Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Macjaja24 on August 09, 2023, 09:06:38 PM
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Consider the confidence boost you might experience by witnessing experts managing risks in the volatile crypto landscape. It's a chance to see firsthand how professionals navigate the unpredictable terrain, potentially inspiring a new level of assurance in your own trading endeavors.
Picture this: you're embarking on your crypto trading journey, and instead of going it alone, you have the opportunity to follow in the footsteps of experienced traders. It's like having a knowledgeable mentor right there with you, guiding you through the twists and turns of the market.
Imagine being able to replicate the strategies of these seasoned traders in real-time, observing their moves and decisions as they happen. The potential to accelerate your learning curve and gain insights into successful trading techniques becomes a tantalizing prospect.
But does copy trading truly make a difference? Can it provide a shortcut to understanding complex market dynamics and risk management? And how does it compare to traditional trading methods? These are the questions hovering in your mind
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It keeps pondering in my mind how much knowledge one can get from this copy trading. Could this shape your trading approach? Thoughts on copy trading's potential for accelerated learning and balancing expert insights with your own?
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It keeps pondering in my mind how much knowledge one can get from this copy trading. Could this shape your trading approach? Thoughts on copy trading's potential for accelerated learning and balancing expert insights with your own?
You will not get any knowledge if you earn on copytrading, because you just sign up to fully copy this or that trader, and if you did not know it is just as easy to lose money there, some exchanges specially lure such people and then drain their balance to zero, it is not provable, but people who lose money on it is much more than those who teach themselves.
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Copy trading is mainly done by people to make easy money where they do not have much knowledge in this trade. When you start trading depending on others, you won't gain much experience and you won't be well-informed in the future. If you take the advice of copy trading or bot trading then I would say it's a very good venture you won't get experience here. That's why if you start trading with your own knowledge, it will give you good experience in future and you can become a successful trader someday.
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I'm posting based on the topic copy trading looks easy right ;D it's crazy as how beginner traders get their hands on it , later blame everything on scamming people of their funds.
Copy trading is only advisable to professionals who can obviously read the chart of what they are copying .... probably some edits and boom!! They are making progress.
Traders should learn the basics of trading before trying any tool or other shutcuts .
Remember this, Shutout kills more faster
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Copytrading can be suitable for some investors as it allows them to replicate the trading strategies of more experienced traders. However, it comes with risks, including potential losses if the copied trader performs poorly. It's important for investors to thoroughly research and understand the risks involved before engaging in copytrading.
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It keeps pondering in my mind how much knowledge one can get from this copy trading. Could this shape your trading approach? Thoughts on copy trading's potential for accelerated learning and balancing expert insights with your own?
You will not get any knowledge if you earn on copytrading, because you just sign up to fully copy this or that trader, and if you did not know it is just as easy to lose money there, some exchanges specially lure such people and then drain their balance to zero, it is not provable, but people who lose money on it is much more than those who teach themselves.
I agree with you that by doing copytrading we may get less knowledge than we analyze ourselves, because by doing copytrading it is the same as we take it for granted, or in other words we don't know anything and we just follow.
My advice is better to do it yourself, process from scratch, it may take a little long for us to really be able to trade, but it's better than just relying on others, moreover it also does not guarantee us a profit.
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It keeps pondering in my mind how much knowledge one can get from this copy trading. Could this shape your trading approach? Thoughts on copy trading's potential for accelerated learning and balancing expert insights with your own?
You will not get any knowledge if you earn on copytrading, because you just sign up to fully copy this or that trader, and if you did not know it is just as easy to lose money there, some exchanges specially lure such people and then drain their balance to zero, it is not provable, but people who lose money on it is much more than those who teach themselves.
I agree with you that by doing copytrading we may get less knowledge than we analyze ourselves, because by doing copytrading it is the same as we take it for granted, or in other words we don't know anything and we just follow.
My advice is better to do it yourself, process from scratch, it may take a little long for us to really be able to trade, but it's better than just relying on others, moreover it also does not guarantee us a profit.
If your focus is to gain knowledge in trading then don't rely on others through copy trading. If you want to be a good trader, you must trade by yourself and experience the unexpected loses in order to gain necessary knowledge. But it takes a long run to become a good and profitable trader and if you're not ready for it, sometimes it's the reason why you can't get back up. So if you don't matter for the knowledge in trading anymore, or maybe you just don't have time to analyze the market, maybe it's good to join copy-trading.
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The post was made months ago, but still can be applied even in the current year.
But does copy trading truly make a difference? Can it provide a shortcut to understanding complex market dynamics and risk management? And how does it compare to traditional trading methods? These are the questions hovering in your mind
Difference? No.
Nothing will change. No difference will be made. It will not give you knowledge of what's happening with the market. Nothing significant will happen. You will just copy those expert traders, and that's it. You just like "Here's my money. Just continue on trading, and I will just copy you in exchange for some of my profits that I will get in your trade." In copy trading, you aren't working at all. You aren't looking at the charts, but you can still gain profit.
Maybe the difference is the amount of profit that you can get compared to if you are the ones who are trading. It's self-explanatory that the one who does the trade will get more experience than those who are copying. I'm a failure when it comes to trading, so I got curious and tried copy trading on Binace as well. I just tried it for 1 week and got $7 just by copying trades of these experts. It wasn't that much, but that's better since I'm not doing anything.
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I have a friend who has learned a lot about alts, therefore we are people who are always going to look for how to make money, and if you understand a little about the market, it is something that is very valuable to be able to use it and earn money, My friend is a person who I considered a good friend, but he is very selfish, in fact he ended up stealing money in BTC from another friend who was the one who taught him. He has a trading group on Telegram and that caused him to build a large community and He has been doing copy-trading for more than 2 years and the truth is he is always putting in the data of his apgos and what he wins, everything.
I don't know if it's true if he wins or not, but I still don't understand why he charges each of the users who are in his community 30usd to make his signals, and I know that's something I don't understand, I shouldn't do it, but still Things look that way, and not only with him, there are many others who are always looking for a way to make money by offering signals.
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I agree with you that by doing copytrading we may get less knowledge than we analyze ourselves, because by doing copytrading it is the same as we take it for granted, or in other words we don't know anything and we just follow.
My advice is better to do it yourself, process from scratch, it may take a little long for us to really be able to trade, but it's better than just relying on others, moreover it also does not guarantee us a profit.
If your focus is to gain knowledge in trading then don't rely on others through copy trading. If you want to be a good trader, you must trade by yourself and experience the unexpected loses in order to gain necessary knowledge. But it takes a long run to become a good and profitable trader and if you're not ready for it, sometimes it's the reason why you can't get back up. So if you don't matter for the knowledge in trading anymore, or maybe you just don't have time to analyze the market, maybe it's good to join copy-trading.
We will never be hypocritical that our main goal is to make a profit, but the question is how long can we continue to rely on copytrading? Isn't trading with your own strategy better than relying on other people's analysis?
Although our goal is to seek profit, we must not forget that we must also gain knowledge to make us better. And in seeking knowledge, of course, we have to sacrifice everything, including time and others. Trusting the process is better in my opinion.
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In the first words, a big No. In the discussion, some people even call meme coins shit, and just for the sake of profits they do enter memes because in reality, the risk to reward is really worth it if your motive is fast money and you are able to take the potential risk with your funds, you can make a lot of money out of it, but if you are a learner and on the initials steps of your journey and want to go on a long ride then you should be careful with your funds as you can lose them and dear OP for you I have words to say.
Please avoid copy trading and any of such financial shortcuts, because they can give you a potential blow that you won't be able to handle for the next couple of years and this instability will disturb your entire course. But they are sometime profitable, but there is no fun in doing that, you don't get to learn the flow of market, and how things are moving, so you are at zero, but if you are learning and then making trades it is more beneficial and the ROI will be higher also.
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It keeps pondering in my mind how much knowledge one can get from this copy trading. Could this shape your trading approach? Thoughts on copy trading's potential for accelerated learning and balancing expert insights with your own?
You wont really be able to learn up something if you do just simply go into that automated way on trading up with things on which we know that this is something that wouldnt
really be something beneficial if we do speak on tending to learn up trading and since you are just that following then i dont see for it to beneficial for long run
but since noobs doesnt really like the hassle on making up trades then they wont care if they wont really be getting that skill.As long they are making
money or bucks then they wont really care and just sticking on what they are currently experiencing with. 8)
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Copy trading is usually used by beginner traders who don't really understand analysis and trading methods. But we want to get results from trading. So many people prefer to use cop t rading as a useful feature or application to provide space and convenience for novice traders. But of course this also has cons due to the weaknesses of copytrading too. Because not all copytrading can really work safely. Moreover, if we find it difficult to apply it or don't really understand how, then it won't be effective at all.
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It really depends on who you are copying, but in most cases its not really worth it at all. I personally could tell you that if you just look at others on what to do, then we are going to end up with a trouble. I believe that the best thing to do would be just focusing on what could benefit you, which would be making profit by learning how to do it yourself. This way, you would not depend on anyone else, you would be able to do it yourself and then you can call all the shots. If you depend on others, then your hands are tied and you are just forced to do whatever they want to do and that's not a good idea.
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Copy trading is usually used by beginner traders who don't really understand analysis and trading methods. But we want to get results from trading. So many people prefer to use cop t rading as a useful feature or application to provide space and convenience for novice traders. But of course this also has cons due to the weaknesses of copytrading too. Because not all copytrading can really work safely. Moreover, if we find it difficult to apply it or don't really understand how, then it won't be effective at all.
Copy trading is indeed very helpful for those who are still learning on the exchange, but in my opinion copy trading does not provide good efficiency because sometimes cryptocurrency price movements are not as expected and I prefer to do my own analysis, I don't fully use copy trading because it is too risky.
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It keeps pondering in my mind how much knowledge one can get from this copy trading. Could this shape your trading approach? Thoughts on copy trading's potential for accelerated learning and balancing expert insights with your own?
You will not get any knowledge if you earn on copytrading, because you just sign up to fully copy this or that trader, and if you did not know it is just as easy to lose money there, some exchanges specially lure such people and then drain their balance to zero, it is not provable, but people who lose money on it is much more than those who teach themselves.
Copy trading can be a dangerous trap for inexperienced and novice traders and investors, because it really doesn't require any learning or understanding of the market. It becomes very easy for a trader to get caught up in the hype of copy trading and loose money on the process without even realizing what's happening. Rather than depending on other traders to first make a move for you to copy, it's better to take your time to learn and study the market as well as the risks involved before risking your money.
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I saw this particular feature in Binance Exchange and there you can do copy trading with a trader, in that case the trader has to pay you some fee. I think it is better not to trade than to copy trade. You should not do trading unless you learn trading yourself or analyze yourself. Copy trading to others will only make profit, but if they face loss, you will also face loss. So I don't think there is any need to waste money.
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Once upon a time I understood copy trading as just following other traders or group based signals. But now I see that this option has been introduced in various exchanges as copy trading option in which another trader can be directly copied and traded. I find the subject interesting. However, if you want to trade, whether it is copying or trading yourself, you must know yourself, if you do not have the ability to analyze, you are facing losses in both cases.
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Once upon a time I understood copy trading as just following other traders or group based signals. But now I see that this option has been introduced in various exchanges as copy trading option in which another trader can be directly copied and traded. I find the subject interesting. However, if you want to trade, whether it is copying or trading yourself, you must know yourself, if you do not have the ability to analyze, you are facing losses in both cases.
Recently I introduced with copy trading. But I am not well known with copy trading. Without any knowledge two times i trade but i could not understand anything and my fund has been zero.
I think copy trading is interesting concept. But it could not able to right decision all time. So i think in this trade my own research or analyses not possible so it could be Very risky.
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But does copy trading truly make a difference? Can it provide a shortcut to understanding complex market dynamics and risk management? And how does it compare to traditional trading methods? These are the questions hovering in your mind
In my opinion, this is quite helpful. Yes, at least this can help a little, especially when we are not very skilled at doing it.
However, that doesn't mean it's 100% helpful. No, because in any case, copy trading will not be as effective and successful. Especially if we don't understand market analysis and so on.
Because after all, if we hope to become a trader, what we need is to learn and continue to understand how it works, how to analyze and research, as well as how to evaluate each target.
And Copy trading is only one of the stepping stones for us when we first start doing it, by understanding how it works and how it is developed, we really trade with our own analysis.
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Recently I introduced with copy trading. But I am not well known with copy trading. Without any knowledge two times i trade but i could not understand anything and my fund has been zero.
I think copy trading is interesting concept. But it could not able to right decision all time. So i think in this trade my own research or analyses not possible so it could be Very risky.
At least there are still several online media that can be used to learn how to use copy trading so that when you want to use the trading method that way you already understand it and just need to practice, so having the knowledge will be better so you can avoid risks that are all possible.
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But does copy trading truly make a difference? Can it provide a shortcut to understanding complex market dynamics and risk management? And how does it compare to traditional trading methods? These are the questions hovering in your mind
I don't have much experience about CopyTrade because I have never joined a trading platform focused on Copy Trading. I have always used my own efforts to trade on trading platforms. I have done everything from spot trading to futures trading. I have lost myself a lot on trading platforms and today I am succeeding because I lost. If anyone can tell me about copytrading I will definitely accept and thank him as I have no experience with copytrading. But I have seen all exchanges but never seriously.
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Recently I introduced with copy trading. But I am not well known with copy trading. Without any knowledge two times i trade but i could not understand anything and my fund has been zero.
I think copy trading is interesting concept. But it could not able to right decision all time. So i think in this trade my own research or analyses not possible so it could be Very risky.
At least there are still several online media that can be used to learn how to use copy trading so that when you want to use the trading method that way you already understand it and just need to practice, so having the knowledge will be better so you can avoid risks that are all possible.
Many many thank for your advice. I think it will be Very helpful for me. Because i am trying to know about copytrading. I think if i understand and gather knowledge about it i will capable to profit from copy trading.
From some days i am gathering knowledge about copy trading from several source. Mainly i am searching about copy trading from google and YouTube. So from now i will found online newspaper also. I think your information will be Very helpful to me.
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Copy trading is usually used by beginner traders who don't really understand analysis and trading methods. But we want to get results from trading. So many people prefer to use cop t rading as a useful feature or application to provide space and convenience for novice traders. But of course this also has cons due to the weaknesses of copytrading too. Because not all copytrading can really work safely. Moreover, if we find it difficult to apply it or don't really understand how, then it won't be effective at all.
Copy trading is indeed very helpful for those who are still learning on the exchange, but in my opinion copy trading does not provide good efficiency because sometimes cryptocurrency price movements are not as expected and I prefer to do my own analysis, I don't fully use copy trading because it is too risky.
Maximum time copy trading is done by inexperienced traders for easy money, but they are not aware of the trading knowledge required for copy trading. Because if there is knowledge about the market and the trader does not have the knowledge of market analysis, this copy trading will also fail. Many exchanges are now showing the greed of this copy trading and those traders who go for copy trading without proper knowledge make their account zero. So it is important to have good knowledge before doing anything.
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I don't have much experience about CopyTrade because I have never joined a trading platform focused on Copy Trading. I have always used my own efforts to trade on trading platforms. I have done everything from spot trading to futures trading. I have lost myself a lot on trading platforms and today I am succeeding because I lost. If anyone can tell me about copytrading I will definitely accept and thank him as I have no experience with copytrading. But I have seen all exchanges but never seriously.
As the name "Copy Trade" I think, It's just a very risky way because the way is to watch and follow the trading of a broker who is already a professional trader, Of course this will be profitable for the Copy Trade owner because he has bought when the price is cheap and will sell it to make a profit and make those who following could potentially get stuck.
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Different exchanges usually offer copy trading or bot trading or auto invest which makes these features very useful for newbies. Some YouTubers encourage new users, some YouTubers make videos with such features in such a way that it seems that using such features has no chance of losing their capital but only profits. To those of us who want to do this kind of trading with such a mindset, I would say that you need to change your mindset. If you think that you will only profit by trading using this kind of feature, then your idea is wrong, just as the bot will use your capital to make you some profit, it will often be seen that a lot of money is being lost from your capital. So I would say if you have minimal idea about trading then try trading using that minimal idea of yours.
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If your focus is to gain knowledge in trading then don't rely on others through copy trading. If you want to be a good trader, you must trade by yourself and experience the unexpected loses in order to gain necessary knowledge. But it takes a long run to become a good and profitable trader and if you're not ready for it, sometimes it's the reason why you can't get back up. So if you don't matter for the knowledge in trading anymore, or maybe you just don't have time to analyze the market, maybe it's good to join copy-trading.
Yea, you're right. Copy trading can be utilized by other experienced traders because they have at least understand the market and can even readjust some copied trades to fit their own prediction before they can start the trade, while newbies who have no experience or just a little experience will find it very difficult to even understand what they are doing or how the market is going. So, It is more wise for a newbie to learn about trading first before making copy trading a choice.
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- Copy-trading in the crypto industry is just lazy; this is just my opinion. How can you learn if we only rely on getting income from other people (traders)? I can compare copy-trading to a person who is lying under a mango tree and is waiting for the fruit to fall into his mouth when he can reach for it to eat.
So, for me, we are just applying our laziness, lesson and learning to trade in this field of the cryptocurrency business industry, which is actually something that shouldn't be like that because there is still another organic way of earning that we can do in this field.
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Copy trading is usually used by beginner traders who don't really understand analysis and trading methods. But we want to get results from trading. So many people prefer to use cop t rading as a useful feature or application to provide space and convenience for novice traders. But of course this also has cons due to the weaknesses of copytrading too. Because not all copytrading can really work safely. Moreover, if we find it difficult to apply it or don't really understand how, then it won't be effective at all.
Copy trading is indeed very helpful for those who are still learning on the exchange, but in my opinion copy trading does not provide good efficiency because sometimes cryptocurrency price movements are not as expected and I prefer to do my own analysis, I don't fully use copy trading because it is too risky.
Honestly, I can't say if copy trading is really profitable; I'm only sure that it's high risk because if what they choose to copy is wrong from the beginning, that's when the choice is made, and the capital will no longer be lost. You will enter it here, for sure.
Maybe there is a profit that is obtained but is not big for sure, or it can be said that it is just right. Because for me, copy trading is really not advisable for newbies because they will never learn. I think what others are saying is right; it's just the work of the lazy. Imagine you want to make money from trading but you don't want to learn it, and you will rely on someone else's trading strategy. That's why if someone else's strategy is wrong, it's also really wrong.
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Copy trading is indeed very helpful for those who are still learning on the exchange, but in my opinion copy trading does not provide good efficiency because sometimes cryptocurrency price movements are not as expected and I prefer to do my own analysis, I don't fully use copy trading because it is too risky.
Some people are making YouTube videos that they do copy trading and they make money but they do not do it in long term to actually know if copy trading will be good or not. I also do not like copy trading. It makes people to be newbies. Newbie traders are most vulnerable to exhaustion and that should be the reason they should learn about trading.
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I wanted to go and give it a try, honestly it wasn't a bad experience, even while the price went down, someone figured out a way to make money and I can't say that I have enough proof that its bad. I got in, thinking that I would lose money, and when I saw the market down, I thought it would be a loss for me too, and then I checked and it did pretty well, which surprised me, if it did well now, wonder how well it did when the price went up. I still don't like it to be fair, I just don't have the data so far because I made money with it, I will keep using it, to see if it will keep profiting, or was this just one time lucky situation.
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I don't know if it's true if he wins or not, but I still don't understand why he charges each of the users who are in his community 30usd to make his signals, and I know that's something I don't understand, I shouldn't do it, but still Things look that way, and not only with him, there are many others who are always looking for a way to make money by offering signals.
There are many Telegram groups and even in Discord offering signal services for some fees...making them making money not just on trading but also sharing how they trade that can also hopefully make followers realize some profits in trading copying the trading details. I am not a member of any of those groups because I am not so sure if copy trading can be good for me or if the signals they are sharing can really be legit. There are many things a trader should learn first before risking one's money in this profitable industry. I always feel that fear inside of me just thinking about it because I was once a victim of an auto-trading software program that ended me losing some money. I should have better bought BTC with the money I lost and I could already be "rich" today.
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I don't know if it's true if he wins or not, but I still don't understand why he charges each of the users who are in his community 30usd to make his signals, and I know that's something I don't understand, I shouldn't do it, but still Things look that way, and not only with him, there are many others who are always looking for a way to make money by offering signals.
There are many Telegram groups and even in Discord offering signal services for some fees...making them making money not just on trading but also sharing how they trade that can also hopefully make followers realize some profits in trading copying the trading details. I am not a member of any of those groups because I am not so sure if copy trading can be good for me or if the signals they are sharing can really be legit. There are many things a trader should learn first before risking one's money in this profitable industry. I always feel that fear inside of me just thinking about it because I was once a victim of an auto-trading software program that ended me losing some money. I should have better bought BTC with the money I lost and I could already be "rich" today.
Yes, you're right, now what leaves me very surprised is that maybe you spent a lot of money on that, because if you were rich today, wow, it means that you did a lot of operations with high risks, I have that friend, in fact he studied in college. with me and I helped him move on to the most difficult subject at the university, even so, he never offered me to join his group and make his signals, all the time I see that he publishes his signals successfully, where he always has a positive ROI, But after that I found out that the friend we have in common stole approximately 0.8BTC from him, which seemed very bad to me and that friend really needs that money a lot and it's something he regrets.
I don't know, maybe it could be life events, but I know that he understands the Bitcoin market very well, the one he understands very well is the altcoin market and he bets and wins with it, no. I know how he does it, but he is an expert at it, thanks to that part he manages to give signals about altcoins.
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To me copy trading is a 60/40 hoping to achieve one goal also as a real trader wants, though it's useful way to learn about the market potentials and it's not a guarantee way of make profits from the market. Based on the risk Involved, you should never Invest in the amount you can afford to loose. High risk higher reward, low risk lower reward.
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Consider the confidence boost you might experience by witnessing experts managing risks in the volatile crypto landscape. It's a chance to see firsthand how professionals navigate the unpredictable terrain, potentially inspiring a new level of assurance in your own trading endeavors.
Picture this: you're embarking on your crypto trading journey, and instead of going it alone, you have the opportunity to follow in the footsteps of experienced traders. It's like having a knowledgeable mentor right there with you, guiding you through the twists and turns of the market.
Imagine being able to replicate the strategies of these seasoned traders in real-time, observing their moves and decisions as they happen. The potential to accelerate your learning curve and gain insights into successful trading techniques becomes a tantalizing prospect.
But does copy trading truly make a difference? Can it provide a shortcut to understanding complex market dynamics and risk management? And how does it compare to traditional trading methods? These are the questions hovering in your mind
Copy trading is more valuable and has more advantage when it comes to trading. In copy trading you can copy trades from professionals in the hope of making profits. You also get this to your understanding that the past doesn't indicate of the future.
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Copy trading is more valuable and has more advantage when it comes to trading. In copy trading you can copy trades from professionals in the hope of making profits. You also get this to your understanding that the past doesn't indicate of the future.
Don't be too fascinated with copy trading, there comes a point where you will lose your profits due to bad market conditions.
Before you know, copy trading, I have used it and it does not always provide profits.
The past will not show the future, but the past becomes a warning for the future.
You need to do your own analysis and not just rely on copy trading, even if you are a professional.
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Don't be too fascinated with copy trading, there comes a point where you will lose your profits due to bad market conditions.
Before you know, copy trading, I have used it and it does not always provide profits.
The past will not show the future, but the past becomes a warning for the future.
You need to do your own analysis and not just rely on copy trading, even if you are a professional.
Agree, Copy Trading should be used as a supporting material that needs to be studied further. So that studying these movements will give us knowledge about how to analyze cryptocurrency price movements. As long as we are willing to learn something new, we will have the potential to be better than before.
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Don't be too fascinated with copy trading, there comes a point where you will lose your profits due to bad market conditions.
Before you know, copy trading, I have used it and it does not always provide profits.
The past will not show the future, but the past becomes a warning for the future.
You need to do your own analysis and not just rely on copy trading, even if you are a professional.
Agree, Copy Trading should be used as a supporting material that needs to be studied further. So that studying these movements will give us knowledge about how to analyze cryptocurrency price movements. As long as we are willing to learn something new, we will have the potential to be better than before.
I do not accept this. Copy trading will only make someone that wants to become a trader to be lazy, not to learn about trading and he will make the person to lack knowledge as the person will depend on other traders which can even still lose. If you are a copy trader, how will you learn about indicators, analyses and trading strategies. You will not want to learn it until copy trading teach the lesson of loss as the trader he copying failed and lose. That is when the trader will realize that he needs to learn how to trade on his own.
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Don't be too fascinated with copy trading, there comes a point where you will lose your profits due to bad market conditions.
Before you know, copy trading, I have used it and it does not always provide profits.
The past will not show the future, but the past becomes a warning for the future.
You need to do your own analysis and not just rely on copy trading, even if you are a professional.
Agree, Copy Trading should be used as a supporting material that needs to be studied further. So that studying these movements will give us knowledge about how to analyze cryptocurrency price movements. As long as we are willing to learn something new, we will have the potential to be better than before.
- I respect your perception on this matter mate, Because, for me, copy trading is lazy, most of those who enter it do not really study the concept of trading.
Of course, they will only hope that the money will be put in there where they copied the trading so that they can get a profit.
So what will be the materials for those who copied to learn? Also, copying is never good, in my opinion, so how can you learn if you just copy trade? It's just what I see.
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Copy trading is indeed very helpful for those who are still learning on the exchange, but in my opinion copy trading does not provide good efficiency because sometimes cryptocurrency price movements are not as expected and I prefer to do my own analysis, I don't fully use copy trading because it is too risky.
Some people are making YouTube videos that they do copy trading and they make money but they do not do it in long term to actually know if copy trading will be good or not. I also do not like copy trading. It makes people to be newbies. Newbie traders are most vulnerable to exhaustion and that should be the reason they should learn about trading.
You are right. @Charles- Tim, I don't even know why some people, mostly newbies, will sell their minds to copy trading, while the majority of people on social media who are giving trading signals are just deceiving newbies and at the same time monetizing their social media handles with the trading content they post, whereas they themselves are not even trading. Those social media influencers might be earning more money from the content they are posting, and their viewers can be losing a lot of money because they are the ones carrying out the real trade with the fake signals they get online.
Left for me alone, I don't find it necessary to use copy trade; it's better to just carefully learn how to trade.