Topic: copytrading (Read 598 times)
If you want to do Crypto trading then I would suggest you first get a thorough understanding of trading. If you think that I will profit from Crypto trading then you are totally wrong. If you don't have complete concept and correct information you can face loss in Crypto trading. Since you want to start training with just less than $100, I would suggest you to collect some more money first and get good knowledge about Crypto trading along with collecting money. Then it will be seen that you are seeing success in Crypto trading.
Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?
Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?
Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
I would strongly suggest you improve your trading skills through learning technical indicators and Risk/money management skills, & practice demo trading before you enter in the real market. It will take some time but through experience you will learn when to enter & and when to exit from a trade. Copy trading sounds good for newbies & might seems an easy way to make profit, but there is risk that you might end up losing money due to failures of copied trades, which you can't afford.
Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?
Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?
Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
I would strongly suggest you improve your trading skills through learning technical indicators and Risk/money management skills, & practice demo trading before you enter in the real market. It will take some time but through experience you will learn when to enter & and when to exit from a trade. Copy trading sounds good for newbies & might seems an easy way to make profit, but there is risk that you might end up losing money due to failures of copied trades, which you can't afford.
Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?
Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
Sorry to say this , but you will never be a profitable trader doing copy trades, learn TA , practice using Demo accounts if successfull, then start with small 10/20 dollar positions , once you are consistent , you can start trading , advice number two , have a plan , entry , stop loss , take profit targets , always take profit , if you dont , someone else will , and last but not least , keep a trading journal and log all your trades . oh and also , ignore FUD , and all crypto influencers , make your own decisions based on your own analysis . are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?
Hello, what platform do you recommend to do copy trading that you can start investing with less than 100 dollars? I understand that most platforms require a minimum of 100 to do copytrading, right?
are there any other options besides bingx to start with less than 100?
good luck .
I only know it is possible to do copy-trading in forex, never knew it was already possible to copy trade in crypto, founding this feels great, at least, newbies who are just starting out in crypto now have options through which they can make some money while learning the market, it is indeed a good development, I will definitely try out copy trading on one of the exchanges mentioned here, let me see how profitable this is.
Dear these features are not new to the crypto market but now these features are automated so people who enter the market recently prefer less effort works. These automated bots and Copy trading option were available in past but their definition was different. I think you know about signal's those were and still are very popular in newbie traders are also a type of copy trading in which users totally relays on the signal provider's analysis.
risky it would be and its not something that a newbie could easily deal with or even with a veteran. Its better to stick yourself on doing some spot and mixed up with some futures if
you could able to bare up with the risk but if not then go with spot.
I only know it is possible to do copy-trading in forex, never knew it was already possible to copy trade in crypto, founding this feels great, at least, newbies who are just starting out in crypto now have options through which they can make some money while learning the market, it is indeed a good development, I will definitely try out copy trading on one of the exchanges mentioned here, let me see how profitable this is.
Dear these features are not new to the crypto market but now these features are automated so people who enter the market recently prefer less effort works. These automated bots and Copy trading option were available in past but their definition was different. I think you know about signal's those were and still are very popular in newbie traders are also a type of copy trading in which users totally relays on the signal provider's analysis.
I only know it is possible to do copy-trading in forex, never knew it was already possible to copy trade in crypto, founding this feels great, at least, newbies who are just starting out in crypto now have options through which they can make some money while learning the market, it is indeed a good development, I will definitely try out copy trading on one of the exchanges mentioned here, let me see how profitable this is.
Dear these features are not new to the crypto market but now these features are automated so people who enter the market recently prefer less effort works. These automated bots and Copy trading option were available in past but their definition was different. I think you know about signal's those were and still are very popular in newbie traders are also a type of copy trading in which users totally relays on the signal provider's analysis.
I only know it is possible to do copy-trading in forex, never knew it was already possible to copy trade in crypto, founding this feels great, at least, newbies who are just starting out in crypto now have options through which they can make some money while learning the market, it is indeed a good development, I will definitely try out copy trading on one of the exchanges mentioned here, let me see how profitable this is.
Im aware on eToro on having that copytrading feature whether you are dealing with crypto or with those common forex things but i dont know if there are ones here on crypto space which are focusing on that or having the features for someone to follow up but im sure there are ones who are currently existing.Copy trading is never been worth specially for a newbie on which it would really be that hard for you to to make yourself progress when you are just following someone unless if you do study off gradually to make yourself to be an independent type of trader on which it would be preferable on this way rather
than on being reliant into others.Learning would takes time and this is where people doesnt really like and this is where they do decide that they would really be hurrying up themselves and
ending up on lots of errors and mistakes.
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I only know it is possible to do copy-trading in forex, never knew it was already possible to copy trade in crypto, founding this feels great, at least, newbies who are just starting out in crypto now have options through which they can make some money while learning the market, it is indeed a good development, I will definitely try out copy trading on one of the exchanges mentioned here, let me see how profitable this is.
Copy trading is for those who own a lot of money + they don't have time to spend on the analysis and all the trading-related stuff but i am damn sure a newbie or a person who owns a few amounts of money should not try this. As recently in Pakistan copy trading by students from the waqar zaka official was the hot topic for taking wrong trades in volatile market.
Even people with a lot of money should not use copy trading. We should analyze and trade by ourselves, relying on others will be very difficult to achieve good results, I have not seen anyone succeed by copying others.
To the OP, what you need is knowledge, not copying. As I said, I haven't seen anyone succeed by copying others. Most newbies will choose the path you are choosing, and then they give up on it because of a loss and do not bring any useful knowledge. So hope you don't go their way.
I will rather advised op to learn trading thoroughly eonthag he will know the certain reasons why people decided to go for a particular trades. Trading has soqny things to learn with more obvious risk management to prevent significant loses.
Yes, this is a must. I also don't recommend investing in copy-trading since it might turn into a big loss if you have invested a lot. There are a lot of exchanges that are offering this kind of feature but the only problem is that there is no policy if you lose a lot of money from the trader you chose.
That' why learning trading might take years but it is really worth it once you know the flow of the market and its pattern.
I don't know did I mentioned it or not the last incident in my country a famous trading personality was teaching Copy trading and Many students invested small amounts of money but not small for them because they invested it from their pocket money or borrowings. Due to small wrong trades of That person, all students lost their value able assets.
Instead of copying the trading strategies or even the trading history of others, it will be better if you will first acquire trading skills so you won't have to rely on anyone. Having enough knowledge about trading will be your advantage because following the footsteps of others in trading might only lead you on the wrong track. You must learn how to trade on your own by dealing with the volatility of the market and learning how to analyze it. There are already lots of trading resources that you can find online and you only need to be eager to learn.
OP let me just drop you this should in case you ain't familiar with the rules of the forum, this board is for bitcoin discussion and you're trying to ask about trading which i think should be best done in under speculations or trading discussion, anything that has to do with bitcoin price and patterns were directed towards thier approved board for such discussion, also you don't need to keep repeating yourself.
With all due respect I think OP is at the right board and this is a trading discussion board and I don't see anything wrong with his questions .
With this been said, most people shouldn't take things too personal especially when it has to do with newbies because it is so discouraging and I'm sure that here (Bitcointalk forum) is a learning ground were we unlearn, learn and relearn and the more reason while we have ranking is to help build teammanship and support people who genuinely want to learn and I think OP is one of those seeking answer to their problem.
@OP you should have a relook at your post because it seems you wrote it twice and to answer your question, you should try octafx copy trading app, just a suggestion and you should do your own research.
Copy trading is for those who own a lot of money + they don't have time to spend on the analysis and all the trading-related stuff but i am damn sure a newbie or a person who owns a few amounts of money should not try this. As recently in Pakistan copy trading by students from the waqar zaka official was the hot topic for taking wrong trades in volatile market.
Even people with a lot of money should not use copy trading. We should analyze and trade by ourselves, relying on others will be very difficult to achieve good results, I have not seen anyone succeed by copying others.
To the OP, what you need is knowledge, not copying. As I said, I haven't seen anyone succeed by copying others. Most newbies will choose the path you are choosing, and then they give up on it because of a loss and do not bring any useful knowledge. So hope you don't go their way.
I will rather advised op to learn trading thoroughly eonthag he will know the certain reasons why people decided to go for a particular trades. Trading has soqny things to learn with more obvious risk management to prevent significant loses.
Yes, this is a must. I also don't recommend investing in copy-trading since it might turn into a big loss if you have invested a lot. There are a lot of exchanges that are offering this kind of feature but the only problem is that there is no policy if you lose a lot of money from the trader you chose.
That' why learning trading might take years but it is really worth it once you know the flow of the market and it's pattern.
I don't know did i mentioned it or not the last incident in my country a famous trading personality was teaching Copy trading and Many students invested small amounts of money but not small for them because they invested it from their pocket money or from borrowings. Due to small wrong trades of That person, all students lost their value able assets.
Copy trading is for those who own a lot of money + they don't have time to spend on the analysis and all the trading-related stuff but i am damn sure a newbie or a person who owns a few amounts of money should not try this. As recently in Pakistan copy trading by students from the waqar zaka official was the hot topic for taking wrong trades in volatile market.
Even people with a lot of money should not use copy trading. We should analyze and trade by ourselves, relying on others will be very difficult to achieve good results, I have not seen anyone succeed by copying others.
To the OP, what you need is knowledge, not copying. As I said, I haven't seen anyone succeed by copying others. Most newbies will choose the path you are choosing, and then they give up on it because of a loss and do not bring any useful knowledge. So hope you don't go their way.
I will rather advised op to learn trading thoroughly eonthag he will know the certain reasons why people decided to go for a particular trades. Trading has soqny things to learn with more obvious risk management to prevent significant loses.
Yes, this is a must. I also don't recommend investing in copy-trading since it might turn into a big loss if you have invested a lot. There are a lot of exchanges that are offering this kind of feature but the only problem is that there is no policy if you lose a lot of money from the trader you chose.
That' why learning trading might take years but it is really worth it once you know the flow of the market and it's pattern.
Copy trading is for those who own a lot of money + they don't have time to spend on the analysis and all the trading-related stuff but i am damn sure a newbie or a person who owns a few amounts of money should not try this. As recently in Pakistan copy trading by students from the waqar zaka official was the hot topic for taking wrong trades in volatile market.
Even people with a lot of money should not use copy trading. We should analyze and trade by ourselves, relying on others will be very difficult to achieve good results, I have not seen anyone succeed by copying others.
To the OP, what you need is knowledge, not copying. As I said, I haven't seen anyone succeed by copying others. Most newbies will choose the path you are choosing, and then they give up on it because of a loss and do not bring any useful knowledge. So hope you don't go their way.
I will rather advised op to learn trading thoroughly eonthag he will know the certain reasons why people decided to go for a particular trades. Trading has soqny things to learn with more obvious risk management to prevent significant loses.
Copy trading is for those who own a lot of money + they don't have time to spend on the analysis and all the trading-related stuff but i am damn sure a newbie or a person who owns a few amounts of money should not try this. As recently in Pakistan copy trading by students from the waqar zaka official was the hot topic for taking wrong trades in volatile market.
If someone has a lot of money and they do not have the time or the interest to learn how to trade on their own then why use copytrading when they can simply hire a money manager which could do the job for them? Now obviously picking a money manager has all kind of issues and pitfalls in which you may fall, but that would be the correct option for those people, in a way those which engage in copytrading seem to want to imitate this dynamic but without having to pay big money for the service.I prefer to do copy trading than investing in fund manager because you have more control on your assets on it, there are some fund managers who have strict rules and condition where you cannot withdraw your funds immediately.
Always have a good idea about cryptomarket if you want to trade. Those who are new traders should start trading first with the help of others. The more time you spend with trading, you will get better idea about trading. There are people who know nothing about trading. When they start trading knowingly, they lose their money. So if you trade with a good idea about the trade, there is very little chance of losing money.
Copy trading is for those who own a lot of money + they don't have time to spend on the analysis and all the trading-related stuff but i am damn sure a newbie or a person who owns a few amounts of money should not try this. As recently in Pakistan copy trading by students from the waqar zaka official was the hot topic for taking wrong trades in volatile market.
If someone has a lot of money and they do not have the time or the interest to learn how to trade on their own then why use copytrading when they can simply hire a money manager which could do the job for them? Now obviously picking a money manager has all kind of issues and pitfalls in which you may fall, but that would be the correct option for those people, in a way those which engage in copytrading seem to want to imitate this dynamic but without having to pay big money for the service. 
I think it also has to do with the platform that you use. Are you sure that they are legit? Because I never heard of them before. There must be legit and popular platforms to try copy trading. Maybe you can try again for the last time and see if there is any change on the result that you are getting.
Also you shouldn't use money which are high enough especially if you are dealing with things which are still new to you but even if we are familiar with it already, it is always advisable to use only amounts that we can afford to lose easily. Trading and gambling have some similarities and that is their risks are high but IMO winning can be more attainable in trading than in gambling.
Also you shouldn't use money which are high enough especially if you are dealing with things which are still new to you but even if we are familiar with it already, it is always advisable to use only amounts that we can afford to lose easily. Trading and gambling have some similarities and that is their risks are high but IMO winning can be more attainable in trading than in gambling.
The BingX is now popular at least in my country and now its getting bigger because its platform also offers spot trading they used to only offer futures trade that gather data from binance exchange futures the real benefit is they offer lower fee.
The trader wagon in the other hand is relatively new platform but this got a recommended from binance since you are gonna see if open binance futures leadboard so i think this platform must be good but in reality the bug still there, they are tying to fix it sometimes I see a bunch complaint in their telegram group too.
I think that your loss of deposit is due to the fact that the trader you copied used the x1 leverage, and you used a higher leverage. Thus, the leading trader will still be in the position, while your order will be liquidated by that time.
That's definitely the main reason. When you use leverage but at 1x rate that's basically nothing, the highest I have ever seen is 150x which means that it would be liquidated in a second if it goes on the wrong direction. Which is why it's very important to make sure that you end up following what's going on and you should be trying to avoid doing anything like that.I know that getting ahead of yourself with these of trades are common and something that everyone does, but you shouldn't do anything that you are not fully in charge of. These leaders know what they are doing and they still make wrong moves, if we do even more then it's going to end up with a lot worse results.
Yep the traderwagon offer 2 different option when it comes to leverage either you choose the x10 leverage or follow the lead trader, but in my case my lead trader never goto above x20 level, the wrong move they do usually don't put the stop losses at least this what i found on my last copy trade
I'm gonna share my personal experience of copy-trading I have been copied on 2 platform the first one is bingbon and now called BingX is futures paltfrom like bybit i deposited 100$ might not much for you guys but this a lot for me and then I'm ending up a couple of dollar and total doomed
and second I tried binance traderwagon and same i tried it with 200$ and ending up 30$
I don't know why maybe I choose the wrong lead trader but after loosing money I decided to stop but sometimes I see people share their profit and make tempting again
I think that your loss of deposit is due to the fact that the trader you copied used the x1 leverage, and you used a higher leverage. Thus, the leading trader will still be in the position, while your order will be liquidated by that time.and second I tried binance traderwagon and same i tried it with 200$ and ending up 30$
I don't know why maybe I choose the wrong lead trader but after loosing money I decided to stop but sometimes I see people share their profit and make tempting again
I know that getting ahead of yourself with these of trades are common and something that everyone does, but you shouldn't do anything that you are not fully in charge of. These leaders know what they are doing and they still make wrong moves, if we do even more then it's going to end up with a lot worse results.
A few years ago, I opened an account on eToro for the purpose of trying their copy-trading feature. But when I read online that some people talking about the spread gaps which I already forgot but probably around 1% to 3% something. Even a 1% gap is already big for me especially when I tried to scalp trade before. There is no harm in trying though and you can test it with a small start of $100. It's your choice but I would rather make my own analysis or at least base some of my analysis on popular traders and analysts since there are a lot of them available online.
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