Have you ever used copy trading apps

[Pandu Geddon]

Just as my topic reads, I'm interested  to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading  app but never  never used it because I've tried downloading  it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅  but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

ah yes, I saw some youtubers promoting trading sites with copy trading. I don't know the success traders who copy other people's trades can get. that means if the trade is profitable, then you can get profit with deducting costs. but if the trade is losing, then you won't get anything.
Learning your trade on your own might be stressful for some beginners. but if you are really interested, trading with the results of your own analysis will be better than you following other people's trades like betting with your money run by other people.

[KingsDen]

I have ever tried to copy trading, and it's not worth it, I only made losses after some long time. It's better you learn how to trade yourself and try maybe getting a strategy into trading bots

It is good that you have tried the copy trading by yourself and testify that there are losses at the long run. Judging from the outside, I felt that the copy trading is a kind of Ponzi scheme and trading combined together. This is so because they would never tell you about losses, but about profits but we all know that there is no kind of trading without losses. What matters is that at the long run, your profits should supersede your losses.

My idea is that they use the money from new depositors to settle old members in terms of profits they make and since they could also generate money from trading and with the new inflow of money. It becomes a Ponzi scheme and trading managed together and it can be managed for a longer period of time.

[Jody.Drummer]

Just as my topic reads, I'm interested  to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading  app but never  never used it because I've tried downloading  it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅  but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

ah yes, I saw some youtubers promoting trading sites with copy trading. I don't know the success traders who copy other people's trades can get. that means if the trade is profitable, then you can get profit with deducting costs. but if the trade is losing, then you won't get anything.
Learning your trade on your own might be stressful for some beginners. but if you are really interested, trading with the results of your own analysis will be better than you following other people's trades like betting with your money run by other people.

Well I often see some creators advertising copy trading applications on some social media, I think this can be a good alternative for those beginners who don't want to bother with some of the steps they have to do when doing it themselves and they can use copy trading there. Well I agree, I think it's better to use our own way of trading, we can do it the way we want and it will indirectly further train our knowledge about this field. I once tried using one of the copy trading systems and at that time I got a win even though the profit was not too big, but strangely there was no satisfaction there. Although I was able to get the winnings I expected but I could not feel the satisfaction in the victory, maybe the problem is because we depend on others.
So the point is that it is better to use your own way of trading, although it is quite complicated in learning but believe me many successful traders have their own way of achieving success in the world of trading because they always learn from every mistake.

[GhulamOctaFX]

Just as my topic reads, I'm interested  to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading  app but never  never used it because I've tried downloading  it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅  but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

Dear Obari,

We apologise we could not respond to you earlier. Thank you for mentioning OctaFX and entrusting us as your broker. Copytrading is a feature introduced for people who find it difficult to find the time to trade or would entrust their investments with a more experienced trader. It is based on real trading and also involves the same level of risk. Due to this particular reason, we provide the filters for Master Trader traders by risk score (1-2 score traders take the least risk while trading) or by strategy (this can be seen via the Master Trader's trading history), among various other factors. Once you follow a Master Trader, your account would follow their trades. We recommend that you maintain the same amount of personal funds as the Master Trader you are copying to avoid stop outs. You are most welcome to check the details here at this link:
https://www.octafx.com/copy-trade/

You are most welcome to try our Master Trader search filter and find a Master Trader with the same school of thought regarding trading. For any further information, you are most welcome to contact us via live chat or email (support@octafx.com). We would like to know long you have been trading on our platform. We recommend you follow our social media platforms to stay updated with the latest news and promotions. We hope to hear from you soon.

Kind regards,
OctaFX Rep.

[fauzan Ichsan]

Just as my topic reads, I'm interested  to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading  app but never  never used it because I've tried downloading  it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅  but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

ah yes, I saw some youtubers promoting trading sites with copy trading. I don't know the success traders who copy other people's trades can get. that means if the trade is profitable, then you can get profit with deducting costs. but if the trade is losing, then you won't get anything.
Learning your trade on your own might be stressful for some beginners. but if you are really interested, trading with the results of your own analysis will be better than you following other people's trades like betting with your money run by other people.

Well I often see some creators advertising copy trading applications on some social media, I think this can be a good alternative for those beginners who don't want to bother with some of the steps they have to do when doing it themselves and they can use copy trading there. Well I agree, I think it's better to use our own way of trading, we can do it the way we want and it will indirectly further train our knowledge about this field. I once tried using one of the copy trading systems and at that time I got a win even though the profit was not too big, but strangely there was no satisfaction there. Although I was able to get the winnings I expected but I could not feel the satisfaction in the victory, maybe the problem is because we depend on others.
So the point is that it is better to use your own way of trading, although it is quite complicated in learning but believe me many successful traders have their own way of achieving success in the world of trading because they always learn from every mistake.

I think copy trading is indeed useful for beginner traders, but for those who already have basic trading knowledge, I think it's better to develop our own trading system, because using copy trading is not always profitable, there is no satisfaction in itself, and of course that way makes us lazy to develop into a pro trader, because we will always depend on copy trading, hopefully we will soon realize that. We can pay attention to those who copy trades, for example experiencing a loss, then he will dramatize, this is different from trading alone where loss and win are our friends, that's a normal thing, and we can take lessons to develop ourselves

[Obari]

Kind regards,
OctaFX Rep.

You guys have been in the forum since April  and my post has been the only post that has prompted your response and thats amazing 👏
I'm not sure most people know of this feature  of copy trading and you guys still have a lot of work as regards to publicity especially  in the forum and though I've seen some affiliate marketing by some influencers in my country, but that's mostly for the octafx app and not the copy trading feature but whatever the case might be, I think running some form of campaign to create awareness about the copy trading feature of your app will do alot of good both to your firm as well as traders.

You can rent my signature space if you find my idea attractive  or slide in my pm so we can talk and discuss more better about it.

[GreatArkansas]

(....)
What do you guys think about copy trading?
Let's discuss please

For me, my own opinion is, the first I noticed is the risk is not worth if. Because if you have a profitable trader from your master trader, the profit you will get is somehow few because of their charge, some are 10%-15%.
But there's a loose trade, you will lose huge.

We all know, not all trades will go well, so I think choosing a master trader that has a good risk: reward ratio or good and always look for long term here.

[cheezcarls]

Just as my topic reads, I'm interested  to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading  app but never  never used it because I've tried downloading  it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅  but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

I have never used OctaFX despite that it’s being advertised on Youtube frequently.

The only ones that I have used in copy trading are BitYard and Prime XBT. I also have eToro before that, but I have never deposited any amount there to be honest.

In my experience, the profit isn’t that much though from the traders that I have copied whether declaring long or short. Despite that it’s hands-off, the decision is not in our hands and we do not have the control over it.

Much better to learn how to read the charts, candlesticks, patterns, etc., when doing spot trading. It’s less riskier than copy, margin and futures.

[CarnagexD]

If you are worried about getting scammed, why did you still install it? Installing and still worrying about getting scammed would likely get you hacked/scammed in the first place if it's fake. You can be infected by doing that.

Don't think about it too much. If you believe that you can earn at it, do it. Just make sure you are risking a capital that you can risk.

Copy trading is the easy route. I would prefer to study on my own and make my own decisions.

Lol that's why he asked. Sure, actual trading from your own analysis would be great. But not all people can make their own analysis and take risk from it. Though they can see the opportunity in trading they simply don't want to submit to the stresses of trading. That is why copy trading is completely okay. It's not simply the easy route, it's just the route that works for other people and there's nothing wrong with that.

[DoublerHunter]

(....)
What do you guys think about copy trading?
Let's discuss please

For me, my own opinion is, the first I noticed is the risk is not worth if. Because if you have a profitable trader from your master trader, the profit you will get is somehow few because of their charge, some are 10%-15%.
But there's a loose trade, you will lose huge.

We all know, not all trades will go well, so I think choosing a master trader that has a good risk: reward ratio or good and always look for long term here.

^ A trader who prioritizes risk management and aims for a favorable risk-to-reward ratio is likely to have a more sustainable in trading and I agree that this can be especially beneficial for long-term success, as you have said. By choosing traders who emphasize these principles, you are more likely to have a good strategy that aims for consistent growth while minimizing the impact of potential losses.
In OP's question, I never tried using apps even in trading because I know they are not safe, web browsing is quite safe than them.

[Peanutswar]

Before I had a hectic schedule and of course I still want to earn through trading before I'm using the Etoro one of the known copy trade and I have a deposited balance of 500$ and up in case and seek for the normal trade not like a high baller traders and leave to the person I make copy trade those traders have their profile too that you can check their winrate and not all the time is a green day. I made profit that time but the problem is I let other people to make a trade for me which it becomes hard for me to decide that someday they might throw their trade so I decided to learn more in a day trade so I can monitor easily.

[Subbir]

What do you guys think about copy trading?

Your answer is in the second comment.

Let's discuss please

I think platform is not a problem if you want to trade, you just have to make sure that you are taking the right decisions, because many times it is humanly difficult to manage the trades, and make the right decisions. Many people make mistakes. If you can make sound decisions and use them well then you can hopefully do well in trading, then the platform will not be a hindrance to you.

[Patrol69]

Copy trading means relying entirely on technology. Copy trading is usually done in bot systems if I'm not mistaken. Depending on the technology in this trading system you have to risk money in this case this technology will work in a certain system where losses are more than profit so I will always try to avoid this technology. It will be good for our money and trading if we learn about trading ourselves by relying on copy trading. It will never be good for us if we take short cut to get profit from trading. The road to success is always difficult, so to become a successful trader by trading, we must acquire adequate knowledge about trading.

[Strongkored]

What do you guys think about copy trading?
Let's discuss please

Octafx is a broker for forex trading and as far as I know it is quite trusted, because I see quite a lot of forex traders in my community using this broker, if you are afraid of being scammed then why not search about the exchange first, because if the exchange is trusted then copy the trades they have that are just as reliable.
You have to understand that copy trade will not increase your chances of winning, it's just a way to make it easier for you to trade because you don't need to do any analysis other than following the leads you choose, but of course, you can't be sure of profit because it's impossible for a trader to always make a profit, and my experience with copy trading did not go well as the results were no better than trading on my own.

[michellee]

I haven't tried trading using octafx copy trading but I have tried copy trading on KuCoin. But the results are not as good as expected because the market changes and the people who copy the trades are not as good as the reviews I read. And I had a loss but it wasn't much because I just did a test out of curiosity

But as other friends have said, octafx is forex trading, which is different from the crypto trading we do. But I do not recommend copy trading to beginners new to trading because they must find information about the trader and learn about other trades.

If you want to use the copy trading feature, you have to know the trader, read his reviews to see if he really has good trading skills or not and so on.

[yhiaali3]

Copy trading is fine if the application is reliable, but you should not expect it to be a magical tool to make millions of dollars without any fatigue.

You need some experience in using copying applications, of course, in the first place, you have to choose the good and reliable application, otherwise you will lose your money.

Personally, I haven't tried the copy trading app, but I did try the copy trading option that is included as a feature on some CEXs, but unfortunately the results were not satisfactory enough.

[bettercrypto]

Just as my topic reads, I'm interested  to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading  app but never  never used it because I've tried downloading  it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅  but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

The only copy trade platforms I know are Bitget, Fairdesk and or ta fx which is always seen in Facebook ads. Then I can't say that copy trading is bad. Because if you can really make money by copying trading, why not do it, right?

just make sure that what you put your money in that you can trust to copy is based on the research you did here. Because it's not just a copy that will earn you money right away.

[justdimin]

For me, my own opinion is, the first I noticed is the risk is not worth if. Because if you have a profitable trader from your master trader, the profit you will get is somehow few because of their charge, some are 10%-15%.
But there's a loose trade, you will lose huge.

We all know, not all trades will go well, so I think choosing a master trader that has a good risk: reward ratio or good and always look for long term here.

I think if there is a big fee to use it, and the profits do not worth it, then that master doesn't really worth it neither. I have worked with some that had zero, just to get their name out there, and they were actually making a small amount of profit and during bear period that's not bad at all, but  then after getting a lot of followers they decide to charge a lot more and suddenly all their small return became nothing and even a loss at times.

This is why always try to find a way to trade yourself, if you end up trading based on what others telling you to do, then you are going to be dependent on them and they will be able to do whatever they want from you, this is why it's much better to make it look like it's different on the long end.

[GhulamOctaFX]

Kind regards,
OctaFX Rep.

You guys have been in the forum since April  and my post has been the only post that has prompted your response and thats amazing 👏
I'm not sure most people know of this feature  of copy trading and you guys still have a lot of work as regards to publicity especially  in the forum and though I've seen some affiliate marketing by some influencers in my country, but that's mostly for the octafx app and not the copy trading feature but whatever the case might be, I think running some form of campaign to create awareness about the copy trading feature of your app will do alot of good both to your firm as well as traders.

You can rent my signature space if you find my idea attractive  or slide in my pm so we can talk and discuss more better about it.

Hi Obari,

Thank you for your suggestions, it means a lot to us and we indeed take your feedback seriously. You are most welcome to contact us on any of our official social media platforms and share all the details of what you can offer. The relevant department will then contact you. For any further queries, you are most welcome to contact us via support@octafx.com. We are available for you around the clock.

Kind regards,
OctaFX Rep.

[GhulamOctaFX]

Just as my topic reads, I'm interested  to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading  app but never  never used it because I've tried downloading  it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅  but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

The only copy trade platforms I know are Bitget, Fairdesk and or ta fx which is always seen in Facebook ads. Then I can't say that copy trading is bad. Because if you can really make money by copying trading, why not do it, right?

just make sure that what you put your money in that you can trust to copy is based on the research you did here. Because it's not just a copy that will earn you money right away.

Dear Bettercrypto,

Copytrading is a feature introduced for people who find it difficult to find the time to trade. It is based on real trading and also involves the same level of risk. Due to this particular reason, we provide the filters for Master Trader traders by risk score (1-2 score traders take the slightest risk while trading) or by strategy (this can be seen via the Master Trader's trading history), among various other factors. You are most welcome to check the details here at this link:
https://www.octafx.com/copy-trade/

You are most welcome to try our Master Trader search filter and find a Master Trader with the same school of thought regarding trading. For any further information, you are most welcome to contact us via live chat or email (support@octafx.com). We recommend you follow our social media platforms to stay updated with the latest news and promotions. We hope to hear from you soon.

Kind regards,
OctaFX Rep.