Is copy trading a viable option for newcomers?

[taufik123]

when you opt for this route, don't expect that what the trader achieved so far, will be your achievement as well. it may not be bad at all if you will follow them at the beginning, but you should have  long-term goals, which is to be independent and have your own insights towards the trading market.

Actually, I don't really rely on them as copy-trading mentors.
And as I said, the copy trading I use is just to see how a professional trader with a large following sets up his strategy so that I can judge and see how he works.

Trading independently is the most recommended, because we will learn how to read the market with technical analysis, pay attention to the market from a fundamental point of view, and do risk management and money management.

My long-term goal is to continue learning and holding what I need to hold, such as holding Bitcoin for the long term.
As well as learning how the crypto market works. Not just relying on others.

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[alastantiger]

Trading independently is the most recommended, because we will learn how to read the market with technical analysis, pay attention to the market from a fundamental point of view, and do risk management and money management.

Yes, trading independently would require that the trader work hard and make effort while copy trading on the other hand is similar to following shortcuts and no efforts. In fact what I advice beginners is that they should stay away from not just copy trading but also from trading signals.

Because nine out of ten times, you can be guaranteed that the copy and trading signals you received have already been acted upon and they who are the early birds have already gotten the ideal entry. The worse of it is that you end up learning nothing for yourself. You can't even say you are a trader because copy traders do not trade.

[taufik123]

-snip-
In fact what I advice beginners is that they should stay away from not just copy trading but also from trading signals.
-snipp

Yup, trading signals seem to be of interest to beginners at the moment.
Just look at how many trading signal groups for crypto-only give buy and sell numbers without informing the chart so that as a beginner you don't understand why these numbers can occur.

Most of what happens is just manipulation so that many beginners enter at the recommended price so that the signal maker can sell higher.
There are many fraudulent practices like trading signals and that is just one of them.

Instead of believing in trading signals, it's better to hone your technical and fundamental analysis skills by trading manually.
Use basic knowledge and learn, it will be better. Nothing is easy, everything starts from scratch and it takes process.

[Stedsm]

I remember an influencer who recommended a good trader for copy trading and was using Bitget or Bybit and even the trader was doing great during those days. He made around 500% in a month only and was becoming popular, so lots of people started copying his trades. His strategy was aggressive and due to that, whenever he saw a loss incoming, he didn't close it but open a new position in the same direction. Due to this, he made everyone lose almost everything as all his trades got liquidated and he went from +500% to -100% in just a week later.

Copy trading is riskier than you think, and I believe that why trade on others' knowledge when you can also do that? At least you won't regret that you would have traded yourself, but you copied someone else and you suffered from their trading decisions.

[nurilham]

Yes, copy trading may be effective in seeking for profits but only for those who are willing to take the risk and know exactly those risks involved. However, for beginners in trading, I cannot guarantee that they can manage properly the risk in copy trading, especially that they have less experience as traders and are not completely aware on how to make money in trading, most particularly on how copy trading works and become profitable. But I must say copy trading is a great way to make money, it’s just that the risks involved are not applicable for beginners.

Not every time copy trading works well, especially for newbies. I think a newbie needs to use the strategy that is suitable for them, not following the popular trading strategy. Although the newbies can take the risks, but the copy trading may not work well if the newbies only follow it without good understanding of the trading strategy.

Indeed. No guarantee that copy trading will be suitable for newbies, even it may be not suitable for experienced traders as well. For me, the best way to trade is by using our own way, using the trading strategy that is proven to be effective with our trading nature. IMHO, copy trading isn't only about the risks but it is about how well it suits our trading style.

[Pamadar]

Yes, copy trading may be effective in seeking for profits but only for those who are willing to take the risk and know exactly those risks involved. However, for beginners in trading, I cannot guarantee that they can manage properly the risk in copy trading, especially that they have less experience as traders and are not completely aware on how to make money in trading, most particularly on how copy trading works and become profitable. But I must say copy trading is a great way to make money, it’s just that the risks involved are not applicable for beginners.

Not every time copy trading works well, especially for newbies. I think a newbie needs to use the strategy that is suitable for them, not following the popular trading strategy. Although the newbies can take the risks, but the copy trading may not work well if the newbies only follow it without good understanding of the trading strategy.

Indeed. No guarantee that copy trading will be suitable for newbies, even it may be not suitable for experienced traders as well. For me, the best way to trade is by using our own way, using the trading strategy that is proven to be effective with our trading nature. IMHO, copy trading isn't only about the risks but it is about how well it suits our trading style.

No guarantee, but there are always open opportunities if the timing is right. I think copy trading for newbie adds up more pressure as
newbie doesn't have any idea if it's the first time they deal with the business.

Not a guarantee as those experienced traders that they are following can handle pressure when
dump happen while newbie will panic and be unable to hold and sell the asset because of fear of
losing their money.

[blockman]

I remember an influencer who recommended a good trader for copy trading and was using Bitget or Bybit and even the trader was doing great during those days. He made around 500% in a month only and was becoming popular, so lots of people started copying his trades. His strategy was aggressive and due to that, whenever he saw a loss incoming, he didn't close it but open a new position in the same direction. Due to this, he made everyone lose almost everything as all his trades got liquidated and he went from +500% to -100% in just a week later.

This is why it's risky to copy trade, you'll never know what's in the mind of the person that you're copy trading. Much better to lose it in your hands and you learn a valuable lesson. Whilst, there's still a valuable lesson on that experience that you've shared and that's not to trust traders on any platform that you're about to copy trade or much better don't copy trade. If you insist and still copy trades, just keep on track your wins and always take profit.

Copy trading is riskier than you think, and I believe that why trade on others' knowledge when you can also do that? At least you won't regret that you would have traded yourself, but you copied someone else and you suffered from their trading decisions.

Agree. There's no other better person to trade for you and that's you. Get experience, learn the market, the charts and everything that circulates on trading. In the end, you'll still be the winner on this one.

[dunfida]

Yes, copy trading may be effective in seeking for profits but only for those who are willing to take the risk and know exactly those risks involved. However, for beginners in trading, I cannot guarantee that they can manage properly the risk in copy trading, especially that they have less experience as traders and are not completely aware on how to make money in trading, most particularly on how copy trading works and become profitable. But I must say copy trading is a great way to make money, it’s just that the risks involved are not applicable for beginners.

Not every time copy trading works well, especially for newbies. I think a newbie needs to use the strategy that is suitable for them, not following the popular trading strategy. Although the newbies can take the risks, but the copy trading may not work well if the newbies only follow it without good understanding of the trading strategy.

Indeed. No guarantee that copy trading will be suitable for newbies, even it may be not suitable for experienced traders as well. For me, the best way to trade is by using our own way, using the trading strategy that is proven to be effective with our trading nature. IMHO, copy trading isn't only about the risks but it is about how well it suits our trading style.

No guarantee, but there are always open opportunities if the timing is right. I think copy trading for newbie adds up more pressure as
newbie doesn't have any idea if it's the first time they deal with the business.

Not a guarantee as those experienced traders that they are following can handle pressure when
dump happen while newbie will panic and be unable to hold and sell the asset because of fear of
losing their money.

It would be the opposite on which they wont really be feeling that kind of fear but rather they would really be that optimistic that they would become profitable on the time that they had set out that copy trading.Their hopes and positiveness is high just because this is the main thing that they do have in mind is that they had already set out something that brings out money but on the time that reality do kicks in then this is where realization will really be telling them that it isnt really just that enough on making yourself that relying with those copy trades which do came from other traders as well. We know that we are all speculators here on this market on which there's no assurance about being profitable in the end of the day and this is something that people should really be realizing because thats how reality works. If you arent really that really that mindful
or being that realistic then you would really be sticking on being that too positive despite on having that kind of reality.

[Taskford]

Yes, copy trading may be effective in seeking for profits but only for those who are willing to take the risk and know exactly those risks involved. However, for beginners in trading, I cannot guarantee that they can manage properly the risk in copy trading, especially that they have less experience as traders and are not completely aware on how to make money in trading, most particularly on how copy trading works and become profitable. But I must say copy trading is a great way to make money, it’s just that the risks involved are not applicable for beginners.

Not every time copy trading works well, especially for newbies. I think a newbie needs to use the strategy that is suitable for them, not following the popular trading strategy. Although the newbies can take the risks, but the copy trading may not work well if the newbies only follow it without good understanding of the trading strategy.

Indeed. No guarantee that copy trading will be suitable for newbies, even it may be not suitable for experienced traders as well. For me, the best way to trade is by using our own way, using the trading strategy that is proven to be effective with our trading nature. IMHO, copy trading isn't only about the risks but it is about how well it suits our trading style.

Most of the newbies doesn't care about strategy because their main intention is to gain money. Maybe realization that they need to learn will came late when all things fall apart and the person where they copy their trades gone. Newbies should realize that there's no easy life on trading and they need to spend lots of time researching since if they base their trades to other people well they cannot learn something and remain a newbie in the industry.

[GeorgeJohn]

Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?

I know that people do emphasise on copy trade but for me I don't think it's encouraging to be using copy trade  so therefore..it's good for you to learn and understand the basics things of trading before you venture into trading, learning of trading and understand it will give more confidence than copy trade, many newbies have venture into disadvantages of trading by following the steps of other traders as a reliable one, while trading is a skill which we can acquire and follow it consistently.

[Pamadar]

Yes, copy trading may be effective in seeking for profits but only for those who are willing to take the risk and know exactly those risks involved. However, for beginners in trading, I cannot guarantee that they can manage properly the risk in copy trading, especially that they have less experience as traders and are not completely aware on how to make money in trading, most particularly on how copy trading works and become profitable. But I must say copy trading is a great way to make money, it’s just that the risks involved are not applicable for beginners.

Not every time copy trading works well, especially for newbies. I think a newbie needs to use the strategy that is suitable for them, not following the popular trading strategy. Although the newbies can take the risks, but the copy trading may not work well if the newbies only follow it without good understanding of the trading strategy.

Indeed. No guarantee that copy trading will be suitable for newbies, even it may be not suitable for experienced traders as well. For me, the best way to trade is by using our own way, using the trading strategy that is proven to be effective with our trading nature. IMHO, copy trading isn't only about the risks but it is about how well it suits our trading style.

Most of the newbies doesn't care about strategy because their main intention is to gain money. Maybe realization that they need to learn will came late when all things fall apart and the person where they copy their trades gone. Newbies should realize that there's no easy life on trading and they need to spend lots of time researching since if they base their trades to other people well they cannot learn something and remain a newbie in the industry.

Most and they will only realize that knowledge is very important once they already suffer from big losses, just like what you mentioned after seeing that they lost the one that they just copy.

Sooner or later, if the person really wanted to succeed, they need to work it out and try learning
the right process and not just blindly follow whatever they think will be good for them in terms of the business or investment that they've taken.

[goldkingcoiner]

Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?

I believe that copy trading is a bit pointless unless you are 100 percent sure that you want to trust a total stranger not to make losses more than profits. Personally, I would not trust anyone or anything other than myself to do my trading.

The best thing for a newbie to do is to practice with test coins on a testnet. There are even good testnets for derivatives trading, once you get the hang of spot trading.

Personally I prefer deribit testnet . But there are others.

[Kelvinid]

Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?

I believe that copy trading is a bit pointless unless you are 100 percent sure that you want to trust a total stranger not to make losses more than profits. Personally, I would not trust anyone or anything other than myself to do my trading.

The best thing for a newbie to do is to practice with test coins on a testnet. There are even good testnets for derivatives trading, once you get the hang of spot trading.

Personally I prefer deribit testnet . But there are others.

Well, you have some point but as we are talkng about learning trading, something to say that we can gain some idea from that way. Of course, we can't keep reliant on this as we continue but for me, this serves as a stepping to stone. If we can't get more ideas from copy trading, well, at least we already have gain experience which can also be used as we continue our journey. Because being a newbie to trading doesn't mean we have to learn fast and profit fast. Being a newbie means we are just adopting the new environment and certainly, we lose money because whatever you do or any strategies, we still end up losing but at the same time we are also learning.

[coinerer]

Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?

I believe that copy trading is a bit pointless unless you are 100 percent sure that you want to trust a total stranger not to make losses more than profits. Personally, I would not trust anyone or anything other than myself to do my trading.

The best thing for a newbie to do is to practice with test coins on a testnet. There are even good testnets for derivatives trading, once you get the hang of spot trading.

Personally I prefer deribit testnet . But there are others.

Well, you have some point but as we are talkng about learning trading, something to say that we can gain some idea from that way. Of course, we can't keep reliant on this as we continue but for me, this serves as a stepping to stone. If we can't get more ideas from copy trading, well, at least we already have gain experience which can also be used as we continue our journey. Because being a newbie to trading doesn't mean we have to learn fast and profit fast. Being a newbie means we are just adopting the new environment and certainly, we lose money because whatever you do or any strategies, we still end up losing but at the same time we are also learning.

Many people are constantly doing copy trading and while doing this trading, they can understand themselves and gain good profit by adopting their own training strategies, but this happens to those who are interested in learning trading even though they are doing copy trading. But those whose intention is only to make some income by copy trading, they may be able to make some profit for a temporary period but cannot gain anything good. There are various types of paid channels where trading signals are provided which are very effective but spending time behind them and doing no research on your own will never lead to good trading knowledge.

[shivansps]

Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?

There is probably nothing wrong with this, but it must be borne in mind that if a beginner starts trading using trading copies, then he will not develop himself, that is, he simply blindly follows you with the signals that are offered to him
For a beginner, it’s most likely worth first understanding the basics of trading, understanding what’s what, gaining the necessary experience, and then deciding which is better
But it is worth noting that the best way to understand whether a strategy is good or bad is to look at the result. If it makes you money, then it's good. If it works, then you can use it and at the same time gain experience and learn how to trade.

[rojan]

Many people are constantly doing copy trading and while doing this trading, they can understand themselves and gain good profit by adopting their own training strategies, but this happens to those who are interested in learning trading even though they are doing copy trading. But those whose intention is only to make some income by copy trading, they may be able to make some profit for a temporary period but cannot gain anything good. There are various types of paid channels where trading signals are provided which are very effective but spending time behind them and doing no research on your own will never lead to good trading knowledge.

Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money. However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.

[DanWalker]

Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money.

Making money in trading has never been easy even for top traders because the market is very unpredictable, all analysis is probabilistic, no guarantees. I have never heard anyone say that making money from trading is easy and easy.

However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.

In short, we will lose money even if we trade immediately when we receive a signal or trade later. So why should we waste our time and money joining those groups?

Whether we are new or old, if we want to make money by trading, we should research and learn everything by ourselves instead of depending on others. Because nobody has a crystal ball to know about the future, and it's all just predictions based on experience and knowledge, and these two things we can equip ourselves with.

[promise444c5]

Copy trading can be interesting but expect other outcomes, its not your strategy,not your effort, so you can copy trade and geta good outcomes otherwise  possibilities bad outcomes. Your probability of making profit in a scale of 5 is 2/5 but if you know how to trade your self . Atleast  you  could copy trade and still edit that particular trade making it two heads in a trade . I will just advice to learn first before starting any form of trading and remember  when you lose money then the real definition of you becoming a good trader begins you either continue to learn from your mistakes  or blackout  ,actually I won't want you doing that  

[Bitcoin_people]

Many people are constantly doing copy trading and while doing this trading, they can understand themselves and gain good profit by adopting their own training strategies, but this happens to those who are interested in learning trading even though they are doing copy trading. But those whose intention is only to make some income by copy trading, they may be able to make some profit for a temporary period but cannot gain anything good. There are various types of paid channels where trading signals are provided which are very effective but spending time behind them and doing no research on your own will never lead to good trading knowledge.

Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money. However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.

However, without the knowledge of training, it is never possible to make a profit, especially those who are new can never acquire good skills about trading. But it is true that in order to make money a person must have a special knowledge of the market to be able to profit successfully. Moreover, there are many channels that give signals about trading, if you follow them, you can profit, but you have to follow them at the right time, otherwise it is not possible to make a profit. Trading must be done carefully or face losses. And I think that if you want to trade, you should do it with your own skills, but you can earn by trading at any moment.

[irhact]

Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money. However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.

Some individual who want to be trading can make money from copying trading but this set of individual should not forget that they won't be gaining any knowledge from copy trading and they also can't read charts to understand the market and interpret how the market will be moving when they stop getting the signals or it turns out to be wrong signals in the future. They'll be left with nothing and that's why depending on signal trading is not good for a trader.

It's better you use the time today to learn how to trade by yourself and be able to interpret the chat's as it helps you to learn from your mistakes when you don't get the interpretation correctly and it adds to your knowledge and improves your chances of been a professional.