Automated Copy trading

[retreat]

From what I know, some popular crypto exchanges should support copy-trading, for the platform it seems you have already received recommendations from some of the users above. But according to what they also said, even though you can see the ROI before doing copy-trading, it does not guarantee future profits because the market is dynamic and traders can make mistakes at any time, and when that happens you can't avoid losses. So you better prepare yourself before doing copy-trading because it might be different than what you imagine.

[tvplus006]

I have a question that has surely been discussed several times in this forum. For automated Copy trading which is the most recommended platform? Which are the best reliable Traders to copy and in which Exchanges are they located? Maybe there are some tables about it? Are there sites that list the best current traders? Many thanks.

Now, perhaps, there are no such centralized exchanges on which the copy trading service would not be presented. But using any of them, you need to understand that the leading trader usually uses x1 leverage and if you use a higher leverage, your deposit will be liquidated sooner or later.

[fuguebtc]

Most exchanges have updated the copy trading feature on their platforms, you can choose any reputable exchange.


But about copy trading, I don't think it's a wise idea. I don't know what you have heard about copy trading or signal trading. But I want to tell you that making money from trading is not easy and is considered the most difficult even if you are a professional trader. So if you think that you can easily make profit just by copying others then that is really a naive thought.

Overall ,  you can try to have the most practical experiences instead of just listening to us,  but I advise you not to expect too much from it and think that you can get rich just by relying on others .

Copy trading may be a profitable source for other experienced traders, but for those who are still learning the process and just want to gain quick profits, copy trading won't be the solution to your trading problems.

Instead, find your own ways on how to make your trades meaningful and profitable. Don't rush in making profits, but let yourself experience first those losses and failures that most traders have been through. Believe me, you will grow from that difficult phase, until you develop your own methods and strategies on how to make your trades beneficial and profitable on your part.

You are right, copy trading will be a great source of income for experienced traders , not a source of income for those who like to depend on others.

Indeed, that is something that new traders need to know. No one can become a professional trader without experiencing losses, even bankruptcy a few times . This is a process that any trader has to go through before becoming a professional trader or being able to make a profit from trading . Trading is not simply about copying or relying on other people's signals to make a profit .  When it comes to trading , there are no shortcuts to success , we have to go through it ourselves and build things .

[mirakal]

Most exchanges have updated the copy trading feature on their platforms, you can choose any reputable exchange.


But about copy trading, I don't think it's a wise idea. I don't know what you have heard about copy trading or signal trading. But I want to tell you that making money from trading is not easy and is considered the most difficult even if you are a professional trader. So if you think that you can easily make profit just by copying others then that is really a naive thought.

Overall ,  you can try to have the most practical experiences instead of just listening to us,  but I advise you not to expect too much from it and think that you can get rich just by relying on others .

Copy trading may be a profitable source for other experienced traders, but for those who are still learning the process and just want to gain quick profits, copy trading won't be the solution to your trading problems.

Instead, find your own ways on how to make your trades meaningful and profitable. Don't rush in making profits, but let yourself experience first those losses and failures that most traders have been through. Believe me, you will grow from that difficult phase, until you develop your own methods and strategies on how to make your trades beneficial and profitable on your part.

You are right, copy trading will be a great source of income for experienced traders , not a source of income for those who like to depend on others.

Indeed, that is something that new traders need to know. No one can become a professional trader without experiencing losses, even bankruptcy a few times . This is a process that any trader has to go through before becoming a professional trader or being able to make a profit from trading . Trading is not simply about copying or relying on other people's signals to make a profit .  When it comes to trading , there are no shortcuts to success , we have to go through it ourselves and build things .

With trading, it takes a lot of factors before you can see yourself a real and successful trader. But of course, losses and frustrations are inevitable while you are still in the process of applying all these factors that will turn your trades into success and profits.

Copy trading may work for you or may not. But one thing is certain, one cannot guarantee successful trading outcome at a consistent basis no matter how good or professional the trader you are copying. It's still best to develop your own strategy and find the one that best suits for you. At least that way, success can be somehow guaranteed.

[Coyster]

It's still best to develop your own strategy and find the one that best suits for you. At least that way, success can be somehow guaranteed.

It is definitely better to hone your own talents and form your strategy, rather than copy trading, but mind you that developing your own strategy does not guarantee success, in trading you can never be certain of success, but you can only increase of your chances of it. Managing risks is also imperative if you want to be a good trader, you ought to know when to stop and trade later, because things cannot always go in your favor.

[Adams0001]

Copy trading is available at many platforms these days but it's not actually trading but simply copying a trader who's doing the trades. Let's say if you copy a trader who isn't good at trading or who is a risk taking trader then instead of making profits you can face big losses by copying that trader. However, if you know a trader who's quite good at trading and doesn't take risk then you can copy that trader, but in the end you might make some money but you won't learn trading at all.

That is why it is preferable to duplicating someone's trading approach, however he does favor some people if they find a superior person who can execute his strategy well. And some people just take huge risks, and if you don't know what they're doing and follow them, you'll lose if they fail. So it is preferable that you learn about it so that you may conduct your own analysis and benefit from it, but I do not believe that mimicking a trader is preferable because you will get no experience. I believe that copying is more risky than conducting your own analysis. Because what you learn then witnessing someone that he did, you will undoubtedly believe that your on is helpful, because you truest it since you are the one that do it and you can get profit from it if he go well.  If you have enough money to risk you can copy and you can probably get profit if he go well but no any professional can probably tell you, you should copy someone trade he will like to teach you how he works, because copying can't improve your experience in trading.

[AmoreJaz]

It's still best to develop your own strategy and find the one that best suits for you. At least that way, success can be somehow guaranteed.

It is definitely better to hone your own talents and form your strategy, rather than copy trading, but mind you that developing your own strategy does not guarantee success, in trading you can never be certain of success, but you can only increase of your chances of it. Managing risks is also imperative if you want to be a good trader, you ought to know when to stop and trade later, because things cannot always go in your favor.

It may be good at the beginning but as you go thru your trading journey, better do it on your own and learn the skills. You can acquire those tips and tricks that you can employ whenever you trade. As each project is unique, no single strategy can help you out in every trade.

Copy trading is available at many platforms these days but it's not actually trading but simply copying a trader who's doing the trades. Let's say if you copy a trader who isn't good at trading or who is a risk taking trader then instead of making profits you can face big losses by copying that trader. However, if you know a trader who's quite good at trading and doesn't take risk then you can copy that trader, but in the end you might make some money but you won't learn trading at all.

If you are deploying this technique, better use small funds and see where it goes. Because these traders won't answer your losses. Also, they have more than enough to sustain their losses. Unlike you or others, if you are relying for certain income from this activity, you can easily end up as bankrupt.

[X-ray]

It's still best to develop your own strategy and find the one that best suits for you. At least that way, success can be somehow guaranteed.

It is definitely better to hone your own talents and form your strategy, rather than copy trading, but mind you that developing your own strategy does not guarantee success, in trading you can never be certain of success, but you can only increase of your chances of it. Managing risks is also imperative if you want to be a good trader, you ought to know when to stop and trade later, because things cannot always go in your favor.

to be fair , some people are just not cut it for trading so copy trading can be an alternative, but I wouldn't recommend copy trading. I've heard some reviews about copy trading is that, most of them just outright lose their money after decided to follow certain trading experts in copy trading, I know that copy trading also has its loophole where the supposed expert trader can misuse the trade for their own benefits. so it's also concern.

if it's just small amount of money I guess it's not a big deal since if the money is lost due to poor performance of the trader we copied, we can just move on therefore you can always try it out yourself, but I would never recommend anyone to copy trade with huge chunk of money.

if anyone is doubtful, just test the water and decide by yourselves.

[Awaklara]

to be fair , some people are just not cut it for trading so copy trading can be an alternative, but I wouldn't recommend copy trading. I've heard some reviews about copy trading is that, most of them just outright lose their money after decided to follow certain trading experts in copy trading, I know that copy trading also has its loophole where the supposed expert trader can misuse the trade for their own benefits. so it's also concern.

if it's just small amount of money I guess it's not a big deal since if the money is lost due to poor performance of the trader we copied, we can just move on therefore you can always try it out yourself, but I would never recommend anyone to copy trade with huge chunk of money.

if anyone is doubtful, just test the water and decide by yourselves.

it will be a risk for traders who do copy trading. because they are handing over their money to other people's trades and if the trade loses, then they should already know.
copy trading may be used if you find a good trader to follow. but not routinely. it is better to continue to maximize our own abilities even though we are not very good at it, we can hone it gradually.
traders who follow copy trading cannot always just copy other people's trades. if they want they should have a way to grow their skills.

[fikrett]

It's still best to develop your own strategy and find the one that best suits for you. At least that way, success can be somehow guaranteed.

It is definitely better to hone your own talents and form your strategy, rather than copy trading, but mind you that developing your own strategy does not guarantee success, in trading you can never be certain of success, but you can only increase of your chances of it. Managing risks is also imperative if you want to be a good trader, you ought to know when to stop and trade later, because things cannot always go in your favor.

It may be good at the beginning but as you go thru your trading journey, better do it on your own and learn the skills. You can acquire those tips and tricks that you can employ whenever you trade. As each project is unique, no single strategy can help you out in every trade.

It's great to have copy trading when you know what you are doing and maybe as a side hustle, however, the main thing should be you, doing it in "manual mode", in my opinion.

[Zigabel]

Hello everyone.
I have a question that has surely been discussed several times in this forum. For automated Copy trading which is the most recommended platform? Which are the best reliable Traders to copy and in which Exchanges are they located? Maybe there are some tables about it? Are there sites that list the best current traders? Many thanks.

I wouldn't want to recommend a platform now as I understand that I could and it may not turn out well and you may blame it on the me or probably the forum because you would say you got the advice off this forum but quickly you can scout some platforms and I will give you few tips to finding some one to copy their trades, my tips may not be binding but will most definitely help you, before you copy any person, make sure their realize PnL isn't looking too good to be true, depending on the time frame, if it's monthly, quarterly or yearly, just make sure it's something realistic and you can work with, secondly check their losses in between if your account can be able to survive bad days , you can get this via their cumulative for the week of the month then pick an average to be able to have an idea of possible scenario. Check for commissions for the platform and the trader so you don't give a greater part of your profits to their commissions.

[X-ray]

it will be a risk for traders who do copy trading. because they are handing over their money to other people's trades and if the trade loses, then they should already know.

the problem with copy trading that I can see so far is, probably the fact that there can be some expert trader that created a good looking account speaking from trading history and then just use it to use pump and dump once they've gained enough follower for them to move many people's money.

this can be the implication so far.

seeing from the testimony of other people as well in other social media platform, I think copy trading isn't so great either in term of profitability, it just the same as following random people blindly.

[betswift]

it will be a risk for traders who do copy trading. because they are handing over their money to other people's trades and if the trade loses, then they should already know.

the problem with copy trading that I can see so far is, probably the fact that there can be some expert trader that created a good looking account speaking from trading history and then just use it to use pump and dump once they've gained enough follower for them to move many people's money.

this can be the implication so far.

seeing from the testimony of other people as well in other social media platform, I think copy trading isn't so great either in term of profitability, it just the same as following random people blindly.

Yep, usually on diffrent platforms there are traders who get the most lucractive percents, but they do have their bots going for a year or years.. And that's why there is so much profit  A person could do basically the same by just holding for the same amount.

[tabas]

It's great to have copy trading when you know what you are doing and maybe as a side hustle

People will see it as a passive income when they do copy trading. But I agree that everyone who does it should know what they are up to and what they are doing. Because if they don't, they're playing fire with their money and it's easily burned and flammable.

however, the main thing should be you, doing it in "manual mode", in my opinion.

It's okay to do it but everyone who does copy trading needs to have certain knowledge in trading. What I am noticing is that influencers and people that are introducing others to crypto trading are telling them that they can sit back and relax and just copy others people trades which is wrong in the sense that they have no idea what they are doing.

[EarnOnVictor]

Hello everyone.
I have a question that has surely been discussed several times in this forum. For automated Copy trading which is the most recommended platform? Which are the best reliable Traders to copy and in which Exchanges are they located? Maybe there are some tables about it? Are there sites that list the best current traders? Many thanks.

Who told you that copy trading is the most recommended? Well, if you see that online or through brokers/exchanges, you should know that it's probably a marketing gimmick to make their platforms more active and that means more money to them. They now resorted to that due to the discouragement after losses, people trading are reducing for fear of losing more. If copy-trading success is that easy, no one will be trading themselves again and those copy-trading platforms must be very rich and more popular now, but the reverse is the case. I am not saying that copy trading is bad, but you will hardly see the encouraging ones.

[FortuneFollower]

Hello everyone.
I have a question that has surely been discussed several times in this forum. For automated Copy trading which is the most recommended platform? Which are the best reliable Traders to copy and in which Exchanges are they located? Maybe there are some tables about it? Are there sites that list the best current traders? Many thanks.

Who told you that copy trading is the most recommended? Well, if you see that online or through brokers/exchanges, you should know that it's probably a marketing gimmick to make their platforms more active and that means more money to them. They now resorted to that due to the discouragement after losses, people trading are reducing for fear of losing more. If copy-trading success is that easy, no one will be trading themselves again and those copy-trading platforms must be very rich and more popular now, but the reverse is the case. I am not saying that copy trading is bad, but you will hardly see the encouraging ones.

Yep - also the fact that the percentage (ROI) of these copy-trading deals is great, whereas the fact that it is so because it was done for a year or so is often forgotten or not seen by the people.
It's not like copy-trading is a magic wand of sorts.

[fikrett]

It's great to have copy trading when you know what you are doing and maybe as a side hustle

People will see it as a passive income when they do copy trading. But I agree that everyone who does it should know what they are up to and what they are doing. Because if they don't, they're playing fire with their money and it's easily burned and flammable.

They essentially gamble on a horse they can't predict 
So, it can be done and can be done well, however, the analysis should still be put to work.

[SamReomo]

If you are deploying this technique, better use small funds and see where it goes. Because these traders won't answer your losses. Also, they have more than enough to sustain their losses. Unlike you or others, if you are relying for certain income from this activity, you can easily end up as bankrupt.

Yes, the traders who open lead trading accounts already have enough funds and some losses won't bother them at all but the general public who can't afford to lose a lot might get bankrupt when those traders face losses. It's 10x better to only check their technique and see what happens. In the end one might learn that no trader is perfect and even the top lead traders could also lose money.

[milewilda]

If you are deploying this technique, better use small funds and see where it goes. Because these traders won't answer your losses. Also, they have more than enough to sustain their losses. Unlike you or others, if you are relying for certain income from this activity, you can easily end up as bankrupt.

Yes, the traders who open lead trading accounts already have enough funds and some losses won't bother them at all but the general public who can't afford to lose a lot might get bankrupt when those traders face losses. It's 10x better to only check their technique and see what happens. In the end one might learn that no trader is perfect and even the top lead traders could also lose money.

For those someone who do decide about automated trading or simply with those copy trading on which these are people who doesnt really like to make progress or enhancing when it comes into their trading skills.
They will really be that definitely having no time or considerations on making themselves as a better trader and this is usually newbies who doesnt really like to exert effort much.
Yes, they could be profitable and something that give out benefit but this one doesnt last forever.

There's no such thing that could last up forever and if a certain trader who do stop on making auto copy trades then what would you do? You will definitely be ending up on trying to search up for another
on whereas if it would really be that simple if you do able to learn up things on your own or having that own trading skills on which you will really be that becoming independent.
Nothing beats out if you do have that particular skills specially on trading.

This is the main issue for most people who do really just that simply rely basing up into the things that they are depending into and believes that this wont be able to stop
in a particular time.

[Silberman]

If you are deploying this technique, better use small funds and see where it goes. Because these traders won't answer your losses. Also, they have more than enough to sustain their losses. Unlike you or others, if you are relying for certain income from this activity, you can easily end up as bankrupt.

Yes, the traders who open lead trading accounts already have enough funds and some losses won't bother them at all but the general public who can't afford to lose a lot might get bankrupt when those traders face losses. It's 10x better to only check their technique and see what happens. In the end one might learn that no trader is perfect and even the top lead traders could also lose money.

I would advise anyone against using copy trading, for newbies it may seem exactly what they are looking for, as this is a way to exploit the knowledge of someone else for their personal gain without the need to spend any effort to learn how to trade on their own, however things are never as rosy as we believe they are, and huge losses are still very likely, with the difference that the one trading on their own will at least learn something out of it, while those that are copying others will be clueless about why this happened to them.