Automated Copy trading - page 2. | Bitcointalksearch.org

mirakal

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Quote from: fuguebtc on October 20, 2024, 08:49:41 AM

Quote from: mirakal on October 18, 2024, 06:55:32 PM

Quote from: fuguebtc on October 18, 2024, 04:54:16 AM

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.

fuguebtc

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Quote from: mirakal on October 18, 2024, 06:55:32 PM

Quote from: fuguebtc on October 18, 2024, 04:54:16 AM

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 .

tvplus006

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Quote from: ? on October 17, 2024, 01:49:49 PM

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.

retreat

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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.

dansus021

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most of the centralized exchange nowadays had a Copy trading feature, spot or futures but most of the cex only offer futures one. But big cex like the binance okx and bybit now offer spot trading if I don't mistaken, I also a lead trader on OKX but Im still new and not yet generated any profit from copier haha.

So yeah you basically register in that cex choose wisely the lead trade and you can start do automated copy trading from there

Charles-Tim

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Quote from: ? on October 17, 2024, 01:49:49 PM

For automated Copy trading which is the most recommended platform?

All the well known exchanges today have copy trading.

Quote from: ? on October 17, 2024, 01:49:49 PM

Are there sites that list the best current traders? Many thanks.

You need to read this before you start mirror trading: The down side of copy trading

Let me make the image information easy for you to understand. Those that you see on the image are copying just a single trader, they begin the trade at different time, those that started early make money because the trader that is being copied is making money already. Those that started copying the trader late were losing. That is one of the disadvantages of copy trading. Another disadvantage is that a trader that is making money today that people are copying may be losing tomorrow.

Wexnident

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I'd probably recommend OKX. Personal preference really, OKX has been my go-to exchange recently so no surprise why I'd recommend it as well. As for quality ehh, I tried it only a few times so I can't really judge but it has worked enough imo. The only other copy trade I've used was eToro but that was like my first try at copy trading.

As for quantifying which is of the best, I reckon you'd only ever get answers if you try them all? I mean there's different preferences after all. Highly think it's not going to be that effective in the grand scheme of things though. Even the best traders would have losses in their trades after all.

Anika Magyar

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Quote from: ? on October 17, 2024, 01:49:49 PM

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 would avoid this. because I use this before. Yeah it different between copy trading on an exchange and like pump.fun. But, for me it same.

Meanwhile 4 months ago I used copy trading but that was only on pump.fun and it's not effective

mirakal

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Quote from: fuguebtc on October 18, 2024, 04:54:16 AM

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.

SamReomo

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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.

Dr.Bitcoin_Strange

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I don't do copy trading but if you are looking for exchanges, you can actually see traders that you can copy their trade on binance and bybit exchange. Copy trading is not the best option if you are just a new trader. It's better you carefully learn how to trade.

Coyster

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I'm afraid, but you have to find traders to copy by yourself, so you'll be responsible for whatever the outcome is. I have come to notice that newbies in trading like to go for copy trading, they don't want to spend their time building their own skill or strategies, they just want to copy what a more experienced trader does.

Having said that, copy trading might be profitable, but it should be employed on a short term basis, in the long term you should work on yourself and garner the skills and knowledge to make your trades yourself.

Lanatsa

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Quote from: OmegaStarScream on October 17, 2024, 01:57:54 PM

Some of the popular platforms that support copy trading are OKX and BYbit. I couldn't really recommend any trader in particular though.

Just make sure you're understanding the risks as well. Just because you're following someone who managed to do a certain ROI, doesn't mean that you're guaranteed profits in the future.

This is something that they should be putting up into their mind on which there's no such thing about guaranteed profits in longer runs. Yes, you could make profits but you wont really be able to obtain the
skills of a trader since you are really just that following someone automatically.If you do really like to get such skill of a trader then i would suggest that you should really be that making some manual trades.
Learning time or duration isnt something that could be considered to be short on which everything will really be just that basing up on how fast you do learn up on trading. There would really be those individuals who do really like on having that easy life and doesnt really like for them to experience some hardship but they do want or like to earn money. lol. Most exchange platforms now are offering copy trading on which it will really be giving out that list of traders on which you would really be that following and just like been said that even they are profitable but doesnt mean that it will give out that guarantee.

fuguebtc

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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 .

shinratensei_

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for copy trading I'd go with the exchange that has the most volume, I'm sure the expert traders also flock there so you got extensive option of traders to follow.

I think bybit and binance is the best for this, but personally I've never tried copy trading, just looking around the win rate of these traders and that's it.
since I personally don't think copy trading to be a really good solution.

but if you are trying to find reliable platform, just stick with the one that are famous and popular, like binance and bybit.
as far as I know, most of traders that actually can make profit, always conceal their trading statistics except to their own subscribers so you're likely need to look into it yourself.

LogitechMouse

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Quote from: ? on October 17, 2024, 01:49:49 PM

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.

As for the recommended platform, this would be subjective because we have using different exchanges. For me, I'm only using Binance so I'm a bit bias on it and I will recommend it. Some recommended Bitget, OKX, Bybit and others, and I believe all of them are good in their own ways, and same with Binance's.

As for the best reliable traders to copy, I will not recommend one because it's hard to pick who's the most reliable. Another thing to consider is that all of these expert traders are also losing money on some of their trades. I'm currently copying one trader that's active on Twitter and Telegram, but it's full already (200/200 filled within 4 hours BTW. Lucky to be one... or am I? Cheesy

). There are no sites that I know that recommend the best current traders because if there are, there's a chance that it's paid as well - just like those reviews out there.

_BlackStar

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Quote from: OmegaStarScream on October 17, 2024, 01:57:54 PM

Some of the popular platforms that support copy trading are OKX and BYbit. I couldn't really recommend any trader in particular though.

Binance has it too - so OP can choose one of the three recommended exchanges. But I agree - I also wouldn't recommend specific traders and where they are - meaning OP should do his own research instead of relying on advice from his question in this thread.

Quote from: OmegaStarScream on October 17, 2024, 01:57:54 PM

Just make sure you're understanding the risks as well. Just because you're following someone who managed to do a certain ROI, doesn't mean that you're guaranteed profits in the future.

I completely agree with you - these traders can also make mistakes that result in other people's investments in them losing money instead of making a profit. The risks of trading are clear - so every trader needs to consider the risks no matter how small. The commission they receive from each profit is 10% - but they are not responsible for anyone losses.

livingfree

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I am trying to do it with Bybit but I am quite scared so I didn't pushed it. I don't know if the traders that we copy are earning a chunk of commission from our profits if we copy them and I don't think I'd like it and that's why until now, I didn't pushed for copy trading.

There are metrics and analytics for each of them and exchanges where you're allowed to do this has percentages shown on their profiles. And that's why it is in you OP if you think a trader that's in the choice is a good one to be copied.

Numbers don't lie but don't rely wholly to these traders.

BABY SHOES

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Many exchanges support Copy Trading you can choose one and I know Bybit is widely used... but I myself have never done Copy Trading.

About the trader who is relied on to follow it 'don't know' I'm sure there are so many good traders maybe you can choose according to the criteria... If you ask other people, they will not give any name, it will be risky for them if they fail and no profit occurs.

Isn't there a list of traders on the exchange platform?

Questat

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Quote from: ? on October 17, 2024, 01:49:49 PM

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.

First of all, copy trading is never a reliable one. You can trade and copy someone trades but that won't guarantee future success.

That is why I don't encourage even beginner traders to resort into copy trading. Aside that it can deprived you from learning trading the most effective way, it can also hinder you from developing your skills and strategies towards trading, because you chose to trust someone more than you trust your own self.

Topic: Automated Copy trading - page 2. (Read 453 times)