Topic: Automated Copy trading (Read 453 times)

Trying out to make yourself hover into those known exchangers and seeing those traders who do make some good PNL's on which if you are really that interested with copy trade or following then you will really be searching for the most profitable or whose at the top and you will really be that deciding on following them because you are confident that this could really be that make yourself profitable as well in exchange with some deductions or some commissions on where that trader gets plus with those exchange fees in the moment that you will really be taking up some profits. You should be putting up into your mind that there's no such thing about guaranteed profits into this one because on the time or moment that you do make out some trades plus having that unpredictable market then those PNL's you would be seeing turned out to be negative.

Nothing beats out if you will really be the ones who will really be making up some manual spot trading rather than on having those automation. If you dont have that sufficient time and a bit lazy person then you will be likely be opting out with this option. Well, we do have our own preferences and liking basing up into our conditions. For those people who do have tons of vacant time then they will really be that dealing up with the market on full time manner in compared to those who do have some day job then it will really be that relevant that you do go for copy trading and hoping that it will turned out to be profitable.
Just make yourself that wary that not forever we will be following someone and in terms of profitability. So this is why its important that you do also bare up with the risks involved.

can vouch this one so many shillers just taking advantage of their follower, I can imagine the same thing happening with copy trading, I mean when there's hundred thousand grand following your trade alone you can take advantage of it by buying micro cap alts and exit when the price going up.

copytrading just feels like a really flawed way of making money in my opinion.
you just entrust your trade on some stranger where they can just take advantage of you anytime they want, the PnL demonstration of their trading history doesn't guarantee future PnL either, at most it's just a decoration, since they can be going downhill in term of profitability in the future.

I'm a little nerd. So I'm just telling you what I know. When it comes to automated trading, there are some exchanges that follow the trader. Among them is one Bitget,bybit. These are popular nowadays and the functions are very easy to understand.

Those people actually want to earn money and they are the lazy fellows who don't give proper time to learn trading themselves but want to earn easy money by following profitable traders. They actually don't understand that they won't always earn profits by following big traders as the trader will actually have enough liquidity to make profit due to the copiers, actually that happens quite often when it comes to meme coins.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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.


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.

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.

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.

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.

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 .

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.

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.

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

All the well known exchanges today have copy trading.

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.

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.

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

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.

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.

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.

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.

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.

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 .

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.

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? ). 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.

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.

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.

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.

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?

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.

Good luck finding someone to direct you on a platform that is that reliable for automated copy trading.you know, the fact that you could actually ask this is something I find to come with some humor. It portrays you as one that is unwilling to work but, wants to get things really easy for you. In all that, we still complain about AI and how they would be taking all our jobs in years.

Well, we have a set of humans that is unwilling to clean up their own dirt alright, AI have got us for real.

The most you would get for advices is how you ain’t getting nothing to assist you on this because there is none.

No one can tell you the exact traders to copy. That is meant for you to do your homework. The User above has already mentioned two solid platforms for you as pointers. Before you choose a "reliable" trader to copy, check their results. Let their results be the deciding factor for you and not just mere recommendations. Note, you still need to have an average trading knowledge before you copy anyone's trade if not you will be lost and lose a lot of money.

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.

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.