through analysis.

[doomloop]

Don't do this nonsense. Copy trading is a little less crappy than trading using telegram chat signals. A hopeless and unprofitable occupation. You definitely won't be able to make money off of this. If you have an idea how to make money on trading with minimal effort, then you can safely throw this idea out of your head, because it is unrealistic. In trading, you can earn only if you are a completely independent trader. In all other cases, even if you will have some kind of profit, it will be extremely small and incommensurable with the time costs that you use for this type of activity. Moreover, when it comes to such a ridiculous amount as $100, there is nothing to do in trading with such amounts.

I think it's inappropriate to call it nonsense because there might be people who are good at doing this or find it beneficial but if we are a starter, especially in crypto trading then we shouldn't jump on these things easily because it can do more harm than good.

The minimum amount to be able to do this is slightly higher but I think I know why. That is because you will still need to pay something for the platform that conducts this service. They are the ones who can earn a guaranteed profits and not the traders. So, you are right that if we have some knowledge in trading, it will be better if we can just be independent as it's more efficient to do than relying on these things.

[Silberman]

Don't do this nonsense. Copy trading is a little less crappy than trading using telegram chat signals. A hopeless and unprofitable occupation. You definitely won't be able to make money off of this. If you have an idea how to make money on trading with minimal effort, then you can safely throw this idea out of your head, because it is unrealistic. In trading, you can earn only if you are a completely independent trader. In all other cases, even if you will have some kind of profit, it will be extremely small and incommensurable with the time costs that you use for this type of activity. Moreover, when it comes to such a ridiculous amount as $100, there is nothing to do in trading with such amounts.

I think it's inappropriate to call it nonsense because there might be people who are good at doing this or find it beneficial but if we are a starter, especially in crypto trading then we shouldn't jump on these things easily because it can do more harm than good.

The minimum amount to be able to do this is slightly higher but I think I know why. That is because you will still need to pay something for the platform that conducts this service. They are the ones who can earn a guaranteed profits and not the traders. So, you are right that if we have some knowledge in trading, it will be better if we can just be independent as it's more efficient to do than relying on these things.

It is nonsense because copy-trading tries to violate one of the most basic trading principles, and that is that your profits are proportional to your level of skill, lets look at sports, which athletes are the ones that earn the most money? And in the majority of the cases you will find the most skilled athletes at their respective sports at the top, and how much are paid the mediocre players? Almost nothing and that is if they are being allowed to play at all at the professional level, and this same logic is true for trading as it is an activity in which your skill level determines your profits.

[Findingnemo]

Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?

Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?

Etoro platform is one of the most famous copy trading platform but I don't know why you choose copy trading and if you did because you heard something like you can become rich with no skill and less money then its just an advertisement gimmick to gather more traffic but in reality there is no guarantee that even top earning trader will do the next trade in profit.

[KingsDen]

Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?

Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?

The hundred dollars in question is it the one you will pay to the platform that will give you the opportunity to copy trade or is your capital for trading.
In either way I think it does not make sense or if it is what you have e been doing before and succeeding it is alright that you continue to do it.

But if the $100 is your capital I doubt it will fetch you much in this present situation of the crypto-currency market and if it is a subscription to a platform please save it, learn how to trade and take charge of your money and decision by yourself. It is better you blow your account yourself than relying on third-party idea to blow your money

[justdimin]

Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?

Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?

Etoro platform is one of the most famous copy trading platform but I don't know why you choose copy trading and if you did because you heard something like you can become rich with no skill and less money then its just an advertisement gimmick to gather more traffic but in reality there is no guarantee that even top earning trader will do the next trade in profit.

It is just advertisement gimmick and nothing more. Just because someone made some profit before, doesn't mean you could follow them up later on and make a lot of profit that way neither, that was then and now is now, there is a difference.

I made insane amount of profits back in the day as well and now I am not making that much profit, which proves my point that if you saw me just 3-4 years ago and even just 2 years ago, and how much I profited, you may have considered me as a great trader and follow me, but the past 1 year I have constantly lost money and if you started to follow me because of my past, you would have lost most of your money in the last 1 year.

[GeorgeJohn]

When you said copy trading you are making me to be confused over cryptocurrency market trading, do you really means emulating the systematic of trading, i believe that trading have to deals with information, from my perspective in trading. So therefore i think that needs more information to justify it's composition.

[LUCKMCFLY]

I like this topic, because I have a friend who started a little before me in the forum, and he is dedicated to hedge copu trading, it is what they give signals and people follow him and copy his trades, but of course they must pay, so this is something that at least does not catch my attention, unless the person doing the copy trading says and from his analysis and puts everything there, if a group were like that if I would like to do the copy trading, but Anyone who does that can invent their signs and pioneer others to follow their advice, this is something I don't like, because it is not known that they fundamentally abstained to analyze it.

[Volimack]

Analytical trading works well copy trading is not a good job at all it will hurt you a lot. Because if you copy his trading system and trade in his system then you will lose in few days. We should stop those who trade by copying the food trading system. And if he trades in his own system then you will not lose and you can learn a lot.

[CryptoYar]

Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars?

Have you tried bybit exchange for copy trading? It is very famous for copy trading.

I don't know what is minimum account balance is required for copy trading on this exchange. So you'll have to check by yourself.

And some tips to choose the best traders?

Find a trader that has good accuracy and has thousands or at least hundreds of trades in total.
*Remember every trade that makes a profit, 10% of that profit will go to the trader you are following.

[sana54210]

I like this topic, because I have a friend who started a little before me in the forum, and he is dedicated to hedge copu trading, it is what they give signals and people follow him and copy his trades, but of course they must pay, so this is something that at least does not catch my attention, unless the person doing the copy trading says and from his analysis and puts everything there, if a group were like that if I would like to do the copy trading, but Anyone who does that can invent their signs and pioneer others to follow their advice, this is something I don't like, because it is not known that they fundamentally abstained to analyze it.

I know a few people who do it too and they do not realize that copytrading is the reason why they are losing money, they keep saying that the person they followed was the trouble and they will make a profit after they find a better one, and that's an issue, I do not think that they just found a wrong person, they are actually quite bad in the long term for sure.

This is why I believe that we shouldn't be doing any copytrading, you may think that you found "the one" that could make you profit but thats not true, there is no the one and there won't be any. Someone could make you money for a while if you get lucky, but there is no long term solution to it.

[goaldigger]

When you said copy trading you are making me to be confused over cryptocurrency market trading, do you really means emulating the systematic of trading, i believe that trading have to deals with information, from my perspective in trading. So therefore i think that needs more information to justify it's composition.

There are site who enable this option where you can copy the trading strategy of a good trader but I think this is still too risky even on a small amount of money. If you are going to trade better to learn this on your own and don’t depend on any signal group or on a copy trading. I don’t suggest this one, better to use that small capital to learn more about trading and come back here once you already have a good skills for trading, it might take time but its worth it.

[Silberman]

I like this topic, because I have a friend who started a little before me in the forum, and he is dedicated to hedge copu trading, it is what they give signals and people follow him and copy his trades, but of course they must pay, so this is something that at least does not catch my attention, unless the person doing the copy trading says and from his analysis and puts everything there, if a group were like that if I would like to do the copy trading, but Anyone who does that can invent their signs and pioneer others to follow their advice, this is something I don't like, because it is not known that they fundamentally abstained to analyze it.

I know a few people who do it too and they do not realize that copytrading is the reason why they are losing money, they keep saying that the person they followed was the trouble and they will make a profit after they find a better one, and that's an issue, I do not think that they just found a wrong person, they are actually quite bad in the long term for sure.

This is why I believe that we shouldn't be doing any copytrading, you may think that you found "the one" that could make you profit but thats not true, there is no the one and there won't be any. Someone could make you money for a while if you get lucky, but there is no long term solution to it.

It is interesting how a single mistaken belief can be so damaging, the evidence is there for the people that you know to make the right conclusions and yet they fail to do so simply because they think that copy-trading is a legitimate way to make money in the markets, it seems it never occurred to them that even if by some miracle they could find a person which could give them the success they are looking for, they will go back to square one the moment that person decided to not allow anyone else to copy his trades as now he is making a lot of profits and now he fears some of those traders copying him could figure out his profitable strategy.

[Mpamaegbu]

Before you mirror someone else's trade you should first find out the repercussions in it. There's this mischievousness of market markers hunting down stoploss and that is bound to wipe big accounts, definitely copy traders will be affected too. Again, from your $100 you will have to pay certain commission to the trader you're copying their trades if at all you make any profit from it. The best advice will be for you to learn how to trade yourself.

[Hamza2424]

Copy trading is for those who own a lot of money + they don't have time to spend on the analysis and all the trading-related stuff but i am damn sure a newbie or a person who owns a few amounts of money should not try this. As recently in Pakistan copy trading by students from the waqar zaka official was the hot topic for taking wrong trades in volatile market.   

[mvdheuvel1983]

According to my own observations, when I copy the trades of experts, they end up losing more than 50% of my trades.
Personally, I like to trade alone.
The exoert traders use extremely high leverage when trading short-term, and if you use a stop loss of at least 50%, you simply cannot complete their trades with your money still in tact. I find this too risky for my liking. I'm still not ready to take the risk of copy trading.

[dansus021]

I'm gonna share my personal experience of copy-trading I have been copied on 2 platform the first one is bingbon and now called BingX is futures paltfrom like bybit i deposited 100$ might not much for you guys but this a lot for me and then I'm ending up a couple of dollar and total doomed
and second I tried binance traderwagon and same i tried it with 200$ and ending up 30$ 

I don't know why maybe I choose the wrong lead trader but after loosing money I decided to stop but sometimes I see people share their profit and make tempting again 

The better choice if you want to try copy trade is by watch their Winrate, 30D ROi and 30D MDD and Runtime

In my opinion trading is more like gambling  you can earn much but you can also lose much

If I were you learn how trade work and try in spot before put big money on it

[DanWalker]

Copy trading is for those who own a lot of money + they don't have time to spend on the analysis and all the trading-related stuff but i am damn sure a newbie or a person who owns a few amounts of money should not try this. As recently in Pakistan copy trading by students from the waqar zaka official was the hot topic for taking wrong trades in volatile market.   

Even people with a lot of money should not use copy trading. We should analyze and trade by ourselves, relying on others will be very difficult to achieve good results, I have not seen anyone succeed by copying others.

To the OP, what you need is knowledge, not copying. As I said, I haven't seen anyone succeed by copying others. Most newbies will choose the path you are choosing, and then they give up on it because of a loss and do not bring any useful knowledge. So hope you don't go their way.

[michellee]

Instead of copy trading, you should trade yourself by trying to do an analysis. It will be better because you can also improve your analytical skills so that it will be better than before. In addition, you don't need to be confused about choosing the best trader to copy because you will never know whether he is really the best trader or if he is just lucky enough to trade. But if you have better trading skills, you cannot depend on others and can trade whenever you want.