Is copy trading a viable option for newcomers?

[coinerer]

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.

I can't agree with you. without trading skill it is possible to get profit by following trading signal. in this case he/she only need to know how to buy and sell crypto. no required any others knowledge. but if anyone want to trade by there own strategy and own research the he need a high trading skill and previous good experience. But since we are talking about copy trading here, I don't think it requires any high trading skills

[Pamadar]

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.

I can't agree with you. without trading skill it is possible to get profit by following trading signal. in this case he/she only need to know how to buy and sell crypto. no required any others knowledge. but if anyone want to trade by there own strategy and own research the he need a high trading skill and previous good experience. But since we are talking about copy trading here, I don't think it requires any high trading skills

If leaning with copy trading and nothing else, if by luck he might earn if the trader that he's copying will perform, the problem is there's always high volatility.

If the trader he's copying change their position, the one who's copying who doesn't have any knowledge
will surely lose as they can't change in time, possibly that the position will be burned and losing the investment
is not by far.

[MURONDI]

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?

Copy trading is an attractive method for beginners as it enables them to replicate the trades of experienced traders. The popularity of copy trading in the crypto industry indicates its acceptance. However, its effectiveness for newcomers depends on various factors, including the skills of the traders being emulated and market volatility. While it can offer learning opportunities, beginners should still conduct research and comprehend the trading risks.

[tokyohd]

I am speaking from my personal opinion...
Copy trading can be tempting for newcomers, but it comes with risks. While it allows you to mimic experienced traders' moves, it doesn't guarantee success. Crypto markets are volatile, and blindly following others could lead to losses.
I think, Newcomers should focus on learning and developing their trading skills.

[irhact]

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  

If you know how to trade, why would you trust any random individual on the internet to give you a correct signal when you can analyze the market with your own knowledge and make profits and also have the opportunity to learn from the trade since you did the prediction. Copy trading makes you lazy and when you're lazy you won't want to work which is why most traders that have been participating in copy trading find it difficult to quit because they have become lazy to analyze the market.

Copy trading can't give you the knowledge you need to become an expert trader. Copy trading can give you money but soon you would know that the money isn't everything as you can't compete with your follow traders as you lack the knowledge and experience they have.

[coinerer]

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.

I can't agree with you. without trading skill it is possible to get profit by following trading signal. in this case he/she only need to know how to buy and sell crypto. no required any others knowledge. but if anyone want to trade by there own strategy and own research the he need a high trading skill and previous good experience. But since we are talking about copy trading here, I don't think it requires any high trading skills

If leaning with copy trading and nothing else, if by luck he might earn if the trader that he's copying will perform, the problem is there's always high volatility.

If the trader he's copying change their position, the one who's copying who doesn't have any knowledge
will surely lose as they can't change in time, possibly that the position will be burned and losing the investment
is not by far.

When someone copy trades he is copying someone else's trading exactly and applying it without doing his own research.  So he will never know the probability of success of his trade so if he trades with big amount without predicting anything then he will face loss.  So it is foolish to put complete trust in copy trading.  And those who do not have trading knowledge should not do copy trading. this can lead to huge financial losses without anyone knowing.

[Pamadar]

When someone copy trades he is copying someone else's trading exactly and applying it without doing his own research.  So he will never know the probability of success of his trade so if he trades with big amount without predicting anything then he will face loss.  So it is foolish to put complete trust in copy trading.  And those who do not have trading knowledge should not do copy trading. this can lead to huge financial losses without anyone knowing.

Exactly better to focus on doing your own research and study before taking this business,

It's easy just to follow someone's way of trading and this kind of feature is already available online, just completely copy
someone's interpretation of the market and wait if that assessment will bring you or will let you earn from this business,
chances of success are slim if you don't have your own understanding since there are changes that you may encounter along
the way, without proper knowledge, you are doing your trade the same way with gambling.

[mvdheuvel1983]

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?

Copy trading should never be done by beginners. Ignore any YouTube influencers who urge new traders to mimic their trades because they are able to generate $1,000 or more per month from trading. They are merely endorsing sponsored and affiliate trading links to further their own interests. And most of these guys aren't experienced traders.

The majority of the comments I have seen on this topic have all reiterated the same advice for beginners: don't copy someone else's trade. Time, money, and knowledge are all being wasted by doing so.

[DaMut]

its not a bad idea at least if the source is a consistent profit maker, but you cant just depend on that for long. so if you start with copy trading as a newbie just to sustain yourself and pay bills and then learn how to be independent on yourself by learning how to trade yourself which will make you earn more and learn more. it is more better to be an independent trader than to rely on another person.