Have you ever used copy trading apps - page 2.

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Quote from: Dr.Bitcoin_Strange on August 12, 2023, 06:46:03 PM

Quote from: Obari on August 05, 2023, 11:35:30 PM

Just as my topic reads, I'm interested to know if anyone has ever used copy trading apps and what's your experience?

The truth is that I don't like using copy trader feature on any of those brokers or exchange, because if I can't be confident in my own trading strategy, then I see no reason to trust the copy trader as well. Well, some people say it works for them, but the thing is that as a trader that I am, I know that the dynamic nature of the crypto or forex market makes it very difficult to accurately determine the direction of the market. As such, I just prepare to go with my trading strategy so that if I lose, I will learn from my mistake, correct the mistake, and go again. "Ones a professional trader, many times a failure." If one can not trade and learn from their errors, then they can't become a professional trader, perhaps those copied trades are also shared by some traders who claim to be professionals.

Exchanges are just trying to get more people into the market, as the more people they bring the more money it moves and the more profits they make, and the same is true for anyone that is bound to get a financial gain out of those people, however while everyone wins the ones that do not are precisely the people that come to this market not knowing how to trade and that somehow believe that despite lacking the most basic of skills to become profitable they can still find a way to do so, a notion that is ridiculous no matter how hard I think about it.

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Quote from: Obari on August 05, 2023, 11:35:30 PM

Just as my topic reads, I'm interested to know if anyone has ever used copy trading apps and what's your experience?

The truth is that I don't like using copy trader feature on any of those brokers or exchange, because if I can't be confident in my own trading strategy, then I see no reason to trust the copy trader as well. Well, some people say it works for them, but the thing is that as a trader that I am, I know that the dynamic nature of the crypto or forex market makes it very difficult to accurately determine the direction of the market. As such, I just prepare to go with my trading strategy so that if I lose, I will learn from my mistake, correct the mistake, and go again. "Ones a professional trader, many times a failure." If one can not trade and learn from their errors, then they can't become a professional trader, perhaps those copied trades are also shared by some traders who claim to be professionals.

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Quote from: cute nmp on August 11, 2023, 09:44:48 AM

Have use copy trading apps before and I cant really say they bring it any much profits as mostly advertised , you can make small percentages from time to time but the losses sometimes are more than the wins that way you wont see much profits overall. It will be better to learn and master any trading strategy by yourself that way you can control your losses and wins and keep consistency in your trading journey.

I do definitely agree into this point which is actually that accurate on which most newbies or really that lazy people are the ones who would really be considering on taking up such path or method because they dont

really have much time or doesnt really like to exert effort that much towards their trades and this is why the reason they would be sticking into something that they could really be able to earn without exerting
much effort which its never been that recommendable.There are people who are just really that not mindful until the time comes that they would be experiencing out some huge losses or mistakes
that you have done along the way. Copy trading for the sake of curiosity then its not bad but relying into it despite on having continous loses is never been that ideal or good.

This is why it would be always that better that you should really be learning up trading on your own methods and ways or active dealing on which you would be able to make
profits on your own and on the time that you would be losing then that kind of feeling of regret wont really be that worst compared when you are relying on someone.

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Have use copy trading apps before and I cant really say they bring it any much profits as mostly advertised , you can make small percentages from time to time but the losses sometimes are more than the wins that way you wont see much profits overall. It will be better to learn and master any trading strategy by yourself that way you can control your losses and wins and keep consistency in your trading journey.

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Quote from: GhulamOctaFX on August 11, 2023, 08:52:02 AM

Quote from: bettercrypto on August 11, 2023, 03:18:14 AM

Quote from: Obari on August 05, 2023, 11:35:30 PM

Just as my topic reads, I'm interested to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading app but never never used it because I've tried downloading it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅 but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

The only copy trade platforms I know are Bitget, Fairdesk and or ta fx which is always seen in Facebook ads. Then I can't say that copy trading is bad. Because if you can really make money by copying trading, why not do it, right?

just make sure that what you put your money in that you can trust to copy is based on the research you did here. Because it's not just a copy that will earn you money right away.

Dear Bettercrypto,

Copytrading is a feature introduced for people who find it difficult to find the time to trade. It is based on real trading and also involves the same level of risk. Due to this particular reason, we provide the filters for Master Trader traders by risk score (1-2 score traders take the slightest risk while trading) or by strategy (this can be seen via the Master Trader's trading history), among various other factors. You are most welcome to check the details here at this link:
https://www.octafx.com/copy-trade/

You are most welcome to try our Master Trader search filter and find a Master Trader with the same school of thought regarding trading. For any further information, you are most welcome to contact us via live chat or email ([email protected]). We recommend you follow our social media platforms to stay updated with the latest news and promotions. We hope to hear from you soon.

Kind regards,
OctaFX Rep.

Since you're a representative here, I think it will be more better if I get to the team through you for faster response and ease of communication and I will appreciate if we can get to talk more better maybe on telegram since you are still limited to pm
You can reach me on telegram @sakaexchange and I will be will to talk more better with you.

Obari.

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Quote from: bettercrypto on August 11, 2023, 03:18:14 AM

Quote from: Obari on August 05, 2023, 11:35:30 PM

Just as my topic reads, I'm interested to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading app but never never used it because I've tried downloading it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅 but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

The only copy trade platforms I know are Bitget, Fairdesk and or ta fx which is always seen in Facebook ads. Then I can't say that copy trading is bad. Because if you can really make money by copying trading, why not do it, right?

just make sure that what you put your money in that you can trust to copy is based on the research you did here. Because it's not just a copy that will earn you money right away.

Dear Bettercrypto,

Copytrading is a feature introduced for people who find it difficult to find the time to trade. It is based on real trading and also involves the same level of risk. Due to this particular reason, we provide the filters for Master Trader traders by risk score (1-2 score traders take the slightest risk while trading) or by strategy (this can be seen via the Master Trader's trading history), among various other factors. You are most welcome to check the details here at this link:
https://www.octafx.com/copy-trade/

You are most welcome to try our Master Trader search filter and find a Master Trader with the same school of thought regarding trading. For any further information, you are most welcome to contact us via live chat or email ([email protected]). We recommend you follow our social media platforms to stay updated with the latest news and promotions. We hope to hear from you soon.

Kind regards,
OctaFX Rep.

GhulamOctaFX

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Quote from: Obari on August 10, 2023, 02:57:07 AM

Quote from: GhulamOctaFX on August 09, 2023, 09:16:54 PM

Kind regards,
OctaFX Rep.

You guys have been in the forum since April and my post has been the only post that has prompted your response and thats amazing 👏
I'm not sure most people know of this feature of copy trading and you guys still have a lot of work as regards to publicity especially in the forum and though I've seen some affiliate marketing by some influencers in my country, but that's mostly for the octafx app and not the copy trading feature but whatever the case might be, I think running some form of campaign to create awareness about the copy trading feature of your app will do alot of good both to your firm as well as traders.

You can rent my signature space if you find my idea attractive or slide in my pm so we can talk and discuss more better about it.

Hi Obari,

Thank you for your suggestions, it means a lot to us and we indeed take your feedback seriously. You are most welcome to contact us on any of our official social media platforms and share all the details of what you can offer. The relevant department will then contact you. For any further queries, you are most welcome to contact us via [email protected]. We are available for you around the clock.

Kind regards,
OctaFX Rep.

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Quote from: GreatArkansas on August 10, 2023, 04:56:56 AM

For me, my own opinion is, the first I noticed is the risk is not worth if. Because if you have a profitable trader from your master trader, the profit you will get is somehow few because of their charge, some are 10%-15%.
But there's a loose trade, you will lose huge.

We all know, not all trades will go well, so I think choosing a master trader that has a good risk: reward ratio or good and always look for long term here.

I think if there is a big fee to use it, and the profits do not worth it, then that master doesn't really worth it neither. I have worked with some that had zero, just to get their name out there, and they were actually making a small amount of profit and during bear period that's not bad at all, but then after getting a lot of followers they decide to charge a lot more and suddenly all their small return became nothing and even a loss at times.

This is why always try to find a way to trade yourself, if you end up trading based on what others telling you to do, then you are going to be dependent on them and they will be able to do whatever they want from you, this is why it's much better to make it look like it's different on the long end.

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Quote from: Obari on August 05, 2023, 11:35:30 PM

Just as my topic reads, I'm interested to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading app but never never used it because I've tried downloading it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅 but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

The only copy trade platforms I know are Bitget, Fairdesk and or ta fx which is always seen in Facebook ads. Then I can't say that copy trading is bad. Because if you can really make money by copying trading, why not do it, right?

just make sure that what you put your money in that you can trust to copy is based on the research you did here. Because it's not just a copy that will earn you money right away.

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Copy trading is fine if the application is reliable, but you should not expect it to be a magical tool to make millions of dollars without any fatigue.

You need some experience in using copying applications, of course, in the first place, you have to choose the good and reliable application, otherwise you will lose your money.

Personally, I haven't tried the copy trading app, but I did try the copy trading option that is included as a feature on some CEXs, but unfortunately the results were not satisfactory enough.

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I haven't tried trading using octafx copy trading but I have tried copy trading on KuCoin. But the results are not as good as expected because the market changes and the people who copy the trades are not as good as the reviews I read. And I had a loss but it wasn't much because I just did a test out of curiosity Grin

But as other friends have said, octafx is forex trading, which is different from the crypto trading we do. But I do not recommend copy trading to beginners new to trading because they must find information about the trader and learn about other trades.

If you want to use the copy trading feature, you have to know the trader, read his reviews to see if he really has good trading skills or not and so on.

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Quote from: Obari on August 05, 2023, 11:35:30 PM

What do you guys think about copy trading?
Let's discuss please

Octafx is a broker for forex trading and as far as I know it is quite trusted, because I see quite a lot of forex traders in my community using this broker, if you are afraid of being scammed then why not search about the exchange first, because if the exchange is trusted then copy the trades they have that are just as reliable.
You have to understand that copy trade will not increase your chances of winning, it's just a way to make it easier for you to trade because you don't need to do any analysis other than following the leads you choose, but of course, you can't be sure of profit because it's impossible for a trader to always make a profit, and my experience with copy trading did not go well as the results were no better than trading on my own.

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Copy trading means relying entirely on technology. Copy trading is usually done in bot systems if I'm not mistaken. Depending on the technology in this trading system you have to risk money in this case this technology will work in a certain system where losses are more than profit so I will always try to avoid this technology. It will be good for our money and trading if we learn about trading ourselves by relying on copy trading. It will never be good for us if we take short cut to get profit from trading. The road to success is always difficult, so to become a successful trader by trading, we must acquire adequate knowledge about trading.

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Quote from: Obari on August 05, 2023, 11:35:30 PM

What do you guys think about copy trading?

Your answer is in the second comment.

Quote from: Obari on August 05, 2023, 11:35:30 PM

Let's discuss please

I think platform is not a problem if you want to trade, you just have to make sure that you are taking the right decisions, because many times it is humanly difficult to manage the trades, and make the right decisions. Many people make mistakes. If you can make sound decisions and use them well then you can hopefully do well in trading, then the platform will not be a hindrance to you.

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Before I had a hectic schedule and of course I still want to earn through trading before I'm using the Etoro one of the known copy trade and I have a deposited balance of 500$ and up in case and seek for the normal trade not like a high baller traders and leave to the person I make copy trade those traders have their profile too that you can check their winrate and not all the time is a green day. I made profit that time but the problem is I let other people to make a trade for me which it becomes hard for me to decide that someday they might throw their trade so I decided to learn more in a day trade so I can monitor easily.

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Quote from: GreatArkansas on August 10, 2023, 04:56:56 AM

Quote from: Obari on August 05, 2023, 11:35:30 PM

(....)
What do you guys think about copy trading?
Let's discuss please

For me, my own opinion is, the first I noticed is the risk is not worth if. Because if you have a profitable trader from your master trader, the profit you will get is somehow few because of their charge, some are 10%-15%.
But there's a loose trade, you will lose huge.

We all know, not all trades will go well, so I think choosing a master trader that has a good risk: reward ratio or good and always look for long term here.

^ A trader who prioritizes risk management and aims for a favorable risk-to-reward ratio is likely to have a more sustainable in trading and I agree that this can be especially beneficial for long-term success, as you have said. By choosing traders who emphasize these principles, you are more likely to have a good strategy that aims for consistent growth while minimizing the impact of potential losses.
In OP's question, I never tried using apps even in trading because I know they are not safe, web browsing is quite safe than them.

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Quote from: crwth on August 06, 2023, 12:08:41 AM

If you are worried about getting scammed, why did you still install it? Installing and still worrying about getting scammed would likely get you hacked/scammed in the first place if it's fake. You can be infected by doing that.

Don't think about it too much. If you believe that you can earn at it, do it. Just make sure you are risking a capital that you can risk.

Copy trading is the easy route. I would prefer to study on my own and make my own decisions.

Lol that's why he asked. Sure, actual trading from your own analysis would be great. But not all people can make their own analysis and take risk from it. Though they can see the opportunity in trading they simply don't want to submit to the stresses of trading. That is why copy trading is completely okay. It's not simply the easy route, it's just the route that works for other people and there's nothing wrong with that.

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Quote from: Obari on August 05, 2023, 11:35:30 PM

Just as my topic reads, I'm interested to know if anyone has ever used copy trading apps and what's your experience?
I've always known of octafx copy trading app but never never used it because I've tried downloading it but got other similar apps from playstore and didn't know which was real,
I finally installed one that seemed real and I think I love the simplicity but haven't tried it out yet because I didn't want to be scammed of any cent 😅 but I think judging from what I saw on the app, this is one cool place one can make profits without getting to stress their brain but rather pick a trader based on their performance and your preferences and you're good to go.

What do you guys think about copy trading?
Let's discuss please

I have never used OctaFX despite that it’s being advertised on Youtube frequently.

The only ones that I have used in copy trading are BitYard and Prime XBT. I also have eToro before that, but I have never deposited any amount there to be honest.

In my experience, the profit isn’t that much though from the traders that I have copied whether declaring long or short. Despite that it’s hands-off, the decision is not in our hands and we do not have the control over it.

Much better to learn how to read the charts, candlesticks, patterns, etc., when doing spot trading. It’s less riskier than copy, margin and futures.

GreatArkansas

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Quote from: Obari on August 05, 2023, 11:35:30 PM

(....)
What do you guys think about copy trading?
Let's discuss please

For me, my own opinion is, the first I noticed is the risk is not worth if. Because if you have a profitable trader from your master trader, the profit you will get is somehow few because of their charge, some are 10%-15%.
But there's a loose trade, you will lose huge.

We all know, not all trades will go well, so I think choosing a master trader that has a good risk: reward ratio or good and always look for long term here.

Obari

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Quote from: GhulamOctaFX on August 09, 2023, 09:16:54 PM

Kind regards,
OctaFX Rep.

You guys have been in the forum since April and my post has been the only post that has prompted your response and thats amazing 👏
I'm not sure most people know of this feature of copy trading and you guys still have a lot of work as regards to publicity especially in the forum and though I've seen some affiliate marketing by some influencers in my country, but that's mostly for the octafx app and not the copy trading feature but whatever the case might be, I think running some form of campaign to create awareness about the copy trading feature of your app will do alot of good both to your firm as well as traders.

You can rent my signature space if you find my idea attractive or slide in my pm so we can talk and discuss more better about it.

Topic: Have you ever used copy trading apps - page 2. (Read 464 times)