Topic: Copy trading profitable? (Read 953 times)

I haven't done copy-trading yet, but the truth is that I would like to, at the moment I am not trading in crypto because I really don't know what can happen, but I have many things, so as not to lose my knowledge in trading I am only waiting in forex, I have no idea how to do in crypto, I have seen many traders who offer their services to do copy tarding, but it does not seem like such a good thing, because basically they are making a bet, it is like going to the casino and betting simple, keep it, because the only trade that could be done is BTC-USD, and it is quite volatile, lately the price changes that BTC has made are very high, so it is difficult, I don't know if they have already done that pair here and how has it gone?

They are still making money or profit if the one they had followed do make money which is common sense but on the time that they do part ways then pretty sure that you would be ending up on having

no idea on what you would gonna do because you had just kept on following without even tending to learning which would be ending up for you to have that zero knowledge in the end.

Copy trading might or might not be profitable but on the essence of learning up things then it would be not a good thing for you to consider but if you are following and
at the same time you are learning up things or analyzing into those movements then it would be an another story.

That’s wrong because they can't make a profit without skill or talent, and they are all depending on some other person who they have no dea what will do next. Whoever you follow, could either make you lose even on first trade, or could make you lose later on, or if you follow someone else and have no idea what they are doing, that person may stop and not do copy trading anymore.

Long story short it's not a smart decision to just trade based on some other person because they may end up being the reason you cannot profit. Sure, you could start as a newbie to follow others, but eventually you will have to grow and learn how you could trade by yourself and make a profit as well.

Someone will always profit no matter what they copy while others will lose. Point is that the losers will not report that they lost money, because of utter shame while the winner will out of boasting, normal human nature. Hence newbies who are looking for such services, find the reviews from all these lucky winners about copy trading being profitable and they see only the good points.

Definitely true, without having your basic understanding of how trading is done, dont you feel your skin crawl trying to put your hard earned money in some coin you never heard of? Either these people have a rhino's skin or they got the money from illicit activities.

No method to make money is easy and looking for an easy money method leads to traps, this is something that every human being needs to plant in their head.

Never in my life have I copy trade. Its not easy to make a good trade in crypto and very easy to lose money. Crypto trading might be profitable for the rich and of course you must know what you are doing. 

some traders don't care about skills or knowledge. Profit is the main goal in trading.
yes, it may be wrong, but we can't blame those who like and enjoy copy trading from other people's trades. most importantly they know the risks of using their funds in trading.
it all depends on our choice, want to develop trading skills or want to develop trading instantly.

Of course self-study will be better for the future than copy trading and we don't learn. I don't think it's easy to follow copy trading and find traders who have a clear consistency and portfolio. Of course, the trap is that many traders have a high profit record, to attract followers. what is clear, an unhealthy portfolio will contain a greater risk, we should not only focus on profits in our thinking

Even myself I have not been into copy trading so I don’t have any idea if you are going to pay for the trader as well or you don’t have to. I am into self- learning and have gained my skills and strategies on my own with no experts or mentors teaching me. And I must say it really pays off in the end. You gained more confidence and build growth as a trader, and for me that is way better than copy trading.

Copy trading is very essential and understandable to anticipate because it's easy and traders don't need to analyze any trade. Copy trading is meant for busy individuals who don't have enough time to evaluate on trading, they only copy and set their TP and Sl, then relax or go do their different business. Copy trading also leads to losses sometimes, because everyone cannot be 100% about their chances of gaining their profits. Its also profitable only when you copy the high level experts positions.

Copy trading can be profitable if you limit your trades. Of course, traders aren't always 100% on their trades, so you have to study their trading patterns, what times do they usually execute trades and check their profitability based on those times that you have. I've made quite some money from copy trading for a few weeks before I stopped doing it because of time constraints. 94% of my trade resulted to a profit, and the rest is loss but managed to get my initial investment of $100 to $170 and IMO that's already good return considering how passive copy trading can be.

Obviously there has to be some sort of evidence that supports the methods to their madness. High possibility that there are a number of copy traders who do get profits from copying other's strategy or even acquiring a copy trading service. At the end of the day it's all a matter of perspective, and honestly if you aren't doing your own research even if for just copy trading, you're bound to lose all your investments eventually. Some form of knowledge or acquired information is still needed to at least effectively know who's the best to copy trade especially in various market conditions and seasons.

Obviously there is a mastery of trading tactics or strategy when you are the sole originator of your entry point. It's of importance that one doesn't have to be involved in copy trading as it kill's any form of developing self confidence in a beginner trader. You build a dependency for other traders analysis and that can't make you any real trader.

Also, there might be changes in a trade and your likely not going to notice in time to make the necessary adjustments. Copy trading is not a strategy and a bad method to trade the market with.

And that is the problem with copy trading, the person which is copying someone else does not really know what is happening and why the other person is doing what is doing, also we must remember that no trader is perfect so if the other person makes a mistake while you are copying it then you are also going to make that mistake, and while the original trader could afford that mistake that does not mean that you can as the capital of expert traders and newbies has a huge difference in terms of their size.

In trading you most learn how trade with your own strategies way of making your Profit, coping someone dimensions of  trading point can leads to disadvantages which might come as a result of lost, because you don't actually know while the person you are trying to follow the system of it's way, are the person way of trading it's something that caused to get lost, so it's advisable to create a personal means of trading of coins.

I am not a lead trader and I oftenly trade on Binance.But to be truth I don't think copy trading is much profitable at all. We should learn and research before opening any trade. We should not copy others because in crypto trading anything can be happened. So always do your own research.

With what I checked on Binance about the leverage used by lead traders, I have noticed that they use 1x leverage. To know if they use 1x, this can be calculated or guessed from the price of the coin used to open a position and the return on equity percentage. On Binance, you can not go below 1x, even possible some may still average in a way they may not trade at first with all their total trading money which we can assume to be less than 1x leverage.

If you open your orders with high leverage, you will lose your money sooner or later, no matter how successful the trader you copy is. Please note that lead trader almost always opens orders with a leverage equal to one, which allows him to hold a losing position for a long time if the price goes in the opposite direction to expectations. In this case, your order, if it is opened with a large leverage, will simply be liquidated.

Anyone here actually successful in copy trading? If so, can you share who are the top 3 traders you copy and which software you use?

It is normal not to pay someone for lost trades, and its not easy to be a trade leader neither, so those are understandable positives of it. However, the negative part is that, I can tell you 100 trades, and if even only 10 of them are profitable, I will earn %10 of that, and then if 100+ people join, I will make more than each single person. Thats sut not understandable, they are losing when we are losing, but they are earning when we do. Meaning, they can just put up all kinds of suggestions, only to hope one of them sticks, and not really aiming at finding anything good, just trying to put up as many examples as possible as the goal.

You will pay lead trader only for successful trades. For example, the commission of a leading trader on the Bybit exchange is 10% of your profit, which will be charged automatically after the order is closed. But in addition, you will pay a commission to the exchange for each order opened and closed by you.

From my little observation I don't think a copy trade is best to do as a beginner or newbies instead self engaged trading or study from various angles to get the basic understanding or such person stand a chance to be newbies always or remains copying all time because he is not physically, mentally excercising his brain to acquire more knowledge on how to further advance in trading rather than just copy trade.

I have never tried it either, but if what you say is true, I will definitely give it a try, which means we will only pay fees on trades where we are profitable. This is an extremely good thing for everyone, not just newbies, who don't have too much time to analyze can also make money this way and traders with followers if they want to get more commission they will have to put in more effort. But I think it won't be that easy, right?, we will pay fees for all trades including losing trades.

Is there anything like you said. I think it's very rare. They still won't give a guarantee to their followers. Even as I know they still say DYOR. I think if that continues to be done then you will lose. You will continue to rely on others.
Maybe a while you come along and take the knowledge of analysis is better. Because myself come from not understanding. I'm just learning on my own and continuing to learn from the mistakes I've made.

I have never used it either. But I have heard from some people that you have to pay a fee to the trader whose trades you copy. Although I don't know whether you have to pay fees on every trade you copy or only trades that make profit with.

If this fee is to be paid only on those trades in which you make profit then it is good. I think it is beneficial, especially for newbies. If they choose a good trader

It is equally important, in addition to choosing the right lead trader, to set up your account correctly to copy trade, observing the rules of risk management. For example, if you set up your trading with a leverage higher than that set by lead trader, then you may be able to get a higher profit, but in the end you will still lose your money.

I never trade copy trading but i heard from many friends that do copy trading they said to me that copy trading is one of the easiest way to use another trader's expert knowledge. It also means that you don't lose any control over the outcome. You still have the ability to close trades, and open new ones when you want. But by copying another trader, you could potentially make money based on their skills expert knowledge. It also means that you don't lose any control over the outcome. You still have the ability to close trades, and open new ones when you want. But by copying another trader, you could potentially make money based on their skills.It is good for beginners because they use another persons experience.

I know some exchanges have this feature, but actually I never tried it because I don't trust anyone in this market but myself. I have a question, if we copy trades, do we have to pay fees to the exchange or the person we copy? and in case we lose, do we have to pay that fee? If there was a policy where we actually pay as we make a profit, that would be great.

I don't believe in groups of trading signals because most of them are scams, trading bots are also too risky because they are only pre-programmed and not analyzed like us. Copy trading seems more realistic than the other two methods. If what you say is true, maybe I will try to research them.

As a copy-trader (lead trader) in a trading platform or owned service?

If the former, on what platform he intends to be a lead trader? If the latter, I think that was just the same as those who provide signal service which likely won't be that hyped even how good your friend is since in most cases, that service is crap and ended up in a scam.

It's hard to be one of those traders that would be eligible as can be copied by those who will use the copy-trading feature. Like in the Etoro platform, I heard that trading stats there should be really decent and impressive before being one of those traders that can be copied. That's the reason also why copy-service on that platform is really expensive and out of reach by those small traders. Not sure though what's the current price of that service.

You’re lucky if you found someone who really share their strategy in a more honest way though it can cost you some big fees but if you think it will be worth it, them you can do if. Some group offering a legit signal, you can copy that and make some profit as well. Though eventually, it is still better to have your own trading strategy, it’s too risky if you are going to depend on any signal in the long run, You should improve yourself as time goes by.

Just think that they are the same individual like you, relying on their experience to get a hold of those tips and tricks.
It is not all the time that they are correct with their predictions, but they can minimize losses by applying those tips.
It would take experience to spot a failing project and a lot of reading or research to know what's going on with the project.
So for sure, he is not trading blindly but using all the information that he gathered throughout the years to act on certain investment.
But as much as possible, better do your own trading to equip yourself in this market rather than relying on someone's skills.

I have a friend who is a Youtuber, and he made a lot of money in 2017, in fact he taught himself, of course he made a lot of money because he caught a bullish Bitcoin market, that's when it went up to almost $20k, then the altocins he bought, he became a altcoins that rose a lot in price, currently he is dedicated to being a trader who offers a copy-trading service, but still I don't trust him, he does a lot of technical analysis, and I think he knows the tricks the most and that's something that anyone can get a tutorial from any page, so you have to be very careful with which trader you have to take this strategy, because that friend for the era when BTC fell a lot he had too much money.

It is profitable as long as whom you are copying knows how to trade. You need to be dependent on someone else for your funds. Your loss and profit both will be in someone else hands. If you do not have time to sit in front of the charts, it will be better to use copy trading. Copy trading will only be profitable if the main users made profits. It's a bit risky and avoidable if possible.

If you are really that busy then grid trading can save time and lower your risk simultaneously. You just need to define the price range of your trading currency pair and the number of grids you want to put there. The trading bot automatically buys low and sells high on your behalf as long as the price stays within that range. Very simple but effective if used for the long term.

Well, you can see a lot of people or traders claimed themselves to be good at this field. You can hear a lot of promises bringing you to what you want to expect from them. Many people got fooled by this trick, many people do copy trading and even ask for someone to accompany them.
I believe the side of being a lead trader is somewhat profiting but I'm not sure and doubted if those who copy and rely on his signal and strategies got some. But I think this kind of work won't able to be profitable long-term because as to the moment that these new traders will learn trading, most likely they will find a way to make their own as well.

Many exchanges permit this since they are aware that the general public has no knowledge how to truly trade, which is why they do so. They offer these copy trader services as a result since they profit from the commission.

The problem is that both those who ran the signals and those who duplicated them eventually blow their accounts. It will essentially work up until the point where it stops. With such services, you cannot make any money over the long term.

Its never been advisable on making yourself that copy trading and it would be better if you do make yourself that able to learn with those basic principles of trades and make yourself that experience enough

on handing your trades on this unpredictable market without the need on relying on someone.Someone said its profitable and there are ones who do said that its never been good but on general essence

you cant really make sure of these guys on making profits constantly.They wont really be letting on someone to follow up their trades if they were really able to make money constantly.
They wont really be minding about peanut subscription fees.

I never tried copy trade before and based on how was taught then I was advised not to copy trade because you don't know how financially bouyant  the person you are trade is because you might copy and run lost at last before even the person you are copying loses. A simple words to those trading today is to make more efforts to get the best knowledge, do more research or study lots material online because the person you may sees as an expert might not be knowledgeable enough to make profits from his trades than letting newbies to copy trades from him.

Even if you say that you are copying trading from a higher position, that trade won’t still be profitable if he is also using a non-working and non-profitable strategy. That is why it’s not how profitable a trade is but more on how effective those trading strategies are that are enough to chase more profits than losses. However, for me copy trading is totally fine, but you should learn also by yourself on how to trade effectively  because that’s how good traders are supposed to do.

I haven't use copy trading yet but I agree that choosing a right trader to copy will generate you a profit. I believe that copy trading is still profitable knowing that there are still copy trading services still functioning. Newbies and traders just need to avoid those "fraud copy-traders" who are just there for your money, I've heard few stories about it and those services are from chatting apps like telegram who founders are just copying trades from other traders which is basically not the full concept of copy trading. You are paying the trader to copy their trade and not to copy other people trade and give it to you.

not all copy trades will end in defeat. if we follow traders who are good at placing trades. we can just continue to profit.
I do not condone this way for traders to thrive in the market. but some people are looking to profit from copy trading.

Regardless if copy trading is profitable or not, i think knowing the fact that you enter into trading, then you should develop within yourself a good trader, and not just a trader that is completely dependent from the other traders. So that if you fail, you have no one to blame. Also, knowing the fact that even pro or expert traders lose from their positions, so copying from them won’t still guarantee profits at the end of the day.

Copy trading is not profitable. Although in two trades you can profit most of the time but you will end up losing.Always try to do analysis of trading yourself.People see it and never participate in e-trading.Binance Exchange is the best as the best crypto exchange for trading.

One thing which these followers should really be doing so but there are indeed times which you are really that in a hurry on making huge profits or income with it and this is why setting up higher
leverage would be the key but it would turn out on blowing up your account and they would really be taking up the blame into that particular lead trader.
Its never been recommendable on having that copy trading because it doesnt assure out profitability but there are people who are still interested on this
and this is why we do see still those lead traders offering copy trades which is surprising.

The problem is that the lead trader opens its x1 orders, and those who copy such transactions open with a large leverage. Accordingly, a lead trader can hold a losing position for a long time, while his followers have already been liquidated by the exchange. So if you decide to copy trades, then you need to open positions with the same leverage as lead trader.

i actually trader but after watch my all time trade in my futures account I'm still at loss hahaha. meaning trade is very risky especially futures

and then i have tried copy trading in bingbon now bingx and still loss and then recently i have tried traderwagon platform that dedicated for binance user to lead trading and copy trading

i have test 3 user that shown good at historical data but after i copied i still pretty much loss from them and the lead trader is gone too

but there is a lot of people that tell me copy trading is profitable and also become a passive income

the hardest way is find the best lead trader in my opinion

This is what we are suppose to put into our personal agenda in trading, by not emulate anyone method ir strategies of trading, do you know that someone have to understand it's way of trading and it's method trading by creating it's means, so therefore observing or taking someone method might not be favorable to anyone, so i believe that creating your own means of trading should be the best option.

I don't know if this is peculiar to only me but I view trading as gambling too and since the market conditions are unpredictable, that makes it hard for even the most skillfully build trader to fail.

So basically, I won't say copying professional can save you or give you an edge over a bad opening order most especially when you open the positions at a time the markets already going against you and you are copying a trader that experienced different conditions.

So copy trading is not an accurate tool for trading and is only based on luck.

It is a profit-sharing that makes these trade leaders earn without taking a risk. Nobody will take that position if ever it was not profitable but many do which means, they are earning. Some people, lazy traders are often using this, trusting someone is not a wrong move, and even do copy trading but there is one thing we should do and that is to change this mindset as it was better to rely upon ourselves than rely on others. We'd learned already and I think it was enough to start our own.

Most of the things we see on social media are just pretences. They are just a version of "what I ordered but what I got" at the end. A few years ago, there was a dude I met on Facebook who seemed to be making money trading FX. He offered copy trading services on Octafx. He would make trade calls and close them in profit. He was a scalper and traded with big lot sizes. A few positive pips would throw him into huge profit. Then reality happened to him. He lost big time and burnt several live accounts that followed him. That also ran him into huge debts too.

For me, I haven't copied anyone's trade for live trading. I may monitor them to see how things go. In most cases, the copy traders flop and end in loss.

The title of this thread makes a lot of people respond whether copy trades will be profitable or not, but what the Op really asking is whether being lead traders on copy trades will profitable or not.
I have responded before that it is very possible to be profitable because the lead traders will get profit sharing but the profits of traders are reduced because they have to be shared with the leader.
And there are always traders who prefer to copy traders or follow signal groups because they feel it is a waste of time to analyze the market on their own, but such an attitude will make our trading knowledge undeveloped.

It means you are going to keep on checking if the person you are copy trading from is a good one or not, it’s a little bit about sustainability. Because, if you want effective trading, then you should end up trading with what you have, and what you know, if you rely on others, you will have to both try to find good people who you can copy, but then you need to hope that they stay good, and if they stop or be bad, then you need to do it all over again.

Learning how to be good yourself is a lot better if you ask me. That’s a personal preference of course, but that doesn't mean that you shouldn't learn, if you insist at least try to understand them.

Nevermind, I take my words back. I didn't know there was profit sharing. It's win-win situation. So alright, I guess.

I think you would have expatiate your reasoning so that we will understand exactly what you have in mind, via your explanation, sorry, for observing you, because i dont know exactly what you are narrating about, it would have be better assuming you make your explanation to be understandable

For finding leading traders, check Etoro trading platform. There are hundreds of crypto traders actively sharing live results and competitive sentimental analysis will help you to find best one in terms of risk management. Mirror aka copy trading is profitable for those who can follow the lead trader as agreed on terms&conditions. Applying different money management or changing trade variables may result in loss due to being greedy or overthinking market, from my experience.

Copy trading ease the practice by just following someone's trading strategy and tactics. First of all we need to find a person who is good in trading and go upon his plans. Everytime the prediction won't be precise to get profit. Market volatility varies and the profiting too varies. As said it can be a path towards wreck, but taking reference of one's trade plan and doing our analysis seems to be the better way of trading. Here we can learn and understand better about the market than just relying on someone's plan.

Copy trading is a system that copies other people's trading lists on trades that we make on a connected platform.
If you ask copytrading profitable or not, the answer is not always profitable, it depends on the person you copy, if they have a good strategy, good management of profits will be obtained. and choosing a trader should look at some of the recommendations of traders who have a good track record. Do not choose a trader without even a minus. Traders and investors (yourself) as well as the platform used both benefit if trading is successful and provides a profit. Every profit will be shared with the trader, you as an investor and the platform used as a place for copytrading. Don't rely too much on copytrading, it won't get any better. honing trading skills is very important so as not to depend on anyone.

I dont find the concept of copy-trading to be something profitable. I prefer doing my own research and then placing my trades such that if I lose money I know whom to blame, myself. This gives you confidence that you are in full control over your profits and it is not that someone is being a big guy and telling you how to trade.

Besides, if you are trading on something without knowing what is the basis you will never learn but be like a machine copying someone. That movement which the bigger trader saw in order to start that trade, may have already crossed its time and hence you buying/selling after that may be a wrong move.

I prefer doing spot, but if someone finds copy-trading to be profitable, by all means go with it.

This is not a question of how profitable it is but how effective it is. Profit will depends on the amount traded. And the effectiveness or choosing whom to copy is the most important. It might be very efficient because you just copy someone else trade but becoming dependable to others but usually is the path of getting wreck.

I have an exchange called global MEXC, of ​​course I'm not talking about Binance generally know how to trade on Binance, but my trading method on global MEXC I focus on trading ETFs, 5% profit per two days/week I get.

My goal is only for a few types of ETFs, I have been trading against the past few months until now, with good results, I did that because the crypto market is not stable, the method I take is simple, namely: Bitcoin goes up 3% ETF goes down 5% and so on, on the contrary, I'm talking about counter trading, not spot trading, Futures & Margin, that's another method.

I have considered the ETF counter trading method a good move I am currently doing as my main trade.

it's not like selling our skills in trading. those who create accounts to share and follow trades do indeed get some of the profits from the followers. but they don't sell it.
copy trading is indeed quite helpful for those who do not have enough time to do analysis. but choosing a trader to follow of course must be careful. we can choose pro traders who do have a pretty good trading record.
although the use of copy trading can be quite profitable. but I would not suggest its use. the risk will be greater, and the planning is not made by us.

Correct, but it's more of a two party agreement.

By the way, some platforms aren't solely dealing with crypto, so we're talking forex and stocks as well.

It's a win-win situation since brokers can utilize this as a marketing boon, while end users are more than happy to leave their monies managed.

This is really the case to think why I don't trust people who provide signals. Might say it was selfish not to share with others but I see this is more realistic than claiming their signals are good and right. Because the truth is that nobody has able to predict the market and all of these signals are just their speculations bound to be wrong. We'd rather make use of our knowledge and skill to create our own strategy, maybe this will work even better than others.

aka they want to increase the liquidity on their exchange. Most people don't understand copy traders only work when it was at a certain number of followers, enough to not tip the balance of demand and supply, buy and sell orders. Too much, you might as well just add more liquidity to a coin or exchange, reducing the spread. Or provide the liquidity for someone to dump their bag.

If you know what's going to happen with the market, then you can really be a lead trader. But in this world, there's no perfect prediction so lead traders can always make mistakes with the current market. There are just too many variables that would affect the current condition. It's everyone's ball game.

In terms of having the best crypto exchange, I think you would select the one that has the least fee per trade so you can get the most out of your trades. In general, it's just the same as long as you are trading in the correct way.

I am not a daily trader and only take advantage of the market situation to trade. But maybe many people use copy trading to trade because they follow professional traders and have a lot of money to trade.

But I believe professional traders can make a lot of money because they can analyze the market situation and know what to do. The thing to remember from all this is that whatever you choose, you have to be able to analyze and if you want to use copy trading to trade, make sure you follow someone with good judgment and you should also analyze before following him to trade. That way, you can avoid or minimize the risk of loss when the market reverses direction.

Some platforms incentivize traders with followers, or copy traders. So if you have a stable or profitable track record, people tend to follow you and their trades will make you money.

I wouldn't use it, just cause it causes dependency. Anyhow, if you were good trader why would you need to sell your trades?

To be on the list of traders that will be used as a reference for those who want to use copy-trading, it's difficult to achieve and be put there.

On a trading platform, E-toro which is known for its copy-trading feature, I think the candidates should really have good stats to be considered.

So my answer is yes, lead traders are truly making money as they won't reach their top status if they are not.

Lead traders, professional traders, big traders, or any trader that already reach the top-tier knowledge of doing trades are still committing losses. There's no perfect trader that has perfect winning stats.

But the good thing is that their winning stats are impressive and good.

In copy-trading, don't expect that it's always a win. More importantly, enough funds should always be there to keep up with that copied trader's activity. Not every day is the worst day and for sure, they can hit a good trade within a short period of time.

there is nothing wrong to experience copy trading as you will get a hold of why they are being promoted. as you said, try it with small funds, so if ever you lose, it is not hard from your pocket. copy trading is only good if you have no time and trying to understand the trading market. but it is still best if you learn it on your own, as you can gain some insights that are not being shared publicly and you will only learn by experience. just an example is - how to spot a potential pump and dump coin. if you have no experience, you have no idea that the team is about to rug pull. but by experience, you will know the warning signals if they are about to abandon the coin.

Maybe there are pro traders who can explain on why they did that move, if that so then it's possible to learn on them but I think most copy trading doesn't work like that. You can only copy the outcome of their analysis. This is why it's better to learn on our own. As usual, there will always be people who look for shortcuts. They don't want to venture the hard road so they will use a copy trade.

Etoro has this service but the reviews that they put can be one of their ways to market this service. They and the trader that is been followed are mainly the ones who earn a profit. Those who pay for such service can make a profit but that will be greatly lessened due to fees.

I tried copy trading last month since I saw lots of content creators in tiktok making a profit from it. I just want to know if it's real and don't have a confidence on it so I tried with 10 bucks only and chose a trader with almost perfect rating. The first two days was fine, after that his/her ratings sank in my third day following that trader and so on. If you are just curious like me, try it with $10 bucks to see it for yourself but imo better do it yourself when it comes to trading.

Copy trading can be very profitable based on different factors that need to be put in place. The market is very strict so we need to ensure we copy trade someone that has good knowledge about the crypto market and that has a good result as a trader. Someone can copy trade on Binance and some of the famous exchanges we have in the market.
One if the problem of copy trading is one can go and copy trade as the wrong time which can cause heavy loses in the crypto market is not in a bullish trend.

At the end of the day, lead trader is something to be careful about and there are not that many people who would be able to do that without needing some technological input. I mean it is clear that there is a need for a bot trading, or some signal tools, or something of another, because without those things you are not going to end up with anything good in the long run.

People who trade manually without needing anything else are not professional traders and they can't be at the top. However, you could end up with something that is doing a lot better and you would be profiting at a level where others can't if you do long term investment instead of focusing on lead trader.

Crypto exchange like Bybit or Kucoin doesn’t have that kind of strict requirements when it comes to lead trader because it’s based on your ROI and winning rate to become lead trader. Lead trader feature is only available on bot trading and not on regular spot or futures trading. Copy trade on exchange are meant for traders that use the bot so you can become a lead trader without being notice by you if you setup your privacy that allow copy trading.

On the Bybit.com exchange, it is much easier to get the status of a trading lead in financial terms, for this you need to deposit only $100 - https://www.bybit.com/copyTrading/en-US/master-trader But in addition to $100, you must produce a win rate of more than 60% or, oren ROI that is greater than 30%.

Copy trading is good if you're copying the right trader, If you don't have time to trade or don't want to learn trading ,if trading is not going well for you, And if you really want to leverage from trading because trading is actually not meant for everyone. There are good lead traders out there you can copy, but it will take you a lot of work, time and research to actually find a profitable lead trader to copy and you could do this by

1.spending time to go through the traders trading history and look at his previous performances ,
2.how many person's are copying his trades and
3.how he recovers a lose trade each time he looses a trade, this are factors you pay attention to when trying to copy a lead trader.

I have not used it on any crypto exchange before, but on Binance, I saw TraderWagon which you will link your Binance account with to be able to be a lead trader or if you want to copy trade. Even without registering, on Binance, you can see the positions taken by first 50 lead traders. There are other exchanges I also heard about like eToro, Bybit, MEXC, Gate.io and some others. But I do not know how reputed many of the exchanges are.

Can you let us know more about eToro, I haven't registered on the site yet. What criteria are needed before being a lead trader on the exchange? I mean the minimum amount of money needed by lead traders to open position. Also what is the maximum amount of profit in percentage that is deducted from people that copy lead traders that would be paid to the leader trader? And also what other profit do lead trader gets, like from trading fee and others?

Never mind me, I also wants to ask this question too, I noticed on Binance that before you can be a lead trader or copy trader, you have to register on another site, link you Binance account to it and Binance indicate that your KYC including your personal documents are also connected and known by the other platform which is TraderWagon. I too think this can result to KYC danger issues.

Trading has many mechanisms and copying another trader is like borrowing from his knowledge and tools, some leader traders with large followers go as far as even charging some percentages from the trades you copy them.
But as you said following your design pattern of trading is the best way, because you will understand your trading environment better and you will easily win the trade.
So, the best way is to develop your trading tool with the help of the knowledge you, get from others.

The reason why many exchanges allow this is because they know that the retail Public has no idea how to actually trade. So they provide these copy trader services because they make money off the commission.

The issue is that eventually those who run the signals eventually end up blowing their accounts and so does everyone who copied them. It’ll work for a while until it doesn’t pretty much. You can’t make any money long term with such services.

Follow trading is never been a good thing on making yourself learn about it.Its better to stick into manual.Main reasons on why newbies do tend to follow is that they are
going for the easiest way on making profits and this is where things ends up on which they do plan to follow someone.I do hear off on eToro which there are lots of feedbacks
that there are people who do really make money with that but i dont really believe that it is really that something worth to do so.
People who are on those been followed are the ones who really make money due to those fees i believe.

It was profitable depending on what strategy you have been following. Most newbies are doing this just for the sake of having an experience but of course, not all it works so well and fast adoption that even it was profitable, losses are still there. But I think the idea to keep doing this is not good as it encourages to make our own strategy because the market behavior has changed and we need also to adapt to the condition of the market making these old strategies may not work well.

I don't like copy trading for several reasons firstly copy trading is very bad for account security on exchange,
because we include API where all your data is sent to Copy Trading application,
and secondly Copy trading is just a waste of money and it's better to analyze the chart yourself.

The idea that it’s not sustainable should be implemented, that’s how you managed to start. There are people who think this is the way out of poverty and they will be able to get rich doing this, but the reality is that we are not going to be as rich at all. We are going to follow some people and that’s understandable, but he reality is that we are not going to be rich in the long run by following others and not understanding how it works.

This is why it’s better to learn how to do these yourself, so that you would be able to invest and earn your own money without needing anyone. Sure you started that way, but you learned later on, everyone needs to do that.

I used to copy trade back in my forex trading days. There were actually a couple of brokers like Etoro, Nforex etc. Who offers such kind of service where you can follow a lead trader and his trades will be automatically copied for you proportionate to your investment.

To be honest, I have never made money out of copy trade. Because at every profitable trade, the lead trader used to take a commission and unless someone has a huge money invested, the profits are usually miniscule.

I have never tried copy trade in crypto though.

It became popular as it was advertised and promoted to earn profit like how the profiles of those trades can be copied. Being able to do trade without enough knowledge is too risky. I didn't tried it yet but I don't think it is profitable if keep doing maybe there are instances that we can win through this method but if we don’t know anything about that coon it may lead more into loses. It’s already hard to trust signalsthat were given by paid so called professionals what more if we will just copy their trade without studying. I guess it will depend on who we will follow and if we trust him that much to risk our money without studying.

eToro's still the only one decently reputable platform for this as far as I know. But there's a new platform that's getting hyped up called STFX; not saying it's going to be good, but DYOR.

Ive heard this many times. Actually wanted to try out for some of my funds but I dont know if this is done automatically. I knew this is boom on stocks but Im not sure if there is a platform in crypto that doing the same thing. Probably etoro.

In my opinion, I think its the same as shill by some CT on twitters, whereas you buy what they bought and wait for certain gains. Like a typical call, but copy trade has a function on a platform. Anyone uses this on crypto exchange?

I think most of the replies not understanding very well what Op means by lead trader. IMO it is simply the trader that is being copied. That is meaning that trader that the trade orders is being followed or copied by other traders it is not determined by the liquidity or capital of the trader. However most traders that are followed don't make profit all day , they make losses but in trading if you are having more profit than losses then you are better but not all traders that are followed make higher profit than losses.

I don't know if being a lead trader will be profitable but if it's not profitable then it's impossible for anyone to want to be a lead trader.
I just know that to be a lead trader must have a not small equity for example on the mexc exchange at least $10000 but for now it's not mandatory
https://support.mexc.com/hc/en-001/articles/10435446316825-The-Beginner-s-Guide-to-Copy-Trade-Trader-
and you must first submit an application and need to wait until your aplications is approved.

perhaps, you will know also if that particular strategy(ies) that you have followed is working or not as we are blind enough. I'm not against of doing it because I started trading by using this one, but of course, it was not I want to keep doing this, and that is a reason why I make my own strategies. Maybe you will also think that having our own way of trading will succeed but sometimes it will also fail. As for me, whether it was copy trading or not, as long as we are in profit, that is still fine and I will keep doing that without hesitation.

oh I'm sorry mate i never heard lead trader before and i don't have any idea about it so i made research and its different on what I'm thinking on my first post. Lol
maybe making research in the internet will give you more information or why not using the most popular exchanges with high ratings if you want to trade on your own.? Just saying. 

You do not understand me. I can never copy a trade.

I mean if I join lead trader, is it profitable? That which crypto exchange is best for it to make maximum profit? I have seen many traders with good followers and having losses on an exchange that I am using. I prefer to trade on my own which is best for me. But not bad if people can copy my trade, the reason I ask the question.

I never tried copy trading but I've heard that it's profitable but depends on who you want to follow, and they said if you want to enter in it must rely which has more followers because it's legitimate and surely you will become profitable afterwards. . It very common last year tbh, and alot of newbies searching and sharing some good experience about it, i don't if still the same until now..

This is not an advice for any newbie to use copy trading. I have seen many lead traders that are copied but losing. This is just about knowing if lead traders are truly making much money.

I mean lead traders to be those traders that newbies are automatically copying their trades.

Are you a lead trader? If you are, what is the best crypto exchange you can be a lead trader and what is the maximum profit in percentage?