Is copy trading a legit way of income for beginners or just a marketing tactic?

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Quote from: tygeade on September 01, 2023, 02:01:02 PM

Quote from: KingsDen on August 29, 2023, 05:58:28 AM

There is no doubt that they are supposed to learn first before looking for a simple way to earn. If newbies start making making money from copy trading, it is not a bad thing. It will only be bad if they refuse to learn how to trade themselves and relying very much on signals. If they don't have idea of the chart they will copy wrong signals and make losses but with trading idea they can do better with the copy trading. I am not against any smart way to make money, it must not only be your pattern, you can borrow.

I would say that it is not just about trading with someone else's idea, I think it is also important to learn what they are doing as well. If you are doing copy trading but not learning why you are buying something that means you are going to end up with a bad result and you should be avoiding that if you can.

There are situations where it is not going to end up with a good result at all, you should be a lot more careful about it whenever you can. I think it is important to make sure that you are profiting as much as you possibly could and that will definitely make sure that you are going to end up with a great profit when the time comes, it should be a lot simpler that way and could mean that you learn from it and not just used it.

Doing something without knowing why you are doing it is always a bad idea, and that is exactly what copy trading is about, newbies want to believe they can still make money without knowing anything about this market and that is simply a dream.

The ones that do best on the market are the ones that know the most about it, and they are never going to allow anyone else to copy them, and if they found out the trading platform they were using were allowing others to copy them you can be sure they will leave the platform as soon as they find out.

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Quote from: KingsDen on August 29, 2023, 05:58:28 AM

There is no doubt that they are supposed to learn first before looking for a simple way to earn. If newbies start making making money from copy trading, it is not a bad thing. It will only be bad if they refuse to learn how to trade themselves and relying very much on signals. If they don't have idea of the chart they will copy wrong signals and make losses but with trading idea they can do better with the copy trading. I am not against any smart way to make money, it must not only be your pattern, you can borrow.

I would say that it is not just about trading with someone else's idea, I think it is also important to learn what they are doing as well. If you are doing copy trading but not learning why you are buying something that means you are going to end up with a bad result and you should be avoiding that if you can.

There are situations where it is not going to end up with a good result at all, you should be a lot more careful about it whenever you can. I think it is important to make sure that you are profiting as much as you possibly could and that will definitely make sure that you are going to end up with a great profit when the time comes, it should be a lot simpler that way and could mean that you learn from it and not just used it.

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Quote from: gunhell16 on August 30, 2023, 12:14:57 AM

Quote from: xSkylarx on August 29, 2023, 09:05:40 PM

I don't have experience in copy trading, but I do say that it is just traders playground, as they are earning big on that because they always get a cut when a trader copies, which we know copy trading is full of, and I've also seen that if you don't have huge capital on it, you can't feel the profit. Though I don't see it as a marketing tactic, I've seen it in those traders who joined to earn more.

You are right there; the copied trader who set up on a copy trading platform has a cut. Then one more thing: this copy trading is for people who are too lazy to learn crypto or who don't have time to learn crypto trading because they are busy with their jobs or businesses, whatever. As I can imagine, there may be profit to be made there, but don't expect much.

DYOR (do your own research) is still needed. It is said that if we want to learn to drive a car, we must learn the basic things about the car we will drive, and after getting a license to prove that we know something about being a driver, the same is true, of course, in conducting trading in this field. .

Unfortunately you are right. It is true that too many people end up not doing the right way and they end up losing money because of it. People should realize that they can't really make it work one way or another, it should not really be a big deal like that. I think it's important to learn how to trade yourself, if people keep on trusting others for their income the result will not be easy and they are going to be pretty upset about it as well.

If you do your own learning and start your own trading then you are going to make even more profit. If you keep copying someone, there is a potential that they are going to leave one day and you are going to be searching for someone else, or they could make a loss and you wouldn't know why.

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Quote from: Bushdark on August 30, 2023, 03:33:12 PM

Quote from: KingsDen on August 29, 2023, 05:58:28 AM

Quote from: AmoreJaz on August 27, 2023, 04:01:17 PM

Quote from: Distinctin on August 27, 2023, 03:59:05 PM

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders

if they will opt to this route, they are subjecting themselves to a potential loss without a battle. because these traders are also human and they are prone to mistakes as well. better learn on your own as you will earn a lot of tips along the way.
but there's nothing wrong to try your hands on copy trading, so long you know about your expectations here. it is no guarantee that you will always earn profits from this route.

There is no doubt that they are supposed to learn first before looking for a simple way to earn. If newbies start making making money from copy trading, it is not a bad thing. It will only be bad if they refuse to learn how to trade themselves and relying very much on signals. If they don't have idea of the chart they will copy wrong signals and make losses but with trading idea they can do better with the copy trading. I am not against any smart way to make money, it must not only be your pattern, you can borrow.

Copy trading has it own risk but some persons may not understand why it is risky for we to be coping another persons trades when we know that no one is better than the market self. We need to learn first before we go into trading or else we are going to be moving from one signal to the other or from one copy trading exchange to another. It is much better we acquire the skill that will make us trade in the market without any problem than looking for a cheaper ways for us to earn from the market when we are not ready to do the right thing that will propel us to make some certain achievement from the market.

You would really be able to realize things along the way on which it is really that something that you would really be that able to experience on whats the reality of trading and this is something that cant really be

that avoided that self realizations and awareness on how this market works would really be opening your eyes on how things should be dealt with. On the time that you do see yourself on a condition on which
you had been fucked up with those traders that you had followed or making yourself in a position on which you are really that negative then you would really be definitely be finding yourself on a tight spot
and made out some on point realization and learning that you must need to know at least on learning trading even with the basics.

You cant really be able to follow forever and if you do really have those plans on making yourself that better then it would really be just that wise to learn and trade on your own or
simply going that on manual trades.

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Quote from: KingsDen on August 29, 2023, 05:58:28 AM

Quote from: AmoreJaz on August 27, 2023, 04:01:17 PM

Quote from: Distinctin on August 27, 2023, 03:59:05 PM

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders

if they will opt to this route, they are subjecting themselves to a potential loss without a battle. because these traders are also human and they are prone to mistakes as well. better learn on your own as you will earn a lot of tips along the way.
but there's nothing wrong to try your hands on copy trading, so long you know about your expectations here. it is no guarantee that you will always earn profits from this route.

There is no doubt that they are supposed to learn first before looking for a simple way to earn. If newbies start making making money from copy trading, it is not a bad thing. It will only be bad if they refuse to learn how to trade themselves and relying very much on signals. If they don't have idea of the chart they will copy wrong signals and make losses but with trading idea they can do better with the copy trading. I am not against any smart way to make money, it must not only be your pattern, you can borrow.

Copy trading has it own risk but some persons may not understand why it is risky for we to be coping another persons trades when we know that no one is better than the market self. We need to learn first before we go into trading or else we are going to be moving from one signal to the other or from one copy trading exchange to another. It is much better we acquire the skill that will make us trade in the market without any problem than looking for a cheaper ways for us to earn from the market when we are not ready to do the right thing that will propel us to make some certain achievement from the market.

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Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

Finally, you need to remember that copy trading is still an investment, and there is always the risk of losing money. Even if you're copying a successful trader, there's no guarantee that they will continue to be successful in the future.

I like you adding this as a spice Grin

copy trading doesn't give you a probability of 5/5 chance you might e even be the fifth person if its person -person now imagine it's being edited for loss and you know little or nothing about trading you are gone Grin

. Learn upto some extent before even trying a copy trading that is my advice for anyone trying to copy trade . If you are asking for definition of the EXTENT then I'm simply implying to the point of tou reading trade you want to copy like reading a notebook easily Cool

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Quote from: xSkylarx on August 29, 2023, 09:05:40 PM

I don't have experience in copy trading, but I do say that it is just traders playground, as they are earning big on that because they always get a cut when a trader copies, which we know copy trading is full of, and I've also seen that if you don't have huge capital on it, you can't feel the profit. Though I don't see it as a marketing tactic, I've seen it in those traders who joined to earn more.

You are right there; the copied trader who set up on a copy trading platform has a cut. Then one more thing: this copy trading is for people who are too lazy to learn crypto or who don't have time to learn crypto trading because they are busy with their jobs or businesses, whatever. As I can imagine, there may be profit to be made there, but don't expect much.

DYOR (do your own research) is still needed. It is said that if we want to learn to drive a car, we must learn the basic things about the car we will drive, and after getting a license to prove that we know something about being a driver, the same is true, of course, in conducting trading in this field. .

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I don't have experience in copy trading, but I do say that it is just traders playground, as they are earning big on that because they always get a cut when a trader copies, which we know copy trading is full of, and I've also seen that if you don't have huge capital on it, you can't feel the profit. Though I don't see it as a marketing tactic, I've seen it in those traders who joined to earn more.

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Quote from: KingsDen on August 29, 2023, 05:58:28 AM

Quote from: AmoreJaz on August 27, 2023, 04:01:17 PM

Quote from: Distinctin on August 27, 2023, 03:59:05 PM

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders

if they will opt to this route, they are subjecting themselves to a potential loss without a battle. because these traders are also human and they are prone to mistakes as well. better learn on your own as you will earn a lot of tips along the way.
but there's nothing wrong to try your hands on copy trading, so long you know about your expectations here. it is no guarantee that you will always earn profits from this route.

There is no doubt that they are supposed to learn first before looking for a simple way to earn. If newbies start making making money from copy trading, it is not a bad thing. It will only be bad if they refuse to learn how to trade themselves and relying very much on signals. If they don't have idea of the chart they will copy wrong signals and make losses but with trading idea they can do better with the copy trading. I am not against any smart way to make money, it must not only be your pattern, you can borrow.

Doesnt matter if they wont learn as long they do make money then this what matter the most and this is something that most people would really be that doing and wont mind if they wont learn a thing in trading.

Sooner or later when things comes messy or on the time that there's no copy trading or the ones they've been following do make out some shit trades. Then for sure they would really be changing up those kind of
impressions on which they might be thinking that it would really be just better if they would really be learning trading on their own but they have already wasted too much time and chances but well
there's no such thing about being late as long you do make out those realizations then learning something new and starting it up with that journey is never been wrong.

Most of the times which mistakes are the learning stepping stones for us to be better. We do have those common newbie impressions which are wrong but later on when reality had slapped
into your face then you would really be making out those realizations and would really be going on the right path.

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Quote from: AmoreJaz on August 27, 2023, 04:01:17 PM

Quote from: Distinctin on August 27, 2023, 03:59:05 PM

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders

if they will opt to this route, they are subjecting themselves to a potential loss without a battle. because these traders are also human and they are prone to mistakes as well. better learn on your own as you will earn a lot of tips along the way.
but there's nothing wrong to try your hands on copy trading, so long you know about your expectations here. it is no guarantee that you will always earn profits from this route.

There is no doubt that they are supposed to learn first before looking for a simple way to earn. If newbies start making making money from copy trading, it is not a bad thing. It will only be bad if they refuse to learn how to trade themselves and relying very much on signals. If they don't have idea of the chart they will copy wrong signals and make losses but with trading idea they can do better with the copy trading. I am not against any smart way to make money, it must not only be your pattern, you can borrow.

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At first, I was a bit negative about copy trading, but later on, from what I can see, it seems that it can somehow generate income—not much, but at least there is some income coming in. So it just depends on the traders you choose to copy. Because I saw a trader to copy who performed well for a week.

Which just means that the set-up trading done by the trader is good, but the only risk I see is that if you copy the wrong trading, you will lose for sure. This is based on my observation that I saw on a platform that has copy trading, which is the Fairdesk platform that they are using, and so far, Fairdesk is fine and good in my view for now, apart from no KYC.

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Quote from: Distinctin on August 27, 2023, 03:59:05 PM

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders is once they come to understand and value their trades, and that will only be possible if they have gained enough knowledge and skills through the experience of other traders, and through their future trading experiences.

that's exactly what's happening right now. beginners who come interested in trades that will give quick profits. because they do not have enough skills, most will follow the signal channel and follow the advice to do copy trading.
they do not need to do any research regarding the trade they are about to enter. because they don't have the skills, beginners will have more confidence in what they are following.
We can't force beginners to learn trading, but hopefully, those trying to join a trading group will learn something for their own development.

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Quote from: AmoreJaz on August 27, 2023, 04:01:17 PM

Quote from: Distinctin on August 27, 2023, 03:59:05 PM

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders

if they will opt to this route, they are subjecting themselves to a potential loss without a battle. because these traders are also human and they are prone to mistakes as well. better learn on your own as you will earn a lot of tips along the way.
but there's nothing wrong to try your hands on copy trading, so long you know about your expectations here. it is no guarantee that you will always earn profits from this route.

The people choosing this route are obviously delusional as what they want is to obtain profits from a market of which they know nothing and yet they expect everything handed to them, in short they are entitled, and such a person rarely gets any success in an activity in which the only thing that matters is your skill.

And once they inevitably fail they will learn nothing, except to stay away from copy trading, something they should have known anyway if they took a few minutes to think about the nature of this market and what is needed out of them in order to reach some level of success.

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Quote from: Distinctin on August 27, 2023, 03:59:05 PM

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders is once they come to understand and value their trades, and that will only be possible if they have gained enough knowledge and skills through the experience of other traders, and through their future trading experiences.

Yes, I like the way you channelled it, or the way you understand it, if beginners copied a trade they will not utililize it because they lacks experience whereas if an experienced traders copied a trade they will study it and at last they will know what to do with it, so I believe that it will know what to do with the trade they copied, not everyone who copied trade are successful and the summary end on experience because you most have an idea of something before making use of it.

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Quote from: Distinctin on August 27, 2023, 03:59:05 PM

It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders

if they will opt to this route, they are subjecting themselves to a potential loss without a battle. because these traders are also human and they are prone to mistakes as well. better learn on your own as you will earn a lot of tips along the way.
but there's nothing wrong to try your hands on copy trading, so long you know about your expectations here. it is no guarantee that you will always earn profits from this route.

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It’s legit if you are copying trades from professional and profitable traders. But I believe beginners are not supposed to trade, nor copy some trading signals, because they don’t have the sufficient knowledge and skills that are required for a successful trading. It only seems that they trade to make quick profits, and I don’t think it will happen because of greed. The only way they’ll be successful traders is once they come to understand and value their trades, and that will only be possible if they have gained enough knowledge and skills through the experience of other traders, and through their future trading experiences.

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Quote from: Peanutswar on August 22, 2023, 08:06:31 AM

Theres are a lot of platforms offering a copy trading, one of the major benefits of it is the less hassle for the traders to make a position and let other people make a trade to them so they don't need to wait for most of the time commit a trade they just need to wait for the outcome, they are offering of course the win rate and list of active traders so the copy-traders can copy those trades of high win rates but of course if the trader makes a position you will set a position too it depends if you have still the balance to continue the trade not as always the traders win their position, the question here now is are you willing to risk other people make a trade to you or base on your knowledge still.

It is true that you are trusting someone else, and that is not really normal when it is something you could also do. I am not saying that it is a bad idea, all I am saying is that we shouldn't really trusting someone else to make these decisions for us when we can do it ourselves. I think it is quite important to just make it work, and as long as we could make it work, it should be fine.

I get that it is tough to start when you are a newbie, but as long as you do the right thing, you should be making a good profit one way or another, and you need that. I get that you are not going to make profit right away neither, and you will wish that you copied someone else who did profit, and those are all natural feelings, but you will get better with time.

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Quote from: Peanutswar on August 22, 2023, 08:06:31 AM

Theres are a lot of platforms offering a copy trading, one of the major benefits of it is the less hassle for the traders to make a position and let other people make a trade to them so they don't need to wait for most of the time commit a trade they just need to wait for the outcome, they are offering of course the win rate and list of active traders so the copy-traders can copy those trades of high win rates but of course if the trader makes a position you will set a position too it depends if you have still the balance to continue the trade not as always the traders win their position, the question here now is are you willing to risk other people make a trade to you or base on your knowledge still.

There is also a problem with this way of selecting traders, the win rate of a trader tells us nothing, as an example those offering strategies like martingale claim that anyone using it will win 99% of the time, and they are right, what they do not tell you is that once you lose you will lose everything.

And something similar happens with trading too, as a high win rate most of the time means taking a higher risk as well, and most of the time this will go against the wishes of those that wanted to copy other traders as they associate a high win rate with a high degree of certainty and stability.

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Theres are a lot of platforms offering a copy trading, one of the major benefits of it is the less hassle for the traders to make a position and let other people make a trade to them so they don't need to wait for most of the time commit a trade they just need to wait for the outcome, they are offering of course the win rate and list of active traders so the copy-traders can copy those trades of high win rates but of course if the trader makes a position you will set a position too it depends if you have still the balance to continue the trade not as always the traders win their position, the question here now is are you willing to risk other people make a trade to you or base on your knowledge still.

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Quote from: Kelvinid on August 17, 2023, 04:25:45 PM

Copy trading OP is really a good way for newbies to learn about trading but we couldn't say that newbies can earn money from that as it depends on where they get it. What I mean is that it depends on the source of information because many people had fallen into the wrong group pretending that they are good at this but yes, they're making nonsense. Although I don't discourage for newbies to do copy trading at least they know who the person that they are following or else, this will give them a nightmare and the wrong direction.

Some exchange platforms actually provide copy-trading opportunities for newbies, so it is not like they need to go around looking for good traders so that they can follow their trades. However, I would still not recommend a newbie to use copy-trading as a way to earn money without trying to learn everything themselves thinking that they are already making a profit and it is not necessary to learn anything about the market or trading activities anymore.

When you learn everything yourself and become able to make your trades manually yourself, you will be your own boss without having to rely on someone else's trades to make a profit, and you can always adjust your trading practices as per your own experience and knowledge to meet your goals.

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Quote from: Bitcoin_people on August 18, 2023, 11:18:12 PM

Quote from: Gallar on August 16, 2023, 10:50:22 PM

Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

~~

For trust issues, it all depends on the copy trading platform that will be used. Because if the copy trading platform is indeed trusted and has a very good reputation, in general a copy trading platform like that can be said to be trusted.

People trust and believe in all the copy trading that exists today. Most of the people now follow these platforms and start trading so that they don't face losses. But I think it can be a good sign for the purpose of profit but very bad if copy trading is basically facing loss. I think it's best to start trading later by using your own experience rather than copy trading. Because most of the times we have seen wrong advices from many platforms and people face lot of loss due to it so it is best to trade with your own knowledge. Since traders today believe in copy trading to make more money in a shorter period of time, it is difficult to say how certain it will be in the future.

Be it normal trading, be it day trading, be it copy trading or is it bot trading, there is a certain amount of losses and gains in the above types of trading. What differentiate it is the frequency of the losses and that of the profits. If someone is trading without any help and making good profits, it is better than someone who is using copy trading strategy and losing money.

It is not everyone that knows how to trade, that is why we have all these signal groups to help people. I will advise that if anyone should use signal group, at least they should know how the market is moving so that when things are going wrong, they will be able to decipher and make independent decisions.

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Quote from: AicecreaME on August 18, 2023, 07:29:04 AM

I don't think looking up to the trader's profile you want to copy is a "lot" research to do, that's why it's called copy trading. Also, there's nothing like "this is just for a newbie" and "this is just for the pro", anything that a certain individual wanted to try is okay, those experience traders that you're talking about was also newbies, you're never going to be a professional on trading or in any field if you're going to apply that kind of mindset of yours.

We gain experience by trying things out, not by avoiding it.

If we are talking about just checking one profile then maybe you will not consider that as researching. However, if you check 50 profiles, and check every bit of trades they did and check when they bought something and why they bought it there and what was the indicators looking when they made that deal, and do this for all the fifty profiles then suddenly you are checking top 50 best return people and how they trade.

Suddenly that becomes a huge research and you are going to end up picking one if you like it, or if not you could find the common ground on what they trade and why and how, then you could make it even yourself without actually copying them if you do not want to as well because you did an extensive research on them.

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Quote from: Gallar on August 16, 2023, 10:50:22 PM

Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

~~

For trust issues, it all depends on the copy trading platform that will be used. Because if the copy trading platform is indeed trusted and has a very good reputation, in general a copy trading platform like that can be said to be trusted.

People trust and believe in all the copy trading that exists today. Most of the people now follow these platforms and start trading so that they don't face losses. But I think it can be a good sign for the purpose of profit but very bad if copy trading is basically facing loss. I think it's best to start trading later by using your own experience rather than copy trading. Because most of the times we have seen wrong advices from many platforms and people face lot of loss due to it so it is best to trade with your own knowledge. Since traders today believe in copy trading to make more money in a shorter period of time, it is difficult to say how certain it will be in the future.

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Quote from: bitgolden on August 17, 2023, 08:30:01 AM

That's the way it should be going, if you end up trading yourself then you will know what went wrong and where it went wrong, if you keep doing copy trading you do not know what the person you copied did and why he did it and why it went wrong, and you will not be able to fix it in the future.

Learning how to trade is not good for just profits, it's good for the losses as well and the return will certainly be decent without a doubt. I think it's the most important part because we are talking about something that will benefit you when you lose, since you will be able to just put it all ahead of you and will make sure that you are doing the right thing. It's not simple, but you will be better because of each loss if you do that.

This isn't easy for the newbies and they end up making moves that would be mainly because others told them to do it. I understand that it's a mistake to follow orders from other people and that is why people should avoid it as much as they possibly can but that doesn't mean that they are going to be able to make their own trades as soon as they start.

So, this is why I think it should be important to have a little separation, which means that when you are buying something you could potentially buy something just because someone else said, but you should also be able to understand what went wrong when you bought something and it dropped in price, it will allow you to make a bigger and better trade in the future.

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Quote from: abel1337 on August 12, 2023, 04:15:21 PM

Quote from: AicecreaME on August 12, 2023, 07:46:12 AM

Copy trading is easy, less hassle, however, the challenge on it is to find the right trader that'll give you profits most of the time. The disadvantage is that his trading funds could be bigger than yours so there's a chance that your funds could be burnt in no time while his funds doesn't even budge. So in my opinion, doing copy trading has its own risk and the final decision is yours to make.

Even copy trading is much easier than regular trading, it still need something to do or maintain especially in the beginning. A lot of research need to be done on the trader you are copying and the strategy that the professional trader is doing because like you said you can be burned if you don't have that much funds. Basically, it's not something that a pure newbie who can successfully execute everytime. I think it's for someone that has an experience to fully take advantage of this service/system.

I disagree.

I don't think looking up to the trader's profile you want to copy is a "lot" research to do, that's why it's called copy trading. Also, there's nothing like "this is just for a newbie" and "this is just for the pro", anything that a certain individual wanted to try is okay, those experience traders that you're talking about was also newbies, you're never going to be a professional on trading or in any field if you're going to apply that kind of mindset of yours.

We gain experience by trying things out, not by avoiding it.

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Quote from: bitgolden on August 17, 2023, 08:30:01 AM

Quote from: justdimin on August 10, 2023, 04:11:42 AM

Quote from: mvdheuvel1983 on August 09, 2023, 07:51:15 AM

Copy trading isn't for beginners. Only mid level traders and professional or expert traders should copy trade. By the way, this.isnthe most laziest way to make money off of trading. Real and more experienced traders would never advice any beginner to copy trade because there is no skill acquired from copy trade. Beginners are called beginners for a reason. They have to start from the beginning and learn the basics of trading. Their priority at the beginning should never be to make money but to learn the steps that it entails.

I agree that you are going to be trading yourself instead of making the movement yourself and that's why there is going to be something that will make some changes for some people if they end up copy trading, it's better to make a change yourself and trade yourself if you can. However, I do not think that mid level and veteran traders will end up using copy trading, that doesn't really make any sense and I think that it will not be something that will benefit anyone at all.

I think it's obvious that we are going to end up with a situation that will be better. This is why it's easier to just focus on what you have and instead of copy trading as a veteran, let that be the what newbies do, newbies should copy the veterans instead.

That's the way it should be going, if you end up trading yourself then you will know what went wrong and where it went wrong, if you keep doing copy trading you do not know what the person you copied did and why he did it and why it went wrong, and you will not be able to fix it in the future.

Learning how to trade is not good for just profits, it's good for the losses as well and the return will certainly be decent without a doubt. I think it's the most important part because we are talking about something that will benefit you when you lose, since you will be able to just put it all ahead of you and will make sure that you are doing the right thing. It's not simple, but you will be better because of each loss if you do that.

On copy trading, you wont really be making yourself that progressive or something that would really be knowledgeable since you are heavily been relying on things which are automated or done by someone on which it is really just that sensible that you should be the one on making up that trade if you do really want to know about trading without relying on to those copy trades or something in automation.People who are really that
doesnt want to do hard work and would just be going easy go lucky kind of behavior would definitely be touching up that copy trade or would really be that going on relying with bots which is something that you would really be definitely do but for those people who are mindful on becoming that a good trader would surely be going against with this kind of idea on which it is really that something a very typical thing or decision would be made. Its just a marketing tactic for those who are really that making those kind of claims about having that sure income which it cant really be that true.

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Copy trading OP is really a good way for newbies to learn about trading but we couldn't say that newbies can earn money from that as it depends on where they get it. What I mean is that it depends on the source of information because many people had fallen into the wrong group pretending that they are good at this but yes, they're making nonsense. Although I don't discourage for newbies to do copy trading at least they know who the person that they are following or else, this will give them a nightmare and the wrong direction.

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Quote from: fullhdpixel on August 16, 2023, 01:19:02 PM

I think copy trading wouldn't make sense anymore if we are already good at investigating things. So, I believe that copy trading is mainly created for the newbies to help them earn immediately in the trading scene even with less knowledge on their head. The only thing that a newbie will take care of is the winning rate of the traders.

A high winning rate basically means they are more successful in their trades so they can just go for it. I still think that these newbies will soon try to trade on their own because they will get curious if how it's like earning a full income and also if they will get tired of losing money because the trader did not perform well or they picked up a scam platform.

Copy trading are created for newbies because newbies do not know anything bad or good about market even they don't know that here lots of scammers exists which only provides you new ways for getting money.

Older traders are not easily caught in such activities because they realized every situations and have information about every expert trader that who provide accurate information and who is a fake provider.

For newbies copy trading will matters a lot because what they learn at start they will follow that path always so try to initiate your path of success with good knowledge.

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Quote from: justdimin on August 10, 2023, 04:11:42 AM

Quote from: mvdheuvel1983 on August 09, 2023, 07:51:15 AM

Copy trading isn't for beginners. Only mid level traders and professional or expert traders should copy trade. By the way, this.isnthe most laziest way to make money off of trading. Real and more experienced traders would never advice any beginner to copy trade because there is no skill acquired from copy trade. Beginners are called beginners for a reason. They have to start from the beginning and learn the basics of trading. Their priority at the beginning should never be to make money but to learn the steps that it entails.

I agree that you are going to be trading yourself instead of making the movement yourself and that's why there is going to be something that will make some changes for some people if they end up copy trading, it's better to make a change yourself and trade yourself if you can. However, I do not think that mid level and veteran traders will end up using copy trading, that doesn't really make any sense and I think that it will not be something that will benefit anyone at all.

I think it's obvious that we are going to end up with a situation that will be better. This is why it's easier to just focus on what you have and instead of copy trading as a veteran, let that be the what newbies do, newbies should copy the veterans instead.

That's the way it should be going, if you end up trading yourself then you will know what went wrong and where it went wrong, if you keep doing copy trading you do not know what the person you copied did and why he did it and why it went wrong, and you will not be able to fix it in the future.

Learning how to trade is not good for just profits, it's good for the losses as well and the return will certainly be decent without a doubt. I think it's the most important part because we are talking about something that will benefit you when you lose, since you will be able to just put it all ahead of you and will make sure that you are doing the right thing. It's not simple, but you will be better because of each loss if you do that.

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Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

We can just skip market analysis, not put in any effort or time, and have someone else handle our trading. It sounds almost too good to be true, doesn't it? That's what copy trading offers us, but can we really trust it?

For trust issues, it all depends on the copy trading platform that will be used. Because if the copy trading platform is indeed trusted and has a very good reputation, in general a copy trading platform like that can be said to be trusted.

Quote

~Snip
So, is copy trading legitimate? Yes, it can be a legitimate way to invest if you do your research and select the right traders. However, it's important to remember that there is always the risk of losing money, even with copy trading.

Copy trading is indeed a legitimate platform, to be used as a way of trading, especially in the crypto field.

But to be honest, I prefer to trade independently rather than relying on a copy trading platform. Because even though I am not really an expert in trading in crypto, I have more confidence in myself, rather than having to rely on and trust other people to make the trades that I have. In addition, if for example I only depend on the copy trading platform, it is very likely that my trading skills will not improve properly. That's why I prefer to trade independently, because in terms of ability (fundamental, sentimental and technical analysis) it will definitely be better honed. Because apart from that, trading independently always has its own satisfaction. Whether it's a loss or a gain, but if it's the result of your own hard work, you'll be more satisfied.

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Quote from: WatChe on August 15, 2023, 11:23:29 PM

Quote from: MFahad on August 13, 2023, 04:24:24 AM

They did not get reliable experience because they follow everyone without make a correct investigation which is very important. In my opinion just learn and do by yourself as self decision are more better than following the decisions of others.

Crypto is that field in which scammers and wrong people enters very easily and no one can identify them. Large number of groups are created just for getting income from it by spreading that information which is useless.

Here one should take every step Wisely and try to inquire as it is about your financial system which does not stabilizes easily.

I never heard anyone getting continuous success by following copy trade or followijg signalling group. Its better to make decisions from your own mind in this way either you will get success or learn something which is not possible otherwise. The only person getting rich in copy trade or signalling group is the person selling the ideas. If there ideas are that much worthy they must not selling them for 20 to 30 bucks per week.

You have not heard about it because it can not happen, the owners of exchanges are very smart, they know they need people trading with them or they cannot make any money, so how they can convince someone that is afraid about losing their money to risk it all even if they do not know anything about the markets?

By making them believe they still have a chance to make money anyway, and copy trading is perfect for their purposes as they can claim a lot of money can be made in this way, hiding all along the ones that will make that money are the exchanges and not their customers.

fullhdpixel

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Quote from: MFahad on August 13, 2023, 04:24:24 AM

Quote from: freedomgo on August 09, 2023, 04:56:56 PM

Many times copy trading does not give reliable experience, because some of those who provide for this copy trading are actually not real and professional traders on their own. They just simply make this a source of living out from the payments they get from those who carelessly subscribe to them. So yes, it would be more acceptable if those who copy trade are just for fun, and definitely not to earn profits.

They did not get reliable experience because they follow everyone without make a correct investigation which is very important. In my opinion just learn and do by yourself as self decision are more better than following the decisions of others.

Crypto is that field in which scammers and wrong people enters very easily and no one can identify them. Large number of groups are created just for getting income from it by spreading that information which is useless.

Here one should take every step Wisely and try to inquire as it is about your financial system which does not stabilizes easily.

I think copy trading wouldn't make sense anymore if we are already good at investigating things. So, I believe that copy trading is mainly created for the newbies to help them earn immediately in the trading scene even with less knowledge on their head. The only thing that a newbie will take care of is the winning rate of the traders.

A high winning rate basically means they are more successful in their trades so they can just go for it. I still think that these newbies will soon try to trade on their own because they will get curious if how it's like earning a full income and also if they will get tired of losing money because the trader did not perform well or they picked up a scam platform.

WatChe

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Quote from: MFahad on August 13, 2023, 04:24:24 AM

They did not get reliable experience because they follow everyone without make a correct investigation which is very important. In my opinion just learn and do by yourself as self decision are more better than following the decisions of others.

Crypto is that field in which scammers and wrong people enters very easily and no one can identify them. Large number of groups are created just for getting income from it by spreading that information which is useless.

Here one should take every step Wisely and try to inquire as it is about your financial system which does not stabilizes easily.

I never heard anyone getting continuous success by following copy trade or followijg signalling group. Its better to make decisions from your own mind in this way either you will get success or learn something which is not possible otherwise. The only person getting rich in copy trade or signalling group is the person selling the ideas. If there ideas are that much worthy they must not selling them for 20 to 30 bucks per week.

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Quote from: Mahanton on August 15, 2023, 06:53:12 PM

Quote from: Latviand on August 15, 2023, 01:22:44 AM

~

You wont really be asking out the community whether its legit or shit which you could eventually be able to find for yourself on the answer that you are seeking. You could really be able to find if copy trading is really that profitable or not for someone to make deal with it.

That's where you're wrong, what's the point of using the forum if you can't ask people here about things, their experience and thoughts about things right? In the case of copytrading, wouldn't it be better if there's comforting words about the experience of other people about using it right? It's good to learn from experience but it's much better to learn from the experience of others right?

Quote from: Mahanton on August 15, 2023, 06:53:12 PM

Quote from: Latviand on August 15, 2023, 01:22:44 AM

~

Not all would really be that having this kind of option but cant really deny the fact that it is really that simple and not really for you to exert effort on which you could actually able to place out orders basing up with others calls. Its not bad but not something that could make yourself that able to learn or would be enhancing your trading skills specially if you are just starting up.

That depends though, you and others who don't prefer copytrading are leaning more into manual trading which I don't see as anything bad since we have our preferences, and I myself don't really want to learn the nooks and crannies of trading because I have other things going on with my life and if copytrading offers me that convenience, then why not right?

Quote from: Mahanton on August 15, 2023, 06:53:12 PM

Quote from: Latviand on August 15, 2023, 01:22:44 AM

~

We know that manual trading is much preferable on which you would be able to make yourself that enhancing your skills on trading and could really be able to make yourself that independent on the time that these
copy trades would be gone. Also, it doesnt assure out profits because not all the time these copy trade makers would be always that profitable specially if the market would be making out some significant movement.

Again with the preference, copytrading won't be gone soon imo, as long as people can make profit from it, there's one bound to exist out there, copytrading isn't a fad. I think people that use copytrading know that thing about not being guaranteed a profit, that's almost always what the argument is when people try to shit on copytrading.

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Quote from: Latviand on August 15, 2023, 01:22:44 AM

Quote from: AicecreaME on August 12, 2023, 07:46:12 AM

Copy trading is easy, less hassle, however, the challenge on it is to find the right trader that'll give you profits most of the time. The disadvantage is that his trading funds could be bigger than yours so there's a chance that your funds could be burnt in no time while his funds doesn't even budge. So in my opinion, doing copy trading has its own risk and the final decision is yours to make.

This, people always shit on copytrading whenever someone ask if it's worth it which is kind of stupid given that if you can ride with the best traders in the market and make profit when they make profit, I think that you should take it but as you've said, tread lightly and choose the right trader which isn't that hard to find as most sites that do copytrading have the stats of the traders so you can see who's going to make you more profit. People always disregard the benefits of more time spent on other things, I guess you want to control how iu make money is a strong reason why you want to sacrifice time and convenience.

You wont really be asking out the community whether its legit or shit which you could eventually be able to find for yourself on the answer that you are seeking. You could really be able to find if copy trading is really that profitable or not for someone to make deal with it. Not all would really be that having this kind of option but cant really deny the fact that it is really that simple and not really for you to exert effort on which you could actually able to place out orders basing up with others calls. Its not bad but not something that could make yourself that able to learn or would be enhancing your trading skills specially if you are just starting up.
We know that manual trading is much preferable on which you would be able to make yourself that enhancing your skills on trading and could really be able to make yourself that independent on the time that these
copy trades would be gone. Also, it doesnt assure out profits because not all the time these copy trade makers would be always that profitable specially if the market would be making out some significant movement.

Dr.Bitcoin_Strange

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If not that some exchanges have started to integrate "copyable trades" that their customers can copy right on the platform, which is still not a guaranteed way of making profit in trading. Some time around 2021 and 2022 even till now, there was a popular trend about some groups on Telegram, Facebook, Twitter, YouTube, and some other social media that offered traders some paid copied trade, and some newbies were really falling victims to those copied trade service groups, meaning they were not even earning any profit but rather enriching the service providers. A real trader learns how to do things themselves because it will earn them more experience and profit.

LogitechMouse

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Copy trading is legit, and many brokers, and exchanges are offering it. The first time that I heard this term is from eToro, and it seems good if you heard it for the first time especially if you lost huge amounts of money already in trading because you can just copy what those experts are doing, and you don't need to read the charts, or make some analysis because the experts will do it for you. Well, that's what you think at first, but it doesn't work that way "always".

Is it a legit source of income? Yes, but is it a reliable source of income? It's a NO because there's still a chance that you might lose money copy trading those experts. In the end, it's always good if you yourself know how to trade, and you can make more profit from it compare to just copy trading them. Is it a marketing tactic? Kind of because like I said, those who lost huge money in trading might see this as their way to make profit without doing too much analysis, and chart reading thus, they will register to that broker/exchange, deposit money, copy trade, and let the magic begins. Cheesy

TBH, I might try copy trading in the future. I will put a small portion of my money, and do copy trading for at least 6 months up to a year.

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Copy trading from my own personal experience is sure one of the easiest way to make money in trading, well, easy it seems, but its not as easy as it often seems, some newbies often think otherwise but the truth is that, the chances of losing money in copy trading is still very high, most especially, if you by any chance copy trade from the wrong trader, and one thing about copy trading is that, even past history and reviews of a trader does not offer or prover any form of guarantee to trust their judgement going forward because, at any time, their strategy could fail and you who have invested money to copy their trades/strategy would loss money.

So in my own personal opinion, i believe the best way to be really profitable in trading is to train yourself, learn everything that there is to trading, become a professional yourself so you don't have to copy trades from others, but have others copy trades from you instead.

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Quote from: AicecreaME on August 12, 2023, 07:46:12 AM

Copy trading is easy, less hassle, however, the challenge on it is to find the right trader that'll give you profits most of the time. The disadvantage is that his trading funds could be bigger than yours so there's a chance that your funds could be burnt in no time while his funds doesn't even budge. So in my opinion, doing copy trading has its own risk and the final decision is yours to make.

This, people always shit on copytrading whenever someone ask if it's worth it which is kind of stupid given that if you can ride with the best traders in the market and make profit when they make profit, I think that you should take it but as you've said, tread lightly and choose the right trader which isn't that hard to find as most sites that do copytrading have the stats of the traders so you can see who's going to make you more profit. People always disregard the benefits of more time spent on other things, I guess you want to control how iu make money is a strong reason why you want to sacrifice time and convenience.

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Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

(......)
So, is copy trading legitimate? Yes, it can be a legitimate way to invest if you do your research and select the right traders. However, it's important to remember that there is always the risk of losing money, even with copy trading.

It's trading but it's kinda not worth it, the risk is not worth it because if the master traders win some trades, your profits are kinda low because the master trader got their share and if you lose, you lose your money.
For me, finding a good master is good especially the master trader got good risk:reward ratio even over the time profits is low, as long as it is stable.

Woodie

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Copy trading being a Marketing tactic no its not!!

Copy trading was initially meant for users with more than 2 accounts on same platform or several platforms to allow them to open trades automatically without having to do it manually several times for the same trade...

But overtime , some of these platforms have changed how it's used by allowing other traders including beginners to copy profitable traders by monetizing this process which is a win win for both parties and with time will grow in popularity.

xSkylarx

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Quote from: awik p on August 14, 2023, 08:40:19 AM

when I was a beginner, I dec
ided to study with my friend, so it would be easier for me to ask questions about what I didn't know, I saw the way he made transactions and asked after closing positions, so that over time I learned the basics of trading. , actually it's the same if we do copy trading, but after I learned the basics I started practicing on my own, but the most difficult thing was learning to control psychology, because even though I already knew something that shouldn't be done, I still violated it

Ive done the same, but copy trading is very different. If you just copy a trader, you're good, with no explanation or whatsoever, unlike with your friend, who has a discussion over it in which you can learn and still learn the basics, unlike a few newbies who are just relying on the trader they copied and then waiting for their portfolio to be green or red. What I really noticed about copy trading is that only the trader you've copied will be earning more, as he gets a cut every time someone copies his trade. For beginners, it is really recommended to learn before doing something else.

Nrcewker

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Copy trading is good method to make quick profits if done it properly. But what goes wrong is that Newbies starts complaining when they make loss due to these copy trades. They know that when they are trading, they should be equally ready for both win and losses, but when they face loss, they started cursing the trader, whose trades they are coping. It they get enough knowledge to accept both wins and losses, then definitely as a beginner copy trading can give you good profits.

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Quote from: shinratensei_ on August 12, 2023, 06:23:40 PM

well the thing here is that you are copying the trading activity that the so called pro trader is having, finding traders thats really good at the thing they're doing is quite hard honestly.
i bet many the so called pro traders are also just don't have idea how to make a good trade if they don't find information before hand.
I guess its good if you are really beginner at the field and just wanna get starting up fast, then I guess it does make sense just to follow the path of those pro in trading.
but for long term you should make analysis based on your own deduction.
however, if the trades that you are following from these pro traders turns out to be really good, nothing wrong in keeping things like the way it is, basically just follow them until you hit your target.

It’s not bad actually to follow a pro and successful trader, but know that there is no excuse from the risk of losing in trading. So never expect that if this professional trader becomes profitable most of the time, then he will guarantee high profitability in the future. The market is changing, and so with how the traders attack the market. They can be profitable today, but no one can guarantee if they will still be as productive as today in their next trades. That’s the reason why traders should never rely mostly in copy trading, at times it can be profitable, but most of the time it can be a source of high financial loss.

awik p

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when I was a beginner, I decided to study with my friend, so it would be easier for me to ask questions about what I didn't know, I saw the way he made transactions and asked after closing positions, so that over time I learned the basics of trading. , actually it's the same if we do copy trading, but after I learned the basics I started practicing on my own, but the most difficult thing was learning to control psychology, because even though I already knew something that shouldn't be done, I still violated it

sulendra12

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Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

We can just skip market analysis, not put in any effort or time, and have someone else handle our trading. It sounds almost too good to be true, doesn't it? That's what copy trading offers us, but can we really trust it?

Well if beginners all they care about are just money and profit then copy-trading might be thing for them because they don't need to learn anything and just copy whatever the pick from traders they are copying. But in the long run if those beginners really want to know about how they do it by themselves then that's going to be a problem because you have zero idea on how to do it.

Also most of the picks are just really bad and that would make them demotivated even more because they gain nothing from it.

Franctoshi

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Quote from: KingsDen on August 14, 2023, 04:21:39 AM

It seems I will disagree with you here. It doesn’t matter how well a trader knows the charts, how well he knows about the fundamentals, and his overall knowledge of the market. All these are skills needed by every good trader. But if anyone possesses all these skills and yet does not win in the long run, we cannot say that the trader is a successful one.

As I said above, there are win days and loss days for every trader. If your winnings do not exceed your losses, you are not a good trader, no matter how skillful you are.
On the other hand, if a beginner trader who doesn't know much about the analysis of trade, finds a way to win more than lose, that beginner is a successful trader more than a professional whose losses are more than wins.

Exactly no trader can boast of zero loss in trading even professional traders, whether you are trading with a robot, AI, or super-intelligent computers, Profitability in trading is determined by your past profit and loss trading records (+ and -) over the years of trading and not something of three or six months of trading.

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Quote from: _BlackStar on August 12, 2023, 05:32:10 PM

Quote from: KingsDen on August 12, 2023, 05:16:50 PM

Even a professional trader will at a time lose money. What differentiates a good trader from a bad trader is whether they are running on losses or profits on the long run.

Successful traders are not only measured by how much returns they get - they also need to know a lot about how to do analysis and how the market works.

It seems I will disagree with you here. It doesn’t matter how well a trader knows the charts, how well he knows about the fundamentals and his overall knowledge of the market. All these are skills needed by every good traders. But if anyone possess all these skills and yet do not win on the long run, we cannot say that the trader is a successful one.

As I said above, there are win days and loss days for every trader. If your winnings do not exceed your losses, you are not a good trader, no matter how skillful you are.
In the other hand, if a beginner trader who doesn't know much about analysis of trade, finds a way to win more than lose, that beginner is a successful trader more than a professional whose losses are more than wins.

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Quote from: MFahad on August 13, 2023, 04:24:24 AM

Quote from: freedomgo on August 09, 2023, 04:56:56 PM

Many times copy trading does not give reliable experience, because some of those who provide for this copy trading are actually not real and professional traders on their own. They just simply make this a source of living out from the payments they get from those who carelessly subscribe to them. So yes, it would be more acceptable if those who copy trade are just for fun, and definitely not to earn profits.

They did not get reliable experience because they follow everyone without make a correct investigation which is very important. In my opinion just learn and do by yourself as self decision are more better than following the decisions of others.

As a beginner you would think that if you copy someone who's profiting in trading of course you would follow his advice despite the fact that he's no professional or much worse it's made up by AI since nowadays you could gather information by just simply ask an AI. Which is not a good way to trade since you couldn't rely your money on AI cause you won't learn anything if you just want to get spoodfed by an AI.

Quote

Crypto is that field in which scammers and wrong people enters very easily and no one can identify them. Large number of groups are created just for getting income from it by spreading that information which is useless.

Here one should take every step Wisely and try to inquire as it is about your financial system which does not stabilizes easily.

I think everything that has involved money has always scammers and hackers for online. Even in gambling sites, simple link that looks not harmful but once you clicked it your wallet would be drained. In investing like real state, sometimes once you paid them you couldn't even own the land since the company you've invested are fake. Mostly of the scammers comes with a group so they could easily manipulate newbie. Just do some DEEP researching so you could exactly know what you are doing plus can avoid scams.

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Quote from: freedomgo on August 09, 2023, 04:56:56 PM

Many times copy trading does not give reliable experience, because some of those who provide for this copy trading are actually not real and professional traders on their own. They just simply make this a source of living out from the payments they get from those who carelessly subscribe to them. So yes, it would be more acceptable if those who copy trade are just for fun, and definitely not to earn profits.

They did not get reliable experience because they follow everyone without make a correct investigation which is very important. In my opinion just learn and do by yourself as self decision are more better than following the decisions of others.

Crypto is that field in which scammers and wrong people enters very easily and no one can identify them. Large number of groups are created just for getting income from it by spreading that information which is useless.

Here one should take every step Wisely and try to inquire as it is about your financial system which does not stabilizes easily.

shinratensei_

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well the thing here is that you are copying the trading activity that the so called pro trader is having, finding traders thats really good at the thing they're doing is quite hard honestly.
i bet many the so called pro traders are also just don't have idea how to make a good trade if they don't find information before hand.
I guess its good if you are really beginner at the field and just wanna get starting up fast, then I guess it does make sense just to follow the path of those pro in trading.
but for long term you should make analysis based on your own deduction.
however, if the trades that you are following from these pro traders turns out to be really good, nothing wrong in keeping things like the way it is, basically just follow them until you hit your target.

_BlackStar

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Quote from: KingsDen on August 12, 2023, 05:16:50 PM

Quote from: Kasabus on August 08, 2023, 10:34:49 PM

-snip-

Everything in this cryptocurrency industry is all about risk-taking. Even a professional trader will at a time lose money. What differentiates a good trader from a bad trader is whether they are running on losses or profits on the long run. You cannot use a very short time to measure the professionalism of a particular trader.

When you talk about copy trading it is also risky, but this time around the risk is more uncontrollable by the copy trader because the signals and method of trading is not emanating from the copy trader. It is rather coming from another person therefore, the copy trader might not be able to control the trade if things are going wrong.

All investments and strategies are inherently varied in risk - so each trader must adjust that risk to the extent of what they can afford to lose. Copy trading is one strategy that can make it easier for a trader to profit over other traders' strategies - but I wouldn't really recommend anyone to try it.

Successful traders are not only measured by how much returns they get - they also need to know a lot about how to do analysis and how the market works. A trader's performance is highly inconsistent from trader to trader - so copy trading is not a perfect way to adopt over time. It may be great for the early days as a beginner or non-experience trader, but they need to learn a lot to become independent traders.

Quote from: KingsDen on August 12, 2023, 05:16:50 PM

However, I prefer copy trading to bots trading. I know all of them is risky, but the most important of them is that you should learn how to trade by yourself at least.

As long as you understand the risks and you do it wisely - then you can choose that strategy. But remember - don't get addicted.

KingsDen

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Quote from: Kasabus on August 08, 2023, 10:34:49 PM

Copy trading can lead us into profits at some point, but it can never ultimately provide us a consistent flow of income. Nevertheless, even trading itself cannot ensure beginner traders to earn from it because of the high risks that are involved in trading. Furthermore, what makes it more dangerous to use is that you are copy trading from a very unreliable trading provider. You will not only lose your capital and future profits, but the time you put into it will only go into waste.

Everything in this cryptocurrency industry is all about risk-taking. Even a professional trader will at a time lose money. What differentiates a good trader from a bad trader is whether they are running on losses or profits on the long run. You cannot use a very short time to measure the professionalism of a particular trader.

When you talk about copy trading it is also risky, but this time around the risk is more uncontrollable by the copy trader because the signals and method of trading is not emanating from the copy trader. It is rather coming from another person therefore, the copy trader might not be able to control the trade if things are going wrong.

However, I prefer copy trading to bots trading. I know all of them is risky, but the most important of them is that you should learn how to trade by yourself at least.

Russlenat

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Beginners are not advised to trade and expect to earn profits, since they don’t have the sufficient knowledge and skills to trade in the first place. Instead, they should focus on knowing and understanding the crypto coins and it’s unpredictable market. Later on, once they gained good experience and training in the market, maybe they could start exploring trading as well but should never expect quick profits.

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Quote from: AicecreaME on August 12, 2023, 07:46:12 AM

Copy trading is easy, less hassle, however, the challenge on it is to find the right trader that'll give you profits most of the time. The disadvantage is that his trading funds could be bigger than yours so there's a chance that your funds could be burnt in no time while his funds doesn't even budge. So in my opinion, doing copy trading has its own risk and the final decision is yours to make.

Even copy trading is much easier than regular trading, it still need something to do or maintain especially in the beginning. A lot of research need to be done on the trader you are copying and the strategy that the professional trader is doing because like you said you can be burned if you don't have that much funds. Basically, it's not something that a pure newbie who can successfully execute everytime. I think it's for someone that has an experience to fully take advantage of this service/system.

Cryptomultiplier

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Copy trading as a new initiative by some exchanges like Bitget who promises to be an advanced trading solution to pro traders, might just be another of its marketing tactic. One thing to note however is that every existing platform or crypto/coin has its own marketing tactic which is the core as to why it operates.
Hence, copy trading for me is a also deemed reasonable as a marketing tactic.

Also, I think traders who understand the basics of trading, have tried trading at least more than 3-10times, can try copy trading feature from a reputable exchange. I believe one can only copy what he truly understands, else failure is going to be the result.

AicecreaME

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Copy trading is easy, less hassle, however, the challenge on it is to find the right trader that'll give you profits most of the time. The disadvantage is that his trading funds could be bigger than yours so there's a chance that your funds could be burnt in no time while his funds doesn't even budge. So in my opinion, doing copy trading has its own risk and the final decision is yours to make.

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Quote from: Mauser on August 12, 2023, 12:50:20 AM

Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

So, is copy trading legitimate? Yes, it can be a legitimate way to invest if you do your research and select the right traders. However, it's important to remember that there is always the risk of losing money, even with copy trading.

Copying a successful trader is a good start for any beginner. In case we have access to the trading strategies of experienced traders I would recommend anybody to take a look at them and implement them if it still makes sense. Blindly following a successful trader however is not going to work forever. Just because we make money in the first few months is no guarantee that we are going to keep making money of the strategies. The crypto markets are changing all the time and we need to keep reevaluating our positions and adjust them to new market conditions. How likely is it that the experienced trader will let us know when he closes down position? In case we pay the trader with a monthly subscription then I wouldn't worry so much, but if not I would be cautious. It could be devastating to be stuck in a trade that we should have closed out weeks ago. Getting inspirations for trading strategies is a good thing, just make sure you understand it and do some own research.

Copying the trading methods of these experienced traders can be a great first step for beginners. They will be able to gain a lot of experience there by copying the methods of those who are already experienced not only the profits they get. But I would say it is only for beginners who are willing to improve, I mean for those (beginners) who are willing to learn it, do a lot of research in the strategy of copy trading and take the knowledge, it is very helpful to be one step ahead as a trader. There is no better way except to do it with your own knowledge and method, like you said they will only get temporary benefits there if they continue to use other people's methods. Market conditions will continue to change at any time, and therefore I think it is much better if we use our own way of trading. So we will be able to do various ways according to our knowledge to minimize losses if the market changes instantly. And also with that I think we will be able to be more precise to make decisions in urgent positions.

Mauser

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Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

So, is copy trading legitimate? Yes, it can be a legitimate way to invest if you do your research and select the right traders. However, it's important to remember that there is always the risk of losing money, even with copy trading.

Copying a successful trader is a good start for any beginner. In case we have access to the trading strategies of experienced traders I would recommend anybody to take a look at them and implement them if it still makes sense. Blindly following a successful trader however is not going to work forever. Just because we make money in the first few months is no guarantee that we are going to keep making money of the strategies. The crypto markets are changing all the time and we need to keep reevaluating our positions and adjust them to new market conditions. How likely is it that the experienced trader will let us know when he closes down position? In case we pay the trader with a monthly subscription then I wouldn't worry so much, but if not I would be cautious. It could be devastating to be stuck in a trade that we should have closed out weeks ago. Getting inspirations for trading strategies is a good thing, just make sure you understand it and do some own research.

justdimin

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Quote from: mvdheuvel1983 on August 09, 2023, 07:51:15 AM

Copy trading isn't for beginners. Only mid level traders and professional or expert traders should copy trade. By the way, this.isnthe most laziest way to make money off of trading. Real and more experienced traders would never advice any beginner to copy trade because there is no skill acquired from copy trade. Beginners are called beginners for a reason. They have to start from the beginning and learn the basics of trading. Their priority at the beginning should never be to make money but to learn the steps that it entails.

I agree that you are going to be trading yourself instead of making the movement yourself and that's why there is going to be something that will make some changes for some people if they end up copy trading, it's better to make a change yourself and trade yourself if you can. However, I do not think that mid level and veteran traders will end up using copy trading, that doesn't really make any sense and I think that it will not be something that will benefit anyone at all.

I think it's obvious that we are going to end up with a situation that will be better. This is why it's easier to just focus on what you have and instead of copy trading as a veteran, let that be the what newbies do, newbies should copy the veterans instead.

DoublerHunter

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Quote from: freedomgo on August 09, 2023, 04:56:56 PM

Quote from: mk4 on August 08, 2023, 10:55:58 AM

Copy trading is a way for a lot of bad traders to earn money off fees(they take a small cut). They might look like good traders because of their less-than-2-years-long track record, but a huge majority of them end up losing money in the end.

I’d say only do copytrading if you want to have a little bit of “fun” with some of your spare cash.

Many times copy trading does not give reliable experience, because some of those who provide for this copy trading are actually not real and professional traders on their own. They just simply make this a source of living out from the payments they get from those who carelessly subscribe to them. So yes, it would be more acceptable if those who copy trade are just for fun, and definitely not to earn profits.

^ Probably because copy trading often falls short of providing a reliable experience due to the prevalence of unverified and inexperienced providers. Many individuals offering copy trading services are not genuinely skilled or professional traders themselves. Instead, they use this as a means of income, capitalizing on subscriptions from unsuspecting users. In my own opinion, using copy trading for recreational purposes seems more reasonable, rather than relying on it as a means to generate profits.
As I say, trying even once or twice in copy to gain experience is not bad at all, but if you are relying with your whole life in copy trading which is a wrong decision.

Franctoshi

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Quote from: xSkylarx on August 09, 2023, 02:15:06 AM

I'm not sure about it, but I haven't seen anyone that is profitable on it, i.e., those who copy tradetraders , unless they just become thenes who have been copied on the platform because there are tons of fees I've seen and also again your profit on it will be cut and you onlyet tons of profits There are those who have been copied and again for sure those traders only have few years of track record andre not that established which is why they are joining the platform to earn more.

When I see discussions about copy trading, from my personal experience with real profitable traders some of them don't make their trades available for copy, I can only advise copy trading in the following conditions,

1. If you are busy and don't have much time to trade.
2. If you are seeking alternatives or other streams of income but aren't interested in trading.

Lastly, the trader that you want to copy must have track records of years of profitability in trading to commit your money.

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Quote from: mk4 on August 08, 2023, 10:55:58 AM

Copy trading is a way for a lot of bad traders to earn money off fees(they take a small cut). They might look like good traders because of their less-than-2-years-long track record, but a huge majority of them end up losing money in the end.

I’d say only do copytrading if you want to have a little bit of “fun” with some of your spare cash.

Many times copy trading does not give reliable experience, because some of those who provide for this copy trading are actually not real and professional traders on their own. They just simply make this a source of living out from the payments they get from those who carelessly subscribe to them. So yes, it would be more acceptable if those who copy trade are just for fun, and definitely not to earn profits.

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If there are chances that copy trading becomes effective and creates higher profitability, then obviously those that are done by professional traders. And those trades that are actually made by reliable and prominent service providers. However, in the case for beginners, I would say that the most possible outcome that will happen is only to see them losing. Why? Because they are not supposed to trade without honing their skills and strategies first that will make them capable to trade successfully.

Sanitough

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Quote from: mvdheuvel1983 on August 09, 2023, 07:51:15 AM

Copy trading isn't for beginners. Only mid level traders and professional or expert traders should copy trade. By the way, this.isnthe most laziest way to make money off of trading. Real and more experienced traders would never advice any beginner to copy trade because there is no skill acquired from copy trade. Beginners are called beginners for a reason. They have to start from the beginning and learn the basics of trading. Their priority at the beginning should never be to make money but to learn the steps that it entails.

Absolutely. Regardless if copy trading makes a great advantage to acquire profits, but it all depends on how capable the user is to copy trade. And obviously, beginners have no idea about copy trading, and even if they’re aware too, their level of understanding copy trading is only minimal. They may take some beginners profits but in the end they will still end up losing. That is why copy trading are never advisable for beginners. In fact, beginners are not allowed to trade in the first place, instead their focus should be on learning acquisition and on how to maximize their level of understanding through minimal crypto engagement.

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Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

We can just skip market analysis, not put in any effort or time, and have someone else handle our trading. It sounds almost too good to be true, doesn't it? That's what copy trading offers us, but can we really trust it?

There are a few things to consider when evaluating the legitimacy of copy trading.
First, you need to make sure that the platform you're using is regulated and has a good reputation. There are a number of scams out there, so it's important to do your research.

Second, you need to carefully select the traders you want to copy. Some traders have a better track record than others. Make sure you look at their performance history and read their reviews before you commit any money.

Finally, you need to remember that copy trading is still an investment, and there is always the risk of losing money. Even if you're copying a successful trader, there's no guarantee that they will continue to be successful in the future.

So, is copy trading legitimate? Yes, it can be a legitimate way to invest if you do your research and select the right traders. However, it's important to remember that there is always the risk of losing money, even with copy trading.

Copy trading can be a legitimate way for beginners to generate income. Still, when choosing a copy trading platform, it is crucial to consider the fees charged, the types of assets available, and the track record of the traders you are copying.

Remember that copy trading is not a get-rich-quick scheme. You can still lose money by copy trading, even if your copying trader has a good track record. Be aware of the risks involved before you start copy trading.

tjtonmoy

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Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

~Snip

In simple words, don't copy trade. It's not the best way to do trading or learn to trade. You are just copying others' work. What's that gonna teach you? Nothing! This is something that will not be available all the time. What will you do if one day it's gone? Someone else doing your work for you? What are you paying? Because nothing is for free anymore.

For me, it's a way of learning. Doing the work on your own and then comparing it with someone else who is a professional will give much better results. You can also manage your risks according to your calculations. In the long run, the thing you learn on your own will stay with you forever. One strategy does not always work in the evolving crypto market. It is good to have multiple strategies. It can only be done when you do it on your own. So take your time to learn the process instead of copying it.

mvdheuvel1983

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Copy trading isn't for beginners. Only mid level traders and professional or expert traders should copy trade. By the way, this.isnthe most laziest way to make money off of trading. Real and more experienced traders would never advice any beginner to copy trade because there is no skill acquired from copy trade. Beginners are called beginners for a reason. They have to start from the beginning and learn the basics of trading. Their priority at the beginning should never be to make money but to learn the steps that it entails.

Finestream

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I do not see it as a marketing tactic nor a legit way to provide income for beginners. Yes, it can be profitable at times but you can never anticipate profit assurance out from copy trading regardless if you are copying trades from trading experts or not. Because the fact that trading is always unpredictable and it’s market seems very unstable most of the time, then trading at a high caution should be done by following on what you think is right based from your acquired knowledge and even trading experiences. That’s the reason why I don’t see copy trading a reasonable way to make profits, but if you’re actually doing it with caution and ensure that you get it from a very reputable source, then I guess it will still be an effective way to make profits, but maybe beginners are an exception.

Johnyz

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Trading is a good way to make money but for beginners, it is advisable to invest on your knowledge first before anything else.
Copy trading should not be your long term strategy, this is ok for short term but still you have to lower your expectation because there is no easy money in trading.
TA is the key and learning how the indicators works can make you more profitable in trading, try to focus on this first.

xSkylarx

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I'm not sure about it, but I haven't seen anyone that is profitable on it, i.e., those who copy tradetraders , unless they just become thenes who have been copied on the platform because there are tons of fees I've seen and also again your profit on it will be cut and you onlyet tons of profits There are those who have been copied and again for sure those traders only have ffew years of track record andre nnot that established which is why they are joining the platform to earn more.

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Quote from: Kasabus on August 08, 2023, 10:34:49 PM

Copy trading can lead us into profits at some point, but it can never ultimately provide us a consistent flow of income. Nevertheless, even trading itself cannot ensure beginner traders to earn from it because of the high risks that are involved in trading. Furthermore, what makes it more dangerous to use is that you are copy trading from a very unreliable trading provider. You will not only lose your capital and future profits, but the time you put into it will only go into waste.

This also shows how people lazy are to learn but wants to earn money. I've known copy trading for so long and I had not planned to put my money into it. The risk to reward ratio that those copy trader offers are not worth it, a single loss can wipeout your profits. These newbies should realize that they don't need to rush to earn through trading. They will be just like gambling if they do it with not enough fundamentals.

Kasabus

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Copy trading can lead us into profits at some point, but it can never ultimately provide us a consistent flow of income. Nevertheless, even trading itself cannot ensure beginner traders to earn from it because of the high risks that are involved in trading. Furthermore, what makes it more dangerous to use is that you are copy trading from a very unreliable trading provider. You will not only lose your capital and future profits, but the time you put into it will only go into waste.

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Quote from: Vaculin on August 08, 2023, 04:59:08 PM

It’s legit but it’s a never a reliable source to create an income especially if you are copy trading from a non-reputable trader or let’s say never become a real trader in the market. With all the scams happening over the internet, a beginner trader may easily believe on the self-claimed traders online and believe like they were your only hope so you can trade and expect sustainable profits. This is the reason why copy trading may not create a positive image at some point due to those unreliable sources for copy trading.

Thank you for highlighting that copytrading is not a foolproof trading strategy with a guaranteed 100% success rate. Please understand, copytrading is an extremely effective and useful strategy, especially for beginners and busy investors who don't have much time to devote to trade setups. I also utilize copytrading occasionally, but it frustrates me when certain platforms promote it as an infallible method, leading people to blindly rely on it in hopes of guaranteed success. There are valid reasons why reputable copy trading platforms like Bitget allow users to review the track records of traders they intend to copy and why they have a wide selection of skilled traders available. This is to ensure that users conduct proper research, make careful selections, and have multiple options to consider before investing. Else, you can end up losing your funds alongside the trader you copied. It is in this light I am saying that it shouldn't be perceived as a 100% success guarantee strategy but of course, a useful and legitimate strategy.

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If you are that curious as a newbie about copy trades then you could actually test it but if you are just basically trying out to see those numbers and charts without even knowing on what it is then
its pointless because you are just basically relying on someone.Take note that not all the time you would really be profitable with copy trading and this is why its never been that recommended.

If you are completely newbie and have the plans on knowing on whats trading then it would be always recommendable that you should really be sticking with manual trades and stick with spot trading.
Trading could really be a source of income but its not something that could really be achieved in short time and not all would really be that successful on this field.
This is why its really that wise that you shouldn't really make yourself that too desperate or rushing up yourself on learning everything because its not something that could achieve in short time
and this should bare on mind.

Vaculin

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Winding down.

It’s legit but it’s a never a reliable source to create an income especially if you are copy trading from a non-reputable trader or let’s say never become a real trader in the market. With all the scams happening over the internet, a beginner trader may easily believe on the self-claimed traders online and believe like they were your only hope so you can trade and expect sustainable profits. This is the reason why copy trading may not create a positive image at some point due to those unreliable sources for copy trading.

jeraldskie11

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If you're beginners in trading and want to do a copy trade, you should have the criteria how to pick the right master trader. You just don't have to pick the traders who have a good pnl because others are only for this month. You should check those traders who are really consistent in their trades which the chart is upward sloping and not drastically increased of their previous months. Copy trading is not a guarantee that you will become rich but if you have a criteria of choosing the right trader I assure you that the probability of being profitable is high.

TimeTeller

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Quote from: Natalim on August 08, 2023, 04:42:54 PM

Yes, I did copy trading before and it works at the start but getting surprised that after a few days of doing this, everything went wrong. What I mean is that they will ask you for more money if you wanted to increase your learning.

I know it would be helpful for newbies to at least have an idea but thinking in a situation where you have to spend a huge amount just to acquire additional trading knowledge, I don't think it was a good idea since there are a lot of resources available online that we can use to learn freely.

It would be better if you will do your own trading and learn it from scratch.
Anyway, there's no guarantee that these traders will always be successful with their trades.
They are also humans, and they are also prone to mistakes. They are also speculating on this market.
The better route is to learn your own strategies as each coin or token have their own features that you can use in trading.
As time goes by, you will learn the tricks and one look, you can easily spot potential coins.

Natalim

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Yes, I did copy trading before and it works at the start but getting surprised that after a few days of doing this, everything went wrong. What I mean is that they will ask you for more money if you wanted to increase your learning.

I know it would be helpful for newbies to at least have an idea but thinking in a situation where you have to spend a huge amount just to acquire additional trading knowledge, I don't think it was a good idea since there are a lot of resources available online that we can use to learn freely.

mirakal

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Copy trading is legit if it comes from a reputable source. However, relying on it solely will never guarantee consistent earnings and can never secure a consistent income most especially for beginners. Although it’s one way to make trading quite easier and less hassle but when it comes to profitability, I cannot attest to that knowing it’s still best to trade based on your own knowledge and skills.

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Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

We can just skip market analysis, not put in any effort or time, and have someone else handle our trading. It sounds almost too good to be true, doesn't it? That's what copy trading offers us, but can we really trust it?

You can make use of a copy trade for beginners in most cases who don't know how to go about it, there's no amount of usage one can give it to get maximum result, trading should be taught using many trading materials together with the analytic Indicators, if it has been that productive, many would have been using it for their trading and have less trading requirements to learn on how to engage other needed applications for trading.

mu_enrico

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It's not a sure way to make profits, and it's not a marketing tactic since you really copy the person's trading activity. So the question is basically saying "Is an apple an orange?"
If you are tempted to use copy trading because you think you'll get profit if you copy Person A activity because he has a good history, you'll be disappointed. You'll find that anything can happen in the future as it's unpredictable/random. What you're doing is like reading the recent year's performance of Mutual Fund X, which is great, and thinking that it will yield the same profit in the future.

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I do not think that it is a marketing tactic, it's actually a good way of making profit if you pick the right people. What the beginners should realize is that copy trading is the name of the way you are trading, but who you copy matters the most. If you copy someone that does amazingly great profits then you are going to make the same profits, if you follow someone who loses too many times in a row then you are going to end up with no profit and no money left.

This means that copy trading doesn't mean that you will profit or lose, just the name itself doesn't give anything, you should be trading based on what you have and if you have something that benefits you then you are going to end up with a profit eventually for sure.

bitzizzix

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In my opinion, copy trading can be a useful and useful tool for beginners who are new to the industry, on the grounds that they are new and do not yet have the knowledge or experience to make good trades.
but you should also do some research on the trading copy you are going to use, particularly its track record and popularity. And besides that it is important for beginners to do their own research before choosing a copy trading platform. And it is also important for beginners to remember that profits are not guaranteed for copy trading, and don't make copy trading your permanent method and you also have to learn the knowledge related to trading and it is also very important to manage risk well and always use money that you can afford to lose .

palle11

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Quote from: Findingnemo on August 08, 2023, 11:48:44 AM

.

If you think you can make your first million by doing nothing and letting your thousands work based on someone's strategy then it won't be too long to realize that you actually lost thousand instead of making millions.

Self trading itself is not easy and some who have failed in trading have found themselves to run those copy trading strategy and as you said it is not a cash bag with copy trading. Those who you want to copy are still under some losses as self trader but they learnt the copy trading technique to market to people that don't want to learn. If someone has a better trading technique, he is likely going to use it for himself and family, this is suppose to be a right thinking way for users of bot traders and copy followers

Findingnemo

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Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

We can just skip market analysis, not put in any effort or time, and have someone else handle our trading. It sounds almost too good to be true, doesn't it? That's what copy trading offers us, but can we really trust it?

It is legit but it's not just the same as they are marketing because they are only telling what people wanted to hear not everything.

There are several copy trading platforms with some great names too and you can trust them but, are you really going to trust them?

To make you rich.

If you think you can make your first million by doing nothing and letting your thousands work based on someone's strategy then it won't be too long to realize that you actually lost thousand instead of making millions.

Still looking for a good copy trading platform then here it is: https://www.etoro.com/

mk4

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Copy trading is a way for a lot of bad traders to earn money off fees(they take a small cut). They might look like good traders because of their less-than-2-years-long track record, but a huge majority of them end up losing money in the end.

I’d say only do copytrading if you want to have a little bit of “fun” with some of your spare cash.

EarnOnVictor

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Quote from: ananyabushra on August 08, 2023, 07:10:43 AM

We can just skip market analysis, not put in any effort or time, and have someone else handle our trading. It sounds almost too good to be true, doesn't it? That's what copy trading offers us, but can we really trust it?

It's not a must that we go through analysis efforts, once the copy trade could do it for us, I see no reason why we don't utilize it, especially when we don't know how to trade or have busy schedules. But the issue is how to get the right strategy provider, and what I've seen in my long years of trading even before the dominance of cryptocurrency is that they don't often work, and those who work well do not last, and those that last without ruining copier's account do not have a convincing record to quantify the number of years they use in achieving their tiny success.

For this, my conclusion is that copy trade could be good only if traders could do their due diligence. But they still have to be sure that they are monitoring the provider actively after initially certifying it as a trusted one. This could limit the damage the provider could do to the account because, after some good records, they don't often replicate it.

ananyabushra

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We can just skip market analysis, not put in any effort or time, and have someone else handle our trading. It sounds almost too good to be true, doesn't it? That's what copy trading offers us, but can we really trust it?

There are a few things to consider when evaluating the legitimacy of copy trading.
First, you need to make sure that the platform you're using is regulated and has a good reputation. There are a number of scams out there, so it's important to do your research.

Second, you need to carefully select the traders you want to copy. Some traders have a better track record than others. Make sure you look at their performance history and read their reviews before you commit any money.

Finally, you need to remember that copy trading is still an investment, and there is always the risk of losing money. Even if you're copying a successful trader, there's no guarantee that they will continue to be successful in the future.

So, is copy trading legitimate? Yes, it can be a legitimate way to invest if you do your research and select the right traders. However, it's important to remember that there is always the risk of losing money, even with copy trading.

Topic: Is copy trading a legit way of income for beginners or just a marketing tactic? (Read 669 times)