Trade + study = great combination - page 4.

Hamphser

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Quote from: Renampun on March 12, 2021, 02:49:26 PM

Quote from: AakZaki on March 11, 2021, 01:47:11 PM

Quote from: sheenshane on March 11, 2021, 10:32:37 AM

....

You are right, I think of the many traders who act like this are copying trades hoping to make a short profit. That's his choice but I totally disagree with this. According to my trading experience, since 2010 not all copy trades are free, even paid ones ensure that every entry will be profitable. I am more interested in independent analysis through technical and fundamental. This will become a good habit and make it easier for you not to rely on other people to make decisions.

yes, I have tried copy trading on a platform but the results did not match me...
I learned one by one which traders made the most profit in the last 1 month and then tried to 'copy' the trades that were made, for a while I was satisfied but it turned out that someone's luck could not be imitated. it is much more comfortable to trade with your own decisions and analysis.

It doesnt really give out that feel of satisfaction eh? but rather end up on regretting on losing money without doing anything or you havent made out your own analysis right? This is the common feeling
on where people do lost up money without having any effort.

Its better to lose up money with your own analysis at least you do know that you are really learning up something and striving on your own.Once you do get such knowledge and grasping out
something then it would really be piled up and would be relevant on longer runs.

When you do tend to follow others then you can still make out learning where trying to observe on how things had been done.

Renampun

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Quote from: AakZaki on March 11, 2021, 01:47:11 PM

Quote from: sheenshane on March 11, 2021, 10:32:37 AM

....

You are right, I think of the many traders who act like this are copying trades hoping to make a short profit. That's his choice but I totally disagree with this. According to my trading experience, since 2010 not all copy trades are free, even paid ones ensure that every entry will be profitable. I am more interested in independent analysis through technical and fundamental. This will become a good habit and make it easier for you not to rely on other people to make decisions.

yes, I have tried copy trading on a platform but the results did not match me...
I learned one by one which traders made the most profit in the last 1 month and then tried to 'copy' the trades that were made, for a while I was satisfied but it turned out that someone's luck could not be imitated. it is much more comfortable to trade with your own decisions and analysis.

abel1337

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Quote from: isaac_clarke22 on March 12, 2021, 01:26:00 PM

Quote from: maniacmusic on March 11, 2021, 07:25:06 AM

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Copy trading? Heck I won't even attempt that kind of strategy, even if it counts as a strategy.
I also do software development and it's like copying someone else's code with just changing variable.
I don't think you'll be able to analyze and study the market itself by doing that, well sometimes you can't really understand the market because coins have their own volatility in price anyway.

You have a point, But newbies on programming do copy codes or rely on pre-made codes on the internet for them to imitate it or figure out how can they do it. In the process of learning, It is very helpful to rely on something that has been proven and just figure out how they did the original owner do that. Copy trading isn't that bad if you are learning from it but if you just rely on it forever without learning anything well that's just like copying someone else code and just changing its variable for your own good.

I believed that we have different ways of learning and finding the most efficient learning for yourself is the best. As long as we ended up on our goal, It's fine.

isaac_clarke22

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Quote from: maniacmusic on March 11, 2021, 07:25:06 AM

~

Copy trading? Heck I won't even attempt that kind of strategy, even if it counts as a strategy.
I also do software development and it's like copying someone else's code with just changing variable.
I don't think you'll be able to analyze and study the market itself by doing that, well sometimes you can't really understand the market because coins have their own volatility in price anyway.

el kaka22

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I agree that studying and trading and doing them both forever is the way to go. You can't just study first and trade later, or you can't just trade and not study, you have to start with studying and trading together and never stop either of them, you have to keep trading both of them to make money. If you study for even 10 years and just stop studying, eventually trading world will move to a different level and leave you aside, that is why you should always keep studying, doesn't matter if you have been trading for 30 years, just keep learning and keep trading so that you are aware of all the newest things in the world of finance and trading.

I personally never really understood trading that well, I study it and do it a bit but I know that the best way for me is to keep buying more and more and hold them all, that way I could make more money and make it easily, otherwise I may end up losing a lot for doing something I do not understand.

angrynerd88

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Yes without ponder and information not conceivable to be a proficient trader,Without information is like a gmabing.You ought to consider from your exchange is critical marvel and learn from past encounter is imperative one. In case you're not prepared to memorize of exchanging, you won't get a sound information on exchanging. The stage is additionally a vital one in exchanging. You'll be able select a bitcoin to exchange in a long run.Also a few altcoins have potential to HODL for long run.

Kelvinid

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Quote from: ven7net on March 12, 2021, 07:24:18 AM

Quote from: maniacmusic on March 11, 2021, 07:25:06 AM

snipped...

Of course, we can agree with you that trading and learning is the right thing to do, but if we are talking about choosing platforms for this, how about the right choice? If, for example, a beginner wants to copy other people's bets and study, where is the guarantee that he will find the right place for this. I am not saying that the platforms proposed by the article are bad, but it is always difficult for beginners to take the first step, since they will basically fail. But I believe that if you want to learn how to trade, then you will have to enter different platforms, try your hand and learn on the go. I believe that everyone should go through this difficult path, since the most important thing in this is practice.

It is a newbie platform, nobody gives the try to copy/paste their strategy coz we know what it possible ends.

And in the first place, there is no reason why we have to follow these people for the fact that they never give any proof that their strategy really working. Following them, do the copy/paste isn't learning of becoming good in trading but this gives us a reason why we fail.

Besides, we can learn trading without these people, we can make our own strategy from the ideas we get watching online trading and from our friends.

ven7net

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Quote from: maniacmusic on March 11, 2021, 07:25:06 AM

I came across this article and definately want to share it with you: https://techbullion.com/best-5-crypto-social-trading-platforms/

It's worth reading if you would like to start crypto trading and don’t know from what and where to start.

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

I agree with the author's choice. Those platforms are interesting in their own way, and traders of different levels and with different goals can find the right platform.

Coinmatics is a new and fast-growing platform that will be good for beginners since it has a user-friendly UI and intuitive tools. I think almost everyone knows about eToro, and it is the best match for advanced users (just check their multi-functional platform). Zulutrade has a huge education base in addition to forex and copy trading. The fans of cloud-based systems will like Zagnaly and Shrimpy. I am fascinated by this discovery in our crypto world. What do you think about such crypto copy trading platforms? If you ised some of them I want to hear your experince.

Of course, we can agree with you that trading and learning is the right thing to do, but if we are talking about choosing platforms for this, how about the right choice? If, for example, a beginner wants to copy other people's bets and study, where is the guarantee that he will find the right place for this. I am not saying that the platforms proposed by the article are bad, but it is always difficult for beginners to take the first step, since they will basically fail. But I believe that if you want to learn how to trade, then you will have to enter different platforms, try your hand and learn on the go. I believe that everyone should go through this difficult path, since the most important thing in this is practice.

sapiko1337

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Hi! i just start live streaming some premium indicators trading so if you want you can chek it https://www.twitch.tv/easytradegoat

goldade

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I personally believe that trading by copy-trading veterans traders to make money while studying to learn how to analyze the market by oneself is a great combination. I believe that it's a great source of motivation for every new traders when they are making money with trades.
However, you'd be cheating yourself if because of the money you're making, you stop learning how to trade. I realize that is the case of quite a lot of people who started with copy trading. They, because of the money, ignore the hard fact that they have to actually learn how analyze the market and place these trades by themselves

uelque

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In my opinion, those social trading platforms are not well established and so will surely impose great danger. And at the same time you are putting yourself on a much greater risk because it's a copy trading. Copying trades of someone else is not a good choice because there is always this possibility of them losing their game. It is much better if you first study basic analysis on trading then just do it on your own using well known exchanges rather than doing it easy. Playing easy won't bring you anything, trust me, it is a universal law. Wink

dothebeats

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There are tons of free resources on trading that gives insight on an asset, its current market movement, and the general sentiment of traders towards the said asset. You can copy their position while learning a thing or two on their analyses, for free. Tradingview, for one, gives you some traders' insight on the market and sometimes their position, though the site never really asked for premium membership unless you want the added features.

Anyways, copying someone's trades without really knowing their reasoning on those decisions are kinda useless since you won't understand much about how they came up with that trade in the first place. If you're a beginner trader, spending money on learning is acceptable, though if you can get it for free, why not take that route?

Reid

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I heard about Shrimpy in this forum before but never really tried it.
Etoro is one of the known regarding investing and trading services so there are no questions about that.
They filled a lot of websites with their advertising powers. Grin

Quote from: maniacmusic on March 11, 2021, 07:25:06 AM

“you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”.

It doesn't mean it will be an accurate strategy though.
Your effort is still needed to make the risk lower until almost zero.
Might as well do everything on your own instead of doubting one's work and doing it over again. Grin

virasog

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Quote from: maniacmusic on March 11, 2021, 07:25:06 AM

I came across this article and definately want to share it with you: https://techbullion.com/best-5-crypto-social-trading-platforms/

It's worth reading if you would like to start crypto trading and don’t know from what and where to start.

I haven't gone through the article thoroughly but generally it is better to trade after getting the knowledge. There are many free sources available online where one can learn trading. The sad part is that no one is ready to learn about trading but expect to get good returns in their trades.

TheUltraElite

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So anyway, I applied as a merit source :)

The title is misleading or the OP has been misled.

The word "study" in trading has a much bigger implication than copy trading which is what has been said in the OP. Copy trading is a scam at the most. You pay for being able to see what someone else is doing and then go to market to do the same. But you forget the time advantage that the previous person has already obtained.

Also there is not guarantee that the person you are copying from is a market guru, because nobody is but everyone says they are - Of course another part of the scam.

But this is not the first thread in this forum about copy trading. So newbies reading this should be careful about what they are being fooled into.

crwth

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I don't trust cloud-based platforms knowingly that they can use my information or connection with my exchange to possibly hack it. That's just what I'm worried about. It's okay to try copy-trading but risking a lot of funds while having access to it is quite risky. I would still use a more secure program that wouldn't be installed anywhere but on my computer.

ethereumhunter

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Maybe the title should be "study + trading = great combination" because you cannot trade better without study for the first time. But if that is about copy trade, I am not sure you can profit like a trader you copied as you need to know what that trader does. I prefer to research and trade by myself and not copy trade someone else because that can make us lose money if we do not know how to copy trade better. Maybe you need to have skill and experience in trading, so you know what to do when you want to use copy trade.

rhomelmabini

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I think the title needs to be changed to "Copy Trade + Trade". I don't think this social trading will do most to get some learning really on trading if what they promotes most is copy trading, though I think there are traders that might learn but it's too rare if they get some good foundation just by copying to others, unless a trader was that wise to learn what's been thrown at him on these platforms.

djmixen

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Quote from: maniacmusic on March 11, 2021, 07:25:06 AM

I came across this article and definately want to share it with you: https://techbullion.com/best-5-crypto-social-trading-platforms/

It's worth reading if you would like to start crypto trading and don’t know from what and where to start.

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

I agree with the author's choice. Those platforms are interesting in their own way, and traders of different levels and with different goals can find the right platform.

Coinmatics is a new and fast-growing platform that will be good for beginners since it has a user-friendly UI and intuitive tools. I think almost everyone knows about eToro, and it is the best match for advanced users (just check their multi-functional platform). Zulutrade has a huge education base in addition to forex and copy trading. The fans of cloud-based systems will like Zagnaly and Shrimpy. I am fascinated by this discovery in our crypto world. What do you think about such crypto copy trading platforms? If you ised some of them I want to hear your experince.

What is the connection of your statement to the title in which you had made dude?
I don't see any relevance of it, or I may be wrong or I may be right.
Isn't you are just promoting some platform here? Because, honestly, I am not quite familiar with them actually.

crzy

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Quote from: Kasabus on March 11, 2021, 05:50:24 PM

You are simply promoting them and I don't want to think that you are one of these groups trying to bump their platform and services.
Trade + study = positive result but this only happens when you stop copy/paste trading coz this will never give you the best trading result.
It is much better to have your own strategy than to keep relying on others to work on you. If they lose, you definitely lose also.

OP, I think you should not do this because traders are already know how copy/paste trading give a negative impact on their life.

This is obvious, he’s just promoting this platform and I don’t think that this is a good one.
Having the right knowledge is a must, and once you acquired the skills in trading for sure you can do it alone without paying anyone for a trading signal. If you want to create great combinations, you have to start working on your own and don’t trust anyone easily.

Topic: Trade + study = great combination - page 4. (Read 787 times)