Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Muhammad Bashir on August 02, 2023, 02:35:30 AM
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Looking at the increased technicalities in mastering trading techniques and also the overall sentiments/trends of the crypto markets right now, do you think a lot of people will prefer to trade via copy-trading?
Do you think a lot of people now think it's safer and more profitable relying on a professional traders running the trade for them?
Share your thoughts!!
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The idea that one has just to provide the capital and then someone or the system can be working for him to do the trading is a very attractive proposition but there will always be risks involved and one has to be careful especially a new one on this arena.
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Many trading platforms are developing copy-trade but I don't trust it. Simple: victory is not for the masses. Some traders are really talented but to find them and trade like them is not easy. Self-study and learning to trade is the better way, traders should master the skills to survive on their own in this market.
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I think that it has become one of the less affordable options for users, which does not mean that the practicality of being displayed on advertisements is guaranteed. So no from that.
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Many trading platforms are developing copy-trade but I don't trust it. Simple: victory is not for the masses. Some traders are really talented but to find them and trade like them is not easy. Self-study and learning to trade is the better way, traders should master the skills to survive on their own in this market.
majority of the traders will not rely one someone else trade not because they don't trust the copy-trade system. but traders trust their own analysis of the market. this copy-trading technology already exist long time in forex market before it arrived in crypto platforms. the forex traders also doesn't trust each other's trade.
maybe people in that market are just trying to scam new users who wants to copy trade thinking they could make money without even learning how to trade. unfortunately a lot o them lost money.
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Many trading platforms are developing copy-trade but I don't trust it. Simple: victory is not for the masses. Some traders are really talented but to find them and trade like them is not easy. Self-study and learning to trade is the better way, traders should master the skills to survive on their own in this market.
Yes, I have also seen offers of this kind on different exchanges, but this is more of a temporary PR campaign that ends over time and then, at best, you will have to pay for signals. Therefore, I think this is a dead end.The only option for beginners, so as not to bother themselves and not to learn new things, is to give the funds to trust management under certain conditions; in principle, this scheme is not new and has been tested quite well.
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Looking at the increased technicalities in mastering trading techniques and also the overall sentiments/trends of the crypto markets right now, do you think a lot of people will prefer to trade via copy-trading?
Do you think a lot of people now think it's safer and more profitable relying on a professional traders running the trade for them?
Share your thoughts!!
Yea its trending now. There is also option added up on Binance. And I have also seen that some people are doing some profit by doing these kinds of copy trade. In the beginning I thought only following others and doing trading is the copy-trading but finance make the concept change.
Anyway, it is true that there can be gain some profit by doing copytrade but remind that also professional traders are also faced loss some times they are not in always profit. So before doing copy-trade you have remind it that you can also face loss in this way. So it is your money profit will be also yours , and the loss will be also yours.
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Many trading platforms are developing copy-trade but I don't trust it. Simple: victory is not for the masses. Some traders are really talented but to find them and trade like them is not easy. Self-study and learning to trade is the better way, traders should master the skills to survive on their own in this market.
and also what would a trader learn from this when he kept copying trades of others? i believe that there are chances that we will learn our own ways to earn in trading specially when we are ready to face our own faith than just copying .
Many trading platforms are developing copy-trade but I don't trust it. Simple: victory is not for the masses. Some traders are really talented but to find them and trade like them is not easy. Self-study and learning to trade is the better way, traders should master the skills to survive on their own in this market.
Yes, I have also seen offers of this kind on different exchanges, but this is more of a temporary PR campaign that ends over time and then, at best, you will have to pay for signals. Therefore, I think this is a dead end.The only option for beginners, so as not to bother themselves and not to learn new things, is to give the funds to trust management under certain conditions; in principle, this scheme is not new and has been tested quite well.
in the end? people must learn their own trading strategy than just doing such .
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Do you think a lot of people now think it's safer and more profitable relying on a professional traders running the trade for them?
There is only one way to be a good trader, that is when you start to learn about trading, have experience and continue to have more knowledge about trading. Even if you want to do copy trading, it is better you still have trading knowledge. But it is worth knowing that trading is risk and that is why small amount of money is good for it. The person you are even copying might be losing and that means that you are also losing at the time.
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Looking at the increased technicalities in mastering trading techniques and also the overall sentiments/trends of the crypto markets right now, do you think a lot of people will prefer to trade via copy-trading?
Do you think a lot of people now think it's safer and more profitable relying on a professional traders running the trade for them?
Share your thoughts!!
Honestly speaking, I don't believe in and have no trust in copy trading. That's just a lazy person who doesn't want to learn to trade just for my opinion. Then you entrust your capital to someone who will grow your money, but you are not sure if it will really grow.
Then, if it's really true that copy trading makes a lot of money, I hope all the traders today are only doing copy trading. Also before the exchanges existed without copy trading features.
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Honestly speaking, I don't believe in and have no trust in copy trading. That's just a lazy person who doesn't want to learn to trade just for my opinion. Then you entrust your capital to someone who will grow your money, but you are not sure if it will really grow.
Then, if it's really true that copy trading makes a lot of money, I hope all the traders today are only doing copy trading. Also before the exchanges existed without copy trading features.
I completely agree with that because I also believe that a person should learn to trade themselves instead of relying on the services of someone else in the market because you can't rely on such things forever, and eventually, you will have to do manual trading and at that time, you will face a lot of problems. So it's better if a person starts learning from the beginning so that they can master the craft.
People who you follow in a copy-trading service are not perfect, even they can make mistakes and they can have good and bad days or profitable and lossful trading streaks, and if that happens, you are going to have the same thing. So it's not like copy-trading is always profitable.
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Yes, if there are lessons that can be taken from copy trading activities, I think it is still worth doing. But if copy trading only makes you feel spoiled and stifles your creativity in applying strategies or making decisions, it's a good idea to start avoiding it slowly. I know that the technicalities of copy trading are very easy and you don't even need to think hard, because professionals are the ones who think about the decisions... but if this becomes a habit, dependency is not a good thing.
I'm afraid that one day you join a copy trading service with expensive fees but you can't make big profits at all. Addiction is very dangerous. You can copy trades, but understand your limits.
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Well I don't much idea over copy trading but with the information I have red across both forum I came to understand that copy trade is the worth trading a trader could get involved himself because, to whatever that come of those you are copying so it's to you. If they lose you also lose and If they emptied their account your account gets emptied immediately and you can't hold anyone responsible for the lost. As trader you need to develop your own personal strategies to trade on than relying on someone to control your trading.
This is a choice based trading if you think the trader you are copying is pretty much perfect with his or her trading then you can ahead copying that person but you must fund your account according to your risk level. Meaning you should only trade with the amount you can afford to lose than trading with amount much higher for you to lose.