Copytrading suitable?

[pacar_tiri]

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.

[Dr.Bitcoin_Strange]

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.

[Crypto Library]

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.

[|MINER|]

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.

[kulkhan]

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.

[vegasus]

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.

[pacar_tiri]

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.

[Primo1760]

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.

[kulkhan]

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.

[ScamViruS]

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.

[TopT3ns]

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.

[Litzki1990]

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.

[Dr.Bitcoin_Strange]

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.

[Mr. Magkaisa]

          -    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.

[gunhell16]

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.