Topic: Is copy trading a viable option for newcomers? (Read 929 times)
its not a bad idea at least if the source is a consistent profit maker, but you cant just depend on that for long. so if you start with copy trading as a newbie just to sustain yourself and pay bills and then learn how to be independent on yourself by learning how to trade yourself which will make you earn more and learn more. it is more better to be an independent trader than to rely on another person.
Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?
Copy trading should never be done by beginners. Ignore any YouTube influencers who urge new traders to mimic their trades because they are able to generate $1,000 or more per month from trading. They are merely endorsing sponsored and affiliate trading links to further their own interests. And most of these guys aren't experienced traders. The majority of the comments I have seen on this topic have all reiterated the same advice for beginners: don't copy someone else's trade. Time, money, and knowledge are all being wasted by doing so.
When someone copy trades he is copying someone else's trading exactly and applying it without doing his own research. So he will never know the probability of success of his trade so if he trades with big amount without predicting anything then he will face loss. So it is foolish to put complete trust in copy trading. And those who do not have trading knowledge should not do copy trading. this can lead to huge financial losses without anyone knowing.
Exactly better to focus on doing your own research and study before taking this business,
It's easy just to follow someone's way of trading and this kind of feature is already available online, just completely copy
someone's interpretation of the market and wait if that assessment will bring you or will let you earn from this business,
chances of success are slim if you don't have your own understanding since there are changes that you may encounter along
the way, without proper knowledge, you are doing your trade the same way with gambling.
Many people are constantly doing copy trading and while doing this trading, they can understand themselves and gain good profit by adopting their own training strategies, but this happens to those who are interested in learning trading even though they are doing copy trading. But those whose intention is only to make some income by copy trading, they may be able to make some profit for a temporary period but cannot gain anything good. There are various types of paid channels where trading signals are provided which are very effective but spending time behind them and doing no research on your own will never lead to good trading knowledge.
Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money. However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.If leaning with copy trading and nothing else, if by luck he might earn if the trader that he's copying will perform, the problem is there's always high volatility.
If the trader he's copying change their position, the one who's copying who doesn't have any knowledge
will surely lose as they can't change in time, possibly that the position will be burned and losing the investment
is not by far.
Copy trading can be interesting but expect other outcomes, its not your strategy,not your effort, so you can copy trade and geta good outcomes otherwise possibilities bad outcomes. Your probability of making profit in a scale of 5 is 2/5 but if you know how to trade your self . Atleast you could copy trade and still edit that particular trade making it two heads in a trade . I will just advice to learn first before starting any form of trading and remember when you lose money then the real definition of you becoming a good trader begins you either continue to learn from your mistakes or blackout ,actually I won't want you doing that 
If you know how to trade, why would you trust any random individual on the internet to give you a correct signal when you can analyze the market with your own knowledge and make profits and also have the opportunity to learn from the trade since you did the prediction. Copy trading makes you lazy and when you're lazy you won't want to work which is why most traders that have been participating in copy trading find it difficult to quit because they have become lazy to analyze the market.
Copy trading can't give you the knowledge you need to become an expert trader. Copy trading can give you money but soon you would know that the money isn't everything as you can't compete with your follow traders as you lack the knowledge and experience they have.
I am speaking from my personal opinion...
Copy trading can be tempting for newcomers, but it comes with risks. While it allows you to mimic experienced traders' moves, it doesn't guarantee success. Crypto markets are volatile, and blindly following others could lead to losses.
I think, Newcomers should focus on learning and developing their trading skills.
Copy trading can be tempting for newcomers, but it comes with risks. While it allows you to mimic experienced traders' moves, it doesn't guarantee success. Crypto markets are volatile, and blindly following others could lead to losses.
I think, Newcomers should focus on learning and developing their trading skills.
Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?
Copy trading is an attractive method for beginners as it enables them to replicate the trades of experienced traders. The popularity of copy trading in the crypto industry indicates its acceptance. However, its effectiveness for newcomers depends on various factors, including the skills of the traders being emulated and market volatility. While it can offer learning opportunities, beginners should still conduct research and comprehend the trading risks.Many people are constantly doing copy trading and while doing this trading, they can understand themselves and gain good profit by adopting their own training strategies, but this happens to those who are interested in learning trading even though they are doing copy trading. But those whose intention is only to make some income by copy trading, they may be able to make some profit for a temporary period but cannot gain anything good. There are various types of paid channels where trading signals are provided which are very effective but spending time behind them and doing no research on your own will never lead to good trading knowledge.
Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money. However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.If leaning with copy trading and nothing else, if by luck he might earn if the trader that he's copying will perform, the problem is there's always high volatility.
If the trader he's copying change their position, the one who's copying who doesn't have any knowledge
will surely lose as they can't change in time, possibly that the position will be burned and losing the investment
is not by far.
Many people are constantly doing copy trading and while doing this trading, they can understand themselves and gain good profit by adopting their own training strategies, but this happens to those who are interested in learning trading even though they are doing copy trading. But those whose intention is only to make some income by copy trading, they may be able to make some profit for a temporary period but cannot gain anything good. There are various types of paid channels where trading signals are provided which are very effective but spending time behind them and doing no research on your own will never lead to good trading knowledge.
Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money. However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money. However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.
Some individual who want to be trading can make money from copying trading but this set of individual should not forget that they won't be gaining any knowledge from copy trading and they also can't read charts to understand the market and interpret how the market will be moving when they stop getting the signals or it turns out to be wrong signals in the future. They'll be left with nothing and that's why depending on signal trading is not good for a trader.
It's better you use the time today to learn how to trade by yourself and be able to interpret the chat's as it helps you to learn from your mistakes when you don't get the interpretation correctly and it adds to your knowledge and improves your chances of been a professional.
Many people are constantly doing copy trading and while doing this trading, they can understand themselves and gain good profit by adopting their own training strategies, but this happens to those who are interested in learning trading even though they are doing copy trading. But those whose intention is only to make some income by copy trading, they may be able to make some profit for a temporary period but cannot gain anything good. There are various types of paid channels where trading signals are provided which are very effective but spending time behind them and doing no research on your own will never lead to good trading knowledge.
Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money. However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.
Copy trading can be interesting but expect other outcomes, its not your strategy,not your effort, so you can copy trade and geta good outcomes otherwise possibilities bad outcomes. Your probability of making profit in a scale of 5 is 2/5 but if you know how to trade your self . Atleast you could copy trade and still edit that particular trade making it two heads in a trade . I will just advice to learn first before starting any form of trading and remember when you lose money then the real definition of you becoming a good trader begins you either continue to learn from your mistakes or blackout ,actually I won't want you doing that
Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money.
Making money in trading has never been easy even for top traders because the market is very unpredictable, all analysis is probabilistic, no guarantees. I have never heard anyone say that making money from trading is easy and easy.
However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money.
In short, we will lose money even if we trade immediately when we receive a signal or trade later. So why should we waste our time and money joining those groups?
Whether we are new or old, if we want to make money by trading, we should research and learn everything by ourselves instead of depending on others. Because nobody has a crystal ball to know about the future, and it's all just predictions based on experience and knowledge, and these two things we can equip ourselves with.
Many people are constantly doing copy trading and while doing this trading, they can understand themselves and gain good profit by adopting their own training strategies, but this happens to those who are interested in learning trading even though they are doing copy trading. But those whose intention is only to make some income by copy trading, they may be able to make some profit for a temporary period but cannot gain anything good. There are various types of paid channels where trading signals are provided which are very effective but spending time behind them and doing no research on your own will never lead to good trading knowledge.
Earning money is very easy for those who understand about trading. And those who do not understand trading will never make money. However, if you trade with signal from paid channel, you lose very less money.Trading has to be done immediately after receiving the signal in the channels, if trading is done later, there is a possibility of losing money. 
Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?
There is probably nothing wrong with this, but it must be borne in mind that if a beginner starts trading using trading copies, then he will not develop himself, that is, he simply blindly follows you with the signals that are offered to him
For a beginner, it’s most likely worth first understanding the basics of trading, understanding what’s what, gaining the necessary experience, and then deciding which is better
But it is worth noting that the best way to understand whether a strategy is good or bad is to look at the result. If it makes you money, then it's good. If it works, then you can use it and at the same time gain experience and learn how to trade.
Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?
I believe that copy trading is a bit pointless unless you are 100 percent sure that you want to trust a total stranger not to make losses more than profits. Personally, I would not trust anyone or anything other than myself to do my trading.
The best thing for a newbie to do is to practice with test coins on a testnet. There are even good testnets for derivatives trading, once you get the hang of spot trading.
Personally I prefer deribit testnet . But there are others.
Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?
I believe that copy trading is a bit pointless unless you are 100 percent sure that you want to trust a total stranger not to make losses more than profits. Personally, I would not trust anyone or anything other than myself to do my trading.
The best thing for a newbie to do is to practice with test coins on a testnet. There are even good testnets for derivatives trading, once you get the hang of spot trading.
Personally I prefer deribit testnet . But there are others.
Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?
I believe that copy trading is a bit pointless unless you are 100 percent sure that you want to trust a total stranger not to make losses more than profits. Personally, I would not trust anyone or anything other than myself to do my trading.
The best thing for a newbie to do is to practice with test coins on a testnet. There are even good testnets for derivatives trading, once you get the hang of spot trading.
Personally I prefer deribit testnet . But there are others.
Yes, copy trading may be effective in seeking for profits but only for those who are willing to take the risk and know exactly those risks involved. However, for beginners in trading, I cannot guarantee that they can manage properly the risk in copy trading, especially that they have less experience as traders and are not completely aware on how to make money in trading, most particularly on how copy trading works and become profitable. But I must say copy trading is a great way to make money, it’s just that the risks involved are not applicable for beginners.
Not every time copy trading works well, especially for newbies. I think a newbie needs to use the strategy that is suitable for them, not following the popular trading strategy. Although the newbies can take the risks, but the copy trading may not work well if the newbies only follow it without good understanding of the trading strategy.Indeed. No guarantee that copy trading will be suitable for newbies, even it may be not suitable for experienced traders as well. For me, the best way to trade is by using our own way, using the trading strategy that is proven to be effective with our trading nature. IMHO, copy trading isn't only about the risks but it is about how well it suits our trading style.
Most of the newbies doesn't care about strategy because their main intention is to gain money. Maybe realization that they need to learn will came late when all things fall apart and the person where they copy their trades gone. Newbies should realize that there's no easy life on trading and they need to spend lots of time researching since if they base their trades to other people well they cannot learn something and remain a newbie in the industry.
Most and they will only realize that knowledge is very important once they already suffer from big losses, just like what you mentioned after seeing that they lost the one that they just copy.
Sooner or later, if the person really wanted to succeed, they need to work it out and try learning
the right process and not just blindly follow whatever they think will be good for them in terms of the business or investment that they've taken.
Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?
I know that people do emphasise on copy trade but for me I don't think it's encouraging to be using copy trade so therefore..it's good for you to learn and understand the basics things of trading before you venture into trading, learning of trading and understand it will give more confidence than copy trade, many newbies have venture into disadvantages of trading by following the steps of other traders as a reliable one, while trading is a skill which we can acquire and follow it consistently. Jump to: