Can I Use Copy Trade With Bitget ? | Bitcointalksearch.org

Coyster

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

You can use any formula you want to use, what should concern you is the risk involved in it. You want to copy another trader's position and implement it in your own trade, mind you that doing so means your success or failure depends on the trader you are copying. Personally, i do not like that and i would prefer to be in control of my own fate.

You are not an experienced trader right now and if you continue copying the positions of other traders, you might never get the experience and skills that is required to trade.

Orpichukwu

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Quote from: Bureau on March 11, 2024, 09:51:36 PM

Beware! Trading is risky and as trader first understand the charts. Following anyone blindly will not help you in your earnings. If you can study charts you will know whether to follow a trade can be fruitful or not. I am posting a link for you to learn the basics of charts. You can go through it if you want and then try your hand with copy trade. Introduction to charts and patterns.

This is one thing that most newbies fail to understand about copy trading: you can't just move into trading without even having any basic knowledge about how trading works and how to follow up charts, and yet you want to blindly follow someone else's trade, even if you feel like they are making the best out of it.

@Op copy trading is good sometimes, but most times it can lead you to losing all your funds that you enter the market with. The person you copy their trade with is a human like you and can make some bad trading decisions, and if you are unlucky, you might copy the bad trade, which is why you need experience and knowledge about trading so that you can detect a wrong move when you see one.

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

Copy trading are mainly for traders that don't have enough time to sit and analyze the market. We should be extremely careful in the space, never to look down on the big winnings because they have strong effects on our attitudes when it comes to the system. Been a newbie doesn't matter in the space, what matters is the ability to stack up gigantic profits on your end. Ofcourse you can use trading formula for your personal trades. It's advisable to stick to strong foundations in the space, never to look back but form strong grounds.

Sophokles

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

Copy trading features are for people like you who don't have the time or skill to sit on a desk and observe the market to trade. Use copy trading if you think you are good with risking your money in another persons hands. Any kind of profit or loss that person will take from his trading activity directly affects your account. So its your money but someone else will be responsible for your profit and loss. If you copy an experienced trader who has a good trade record, then i don't think there is much to fear.

tbterryboy

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Quote from: Mate2237 on March 12, 2024, 03:02:14 PM

I have been hearing this centralized exchanges platform for years but I have not used it so no too much knowledge about it but since it is and exchange I believed you can used it to do the copy trade. But since you an inexperienced trader I will recommend that you use purely trading apps because with them you are there to trade without any other features but if you are using exchange to trade as a beginner it will disturb you because the features in the app are too much to navigate.

Though follow your mind so that you won't lose money in the trading.

Same here. It seems that exchange is a rising star in the crypto field. Not only that but it was also being shilled around the forum from time to time, though hearing it doesn't mean that we will now use it.

In terms of giving an answer to the OP, we can just search it in the web like if Bitget supports copy trade but OP is also asking if he can use it. Well as a non-experience trader, it may have a pro and con. Pro is you can trade and profit immediately if in case you pick up a good trader but the con is we can lose due to lacking of knowledge. Between exchange and app, apps can indeed give us more convenience, especially we don't have a PC or laptop.

Kelvinid

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

Perhaps you can try and see what is the results and also can say how this copy trading works. But as some members are saying, don't expect a lot from copy trading. Yes, there is no right formula in trading because of the volatile nature of the market which is why this copy trading style never works effectively.

For learning purposes and exploring, that can be beneficial but in terms of profit earning, that is doubtful. Because there is one way that we are able to achieve success in trading and that is to rely upon ourselves, not others. In fact, old traders didn't use this strategy because they already found out that it was not a working style in trading.

criptoevangelista

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

It might work and you might make some money, but I ask you, what if it doesn't work? Will you handle it well? about losing money copying someone? Isn't it easier to do the simple thing of buying and holding?

daytrading is like playing in a casino for most people, only people with LOTS OF EXPERIENCE can make money consistently, and they will not provide copy trading for free.

Ben Barubal

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

You just registered here on the forum last month. When you started here, did you have an idea about trading or not? because if you have no idea or knowledge of trading and you want to experience immediate profit in trading, and copy trading is the way you see it, I think the chances are high that your capital will be put at risk.

The question is, are you willing to lose your capital in that matter? because if your answer is yes, well, do it without hesitation, then I have no idea about copy trading using the Bitget
platform exchange.

Mate2237

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I have been hearing this centralized exchanges platform for years but I have not used it so no too much knowledge about it but since it is and exchange I believed you can used it to do the copy trade. But since you an inexperienced trader I will recommend that you use purely trading apps because with them you are there to trade without any other features but if you are using exchange to trade as a beginner it will disturb you because the features in the app are too much to navigate.

Though follow your mind so that you won't lose money in the trading.

God bless u

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Never I will not recommend you with that because it'll stop the learning process of your crypto journey. The process to learn is very important in this field because eventually it'll lead you to more good trades and very impressive profits.

But if you'll just rely on someone for your trade he might give you some good profits but then you'll completely rely on them and their portfolio will be like yours there is no chance of something different happening from your side of mind. You'll eventually enjoy trading in crypto once you learn along with the earning option and then you can teach others as well and save them from making bigger mistakes.

2Pizza410000BTC

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

You can certainly copy the trading formula if you want because I will never force you to learn it. But from this formula you will later adopt the trading strategy by yourself when you understand the signals yourself and start trading from that day you will do well. I didn't know much about trading at one time, I got idea about trading from my friend for some time then I thought about trading on my own now I can get idea about trading myself and can do trading. But always remember never be too greedy in trading platform and when you are too greedy then definitely you will not succeed in trading platform and even if you lose patience you will not be successful in trading platform. You must remember these two strategies of trading platform trade only if you will get success in trading.

Reatim

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I think as beginners, people can learn from copying others. We often look at more experienced traders in order to just get a hold of how trading works.
In due time, I think you will be able to make decisions for yourself.
I think this can also serve as a lesson in case you make mistakes. Of course we don’t wish that upon you but just in case you do then that is the moment
where you can add it to the things you learned from and would most likely avoid doing again

sunsilk

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It seems that through copy trading, many show to the public that it's like an conventional way of trading because it's effortless. I don't know about bitget if there's a commission from the person you copy but it's not giving me confidence that someone I'll just copy his trades and I'll make money.

IMO, if this is the thing nowadays then many have became rich through copy trading but because of how's the reality about it, you'd see that many still struggles with trading. This is the reason if you want to learn trading, learn and do it on your own. Otherwise, just accumulate, DCA and hold.

mk4

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Copy trading is generally frowned upon because 99% of people can't trade for shit so you're likely to lose money in the long term and is better off just holding good 'ol BTC or ETH.

But if you really want to try it out and find out the results yourself, then go for it.

EarnOnVictor

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

Since you are a new trader, my first advice for you is to learn about the market, and with this, you get to know what to do better even if you do not know how to trade so well. Expertise about trading will take time, and the less you force it, the better for you, just let it flow easily even as you are serious about it. Also, I would like you to continue trying automated systems like copy trading and all that alongside it, and before you know it, you get to know the best ones to choose even as you get better at trading. You may want to look beyond their percentage performance as well, it could be deceptive, you need the time they've survived the market, their maximum drawdown, the risk level and much more before you can be certain of their earning performance and the safety of your account.

Many of them would do well for a while but make you lose the whole money in your account later, so the management part is so important and this can only be known if you study the strategy for a long period. But I have not seen anyone who says they are successful with the copying trade system of crypto exchange in the long run.

Bureau

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Beware! Trading is risky and as trader first understand the charts. Following anyone blindly will not help you in your earnings. If you can study charts you will know whether to follow a trade can be fruitful or not. I am posting a link for you to learn the basics of charts. You can go through it if you want and then try your hand with copy trade. Introduction to charts and patterns.

husencoe

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

Maybe on your side, trying copy trading is a good first step in learning. But don't just stick on them forever, because they will keep making you dependent on them and won't make you grow. I suggest you try learning trading with your own hands. You can use a demo account to learn, so you can try various analysis methods without losing. For starters, just use a small amount for work and just focus on honing your analytical skills, training your emotions and don't be greedy. Look for references that you can find from YouTube or websites and try to practice it yourself. To be a good trader, you must have commitment and do it independently.

Jascrypt

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

I don't know if my response is coming rather late or could be still useful atm. Copy trading on the afore-mentioned exchange has been productive for me. I don't know how they get their team of elite traders but I feel they really good at what they do and the often reward campaign for both elite traders and followers is more of an incentivizer to the traders. So, I will say "give it a shot"

posi

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

You can try, as a newbie, I think you can try any method, any method that you feel can be profitable for you. But I need to tell you, it is not good to rely on others in the long run, no one can be better than yourself. And one more thing: as a newbie, it's not easy to make a profit in this market, so what you need to do is to limit your loss, so just use a small amount to get used to everything. Newbies need to experience it all to get what they need in the long run.

Mr. Magkaisa

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Quote from: Sandra99 on February 10, 2023, 01:51:11 AM

I am Not experince Trader
Can i use any copy trading Formula ?

- Well, regarding my review here on bitget it started in 2018 and was based in Singapore as well. Then its value started at 0.0058$ and now its value is around 0.26$ something and BGB is its ticker name.

As for what you are asking if you can use the copy trading formula? it depends on you mate, if you believe in copying your trader, just go. But if you have doubts about the trader you are going to copy, don't do it, and vice versa, it's that simple.

For me, it's different from crypto trading where you do the trading yourself, because then it seems like you don't learn crypto trading and you don't improve, the organic way of trading is still much better compare to copy trading as for my opinion.

Sandra99

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I am Not experince Trader
Can i use any copy trading Formula ?

Topic: Can I Use Copy Trade With Bitget ? (Read 236 times)