That's a copy trading etoro promotional article if I'm not mistaken. That is one way to earn money through trading by copying trades from professional traders. However, it is not a permanent solution for traders, especially new traders who, in my opinion, should experience direct trading. If new traders depend on copy trading how will he survive if he enters the market directly where copy trading can no longer provide profits.
There's no permanent in this world and what if those traders that you are copying have retired? I guess you are on your own now but that can't be since you just depend on them all the time. That is why it's important to practice trading on your own while you do copy trading to earn. You won't worry if you lose by practicing because you can always recover that using the help of other traders.
Newbies are lucky nowadays because we have now such thing as copy trading, where they can immediately get involved in trading and earn profits right away but before on our time, we go in the hard way. It takes time for us to engage in real trading to earn.
Would really be that dumb for you to consider out on relying on copy trades forever even we do just say that it could really be make you earn but doesnt mean that it would
really be giving out some assurance to be profitable in the end of the line and also its better indeed to learn for yourself and earn with your own ways or trades
rather than on relying on it forever on someones trades or something that you had followed.This might sound easy but on the time comes then
you would really be finding yourself in a hard situation.
With all due respect, I really appreciate the opinion of
milewilda. The points from my previous opinion are also not very in favor of copy trading. This is one of the innovations in the world of trading, where there are good and bad. And it all depends on the perception of each.
Personally, if you're a completely newbie in crypto trading, I suggest learning the basics, technical analysis and fundamental analysis related to crypto for market movements, or using a crypto trading simulator – you can do it at tradingview.com, then after you are sure about your trading style on simulator then you can do it in real on the exchange.
This is certainly effective for improving our trading skills and analysis.
But sometimes if we use copy trading from a well-known trader and analysis we believe it is our individual choice. We have no right to prohibit or curse.
*The best and most profitable way is the experience we experience ourselves.