How copy trading bots can boost your Crypto Profits?

[Gladitorcomeback]

 I have done a lot of research on Copy Trading and the best thing I have found is that choosing the right trader has save you from a lot of losses. I am very expert in how to do copy trading but futures trading which is very high risk trading the biggest risk in it is risk of liquidation of money if we do support trading then must take start from spot trading, we take a coin as it is and then we can wait whether it will go up or not.while on the other hand in copy trading you have to reach this level, you may liquidate, which is the biggest risk of losing all your money, so I recommend this spot trading first.if whenever I need copy trader I will choose a copy trader who doesn't waste my deposit and gives me a good percentage and I will search his portfolio, as well as all his previous trades, to see if I can get the next one. I can't lose and I can gain but it's just a matter of luck if the market retires as it is then during this system I should avoid this trading which is not good at all.

[Carbitcoin]

It sounds very tempting and attractive.  After all, you can earn money without having trading skills.  Of course, copy trading, like regular trading, involves risks.  However, given that you know the trading history of the trader you want to copy, you are taking what can be called a “conscious risk.”

[jeraldskie11]

Those who desire to trade but do not have the time should consider copy trading. You may know how to evaluate the market, but due to your busy schedule, trading is difficult, thus copy trading is the key. Even people who are not profitable traders can benefit from the exchange's copy trading features if they know how to pick the best master trader and have a specific requirement for doing so.

[Hamza2424]

TBH, this topic has been one of the most recurrently discussed topics on the Bitcointalk forum a few years back and I won't hesitate to still stick to my views as always. I cant risk my funds for the sake of profits, no matter how skilled the trader is. Copy trading is one of the most discouraging futures for new traders to try out their skills in the market.

Success comes after failure and I believe in the self-trading strategy, Copy trading may help you to gain instant profits in a short time but it's not the solution and I've seen many incidents where people lost their assets and took an exit from the market. Why I think you are also aware of the risks involved for the trades that are being executed by the person whom you are following.

[Mr. Magkaisa]

It sounds very tempting and attractive.  After all, you can earn money without having trading skills.  Of course, copy trading, like regular trading, involves risks.  However, given that you know the trading history of the trader you want to copy, you are taking what can be called a “conscious risk.”

       - Others are just hyped because other influencers are promoting copy-trading bots. Because they trusted in influencers, they will try to use copy trading on an exchange that has it, even though no research has been done that should have been done that way.

That's why the natural way of doing trading activity is still better. It is difficult to entrust the capital we have to enter an exchange in a copy trade, and most of the copy trading does not maintain the profit in that way, as happened in the copy trading in Bybit.

[doc]

That's why the natural way of doing trading activity is still better. It is difficult to entrust the capital we have to enter an exchange in a copy trade, and most of the copy trading does not maintain the profit in that way, as happened in the copy trading in Bybit.

I agree with you, natural way of doing  trading activity is still better. I also don't believe trading bots will make us always gain profit. Trading needs experience and good analyze. We have to manage our emotions and have good skill.
I'm not a professional trader, but I have done trader more 7 years.

[BitMaxz]

Copy trading is pretty risky you shouldn't trust the copy bot or someone and copy their trading strategy you better learn to trade with yourself and study the market and learn to do FA and TA once you learn them you can use and improve the strategies you learn that you can use in bots and apply the strategies you learn from FA and TA  that way is better than giving your investment to not 100% sure that you can actually make a good profit.

Yes it saves you time to speculate but you are not 100% sure that the one you copy will make you profit compared to analyzing the market with yourself.

[Faisal2202]

Anyway it's up to you guys, like what do you think of copy trading bots? Are you willing to try them?

So basically copy trading bots are same as copy trading because many exchanges allow us to do copy trading and we just have to follow them and set some ROI with capital and risk and the rest will be managed by the bots. I haven't really tried copy trading yet, but I follow one dude who is from my country and a Youtuber as well, his name is P4Provider I used to see him and also follow his signals. But with time I realize he is not a good influencer. Well, the point is, that he is also followed by many traders who used his profile to copy on Binance.

And guess what, people lost their assets and he said, I already gave the disclaimer to people to join my on there risk and now you can't blame me for the lose. I then realize following other's strategy is not a good thing because that why you won't be learning anything and even to decide which trader to choose you need expertise in the field otherwise you will also end up as the follower of P4providers.

[UNIVERSE]

I've used it, but unfortunately it's the FREE one, not the PAID one. So, you definitely know the results. Indeed, sometimes this is quite helpful for us when we are not able to trade on the spot. And it can help us in analyzing what needs to be done. However, in fact it is not that effective and efficient. If we can't combine it with good tactics, it will be useless if we just rely on AI trading bots to do it.

if it is VIP or paid trading bots with very excellent quality, it could be helpful. especially for apra day traders. However, you still need to have more ability in trading to optimize it. And again, there is no 100% guarantee that it will always provide the profits we expect.

[Dr.Bitcoin_Strange]

I don't recommend newbies who just started trading for the first time to use a trading bot or copy trading because it doesn't also guarantee a successful and profitable trade at all times. Even while copying a trade, you will still get a warning message that urges you to agree with the policy of getting liquidated as well.

Any experienced trader who wishes to use trading AI and finds it to be very profitable should not have a problem using it, but for newbies who don't have experience yet with trading, it's not wise enough to just start using the copy trade.

[taufik123]

It sounds very tempting and attractive.  After all, you can earn money without having trading skills.  Of course, copy trading, like regular trading, involves risks.  However, given that you know the trading history of the trader you want to copy, you are taking what can be called a “conscious risk.”

Risks that are deliberate and with no trading knowledge at all, somehow people always take risks that he is not good at.
They think copy trading is very easy to do, even some people can't set up copy trading, and it doesn't run optimally, let alone choosing a good trader for copy trading is also not easy.

I don't know why people always want to get instant profits without the hassle of manual trading,
even though the risk is also greater and there will be no development from yourself.

[de_prof]

I don't know why people always want to get instant profits without the hassle of manual trading,
even though the risk is also greater and there will be no development from yourself.

We should learn about manual trading, it will need along time to do. But we can gain experience and skill.
Several people say trading bots can boost the trading profit, But I didn't learn about this bots.
Unfortunately I still believe in manual and own analysis.

[taufik123]

We should learn about manual trading, it will need along time to do. But we can gain experience and skill.
Several people say trading bots can boost the trading profit, But I didn't learn about this bots.
Unfortunately I still believe in manual and own analysis.

Manual trading must be trade-based so that when someone wants to develop their trading knowledge,
it will not be confusing because they already have a good trading basic.

When someone wants to use a trading bot, it still requires the ability or understanding of trading in general,
because there are several settings and strategies that need to be done.
Not just setting bots and abandoned,

[IvugeoEvolutionCoin]

We should learn about manual trading, it will need along time to do. But we can gain experience and skill.
Several people say trading bots can boost the trading profit, But I didn't learn about this bots.
Unfortunately I still believe in manual and own analysis.

In my opinion, manual trading will be safer than using automatic trading or bots. With manual trading or traditional trading methods, when you want to buy or sell, it depends on the analysis you do, so when you want to trade with this method, you should already know the right way to enter. and buy coins, and know the right time to sell and withdraw profits.
 
 
 

[KryptoBull]

Copy trading is pretty risky you shouldn't trust the copy bot or someone and copy their trading strategy you better learn to trade with yourself and study the market and learn to do FA and TA once you learn them you can use and improve the strategies you learn that you can use in bots and apply the strategies you learn from FA and TA  that way is better than giving your investment to not 100% sure that you can actually make a good profit.

Yes it saves you time to speculate but you are not 100% sure that the one you copy will make you profit compared to analyzing the market with yourself.

I think everything has two sides: benefits and risks.
The benefit of copy-trading is simplicity, it's easy to find an experienced trader and benefit from their success.
The risk is that investors become dependent on copy-trade and cannot manage their own investments effectively.

I have seen both profits and losses from people using copy-trade. I think participating in copy-trade is just an option, we should not put all our capital into copy-trader. In my opinion: maximum 10% of capital for copy-trade!

I don't use copy-trade, I DCA Btc and hold!