Is copy trading a legit way of income for beginners or just a marketing tactic?

[bitgolden]

Copy trading isn't for beginners. Only mid level traders and professional or expert traders should copy trade. By the way, this.isnthe most laziest way to make money off of trading. Real and more experienced traders would never advice any beginner to copy trade because there is no skill acquired from copy trade. Beginners are called beginners for a reason. They have to start from the beginning and learn the basics of trading. Their priority at the beginning should never be to make money but to learn the steps that it entails.

I agree that you are going to be trading yourself instead of making the movement yourself and that's why there is going to be something that will make some changes for some people if they end up copy trading, it's better to make a change yourself and trade yourself if you can. However, I do not think that mid level and veteran traders will end up using copy trading, that doesn't really make any sense and I think that it will not be something that will benefit anyone at all.

I think it's obvious that we are going to end up with a situation that will be better. This is why it's easier to just focus on what you have and instead of copy trading as a veteran, let that be the what newbies do, newbies should copy the veterans instead.

That's the way it should be going, if you end up trading yourself then you will know what went wrong and where it went wrong, if you keep doing copy trading you do not know what the person you copied did and why he did it and why it went wrong, and you will not be able to fix it in the future.

Learning how to trade is not good for just profits, it's good for the losses as well and the return will certainly be decent without a doubt. I think it's the most important part because we are talking about something that will benefit you when you lose, since you will be able to just put it all ahead of you and will make sure that you are doing the right thing. It's not simple, but you will be better because of each loss if you do that.

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[MFahad]

I think copy trading wouldn't make sense anymore if we are already good at investigating things. So, I believe that copy trading is mainly created for the newbies to help them earn immediately in the trading scene even with less knowledge on their head. The only thing that a newbie will take care of is the winning rate of the traders.

A high winning rate basically means they are more successful in their trades so they can just go for it. I still think that these newbies will soon try to trade on their own because they will get curious if how it's like earning a full income and also if they will get tired of losing money because the trader did not perform well or they picked up a scam platform.

Copy trading are created for newbies because newbies do not know anything bad or good about  market even they don't know that here lots of scammers exists which only provides you new ways for getting money.

Older traders are not easily caught in such activities because they realized every situations and have information about every expert trader that who provide accurate information and who is a fake provider.

For newbies copy trading will matters a lot because what they learn at start they will follow that path always so try to initiate your path of success with good knowledge.

[Kelvinid]

Copy trading OP is really a good way for newbies to learn about trading but we couldn't say that newbies can earn money from that as it depends on where they get it. What I mean is that it depends on the source of information because many people had fallen into the wrong group pretending that they are good at this but yes, they're making nonsense. Although I don't discourage for newbies to do copy trading at least they know who the person that they are following or else, this will give them a nightmare and the wrong direction.

[Mahanton]

Copy trading isn't for beginners. Only mid level traders and professional or expert traders should copy trade. By the way, this.isnthe most laziest way to make money off of trading. Real and more experienced traders would never advice any beginner to copy trade because there is no skill acquired from copy trade. Beginners are called beginners for a reason. They have to start from the beginning and learn the basics of trading. Their priority at the beginning should never be to make money but to learn the steps that it entails.

I agree that you are going to be trading yourself instead of making the movement yourself and that's why there is going to be something that will make some changes for some people if they end up copy trading, it's better to make a change yourself and trade yourself if you can. However, I do not think that mid level and veteran traders will end up using copy trading, that doesn't really make any sense and I think that it will not be something that will benefit anyone at all.

I think it's obvious that we are going to end up with a situation that will be better. This is why it's easier to just focus on what you have and instead of copy trading as a veteran, let that be the what newbies do, newbies should copy the veterans instead.

That's the way it should be going, if you end up trading yourself then you will know what went wrong and where it went wrong, if you keep doing copy trading you do not know what the person you copied did and why he did it and why it went wrong, and you will not be able to fix it in the future.

Learning how to trade is not good for just profits, it's good for the losses as well and the return will certainly be decent without a doubt. I think it's the most important part because we are talking about something that will benefit you when you lose, since you will be able to just put it all ahead of you and will make sure that you are doing the right thing. It's not simple, but you will be better because of each loss if you do that.

On copy trading, you wont really be making yourself that progressive or something that would really be knowledgeable since you are heavily been relying on things which are automated or done by someone on which it is really just that sensible that you should be the one on making up that trade if you do really want to know about trading without relying on to those copy trades or something in automation.People who are really that
doesnt want to do hard work and would just be going easy go lucky kind of behavior would definitely be touching up that copy trade or would really be that going on relying with bots which is something that you would really be definitely do but for those people who are mindful on becoming that a good trader would surely be going against with this kind of idea on which it is really that something a very typical thing or decision would be made. Its just a marketing tactic for those who are really that making those kind of claims about having that sure income which it cant really be that true.

[AicecreaME]

Copy trading is easy, less hassle, however, the challenge on it is to find the right trader that'll give you profits most of the time. The disadvantage is that his trading funds could be bigger than yours so there's a chance that your funds could be burnt in no time while his funds doesn't even budge. So in my opinion, doing copy trading has its own risk and the final decision is yours to make.

Even copy trading is much easier than regular trading, it still need something to do or maintain especially in the beginning. A lot of research need to be done on the trader you are copying and the strategy that the professional trader is doing because like you said you can be burned if you don't have that much funds. Basically, it's not something that a pure newbie who can successfully execute everytime. I think it's for someone that has an experience to fully take advantage of this service/system.

I disagree.

I don't think looking up to the trader's profile you want to copy is a "lot" research to do, that's why it's called copy trading. Also, there's nothing like "this is just for a newbie" and "this is just for the pro", anything that a certain individual wanted to try is okay, those experience traders that you're talking about was also newbies, you're never going to be a professional on trading or in any field if you're going to apply that kind of mindset of yours.

We gain experience by trying things out, not by avoiding it.

[perfect999]

That's the way it should be going, if you end up trading yourself then you will know what went wrong and where it went wrong, if you keep doing copy trading you do not know what the person you copied did and why he did it and why it went wrong, and you will not be able to fix it in the future.

Learning how to trade is not good for just profits, it's good for the losses as well and the return will certainly be decent without a doubt. I think it's the most important part because we are talking about something that will benefit you when you lose, since you will be able to just put it all ahead of you and will make sure that you are doing the right thing. It's not simple, but you will be better because of each loss if you do that.

This isn't easy for the newbies and they end up making moves that would be mainly because others told them to do it. I understand that it's a mistake to follow orders from other people and that is why people should avoid it as much as they possibly can but that doesn't mean that they are going to be able to make their own trades as soon as they start.

So, this is why I think it should be important to have a little separation, which means that when you are buying something you could potentially buy something just because someone else said, but you should also be able to understand what went wrong when you bought something and it dropped in price, it will allow you to make a bigger and better trade in the future.

[Bitcoin_people]

~~

For trust issues, it all depends on the copy trading platform that will be used. Because if the copy trading platform is indeed trusted and has a very good reputation, in general a copy trading platform like that can be said to be trusted.

People trust and believe in all the copy trading that exists today. Most of the people now follow these platforms and start trading so that they don't face losses. But I think it can be a good sign for the purpose of profit but very bad if copy trading is basically facing loss. I think it's best to start trading later by using your own experience rather than copy trading. Because most of the times we have seen wrong advices from many platforms and people face lot of loss due to it so it is best to trade with your own knowledge. Since traders today believe in copy trading to make more money in a shorter period of time, it is difficult to say how certain it will be in the future.

[justdimin]

I don't think looking up to the trader's profile you want to copy is a "lot" research to do, that's why it's called copy trading. Also, there's nothing like "this is just for a newbie" and "this is just for the pro", anything that a certain individual wanted to try is okay, those experience traders that you're talking about was also newbies, you're never going to be a professional on trading or in any field if you're going to apply that kind of mindset of yours.

We gain experience by trying things out, not by avoiding it.

If we are talking about just checking one profile then maybe you will not consider that as researching. However, if you check 50 profiles, and check every bit of trades they did and check when they bought something and why they bought it there and what was the indicators looking when they made that deal, and do this for all the fifty profiles then suddenly you are checking top 50 best return people and how they trade.

Suddenly that becomes a huge research and you are going to end up picking one if you like it, or if not you could find the common ground on what they trade and why and how, then you could make it even yourself without actually copying them if you do not want to as well because you did an extensive research on them.

[KingsDen]

~~

For trust issues, it all depends on the copy trading platform that will be used. Because if the copy trading platform is indeed trusted and has a very good reputation, in general a copy trading platform like that can be said to be trusted.

People trust and believe in all the copy trading that exists today. Most of the people now follow these platforms and start trading so that they don't face losses. But I think it can be a good sign for the purpose of profit but very bad if copy trading is basically facing loss. I think it's best to start trading later by using your own experience rather than copy trading. Because most of the times we have seen wrong advices from many platforms and people face lot of loss due to it so it is best to trade with your own knowledge. Since traders today believe in copy trading to make more money in a shorter period of time, it is difficult to say how certain it will be in the future.

Be it normal trading, be it day trading, be it copy trading or is it bot trading, there is a certain amount of losses and gains in the above types of trading. What differentiate it is the frequency of the losses and that of the profits. If someone is trading without any help and making good profits, it is better than someone who is using copy trading strategy and losing money.

It is not everyone that knows how to trade, that is why we have all these signal groups to help people. I will advise that if anyone should use signal group, at least they should know how the market is moving so that when things are going wrong, they will be able to decipher and make independent decisions.

[savetheFORUM]

Copy trading OP is really a good way for newbies to learn about trading but we couldn't say that newbies can earn money from that as it depends on where they get it. What I mean is that it depends on the source of information because many people had fallen into the wrong group pretending that they are good at this but yes, they're making nonsense. Although I don't discourage for newbies to do copy trading at least they know who the person that they are following or else, this will give them a nightmare and the wrong direction.

Some exchange platforms actually provide copy-trading opportunities for newbies, so it is not like they need to go around looking for good traders so that they can follow their trades. However, I would still not recommend a newbie to use copy-trading as a way to earn money without trying to learn everything themselves thinking that they are already making a profit and it is not necessary to learn anything about the market or trading activities anymore.

When you learn everything yourself and become able to make your trades manually yourself, you will be your own boss without having to rely on someone else's trades to make a profit, and you can always adjust your trading practices as per your own experience and knowledge to meet your goals.

[Peanutswar]

Theres are a lot of platforms offering a copy trading, one of the major benefits of it is the less hassle for the traders to make a position and let other people make a trade to them so they don't need to wait for most of the time commit a trade they just need to wait for the outcome, they are offering of course the win rate and list of active traders so the copy-traders can copy those trades of high win rates but of course if the trader makes a position you will set a position too it depends if you have still the balance to continue the trade not as always the traders win their position, the question here now is are you willing to risk other people make a trade to you or base on your knowledge still.

[wxa7115]

Theres are a lot of platforms offering a copy trading, one of the major benefits of it is the less hassle for the traders to make a position and let other people make a trade to them so they don't need to wait for most of the time commit a trade they just need to wait for the outcome, they are offering of course the win rate and list of active traders so the copy-traders can copy those trades of high win rates but of course if the trader makes a position you will set a position too it depends if you have still the balance to continue the trade not as always the traders win their position, the question here now is are you willing to risk other people make a trade to you or base on your knowledge still.

There is also a problem with this way of selecting traders, the win rate of a trader tells us nothing, as an example those offering strategies like martingale claim that anyone using it will win 99% of the time, and they are right, what they do not tell you is that once you lose you will lose everything.

And something similar happens with trading too, as a high win rate most of the time means taking a higher risk as well, and most of the time this will go against the wishes of those that wanted to copy other traders as they associate a high win rate with a high degree of certainty and stability.

[tygeade]

Theres are a lot of platforms offering a copy trading, one of the major benefits of it is the less hassle for the traders to make a position and let other people make a trade to them so they don't need to wait for most of the time commit a trade they just need to wait for the outcome, they are offering of course the win rate and list of active traders so the copy-traders can copy those trades of high win rates but of course if the trader makes a position you will set a position too it depends if you have still the balance to continue the trade not as always the traders win their position, the question here now is are you willing to risk other people make a trade to you or base on your knowledge still.

It is true that you are trusting someone else, and that is not really normal when it is something you could also do. I am not saying that it is a bad idea, all I am saying is that we shouldn't really trusting someone else to make these decisions for us when we can do it ourselves. I think it is quite important to just make it work, and as long as we could make it work, it should be fine.

I get that it is tough to start when you are a newbie, but as long as you do the right thing, you should be making a good profit one way or another, and you need that. I get that you are not going to make profit right away neither, and you will wish that you copied someone else who did profit, and those are all natural feelings, but you will get better with time.

[Distinctin]

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders is once they come to understand and value their trades, and that will only be possible if they have gained enough knowledge and skills through the experience of other traders, and through their future trading experiences.

[AmoreJaz]

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders

if they will opt to this route, they are subjecting themselves to a potential loss without a battle. because these traders are also human and they are prone to mistakes as well. better learn on your own as you will earn a lot of tips along the way.
but there's nothing wrong to try your hands on copy trading, so long you know about your expectations here. it is no guarantee that you will always earn profits from this route.

[GeorgeJohn]

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders is once they come to understand and value their trades, and that will only be possible if they have gained enough knowledge and skills through the experience of other traders, and through their future trading experiences.

Yes, I like the way you channelled it, or the way you understand it, if beginners copied a trade they will not utililize it because they lacks experience whereas if an experienced traders copied a trade they will study it and at last they will know what to do with it, so I believe that it will know what to do with the trade they copied, not everyone who copied trade are successful and the summary end on experience because you most have an idea of something before making use of it.

[wxa7115]

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders

if they will opt to this route, they are subjecting themselves to a potential loss without a battle. because these traders are also human and they are prone to mistakes as well. better learn on your own as you will earn a lot of tips along the way.
but there's nothing wrong to try your hands on copy trading, so long you know about your expectations here. it is no guarantee that you will always earn profits from this route.

The people choosing this route are obviously delusional as what they want is to obtain profits from a market of which they know nothing and yet they expect everything handed to them, in short they are entitled, and such a person rarely gets any success in an activity in which the only thing that matters is your skill.

And once they inevitably fail they will learn nothing, except to stay away from copy trading, something they should have known anyway if they took a few minutes to think about the nature of this market and what is needed out of them in order to reach some level of success.

[rozak]

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders is once they come to understand and value their trades, and that will only be possible if they have gained enough knowledge and skills through the experience of other traders, and through their future trading experiences.

that's exactly what's happening right now. beginners who come interested in trades that will give quick profits. because they do not have enough skills, most will follow the signal channel and follow the advice to do copy trading.
they do not need to do any research regarding the trade they are about to enter. because they don't have the skills, beginners will have more confidence in what they are following.
We can't force beginners to learn trading, but hopefully, those trying to join a trading group will learn something for their own development.

[gunhell16]

At first, I was a bit negative about copy trading, but later on, from what I can see, it seems that it can somehow generate income—not much, but at least there is some income coming in. So it just depends on the traders you choose to copy. Because I saw a trader to copy who performed well for a week.

Which just means that the set-up trading done by the trader is good, but the only risk I see is that if you copy the wrong trading, you will lose for sure. This is based on my observation that I saw on a platform that has copy trading, which is the Fairdesk platform that they are using, and so far, Fairdesk is fine and good in my view for now, apart from no KYC.

[KingsDen]

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders

if they will opt to this route, they are subjecting themselves to a potential loss without a battle. because these traders are also human and they are prone to mistakes as well. better learn on your own as you will earn a lot of tips along the way.
but there's nothing wrong to try your hands on copy trading, so long you know about your expectations here. it is no guarantee that you will always earn profits from this route.

There is no doubt that they are supposed to learn first before looking for a simple way to earn. If newbies start making making money from copy trading, it is not a bad thing. It will only be bad if they refuse to learn how to trade themselves and relying very much on signals. If they don't have idea of the chart they will copy wrong signals and make losses but with trading idea they can do better with the copy trading. I am not against any smart way to make money, it must not only be your pattern, you can borrow.