Trading on your own vs social trading and copy trading

[Best-mary]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

Trading on your own is good but if you feel you need more guidance and looking at different strategies you could hone to achieve this then you can try this copy trading platform reviewed by Coin Bureau
https://www.coinbureau.com/review/bitget-copy-trading-review/

[tygeade]

There is technically a way to make money using the knowledge of other people, but for that you will need to hire a financial manager and to let them have access to a portion of your capital so they can trade and invest in your behalf, however those people are not going to waste their time posting their results in social media and faking their results like influencers do, but very rarely people think about financial managers when they express their desire to to follow the ideas or signals of someone else, and instead they think about schemes that are managed by scammers.

Short to say, there's no easy way, like the old saying goes, if it's too good to be true, it's too good to be true. That especially happens in wealth management and trading.

Warren Buffett and others make money from other people's work not knowledge, this is what people got wrong.

If your financial manager knows more than you, or if you think he does, then he's making money from you, not the other way round

This is true. You are not actually making profits by hiring a financial manager. In fact, you are the one allowing him to make money from you, and not that you are the one benefiting from him. That is why if you just enter trading and rely the success of your trades from the other trader's work, then you are not actually becoming a successful and profitable one. Instead, you become an instrument for their own success, while leaving yourself at loss.

This is true, you shouldn't trust someone else's smart if it's your money that is on the line and not theirs. Why would they feel any fear, they are using your money, so they could do whatever they want with it, if they are right they will make a profit and if the yare wrong they will lose money. That's as simple as it gets, and they do not have any incentive not to lose any money, not like if they lose money they have to pay it out of pocket, they are not putting anything on the table.

This is why you should always make your own trades, that would mean that if you lose money then you are losing your own money and you would rather not lose it so you would have an incentive to not do that. This makes you a lot better with your money than them.

[DVlog]

The preference will be different from person to person. If you are good enough to do your own trading then you can earn by letting others copy your trading. But you are not good and don't have time to do that copy trading is for you. This can be highly risky, but if you can trust your trader, you are good to go. Although trading with your knowledge can help you improve it, if the only thing that matters for you is profit, stick with copy trading.

[kingvirtus09]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

To be quite honest, I feel curious to try copy trading. especially because I saw there was copy trading on Binance before I realized it would be beneficial to investigate this extra source of revenue.

Just make sure the copy we are using has a strong setup. Check to verify if there are actually earnings coming in first. In addition, I noticed that copy trading may be used with our regular exchange deals.

[AicecreaME]

Trading your own is much challenging and the most satisfying in the long run. Because once you reached the point where you are making profits most of the time in trading, like big profits, you'll look back and will say that you've grown as a trader and as a person. Trading is a very risky career but it is very rewarding as well as long as you're going to be consistent and dedicated about it.

[Magic-Maker-40]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

bro that depend on you to do your trading or to follow other social media trader if you are new and want to start trading then I think your first priority is how the market act in different situations and start with the small investment because if you start with the huge amount if your trade is successful then you say it's so easy and want to do it again and again, But if you lose is on first trane then you say OMG what is this happened with me that's why I am saying that before start trading we need to learn about trading and I suggest you to must try a demo account first.

[Silberman]

Trading your own is much challenging and the most satisfying in the long run. Because once you reached the point where you are making profits most of the time in trading, like big profits, you'll look back and will say that you've grown as a trader and as a person. Trading is a very risky career but it is very rewarding as well as long as you're going to be consistent and dedicated about it.

It is true that this is the best way to go about it, however not many traders can reach that success, in fact due to the very nature of trading those traders have to be a minority, as all traders are competing against each other while they have to pay all kinds of fees and taxes, as such it makes sense we have so many people looking for alternatives because they know they cannot reach that success, however if trading on your own is hard, finding someone else to do it for you and avoid being scammed is even harder.

[xzy887]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.

You can definitely take help or signals from someone with higher knowledge than you for trading. But better and more important thing is to have your own experience to trade. Otherwise you will not be able to survive in the trade for long. If you are a newbie then you should take signals from others and at the same time try to learn yourself.

What options does one have to view trading ideas/signals from other professional traders?

There are many ways to get a signal. Telegram bot is one of them. You can also receive signal from there if you want.

[slaman29]

This is why you should always make your own trades, that would mean that if you lose money then you are losing your own money and you would rather not lose it so you would have an incentive to not do that. This makes you a lot better with your money than them.

Well, my point was more like trading itself is a high risk gamble, for majority of people because of their behavior that reflects risk taking with TA just "confirming" their gamble. So avoid trading as a way to make money. All stats show high majority lose money, so social and copy trading doesn't reduce that stat. Makes it even worse.

The real help is to make people aware of this.

[HONDACD125]

What are you so obsessed with signals? I have seen your other post about crypto signals and now you were talking about copy trading and using signals. Trading on your own is the best thing that you could do. If you make mistakes, that's okay. We are human after all, we all make mistakes. But that doesn't mean we'll keep on doing it. Those who are professional traders and successful ones have made mistakes in their past two. But they were able to overcome those mistakes and fix them. And that is the reason why they are successful today. But if you want to become like them, you should never follow their present life when they are successful. You need to suffer and understand and gain experience from them.
If you are stuck at some place and couldn't get out and you need help, then you can use signals in order to find your mistakes. But not just any signals, a signal where it is all explained why the market is moving this way. So you can compare it with your own analysis then find your mistake and fix it. That's how a signal should be used, not the other way around.

Due to lack of experience many people rely on copy trading or signal trading. Most of them are newbies, who gain experience after learning they prefer trading over their analysis. Trading by yourself is best, but trading is a risky platform, trading without experience and knowledge can be very harmful.Trading is a tough job and should not be taken lightly.Of course, man learns from mistakes, and experience is strong, but that doesn't mean you should waste your capital by making mistakes.

So newbies should start trading with a demo account first, and after gaining some experience can start trading with a small amount, so that there is no chance of losing much in case of mistakes. People who always rely on other people's signals can never learn to trade on their own. If interested and put in hard work, anyone can earn good profits from their analysis after good experience.

You would really be going for the most easiest and most comfortable way or path specially if you are really just that starting with trading and this is something that the main thing that you would really be having in mind. You would really be doing this stuff but later on you would really be able to realize that its never been that beneficial for you on long term because you wont really be learning any skills. Yes, you might really be able to get some profits if those people you had followed but we know that its not really that something that could last forever or would really be coming into a point that you might really be that experiencing losing trades and this is where realization would kick in and you would really be having thoughts that you should really be learning on  your own.

If you are really that just that satisfied with those social trading or copy trading then its your choice but sooner or later you would really be able to see that its not really
something that progressive which we know that it would really be just that right that its better to learn on your own so that it would really be makingyourself that
be that independent on the time that those people you do follow would stop on having those kind of following.

My point is not at all that no one should try to learn by themselves, but copy trading is a good option for people who are new, because if new people start trading without learning, they are sure to lose. So along with learning they will also be able to earn good profits through copy trading. I never advocate social trading or copy trading for long term, but I am also not in favor of completely ignoring social trading and copy trading.

If newbies or those who are too busy or lack experience, if there is a good option to earn profit from the crypto currency market or different exchanges or anywhere, they should definitely take advantage of it. We trade in the market so that we can make a profit, whether it is from self-learning or from someone else's methods.

[Yamifoud]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

Perhaps, you'll be in your decision which you think was easy for you and you think the way it helps for you to earn profit.
Because for me, I've been in trading on my own and I feel I can breathe easily knowing that all of my decisions are in my mind. We can seek assistance from others but we should not think that we can rely on them for a long time.

And talking about copy trading - seems to be a good way when starting to trade but can't just keep it for long as this won't bring success. Better work on your own and apply all the learning that you have.

[tjtonmoy]

My point is not at all that no one should try to learn by themselves, but copy trading is a good option for people who are new, because if new people start trading without learning, they are sure to lose. So along with learning they will also be able to earn good profits through copy trading. I never advocate social trading or copy trading for long term, but I am also not in favor of completely ignoring social trading and copy trading.

If newbies or those who are too busy or lack experience, if there is a good option to earn profit from the crypto currency market or different exchanges or anywhere, they should definitely take advantage of it. We trade in the market so that we can make a profit, whether it is from self-learning or from someone else's methods.

I just only have one question for you. How can you learn anything from copy trading. Answer me this and then we can discuss it. I get the idea of using paid signals that shows details on why the market is moving like that. Without proper explanation any signal that is available is trash. You can only learn from those signals that provide explanation.
On the other hand, in copy trading you are just following what others are doing. Also, you can't have the entire details about how much money they are putting in and what is the leverage they are using. So if you follow them and put not enough asset as they are putting in one trade, you will face problems. And the thing about learning while earning profits from trading. Those who provides copy trading they also lose. It is not like that you will win in every trade.

As I said, how do you think that people can learn from copy trading. I want to hear your side of the story and then I will explain mine.

[Inwestour]

It is true that this is the best way to go about it, however not many traders can reach that success, in fact due to the very nature of trading those traders have to be a minority, as all traders are competing against each other while they have to pay all kinds of fees and taxes, as such it makes sense we have so many people looking for alternatives because they know they cannot reach that success, however if trading on your own is hard, finding someone else to do it for you and avoid being scammed is even harder.

There is no point in relying on anyone in trading, you will be risking your money and the responsibility for any actions will be yours alone. Trading is a job and when we work at any other job, we rely only on ourselves, since we will receive a salary for our work. The same attitude should be regarding trading, but you need to understand that there is a much greater risk of losing money and therefore you need to be more careful, and trust the advice of someone, means to increase your risks.

[sana54210]

Trading on your own is the best option, because you will gain more knowledge on it anytime you trade you will getting more experienced,  That is why before you start trading, you should understand the market and gain knowledge on it If you are giving someone to trade for you, that means you didn't learn about it and if you are afraid of losing money, the person you give to trade for you can lose at any time because you cannot profit at any time, That is why they say if you want to start trading use money you can afford to lose, even professionals lose money from time to time. It is better to gain experience and knowledge on your own rather than using a trading bot or other trading tool Any investment or trading is all about risk and if you can't take the risk, you won't get the reward, Trading can bring in a lot of money but you must work hard to get the ideas and knowledge before you can get the reward.

That is the hardest but the best path anyone could take. Learning how to trade yourself is not easy, it will take time and you are going to end up with something that will be very tough to handle on the long run but that is also the best and most profitable way to trade as well.

When you finally learn how to trade all by yourself then you are going to end up with something that benefits you for a good time and should be doing something that could get you a greater return, it is not going to be easy and there will be some time when you are going to end up with some trouble but that shouldn't make you stop.

If people stopped doing things just because they faced some pushback or failure at early stages, nobody would achieve anything. There will be times when you are not going to get any good returns and should not be expecting anything major that easily, should be doing things that are a lot better and give you greater returns by working hard and learning from your failures.

[Fredomago]

It is true that this is the best way to go about it, however not many traders can reach that success, in fact due to the very nature of trading those traders have to be a minority, as all traders are competing against each other while they have to pay all kinds of fees and taxes, as such it makes sense we have so many people looking for alternatives because they know they cannot reach that success, however if trading on your own is hard, finding someone else to do it for you and avoid being scammed is even harder.

There is no point in relying on anyone in trading, you will be risking your money and the responsibility for any actions will be yours alone. Trading is a job and when we work at any other job, we rely only on ourselves, since we will receive a salary for our work. The same attitude should be regarding trading, but you need to understand that there is a much greater risk of losing money and therefore you need to be more careful, and trust the advice of someone, means to increase your risks.

We need to have that mentality, trusting someone using your hard earned money is something that added risk with your trading, better to trust your own understanding and judgements, as you should take time before sending your money inside trading, there are many factors to recognize as part of your way to avoid losing your money.

One big factor is the knowledge that you have before starting your journey. Without a knowledge, chances to lose are far high unless luck backs you up, but that's another side of your journey.

[uswa56]

It is true that this is the best way to go about it, however not many traders can reach that success, in fact due to the very nature of trading those traders have to be a minority, as all traders are competing against each other while they have to pay all kinds of fees and taxes, as such it makes sense we have so many people looking for alternatives because they know they cannot reach that success, however if trading on your own is hard, finding someone else to do it for you and avoid being scammed is even harder.

There is no point in relying on anyone in trading, you will be risking your money and the responsibility for any actions will be yours alone. Trading is a job and when we work at any other job, we rely only on ourselves, since we will receive a salary for our work. The same attitude should be regarding trading, but you need to understand that there is a much greater risk of losing money and therefore you need to be more careful, and trust the advice of someone, means to increase your risks.

I don't think so, in fact in trading we need other people to ask for advice or input, but that doesn't mean we have to follow it, because there are definitely some things we don't know about, so by discussing we will absorb other knowledge to be able to decide what steps we should take. take in trade.
It is true that we should not follow other people's advice in the trading we do because whatever happens we will bear it ourselves, but that does not mean that because of this we will close ourselves off from input for knowledge or better things that we will get.

[terrific]

Trading on your own will teach you a lot. The same goes with social and copy trading but you know that these won't do much to you to improve.
You'll get some ideas from them but you are on your own on this market. A lot can be learned from others but those strategies are like relying to other traders.
I think that even copy trading has been there for a long time, it's gonna be like a hype and trending strategy especially for the new ones.

[bangjoe]

It is true that this is the best way to go about it, however not many traders can reach that success, in fact due to the very nature of trading those traders have to be a minority, as all traders are competing against each other while they have to pay all kinds of fees and taxes, as such it makes sense we have so many people looking for alternatives because they know they cannot reach that success, however if trading on your own is hard, finding someone else to do it for you and avoid being scammed is even harder.

There is no point in relying on anyone in trading, you will be risking your money and the responsibility for any actions will be yours alone. Trading is a job and when we work at any other job, we rely only on ourselves, since we will receive a salary for our work. The same attitude should be regarding trading, but you need to understand that there is a much greater risk of losing money and therefore you need to be more careful, and trust the advice of someone, means to increase your risks.

We need to have that mentality, trusting someone using your hard earned money is something that added risk with your trading, better to trust your own understanding and judgements, as you should take time before sending your money inside trading, there are many factors to recognize as part of your way to avoid losing your money.

One big factor is the knowledge that you have before starting your journey. Without a knowledge, chances to lose are far high unless luck backs you up, but that's another side of your journey.

For me, of course it is illogical to let others use the money we get with difficulty then others use it to trade by sharing profits if you get a profit, and loss in the shared bear, the risk is the same as you who do it, for me personally It is better for me to do the trade because the risk is the same weight. Secondly I can get more profit, even though not in money, but I will definitely get a decent experience from my trading activities, whether to win or lose at each session.

Someone must realize this, the question is even if it is successful, until when you have to stand up by the hands of others, even though you can actually train yourself to become a great trader.
Even if you lose because you do it yourself, at least there is an experience that must be paid first to increase your abilities and knowledge in trading.

I don't think so, in fact in trading we need other people to ask for advice or input, but that doesn't mean we have to follow it, because there are definitely some things we don't know about, so by discussing we will absorb other knowledge to be able to decide what steps we should take. take in trade.
It is true that we should not follow other people's advice in the trading we do because whatever happens we will bear it ourselves, but that does not mean that because of this we will close ourselves off from input for knowledge or better things that we will get.

The reason you are quite logical, sometimes we need another perspective of the brain and different experiences from others, especially when the analysis that is made yourself does not make you confident in making decisions at certain times, it is important to make knowledge of knowledge to find out how Kiata should behave in certain circumstances in the market.

[Crypto Library]

I think most people here would suggest that trading on your own is the best option over all other options. I would suggest it myself but there is a lot to learn, from fundamental analysis to technical analysis. Chances of success are available only after a lot of experience in this, although I think you will get advantage in long term trading than short term trading, because in short term trading you need to know more about technical analysis and daily updates about new news etc.If you want, you can see the details in this topic(Trade vs. HODL - avoid traps) about technical analysis in long time holding and short time trading.
So my suggestion is that you can do copy trading or social trading if you want, but besides following them, analyze them with the trading knowledge you have inside yourself and then invest.

[JunkieMiner]

I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?

It is just good for a time but if we think about it for the long term looking to others and asking and seeking knowledge from others it can't make us professional traders. The traders we call today professional there was a day who was also like us in the beginning but they started to work hard and just put themselves in some risky trades they took some risks and some points and as a result, they become professional today. There are a lot of channels on YouTube that are going to give signals but look between them as they are verified or not if verified just learn from them and get help.