copytrading - page 3. | Bitcointalksearch.org

Silberman

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Quote from: doomloop on December 30, 2022, 01:00:54 PM

Don't do this nonsense. Copy trading is a little less crappy than trading using telegram chat signals. A hopeless and unprofitable occupation. You definitely won't be able to make money off of this. If you have an idea how to make money on trading with minimal effort, then you can safely throw this idea out of your head, because it is unrealistic. In trading, you can earn only if you are a completely independent trader. In all other cases, even if you will have some kind of profit, it will be extremely small and incommensurable with the time costs that you use for this type of activity. Moreover, when it comes to such a ridiculous amount as $100, there is nothing to do in trading with such amounts.

I think it's inappropriate to call it nonsense because there might be people who are good at doing this or find it beneficial but if we are a starter, especially in crypto trading then we shouldn't jump on these things easily because it can do more harm than good.

The minimum amount to be able to do this is slightly higher but I think I know why. That is because you will still need to pay something for the platform that conducts this service. They are the ones who can earn a guaranteed profits and not the traders. So, you are right that if we have some knowledge in trading, it will be better if we can just be independent as it's more efficient to do than relying on these things.

It is nonsense because copy-trading tries to violate one of the most basic trading principles, and that is that your profits are proportional to your level of skill, lets look at sports, which athletes are the ones that earn the most money? And in the majority of the cases you will find the most skilled athletes at their respective sports at the top, and how much are paid the mediocre players? Almost nothing and that is if they are being allowed to play at all at the professional level, and this same logic is true for trading as it is an activity in which your skill level determines your profits.

doomloop

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Quote from: ?? on ??

Don't do this nonsense. Copy trading is a little less crappy than trading using telegram chat signals. A hopeless and unprofitable occupation. You definitely won't be able to make money off of this. If you have an idea how to make money on trading with minimal effort, then you can safely throw this idea out of your head, because it is unrealistic. In trading, you can earn only if you are a completely independent trader. In all other cases, even if you will have some kind of profit, it will be extremely small and incommensurable with the time costs that you use for this type of activity. Moreover, when it comes to such a ridiculous amount as $100, there is nothing to do in trading with such amounts.

I think it's inappropriate to call it nonsense because there might be people who are good at doing this or find it beneficial but if we are a starter, especially in crypto trading then we shouldn't jump on these things easily because it can do more harm than good.

The minimum amount to be able to do this is slightly higher but I think I know why. That is because you will still need to pay something for the platform that conducts this service. They are the ones who can earn a guaranteed profits and not the traders. So, you are right that if we have some knowledge in trading, it will be better if we can just be independent as it's more efficient to do than relying on these things.

traderethereum

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Copy trading is not investing but a way of trading by following what other traders are doing.
You only need to imitate what they do and wait for the results but this method is not recommended because the market is still fluctuating as it is today.
You should buy bitcoins with the DCA strategy, where you can buy at a lot of low prices and keep them.
I never heard of bingx like you mean so you better be careful and not try copy trading like everyone else.
You should try to trade yourself with your abilities to improve your trading skills through analysis.

Hispo

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I have heard about copy trading before, in some specific brokers and exchanges, like eToro.
I don't think copy trading is a good idea, specially if you are in a position where you can't afford to lose money because a bad position.

Let me put it this way, out in the market there are actual professionals, fund managers, investment advisors etc, who would charge your for their services and they have reputation they have built through the years.

If copy trading was profitable, it would be a direct competence to those professionals and services, which leads me to believe that when you accept the Terms of conditions of the copy trading, you agree the platform does not take any responsibility on the losses of your money and they may even not guarantee the reliably of their traders and their statistics.

There is a good reason why people hire a financial advisor instead copy trade, OP.
Take care of your money and do not get scammed.

AicecreaME

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No offense but copy trading for me is like burning your money with someone else idea on how to "make" profits in trading. But if you really want to try it, then go ahead. In my opinion, I'd rather slowly make profits in spot trading, buying low and selling high, little by little but sure profit. Then I'll go ahead in futures, to level up the thrill and profits, but of course you have to prepare yourself, study more, to avoid liquidations as much as possible.

But to be honest, you'll need a lot of money in trading before you could make a lot of profits because of experience.

2double0

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What is bingx?
I've never heard of it before. You can try bitget or bybit's copytrading. I have used bybit's copytrading and I can vouch for their services, it was a good experience and everything is under our control where we set our goals and select the best trader based on their entire performance. Do not choose any trader based on their recent performance because that doesn't guarantee that they will keep consistency and trade likewise, so try to be careful whenever you choose any trader. There's one bad thing about copytrading, the best traders with the best results are already full so try to wait and get a slot in their team, don't be in a hurry and don't copy any 'just another' trader.

Fatunad

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Quote from: tvplus006 on December 29, 2022, 07:26:59 AM

Quote from: david678345 on December 28, 2022, 02:15:37 PM

...are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?

Copytrading with a trading deposit of less than $100 is available on the Bybit.com exchange. Ratings that can be filtered by the highest profit of subscribers or by ROI will help you figure out the choice of traders to copy. On my own behalf, I want to add that copytrading very often leads to the loss of the deposit if you set it up incorrectly.

Making yourself do follow into those top ranking profitable traders which you could really make out some following then its up to someones choice.$100 is a small amount but i do hear off about
Bybit which we know that it isnt really that much popular but its not bad to consider either, i cant really just that too confident on making deposits on platforms which arent really
that sitting on the top ranking or known ones. Just like others been suggesting on here that copytrading isnt something that a good idea but for the sake of curiosity and
just want to test out something then its not bad to try.

Crypto Library

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I think it is better to avoid copy trading as much as possible, because doing copy trading only follows others and does not develop trading skills in oneself. And if you pick up the wrong trader for follow or copy trade, then you will be loss your fund and skill both . Moreover I would suggest it only for beginner traders who are going to start trading.

Quote from: david678345 on December 28, 2022, 02:15:37 PM

And some tips to choose the best traders?

Many people follow social media to select traders means taking signals from social media I would call it risky. And I would suggest to select the trader who has good accuracies in terms of earning profit from the leader board of the exchanger.

el kaka22

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Copy trading is something, I do see frequently as an interesting recommendation from many people here but I yet to hear a success story out of it. If it would be an easier way to make profits like pro traders then I am sure that many trusted people from this community must have shared their real experiences (sorry I do not count unestablished people to rate anything). So, there would be multiple hidden catch within those copy-trading schemes. Otherwise, we would have got many millionaires here.

I remember, to avail copy trading feature on some exchanges, we need to pay a subscription fees which again adding another layer of losses to your capital before you open a trade. By the known fact of 'pro traders also hit stop-loss time to time', I guess we need to copy all 100% trades of a pro trader, otherwise we may miss some profitable trade but will copy a losing trade with all our capital.

tvplus006

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Quote from: david678345 on December 28, 2022, 02:15:37 PM

...are there any other options besides bingx to start with less than 100?
And some tips to choose the best traders?

Copytrading with a trading deposit of less than $100 is available on the Bybit.com exchange. Ratings that can be filtered by the highest profit of subscribers or by ROI will help you figure out the choice of traders to copy. On my own behalf, I want to add that copytrading very often leads to the loss of the deposit if you set it up incorrectly.

palle11

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Crypto trading is a volatile type. It is not stock that you can invest a $100 and go relaxed that you already have investment. If you already have a platform that you do your copytrade and it is going well but your concern is a platform for cheap investment, you better stick with what you know and don't try to look for what you don't know. Investing with $100 is not too much in crypto trading.

Plaguedeath

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@OP $100 is small money to start trading, if you don't have at least $100 it's better if you don't start to trade and collect more money first. Don't forget every exchange charge a lot fee when you want to withdraw and every trade you need to pay trading fee. I think you're not really familiar with trading and want to make money via instant way e.g using copytrading, you could lost all of your money without learn anything.

Strongkored

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Quote from: blockman on December 28, 2022, 07:17:55 PM

It seems that you're going to rely solely on copy trading, it may be somehow good at times but not really good in the long run. You don't know what type of mindset the trader you're about to copy and there could be some trappings that may happen and one of your funds might be affected by that if the trader decides to trip all of his followers. Generally speaking, it's totally risky if you're going to do copytrade but with such amount I think you're on your shoe and that's okay to lose for the sake of experience.

In copytrade, traders must be careful before deciding to follow lead traders and usually the exchange will provide information regarding about the lead trader such as Win Rate, ROI and so on and this information must be able to become a reference which one will be chosen as a lead, do not know exactly which exchange provides copytrade with only $100 in funds maybe Op can check on the mexc exchange because this exchange provides the copytrade feature.

borovichok

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Quote from: blockman on December 28, 2022, 07:17:55 PM

It seems that you're going to rely solely on copy trading, it may be somehow good at times but not really good in the long run. You don't know what type of mindset the trader you're about to copy and there could be some trappings that may happen and one of your funds might be affected by that if the trader decides to trip all of his followers. Generally speaking, it's totally risky if you're going to do copytrade but with such amount I think you're on your shoe and that's okay to lose for the sake of experience.

Trading is best done if one take the giant step to learn every knots and tie of the whole market operation. Copy trading have helped alot of newbies and have also liquidate the trading accounts of most of them. It's risks is censorious and not advisable to trade if not having enough funds in trading accounts. Top experts trading pattern varies with contrasting view of the market, the whole process is just commonsensical and running at a loss would triggered prompt gloom-ridden predictions.

blockman

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It seems that you're going to rely solely on copy trading, it may be somehow good at times but not really good in the long run. You don't know what type of mindset the trader you're about to copy and there could be some trappings that may happen and one of your funds might be affected by that if the trader decides to trip all of his followers. Generally speaking, it's totally risky if you're going to do copytrade but with such amount I think you're on your shoe and that's okay to lose for the sake of experience.

Ryker1

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Quote from: milewilda on December 28, 2022, 05:49:41 PM

Copy trading? This do usually can be found on eToro but not something recommendable and also with that 100 bucks then it cant really be just sufficient if you are really that asking out for that copy trading.
[snip]

Why not?
If OP wanted to try copy trading even just once, why not. Before I am curious about copy trading and how it will work, so I tried it is the Etoro exchange platform which is very popular and the most suggested exchange here before --so I give hints on it. Until such day I realized that we need to move on with the strategies and skills that we have used. But the eToro platform is very expensive because there is a minimum amount to deposit and to start copy trading. You must have a minimum amount of $200 before you will be able t do a copy trading on that eToro exchange which is I think not bad if this is your first stepping stone to learn in trading.

milewilda

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Quote from: david678345 on December 28, 2022, 02:15:37 PM

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?

Copy trading? This do usually can be found on eToro but not something recommendable and also with that 100 bucks then it cant really be just sufficient if you are really that asking out for that copy trading.
Just like the rest been suggesting on here that it would really be that ideal if you do simply start off with spot trading and wont tend to touch up copy trading and would rather make yourself
do learn with those basic trading principles out of that hundred bucks of yours.Its understandable for a noob to avoid risk and losses at first but this is something inevitable.
Bare with these things or else you cant really be able to learn up things about trading.

suzanne5223

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Quote from: david678345 on December 28, 2022, 02:15:37 PM

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?

Copy trading is a lazy trader idea even if the trader is inexperienced she can spend some time and develop her knowledge.
In the meantime, I hope you know that copy trading is just entrusting your investment to someone you barely know who claimed to be an expert or professional trader, and if the person trading fails you lose your investment. However, Etoro seems to have a feature for copy trading, and Mati Greenspan who also a former worker of Etoro also provided market analysis years ago I don't know if he's still doing it.
Having said that, I will advise you to DCA $100 in BTC instead of the copy trade.

Maestro75

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If you find it difficult raising $100 to invest in trading you should not be talking about copy trading at all. Maybe you should start with spot trading and buy only bitcoin or other top coins. Keep away from tokens with hyip or apy because they most times end up as scams and will cause you to lose money. Copy trading is not for those with weak minds.

mk4

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Quote from: david678345 on December 28, 2022, 02:15:37 PM

are there any other options besides bingx to start with less than 100?

Not sure about the minimums, but you might want to test out eToro or STFX(crypto DEX-like platform). DYOT.

Quote from: david678345 on December 28, 2022, 02:15:37 PM

And some tips to choose the best traders?

I personally can't even recommend copy-trading so you do you. I'd only do it for fun.

Topic: copytrading - page 3. (Read 529 times)