Look no matter how successful someone is but I would always feel upset if I am doing copy trading because that means I have given the control over to someone else and he/she is taking trading decisions for me. This is almost as similar to investing under a successful trader and while it is not a bad idea financially but ultimately you get to learn nothing since you are just copying someone else and his trades. You might do that, but I would always suggest believing in your own ability and making independent trades. just imagine if Buffet was copying trades he would never become what he is today and everyone has their own potential, why limit yourself to the boundary set by someone else.
On a positive side though, copy trading is a good idea financially because there are people who look for people who can trade for them and this is exactly the concept of copy trading.
Topic: How copy trading can prevent you from becoming a statistic. (Read 303 times)
Newbies gamble, but they'll learn the hard way like ME. Haha!
Plus I believe it's part of "The evolution of a Bitcoiner". They come to "get rich quick", then learn more about the basics of the protocol, learn different concepts/theories/debates, THEN stay for the revolution.
Plus I believe it's part of "The evolution of a Bitcoiner". They come to "get rich quick", then learn more about the basics of the protocol, learn different concepts/theories/debates, THEN stay for the revolution.
Haha, I haven't learnt my lesson in all my time gambling. Every time I think "Ooo, I've gotten smarter and more disciplined about this thing, good for me!" I go and do something random and stupid and blow something on a session. But hey, we gotta pay for fun!
P.S. I actually came to Bitcoin because I had nothing to do for weeks in bed. And then actually used it when I wondered if it could help solve a really frustrating money problem (it did!). Now I did get into an ICO or two with the "get rich quick" hope in 2017. Sue me, I'm a gambler =D
Copy traring that is now provided by many forex brokers where investors can select a trader by checking his past performance and all other details but there is no guarantee how he will perform in future, still i think it is a good feature and crypto trading platforms should also introduce such service.
I think doing this will be having a good result in the future.
As said by @so98nn, they are making those signals that could give a good increase in where they invested as people follow them more, the better for their investments to give profit. As long as he knows what he is doing, I think those profit will keep on flooding them the same as other people also with the commission but still, we never know right?
Copy traring that is now provided by many forex brokers where investors can select a trader by checking his past performance and all other details but there is no guarantee how he will perform in future, still i think it is a good feature and crypto trading platforms should also introduce such service.
Trading is always a challenge, and it is more of a challenge for newbies, many of whom make mostly losses to start with, often causing them to stop trading altogether. But how do you prevent this from happening to you? Well, this article has the answer.
Here is what the top eToro traders Are making, and how you can make that too: https://itsblockchain.com/etoro-traders/
Here is what the top eToro traders Are making, and how you can make that too: https://itsblockchain.com/etoro-traders/
Copy trading is NOT a get-rich-quick scheme.Copy trading doesn't mean easy money or guaranteed profits.
Even if you are copy trading,the risk of losing your capital still remains.Don't trust any trading gurus,even the most successful traders on eToro are losing money sometimes.I won't click on that link because I don't trust this website.
By the way,I remember that eToro has an affiliate program,so I'm pretty sure that this article is pitching their service to potential customers,who will click some affiliate link inside the article,signup and deposit funds,so the author of the article will get a commission.
Here's what happens if you copy eToro's latest product: the TIE Sentiment AI portfolio whatever it's called.
-35% losses in 2019, and so far +40% in 2020.
But guess what, anyone holding Bitcoin and dollar cost averaging would have made much more than that.
And look at the peaks and dips, it follows the markets exactly. Why waste money on tools, why waste time to copy traders who will of course make money in rallies?
-35% losses in 2019, and so far +40% in 2020.
But guess what, anyone holding Bitcoin and dollar cost averaging would have made much more than that.
And look at the peaks and dips, it follows the markets exactly. Why waste money on tools, why waste time to copy traders who will of course make money in rallies?
Newbies gamble, but they'll learn the hard way like ME. Haha!
Plus I believe it's part of "The evolution of a Bitcoiner". They come to "get rich quick", then learn more about the basics of the protocol, learn different concepts/theories/debates, THEN stay for the revolution.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Let people select what they want, whether to copy trading or day trading or whatever they want. But we need to suggest them to learn each of trading style so they don't blame one system trading that cannot work for them. We can suggest them to use this A style or trading type, but if they don't learn anything, they cannot make a profit, and the worst is they can blame us because they are telling that the trading type is not working for them. I always suggest to my friends about learn, learn, learn of what they want, and don't follow all of my suggestion without search for more information because they need to have responsibility for their money.
^ I will not condemn those people who believe in copy trading for it may cause them profit. I will never promote them as well for copy trading can only give a sure profit to the cryptocurrency exchange company like etoro. If a newbie would really like to grow un this business then he might as well do research and learn the basic guidelines in trading. Nevertheless, the risk is always there in trading newbies should always be ready to face the possibility of winning and losing in this industry they don't need to copy trade for a sure win because no one can guarantee the winning to anyone besides experience is still the best teacher that can make anyone a pro trader.
I have not read the article, but whoever fears risks and losses you will not make profits, the correct thing is to learn how to manage risks or transfer concerns to profits.
Even if you use eToro, you will not guarantee that you will not lose 100%. Otherwise, everyone would put their money in it and become rich.
The people mentioned in the article seem more fraudulent than real investors.
Even if you use eToro, you will not guarantee that you will not lose 100%. Otherwise, everyone would put their money in it and become rich.
The people mentioned in the article seem more fraudulent than real investors.
Unlike @hugeblack, I've skimmed through the article and I must say that what it's been stated above is actually reflected in the article. Particularly, how all the people on there endorses eToror and tell their somewhat 'ridiculous' stories of the huge profits they've made. One thing is for sure though that if eToro was the best then everyone would use it but the most likely thing is that it works for a minority - choose & pick- kind of thing.
Here's what happens if you copy eToro's latest product: the TIE Sentiment AI portfolio whatever it's called.
-35% losses in 2019, and so far +40% in 2020.
But guess what, anyone holding Bitcoin and dollar cost averaging would have made much more than that.
And look at the peaks and dips, it follows the markets exactly. Why waste money on tools, why waste time to copy traders who will of course make money in rallies?
-35% losses in 2019, and so far +40% in 2020.
But guess what, anyone holding Bitcoin and dollar cost averaging would have made much more than that.
And look at the peaks and dips, it follows the markets exactly. Why waste money on tools, why waste time to copy traders who will of course make money in rallies?
It will be curious to see versus on eToro where only two traders are left and others are backed by "follow trader investors". That advice to follow trader because it's hard, for me sounds like to hire baker to bake instead of you because it's "hard nowadays". So there is no logic here in eToro's words, of course it's their marketing campaign and their website is based on that strategy to collect people who will follow some traders and that campaign works because something that sounds nice somehow pours spell on people.
This is the scenario I would like to see too. And when we see all the traders together, even expert and so on,,, we shall realize that actually even the best will fail sometimes and in general everyone loses except eToro;) Do not get tricked people!
I have not read the article, but whoever fears risks and losses you will not make profits, the correct thing is to learn how to manage risks or transfer concerns to profits.
Even if you use eToro, you will not guarantee that you will not lose 100%. Otherwise, everyone would put their money in it and become rich.
The people mentioned in the article seem more fraudulent than real investors.
Even if you use eToro, you will not guarantee that you will not lose 100%. Otherwise, everyone would put their money in it and become rich.
The people mentioned in the article seem more fraudulent than real investors.
Or simply, find a job, a second job, any job, AND buy the dip and HODL. Making money requires, or SHOULD require hard work. Copy trading encourages laziness, uncreativeness, and it does NOT make you rich. It merely increases the trading fees that eToro charges you.
However, your second thought is right, they should jump in the fire and struggle to live. If they keep doing that then they will never understand how the market works in reality. They would never be independent in the future and could risk fatal loss in times if copying also gets scammed.
I know right?
It is easy to follow these investors but it is a bit of unfair since they lead people and getting commissions out of their profits while they just follow them. I think it would be great if they can do that too. It is like having a car and you have a driver but for a long time you have that car, you still can't drive and still depend on that driver. It is good since you have a driver but isn't that pathetic, right?
I think this is good for those beginners.
But I don't think people should just be depending on this to get rich or have a profit at all. What if these investors realized that people are just following them with every one of their investments? Either way, I think people should really learn to invest in their own, it is also better for investors to learn how to lose since that is also something that investors will learn from.
But I don't think people should just be depending on this to get rich or have a profit at all. What if these investors realized that people are just following them with every one of their investments? Either way, I think people should really learn to invest in their own, it is also better for investors to learn how to lose since that is also something that investors will learn from.
But why would those professionals will stop them using the copying method since they are also getting comission from the etoro itself for doing the job. On a contrary, it also gives more confidence on the trade because ideally they are pumping the signal that they want by making others copy them.
However, your second thought is right, they should jump in the fire and struggle to live. If they keep doing that then they will never understand how the market works in reality. They would never be independent in the future and could risk fatal loss in times if copying also gets scammed.
I think this is good for those beginners.
But I don't think people should just be depending on this to get rich or have a profit at all. What if these investors realized that people are just following them with every one of their investments? Either way, I think people should really learn to invest in their own, it is also better for investors to learn how to lose since that is also something that investors will learn from.
But I don't think people should just be depending on this to get rich or have a profit at all. What if these investors realized that people are just following them with every one of their investments? Either way, I think people should really learn to invest in their own, it is also better for investors to learn how to lose since that is also something that investors will learn from.
Losses aren't something new in a trading mate. Hell, if you were someone who started trading a long time ago and hadn't had any type of losses ever, I'd follow you and preach the word of Time Travel being real. Copy trading is nice and all but tbh it's more like a temporary learning material for me which I can do without. It entirely depends on how you want to earn experience after all, since copy trading lets you see why did the trader do such a thing and how did he know and stuff like that. Kind of like backtracking? Where you see the result and move backward from there to determine the decision that led him to make that certain decision.
In my opinion if you are new to trading then try to learn the concept first. There are so many books availbe online from where you can learn the concept of Day trading.
Trading does require skills you cannot blindly follow anyone without knowing what he or she is trying to achieve. Another important factor of trading is that you have to be prepared to accept loss. It is practically impossible to earn profit every day.
Those who trade are always learning and improvising their skills, this is only possible when you are practicing trading on a real exchange. Therefore always be prepared to take risky.
Trading does require skills you cannot blindly follow anyone without knowing what he or she is trying to achieve. Another important factor of trading is that you have to be prepared to accept loss. It is practically impossible to earn profit every day.
Those who trade are always learning and improvising their skills, this is only possible when you are practicing trading on a real exchange. Therefore always be prepared to take risky.
Copy trading is no longer a new thing, it's been a long time that eToro introduced copy trading and I have known about it since then, although I never used their platform, I still see some of their adverts from the beginning. Back then I was making use of other trading platforms, and IqOption was one of them.
From my understanding, some traders on eToro don't have to do any technical analysis work, all they do is pick an expert to follow and then place trades once the expert does and they also get to make profit when that trader makes a profit, same thing with loss I guess.
I have not seen any cryptocurrency exchange that is making use of that feature yet.
From my understanding, some traders on eToro don't have to do any technical analysis work, all they do is pick an expert to follow and then place trades once the expert does and they also get to make profit when that trader makes a profit, same thing with loss I guess.
I have not seen any cryptocurrency exchange that is making use of that feature yet.
I have not read the article, but whoever fears risks and losses you will not make profits, the correct thing is to learn how to manage risks or transfer concerns to profits.
Even if you use eToro, you will not guarantee that you will not lose 100%. Otherwise, everyone would put their money in it and become rich.
The people mentioned in the article seem more fraudulent than real investors.
Even if you use eToro, you will not guarantee that you will not lose 100%. Otherwise, everyone would put their money in it and become rich.
The people mentioned in the article seem more fraudulent than real investors.
You are definitely right because no matter what platform youve been using if you dont know on what you are doing then you'll surely lost up money no matter what.
These kind of lines are pretty common when you are just trying to shill out neither your own site for traffic,affiliation, marketing stuff etc.
Copy trading isnt even suggested yet i would rather choose to lose up my money with my own hands rather than relying others trades.
Learning for yourself would be a better choice yet you can trade on your own later on.
It will be curious to see versus on eToro where only two traders are left and others are backed by "follow trader investors". That advice to follow trader because it's hard, for me sounds like to hire baker to bake instead of you because it's "hard nowadays". So there is no logic here in eToro's words, of course it's their marketing campaign and their website is based on that strategy to collect people who will follow some traders and that campaign works because something that sounds nice somehow pours spell on people.
Jump to: