Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Bobcrypto on November 27, 2024, 08:31:11 AM
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As a trader very familiar with spot, margin and future trading options, i have been hearing of copy trading but i have not started trading this option because it sounds new to me and but i like to learn more ways to earn besides the areas of my experience.
For instance, on the sport and margin trading options, with my experiences, i have been doing well, but very little on future. The benefit of these trading options can't be over emphasized. Spots trading is ideal for immediate market exposure, while on the margin options, you are able to leverage your capital to earn bigger returns when price rises, though not without some risk too.
Now, what are the benefits of Copy trading and the risks?
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Copy trading will give you the false sense of making money. But you can try it and make or lose money instead.
If a trader that you copied is making money already, that does not mean you will make money. It depends on the time that you copied the trader. Assuming the trader is having 200% profit already and you copied him. If the 200% profit reduces to 100% profit, that means you are having 50% losses.
You can copy someone and the person can be losing.
Copy trading will make you lazy and not learn trading yourself.
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Copy trading offers an easy and convenient option for individuals who want to earn from trading without investing significant time in learning about how the market works. While it may seem like an easy shortcut, it is not an ideal method for traders who aim to achieve long-term success. Copying the trades of experienced traders does not guarantee consistent profits. If the copied trader makes poor decisions, those following them will also face similar losses.
For anyone who wish to build a career in trading, it is far more beneficial to invest time and effort into learning the necessary skills and knowledge. By understanding the market, traders can take decisions by themselves and take control of their success rather than relying heavily on others.
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Now, what are the benefits of Copy trading and the risks?
Benefits:
1. You will have a chance to earn money without doing the actual trading.
Risks:
1. You might end up losing your money if the lead trader you copied lose their money as well.
I've tried copy-trading once, and I will not forget it. I doubled my money at that time thanks to his trades until it came to a point where he went all in on a single trade and went south since he made the position, and I lost all of my money at that time. My mistake was, I didn't put a stop-loss. That doesn't stop me though from doing copy-trading, and I've been doing it for a month already. Luckily, I doubled my money already but I'm more cautious right now because I already withdraw my initial capital, and I also have a stop-loss just in case (at around 50%).
Copy-trading still has risk, and for me, trading yourself would be better because you will have more control over your trading funds.
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From the experience enlisted so far, it sounds very clear that copy trading poses more risks than other trading options like sport and margin trading. If trading with the experts idea will lead to heavy losses, i think it will be better to stick with the best options that will significantly reduce emotions and upgrades my knowledge on the other trading options.
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Copy trading is nothing but replication of exact trade execution of someone else who you or the platform consider as successful ones. I never tried copy trading and also not read genuine feedbacks from users who said it's profitable.
So it's better to stay away from it, spot trading with stop loss is the best kind of existing types so you will be the ultimate decision maker.
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As a trader very familiar with spot, margin and future trading options, i have been hearing of copy trading but i have not started trading this option because it sounds new to me and but i like to learn more ways to earn besides the areas of my experience.
For instance, on the sport and margin trading options, with my experiences, i have been doing well, but very little on future. The benefit of these trading options can't be over emphasized. Spots trading is ideal for immediate market exposure, while on the margin options, you are able to leverage your capital to earn bigger returns when price rises, though not without some risk too.
Now, what are the benefits of Copy trading and the risks?
I believe that you could express a best comment in your post. So i am also agree with your excellent comment. We also know that trading is one of the best profitable source in cryptocurrency market. I think that we could be increase our profit for doing trading. But we must be understand in cryptocurrency market and cryptocurrency trading. Because without knowledge in cryptocurrency trade, we must be face losses in cryptocurrency market. So if we understand to trading, we must be benefit from crypto currency market.
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From the experience enlisted so far, it sounds very clear that copy trading poses more risks than other trading options like sport and margin trading. If trading with the experts idea will lead to heavy losses, i think it will be better to stick with the best options that will significantly reduce emotions and upgrades my knowledge on the other trading options.
Copy-trading has been a very hot topic of discussion during the bullrun as everyone sees many other traders making huge profits and they can automatically copy those strategies to generate profits for themselves. Many people believe that they can find a professional trader and then take advantage of his experience and ability.
The problem is that not all such strategies generate profits because everyone financial position is different, resulting in our risk tolerance levels being different. Many of my friends love and use copy-trading but they still experience losses even though they have chosen a fairly successful trader to follow.
One thing that makes copy-trading not for everyone: the majority need to lose in order to generate huge profits for the minority in this market. We cannot all copy trade together and then become rich together.
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As a trader very familiar with spot, margin and future trading options, i have been hearing of copy trading but i have not started trading this option because it sounds new to me and but i like to learn more ways to earn besides the areas of my experience.
For instance, on the sport and margin trading options, with my experiences, i have been doing well, but very little on future. The benefit of these trading options can't be over emphasized. Spots trading is ideal for immediate market exposure, while on the margin options, you are able to leverage your capital to earn bigger returns when price rises, though not without some risk too.
Now, what are the benefits of Copy trading and the risks?
The only benefit of copy trading is that you can trade without any of your analysis knowledge.
But it doesn't mean that you will have only the profit on every trade of that trader you will follow for copy trading. So here the way you have gain some profit with zero analysis skill the same way you have the chances to loss all of your funds at once. Like if we saw the leaderboard for copy trading then we will saw lots of trader but we would also saw that like one week before a trader have 100% profit he is on loss in this week.
So before make investment on there by copy trading we all have to gain some knowledge about the copy trading.
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Now, what are the benefits of Copy trading and the risks?
The benefits lie in the profit someone can make while learning to trade, which is very enticing for people who are in a hurry to start profiting from trading or the greedy, but the risk lies in the place that someone can become so dependent on the trade of others that they forget the importance of learning to trade on their own, which should be the goal.
New traders should focus on mastering the skill of trading on their own so others can copy them, not them copying others.
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Never tried to do copy trading. I do usually analyze the market on my own instead of copying others trade. I watch some YouTube videos who using copy trading.
Some of them get positive results, while others lose all of their investment by using copied trading. I am not against to copy trading; if you do not want to analyze the price action of the coin, you can simply copy someone else's trading style; however, you should keep in mind that you must check their performance and risk tolerance while trading because if you do not review his trading history, you may copy a risky trade and lose all of your capital.
The benefits of copying the trade are that you don't need to analyze the market and set how much you are willing to risk for every order. Unlike on bots, it has a level where to buy and where to sell. Copying trades came from a real trader, and they are the ones who will decide where they are going to put their entry and stop-loss.
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The benefits of copy trading is as the same way the disadvantages in doing it, mostly this is an idea to adopt for the sake of newbies who could have time or the capacity of trading in full for themself, instead, they are going to rely on a pro who is experienced in trading to help them cover up for the requirements needed and perform the trade for them, make the signals as well as engage in doing other analysis to make sure that the trade is a successful one, but if the whole attempts failed, everyone will be loosing as well.
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As a trader very familiar with spot, margin and future trading options, i have been hearing of copy trading but i have not started trading this option because it sounds new to me and but i like to learn more ways to earn besides the areas of my experience.
For instance, on the sport and margin trading options, with my experiences, i have been doing well, but very little on future. The benefit of these trading options can't be over emphasized. Spots trading is ideal for immediate market exposure, while on the margin options, you are able to leverage your capital to earn bigger returns when price rises, though not without some risk too.
Now, what are the benefits of Copy trading and the risks?
Copy trading is like giving away your wallet to the exchange and allocate funds to someone and he will do the trade for you whatever profit he will make you make and whatever loss he make you make but he will take commission on every profit too. And not to mention the whole thing works on depending on the other party.
You have to trust the other party. They can make bad trades and can lose you money. I think if you are experienced enough you don't want to be giving your money to someone to trade with them. I won't do that, instead, there were many influencers who took wrong trades don't know why but their followers got rekt and you can't do a thing about it after.
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I just heard about this, sir, that there is also something called copy trading, but if you think about it, the name copy trading sounds very bad because the name copy is like copying something that is not ours, it's not that it's very bad, sir... it's just my opinion, maybe if I try what you said first, I can correct all of this later.
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I just heard about this, sir, that there is also something called copy trading, but if you think about it, the name copy trading sounds very bad because the name copy is like copying something that is not ours, it's not that it's very bad, sir... it's just my opinion, maybe if I try what you said first, I can correct all of this later.
I don't think it's bad just because you copy somebody. It's not like you're plagiarizing his paper or something similar. You just copy his trading activity, and the risk is still yours. You can't really blame him if he made bad calls, it's not like he's intentionally trying to drag you down. Sure, some of them will do that but a good platform would put a mechanism in place so that bad traders will get less visibility/promotion, etc that discourages them from making bad calls. It's still not going to magically make you a millionaire though.
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How are we able to make sure the traders to copy are making good trades that we trust his actions?
I heard of copy trading as well but I got no interest in copying because I have not heard of people becoming very successful in making money by copying trades. This could just be the same as those copy bets on casinos. We are also unsure whether they are really profitable.
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Many use copytrading as an instant way to trade in a safe way, but with the caveat that the person being copied must be a truly professional trader and some settings are also needed to adjust to the capital you have.
The top exchanges have also embedded Copy Trading Bots to make it easier to trade by looking at the percentage of people who can be associated with copy trading.
Now the risk of copy trading is also a thing that needs to be known, if you use copy trading, a person will become dependent on other people's trades and cannot develop their trading knowledge. The risk of losing capital will definitely occur if the trader does not focus on trading when the market is not good and some additional fees for copy trading on the exchange platform and fees will be adjusted.
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As a trader very familiar with spot, margin and future trading options, i have been hearing of copy trading but i have not started trading this option because it sounds new to me and but i like to learn more ways to earn besides the areas of my experience.
For instance, on the sport and margin trading options, with my experiences, i have been doing well, but very little on future. The benefit of these trading options can't be over emphasized. Spots trading is ideal for immediate market exposure, while on the margin options, you are able to leverage your capital to earn bigger returns when price rises, though not without some risk too.
Now, what are the benefits of Copy trading and the risks?
- Some say that those who participate in copy trading are just lazy traders who expect profit from other traders. As for me, it probably depends on the choice of individuals. That's just my opinion.
Now, what is the risk here? What I see in individuals who copy trade other traders is that they are not honest because they will still make it appear that their percentage in copy trading is high even though it is not really so, though there are some who are still really high but the majority are not really so.
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- Some say that those who participate in copy trading are just lazy traders who expect profit from other traders. As for me, it probably depends on the choice of individuals. That's just my opinion.
Now, what is the risk here? What I see in individuals who copy trade other traders is that they are not honest because they will still make it appear that their percentage in copy trading is high even though it is not really so, though there are some who are still really high but the majority are not really so.
What do you mean? Are they manipulating their trading stats? Or do you mean that the numbers of traders who copy his trade?
I saw some stats that have many copiers; I usually prefer to choose them because their trading stats is better even though if they have losses; the risk is pretty low compared to other traders who use high leverage.
Well, we have different ways to check their trading stats, but it's a plus to me that they got lots of followers or many people copying his trade it means to me that his trading style is good it's just my own way how to check the stats.
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As a trader very familiar with spot, margin and future trading options, i have been hearing of copy trading but i have not started trading this option because it sounds new to me and but i like to learn more ways to earn besides the areas of my experience.
For instance, on the sport and margin trading options, with my experiences, i have been doing well, but very little on future. The benefit of these trading options can't be over emphasized. Spots trading is ideal for immediate market exposure, while on the margin options, you are able to leverage your capital to earn bigger returns when price rises, though not without some risk too.
Now, what are the benefits of Copy trading and the risks?
Copy trading has lots of benefits like if you are busy and don't have time to do the analysis or even make the trades but have money that you don't fear to lose then you can copy trade. I assume you already knew what is copy trading and want to know from experienced that's good to do research before doing it.
Copy trading is not recommended by many because you will be following someone and that person if make lose you will make lose. You have to extra careful in chosing that person and there are many exchanges which give risk measure feature like how much risk you want to take.
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Copy trading is nothing but replication of exact trade execution of someone else who you or the platform consider as successful ones. I never tried copy trading and also not read genuine feedbacks from users who said it's profitable.
So it's better to stay away from it, spot trading with stop loss is the best kind of existing types so you will be the ultimate decision maker.
I thik copy trading is very popular but i have no experience about copy trade. Many people profited from copy trade i know. But it is risky i think. I believe normal spot trade best. Who will experienced about trade and getter knowledge about trading he will be successful in trading.
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i have not tried it myself as well. i would like to try if there are just active threads about which people to copy. it would be fun to see reputation of those guys and convince people to copy their trades in the platform.
if a trader benefits being his trades going to be copied by someone else and then he can get percentage of the win by that someone who copied him, would you also allow people to show your traders and let them copy?
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Copy trading is basically a trading system where the user does not have to trade himself. Basically those who can't trade or have been trading for a long time but can't make good profit, then you can copy a good trader if you want. You only need the trading account of the person you want to copy trades and how he trades. Then what pairs do you trade, what kind of risk do you take and what is the profit ratio? Trade in any currency pair etc. to know all the issues and get detailed idea about it.
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Now, what are the benefits of Copy trading and the risks?
i have never heard of the term copy trading before this so i was confused what it meant but it literally means its name you copy someone else which i have always discouraged because no trader is 100% sure about anything and you are also just following them into uncertainty though with an educated guess
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Copy trading is nothing but replication of exact trade execution of someone else who you or the platform consider as successful ones. I never tried copy trading and also not read genuine feedbacks from users who said it's profitable.
So it's better to stay away from it, spot trading with stop loss is the best kind of existing types so you will be the ultimate decision maker.
When I tried copy-trading for the first time, I also had a bad experience about it because I lost my entire capital copying a lead trader. A month ago, I tried to copy-trade somebody that I followed on Twitter for quite some time because of his analysis. He made a huge amount of money trading on Bybit already, but when he traded on Binance, that's the time where I copied him and luckily, I doubled my money by copying him. I will not share the name of the lead trader as it sounds like I'm advertising him, but the point is, there are some who are profiting just by copy-trading, but it's still a matter of how good the lead trader is.
If you're a newbie, I would agree with you that you should avoid doing copy-trading because of the potential risks. As for spot trading, the profits are still there, but if you want more profit, futures trading is always at the top of it.
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As a trader very familiar with spot, margin and future trading options, i have been hearing of copy trading but i have not started trading this option because it sounds new to me and but i like to learn more ways to earn besides the areas of my experience.
For instance, on the sport and margin trading options, with my experiences, i have been doing well, but very little on future. The benefit of these trading options can't be over emphasized. Spots trading is ideal for immediate market exposure, while on the margin options, you are able to leverage your capital to earn bigger returns when price rises, though not without some risk too.
Now, what are the benefits of Copy trading and the risks?
Ideally,I really do find it funny that people who risk their capital into trading would go ahead following other people paid out investment plans .
Apparently,I personally prefer to lay my own trading plans myself or with the help of investors I'm confident with, and still after that I make sure to revise this paid down investment plans.I think while investing, it's not completely wrong to peek in other investors decisions which you may find trusted and approved ,but I think that after that,sir down and analyse this ideas to avoid putting your loss on someone elses head or to avoid regrets and all.
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For me, the benefits of copy trading is that you can save more time because you don't have to analyze the market. You just only copy the trades of a master trader. If you are a busy person and have money to trade then it's good for you but the concern is that you didn't really know which trader is profitable, some of them are just faking so that they can maintain their good PnL and win rate but gradually drain your funds. But just like what I've said, the beauty of copy trading is that you don't have to analyze the market, just copy and trader, and it's far different from the bots.
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I just heard about this, sir, that there is also something called copy trading, but if you think about it, the name copy trading sounds very bad because the name copy is like copying something that is not ours, it's not that it's very bad, sir... it's just my opinion, maybe if I try what you said first, I can correct all of this later.
Just like me, I also just heard this term. However, if you read the comments of friends above, copy trading means trading by imitating or copying other people's trades. Here it can be said as the main trader, actually we can also do this as long as the Main trader is a professional trader who is experienced. what we need to remember is that nothing is easy in crypto trading, everything has the same risk.
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I just heard about this, sir, that there is also something called copy trading, but if you think about it, the name copy trading sounds very bad because the name copy is like copying something that is not ours, it's not that it's very bad, sir... it's just my opinion, maybe if I try what you said first, I can correct all of this later.
Just like me, I also just heard this term. However, if you read the comments of friends above, copy trading means trading by imitating or copying other people's trades. Here it can be said as the main trader, actually we can also do this as long as the Main trader is a professional trader who is experienced. what we need to remember is that nothing is easy in crypto trading, everything has the same risk.
honestly I have been trading for a long time but never done copy trading. because I believe more in my own analysis and strategy, because if I experience failure or defeat in trading I can analyze where my mistakes are and I will fix them.
Maybe there are friends who do copy trading, but the risk is in each of us.
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Just because a trader copies each and every step of a professional trader who has been successful in their business doesn't mean that they will also become a successful trader. I strongly suggest that you find your own way to learn more about trading. This will enable you to acquire sufficient knowledge, develop your skills and experience, and become a professional trader in your own right. By doing so, you'll earn the admiration and respect of others, who may even aspire to follow in your footsteps.
But some people think that trading will become much easier for them if they are copy trading, and they will not waste their time and energy on struggling for researching and analyzing the markets. Copy trading can be a useful learning tool, but it's crucial to understand the underlying strategies and market analysis. Blindly copying trades without comprehension can lead to significant losses.
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Copy trading is not recommended by many because you will be following someone and that person if make lose you will make lose. You have to extra careful in chosing that person and there are many exchanges which give risk measure feature like how much risk you want to take.
That is the main thing to follow, knowing who you can trust with any amount of money to do the same thing they do, I personally think that things are very different when it comes to trading because we should get used to trading with our own method, if you lose, well it doesn't matter, in trading you lose too, but things have to be done that way until you learn, if we depend on copy trading it's like crossing an avenue blindfolded, you don't learn, things like trading take a lot of learning and with as much time as necessary.
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Copy trading is a hot topic these days. It has as many risks as it has benefits. In case of copy trading, not only if you copy someone's trading, your fund will automatically trade according to his trading. You don't have to do anything in this case. But if the person you follow makes a wrong trade then you will lose. And in this case you will not be able to learn anything good about trading and even if you understand something according to the market movement, you will not be able to control your fund until you unfollow him. So there remains a lot of risk in this case. This is why I refrain from copy trading
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Copy trading is a hot topic these days. It has as many risks as it has benefits. In case of copy trading, not only if you copy someone's trading, your fund will automatically trade according to his trading. You don't have to do anything in this case. But if the person you follow makes a wrong trade then you will lose. And in this case you will not be able to learn anything good about trading and even if you understand something according to the market movement, you will not be able to control your fund until you unfollow him. So there remains a lot of risk in this case. This is why I refrain from copy trading
It is better to do your own trade, by making your own analysis to develop strategies and ordered the market. By always focusing and learning to get knowledge in trade we will be able to trade well. Meanwhile, if you only copy trading, not necessarily the mentor is always true. If it is wrong in composing our strategy of our money.
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Copy trading has both he good and the bad side of it, when we are into copy trading, then we are going to solely depend on a professional trader to perform all the analysis for us and make trades, all we are to do is for us to join on his own trade and copy it, when we do so, we both turned to be the same investors and have the same chances for losing or wining a trade as the case may be.
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Copy trading has both he good and the bad side of it, when we are into copy trading, then we are going to solely depend on a professional trader to perform all the analysis for us and make trades, all we are to do is for us to join on his own trade and copy it, when we do so, we both turned to be the same investors and have the same chances for losing or wining a trade as the case may be.
I have never tried copy trading, but if there are professional traders who want to share their trading strategies, of course I will be happy to follow and learn them. But we have to be careful whether they really share sincerely or only a small part of it. It's better if we get tested information, analyze it and adjust it to our strategy. because in my opinion, trading alone is better to rely on your own analysis and strategy.
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Copy trading has both he good and the bad side of it, when we are into copy trading, then we are going to solely depend on a professional trader to perform all the analysis for us and make trades, all we are to do is for us to join on his own trade and copy it, when we do so, we both turned to be the same investors and have the same chances for losing or wining a trade as the case may be.
I have never tried copy trading, but if there are professional traders who want to share their trading strategies, of course I will be happy to follow and learn them. But we have to be careful whether they really share sincerely or only a small part of it. It's better if we get tested information, analyze it and adjust it to our strategy. because in my opinion, trading alone is better to rely on your own analysis and strategy.
Actually, it is the same as trading using trading signals from other people, the difference is that if we rely on trading signals, sometimes the person who gives the signal does not trade, but if copy trading, the person we follow also trades.
Actually, it is not bad if the person we follow is a truly professional trader, but it is still better if we can do our own analysis. That would certainly be better.
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That is the main thing to follow, knowing who you can trust with any amount of money to do the same thing they do, I personally think that things are very different when it comes to trading because we should get used to trading with our own method, if you lose, well it doesn't matter, in trading you lose too, but things have to be done that way until you learn, if we depend on copy trading it's like crossing an avenue blindfolded, you don't learn, things like trading take a lot of learning and with as much time as necessary.
Market is in bullish trend now every coin is pumping doing nothing and copying someone's trades who is active and trading safe is better because in this time many are trading and making a profit even newbies are making money thinking they understand it all.
Learning is not an option in copy trading even when a signal group says they provide analysis in their paid groups don't trust them because they don't give such information in their groups.
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The laziest method to try to make money passively... copy trading I found on Binance, and its mechanism really pampers users who don't know anything about cryptocurrency and want to trade with the exact same strategy as someone who has managed to make a lot of money... but the funny thing is, this doesn't guarantee someone will succeed easily... because market fluctuations can really destroy the expectations of copy trading feature users...
I've tried this copy trading feature, both the paid and free versions, and I happened to be in an unlucky condition, so I suffered a small loss from the investment I made...
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The laziest method to try to make money passively... copy trading I found on Binance, and its mechanism really pampers users who don't know anything about cryptocurrency and want to trade with the exact same strategy as someone who has managed to make a lot of money... but the funny thing is, this doesn't guarantee someone will succeed easily... because market fluctuations can really destroy the expectations of copy trading feature users...
I've tried this copy trading feature, both the paid and free versions, and I happened to be in an unlucky condition, so I suffered a small loss from the investment I made...
Well, this "laziest method" of making money passively that you said works... but not for all. ;)
I guess if you're lucky enough to choose a trader who's not making that much wrong trades and still ending up making profits than losses on a weekly basis then it can be considered as a passive income since you aren't doing anything. Still, there's a risk though because we know that in general, trading always has a risk whether you're trading by yourself or copying others (copy-trading).
I'm currently copying a lead trader and I'm a bit lucky this time, and it's free. I wonder where are these paid copy-traders are? Do we need to pay them first in order to copy them? If yes, then where?
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- Maybe the benefits of copy trading to the community clients who will put money in here is that the capitalist will have nothing to do but just wait and other traders will do the work to get into trading even if they don't know anything about crypto trading in this field.
Second, they are like pensioners who will just wait, there is no hassle for them, they will not be affected by what is happening in the crypto space whether it is negative or not. This is the only thing I can see that seems to be what those who try to join copy trading will think.
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- Maybe the benefits of copy trading to the community clients who will put money in here is that the capitalist will have nothing to do but just wait and other traders will do the work to get into trading even if they don't know anything about crypto trading in this field.
Second, they are like pensioners who will just wait, there is no hassle for them, they will not be affected by what is happening in the crypto space whether it is negative or not. This is the only thing I can see that seems to be what those who try to join copy trading will think.
Benefits of copy trading for community clients who invest their money are twofold. Firstly copy trading allows people who don't know much about trading cryptocurrencies to join market. Experienced traders make trading decisions so these individuals do not need to learn about trading themselves. This way new investors can possibly make money from trading cryptocurrencies without having to become experts. Secondly copy trading is worry free experience similar to getting pension. Investors can simply wait for their returns without worrying about changes in market or bad news about cryptocurrencies. But there is a big drawback. Experts deal with exchanges first they make profit for copiers but after some time they make wrong trade and liquidate everyone. Just because of this I prefer bot trading.
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Copy trading has both he good and the bad side of it, when we are into copy trading, then we are going to solely depend on a professional trader to perform all the analysis for us and make trades, all we are to do is for us to join on his own trade and copy it, when we do so, we both turned to be the same investors and have the same chances for losing or wining a trade as the case may be.
I think copy trading can be good for beginners. If someone wants to start trading in a new situation, they can start with copy trading. Just as there are advantages to copy trading, there are also some disadvantages. We know that even though things have their good sides, they also have some bad sides. So we can accept these and do copy trading. If we want to do something good, we need to use some good strategies so that we can get a good amount of profit from trading.
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Learning is not an option in copy trading even when a signal group says they provide analysis in their paid groups don't trust them because they don't give such information in their groups.
You are absolutely right, things are always like that, in copy trading apart from the fact that it is like crossing the street blindfolded, if you lose it is something that is later difficult to recover and when you win not all the money goes to you as a trader, also to the author of the copy trading, these are things that do not seem fair to me, because for that reason they remain as signals and that's it, apart from the signals do not say how they got there, they do not explain and that is something that I do not like, it is like being guided by someone who has no foundation, until now I have not seen them take out the signals with their explanations, they are all automated.
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Learning is not an option in copy trading even when a signal group says they provide analysis in their paid groups don't trust them because they don't give such information in their groups.
You are absolutely right, things are always like that, in copy trading apart from the fact that it is like crossing the street blindfolded, if you lose it is something that is later difficult to recover and when you win not all the money goes to you as a trader, also to the author of the copy trading, these are things that do not seem fair to me, because for that reason they remain as signals and that's it, apart from the signals do not say how they got there, they do not explain and that is something that I do not like, it is like being guided by someone who has no foundation, until now I have not seen them take out the signals with their explanations, they are all automated.
Those at the top of the copy trading leader board must do much better market research because the position of those at the top of the letter board is determined by their PNL. Yet there is a lot of fear involved in copying someone else's trade. I have less experience in copy trading because I am less fond of copy trading. However, for those who are busy with other activities but want to trade crypto, copy trading can be a good way to earn a side income. But in this case too, trading loss must be accept
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Those at the top of the copy trading leader board must do much better market research because the position of those at the top of the letter board is determined by their PNL. Yet there is a lot of fear involved in copying someone else's trade. I have less experience in copy trading because I am less fond of copy trading. However, for those who are busy with other activities but want to trade crypto, copy trading can be a good way to earn a side income. But in this case too, trading loss must be accept
Well, there is always a risk for everything and we are the ones who take on that risk. Personally, I like to learn about why a particular operation is Chosen , then when it is so, we are there to learn and at what moment it should be done.
Copy trading is one of the things that scares me the most to do, because I have no Control over anything. In fact, I tried to do that but I didn't like the experience , and they also charge for each Operation, whether you win or lose.
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Well, there is always a risk for everything and we are the ones who take on that risk. Personally, I like to learn about why a particular operation is Chosen , then when it is so, we are there to learn and at what moment it should be done.
Copy trading is one of the things that scares me the most to do, because I have no Control over anything. In fact, I tried to do that but I didn't like the experience , and they also charge for each Operation, whether you win or lose.
Actually, it's one of the annoying things, where we are always charged when we get profit, and the amount is quite large... my last experience was quite bad for copy trading results on binance, losing 20% due to lack of comfort when entrusting our assets to others... it's true, the advantage is that we can avoid emotional decisions that can damage trading plans, but it doesn't make us grow....
For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.
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For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.
Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.
You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.
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Maybe if you are the one who copy trades for other crypto communities to copy, you can tell if it is really beneficial for you. Because other investors who are lazy to trade and know nothing about trading will trust you.
Now, if you yourself are the one who copies the trading of a trader, I think the profit he will get is small and it depends on how many of you entered the copy trading that he entered, then if the set-up made by a copy trading is wrong, he will not earn anything for sure in the end.
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Crypto trading is one of the best option in the online market and so many peoples will make so many money and they through this way in just 24 hours make millions of dollars and almost peoples will copy the trading of those peoples which are expert in trading and they make good money, copy trading benefit is that we don,t need to analyse the market and we get good profit in the crypto market.
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Well, I don't really support copy trading because it's very risky and you need enough fund to be able to hold on to long position, if you don't have enough to liquidate for long run and the person you are copying has, you could be swipe off from the position while others continues. To me it's important to remain on spot trading or even to trade alone without even copy trade anyone otherwise you would lose, but most time it all depends on your trade size to keep you on a long position.
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Actually, it's one of the annoying things, where we are always charged when we get profit, and the amount is quite large... my last experience was quite bad for copy trading results on binance, losing 20% due to lack of comfort when entrusting our assets to others... it's true, the advantage is that we can avoid emotional decisions that can damage trading plans, but it doesn't make us grow....
For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.
It is very true, for that reason I prefer to read, learn, watch videos, everything that teaches me to do trading well, because with copy trading, despite all that, we don't learn absolutely anything, it's like being there but not being there, so those things don't make sense to me, that's why it's good for us to be a little more realistic and be able to do our best to benefit ourselves in every way, learning doesn't hurt, at the moment that we no longer want someone else to operate for us and take our money, it's better.
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Copy trading offers an easy and convenient option for individuals who want to earn from trading without investing significant time in learning about how the market works. While it may seem like an easy shortcut, it is not an ideal method for traders who aim to achieve long-term success. Copying the trades of experienced traders does not guarantee consistent profits. If the copied trader makes poor decisions, those following them will also face similar losses.
For anyone who wish to build a career in trading, it is far more beneficial to invest time and effort into learning the necessary skills and knowledge. By understanding the market, traders can take decisions by themselves and take control of their success rather than relying heavily on others.
Well, everybody literally wants to earn while trading,no one wants to anticipate loss at all and that's why you see most individuals going into copy trading maybe afrer realising much losses,they go into copy trading then since their way of trading isn't or might not be efficient for them enough.
I particularly despise copy trading entirely alot for plenty reasons. I think it makes you not reliable on yourself acctually and keeps you on a spot where you cannot particularly decide your future cause another person sits on his laptop deciding your trading future for you while it might not or surely yield profit Like a story where the hare goes to the river everyday catching alot of fishes and while coming back,he gives the tortoise one fish out of the many he caught.then one day,the tortoise asked the hare to teach him how to catch fishes so he could stop getting peanuts(one fish) everyday.
Applying this,i think rather than not being sure whether or not that trading decision someone has given you, individuals should take time and learn even though it takes months or alot of time,the end result is always beautiful .
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Copy trading as that type of trading that allows one to copy or mimic the deals of popular investors, copy professionals trading features and styles. The benefit of this is that, new subscribers are given the opportunity to borrow trading experiences from professional traders. New subscribers buys assets when professionals buy, sell when they sell also. It's like a guide in becoming a professional trader. And it also helps those who do not want to spend much time in the market.
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Copy trading as that type of trading that allows one to copy or mimic the deals of popular investors, copy professionals trading features and styles. The benefit of this is that, new subscribers are given the opportunity to borrow trading experiences from professional traders. New subscribers buys assets when professionals buy, sell when they sell also. It's like a guide in becoming a professional trader. And it also helps those who do not want to spend much time in the market.
No, it isn't a guide in becoming a professional trader, but it's a lazy way to earn money in trading. Of course, losing money in copy trading is a given already, but copy trading isn't a way for newbie traders to become professional in trading.
Just a few months ago, I said here that I doubled my money with the help of some expert trader out there that I copy-traded. I stopped copying him when I saw losses in his trades, and I ended up making a few bucks only. With what happened, I realized that if we want to copy-trade, we need to get some of our capital as well, leaving the potential profits behind. I mean that would be a better approach for me.
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For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.
Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.
You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.
That's why it is advisable to aquire knowledge and understanding before trading, you have to be dependent and responsible, with this you will be able to develop new skills. Whatever Your experience is, either it's good or bad, is will also serve as a lesson to you and it will encourage and motivate you and you will be able to manage and maintain your business, also you will be able to overcome all the difficulties and challenges that come your way. But if you decided to copy someone on how he is managing is business, sometimes it will let you down, because what if you come across a kind of challenge that you have not witnessed the person experience before, how will you think of a solution to yourself because what if you encounter a challenge that your copy trading mentor or the person you're following has never experienced before, How will you come up with a solution on your own.
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As a trader very familiar with spot, margin and future trading options, i have been hearing of copy trading but i have not started trading this option because it sounds new to me and but i like to learn more ways to earn besides the areas of my experience.
For instance, on the sport and margin trading options, with my experiences, i have been doing well, but very little on future. The benefit of these trading options can't be over emphasized. Spots trading is ideal for immediate market exposure, while on the margin options, you are able to leverage your capital to earn bigger returns when price rises, though not without some risk too.
Now, what are the benefits of Copy trading and the risks?
copy trading as a benefits helps in different ways,it's helps someone to access to another trader expertise,and also signal providers can earn more additional money from traders as well.
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For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.
Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.
You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.
That's why it is advisable to aquire knowledge and understanding before trading, you have to be dependent and responsible, with this you will be able to develop new skills. Whatever Your experience is, either it's good or bad, is will also serve as a lesson to you and it will encourage and motivate you and you will be able to manage and maintain your business, also you will be able to overcome all the difficulties and challenges that come your way. But if you decided to copy someone on how he is managing is business, sometimes it will let you down, because what if you come across a kind of challenge that you have not witnessed the person experience before, how will you think of a solution to yourself because what if you encounter a challenge that your copy trading mentor or the person you're following has never experienced before, How will you come up with a solution on your own.
It’s a very valuable step learning the basics first before you even start anything in life, and the world of trading is no exception. Every experience, whether it is failure or success, always teaches us something very important, We are never enough. Although there are degrees of learning that we can learn from others, we must find our own way of thinking to address many unpredictable situations. In that way we can find solution that fits the conditions and what we need. In this manner, we get further confidence to run business and sustained in any situation. This is one of those things where, in general it is more about the results and less about whether we will continue to learn and grow.
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For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.
Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.
You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.
True, there is nothing wrong with trying new things to develop skills and abilities. But still make sure that we really understand what we want to do with the new thing. We may decide to enter the new expert but on the other hand, we must also prepare it well beforehand, especially the ability and knowledge, so that we are not really blank to do it. And moreover, once again, understanding the risk is very important so that we can consider and manage the existing risks very well. Moreover in trading, whether we use copy trading or not, it will be always risky, and the risk how big, will depend on our capability.
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For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.
Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.
You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.
True, there is nothing wrong with trying new things to develop skills and abilities. But still make sure that we really understand what we want to do with the new thing. We may decide to enter the new expert but on the other hand, we must also prepare it well beforehand, especially the ability and knowledge, so that we are not really blank to do it. And moreover, once again, understanding the risk is very important so that we can consider and manage the existing risks very well. Moreover in trading, whether we use copy trading or not, it will be always risky, and the risk how big, will depend on our capability.
New things are also good if we try to do research and make analysis.
In trading, we should make our own analysis and predictions and do not do copy trading because it requires good skills in trading, we should seek experience by observing coins or projects in the crypto market and making fundamental and technical analysis.
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Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.
You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.
True, there is nothing wrong with trying new things to develop skills and abilities. But still make sure that we really understand what we want to do with the new thing. We may decide to enter the new expert but on the other hand, we must also prepare it well beforehand, especially the ability and knowledge, so that we are not really blank to do it. And moreover, once again, understanding the risk is very important so that we can consider and manage the existing risks very well. Moreover in trading, whether we use copy trading or not, it will be always risky, and the risk how big, will depend on our capability.
Well sometimes some people do something that they don't usually do because they are desperate because what they have been doing so far has not had good development. So when that happens I think it also has a greater risk too.
We have to come in a state that is truly ready, I mean we come not because we are forced to do it, we want to find out and try new things.
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Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.
You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.
True, there is nothing wrong with trying new things to develop skills and abilities. But still make sure that we really understand what we want to do with the new thing. We may decide to enter the new expert but on the other hand, we must also prepare it well beforehand, especially the ability and knowledge, so that we are not really blank to do it. And moreover, once again, understanding the risk is very important so that we can consider and manage the existing risks very well. Moreover in trading, whether we use copy trading or not, it will be always risky, and the risk how big, will depend on our capability.
Well sometimes some people do something that they don't usually do because they are desperate because what they have been doing so far has not had good development. So when that happens I think it also has a greater risk too.
We have to come in a state that is truly ready, I mean we come not because we are forced to do it, we want to find out and try new things.
in investing in crypto we must be prepared for the risks, because investing in crypto always has risks.
We must not give up when what we do and the strategy we choose has not worked. We must develop our knowledge and skills. So that we can improve strategies that have not yet produced maximum results.
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True, there is nothing wrong with trying new things to develop skills and abilities. But still make sure that we really understand what we want to do with the new thing. We may decide to enter the new expert but on the other hand, we must also prepare it well beforehand, especially the ability and knowledge, so that we are not really blank to do it. And moreover, once again, understanding the risk is very important so that we can consider and manage the existing risks very well. Moreover in trading, whether we use copy trading or not, it will be always risky, and the risk how big, will depend on our capability.
New things are also good if we try to do research and make analysis.
In trading, we should make our own analysis and predictions and do not do copy trading because it requires good skills in trading, we should seek experience by observing coins or projects in the crypto market and making fundamental and technical analysis.
Yes, it is true, it is very necessary to combine TA and FA in trading very carefully. And this is not only about trial and error, but also about how we become much more careful, thorough, disciplined, and also better at analyzing the market, in indicators, in certain time frames, and the possibility of ups and downs in the near term. Here, we can really see whether we are capable, because indeed during trading, it will drain a lot of emotions. If we are not mentally strong, it will be quite difficult to do it and it will not be easy. And if it is like this, to be honest, that's why I prefer to just invest or short-term holding.
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Well sometimes some people do something that they don't usually do because they are desperate because what they have been doing so far has not had good development. So when that happens I think it also has a greater risk too.
We have to come in a state that is truly ready, I mean we come not because we are forced to do it, we want to find out and try new things.
in investing in crypto we must be prepared for the risks, because investing in crypto always has risks.
We must not give up when what we do and the strategy we choose has not worked. We must develop our knowledge and skills. So that we can improve strategies that have not yet produced maximum results.
And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.
And I see some people they just want something instant, while in this crypto world there is nothing instant.
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And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.
And I see some people they just want something instant, while in this crypto world there is nothing instant.
Something instant is crypto is a scam. Period. In 99%.
Or a rug. Or a way to lose your depo.
;)
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And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.
And I see some people they just want something instant, while in this crypto world there is nothing instant.
You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.
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You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.
Agreed with you.
If I say something about this I saw some people who were really good interest on the copy trading because of only the quick profit but they forgot that the professional trader also have his losses as it is also natural. But the people they got only on greed and thinks that they can be quick reach by this steps, but to be honest those peoples were in heavy loss now. And their increasing it because they also thought that they will be able to recover them.
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If I say something about this I saw some people who were really good interest on the copy trading because of only the quick profit but they forgot that the professional trader also have his losses as it is also natural. But the people they got only on greed and thinks that they can be quick reach by this steps, but to be honest those peoples were in heavy loss now. And their increasing it because they also thought that they will be able to recover them.
A theory that we have heard and proven, that something that comes instantly, will go instantly too... copy trading does offer something interesting, as if we can still make money lazily and rely on other people's abilities to make our trading decisions...
And one of the drawbacks of copy trading is that it causes us to rely too much on other people to make decisions, whereas to live our own lives, we must really be able to make decisions and learn from them too...It holds us back from being an independent person, and it also holds us back from valuable life lessons...
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You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.
Obviously, if there is a "high potential strategy" offered by someone to a newbie, it's probably a scam.
But may pick their fate and try it out - losing their depo.
Once they learn more - these people would be able to get more from the market.
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And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.
And I see some people they just want something instant, while in this crypto world there is nothing instant.
You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.
One thing they see is people who get huge profits from meme coins, they don't see the risk, but they look more at something that can make them rich overnight.
I don't deny that there are meme coins that can provide such profits, but we also have to see how big the risk is. Because meme coins are also a form of investment that is very high risk.
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And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.
And I see some people they just want something instant, while in this crypto world there is nothing instant.
You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.
One thing they see is people who get huge profits from meme coins, they don't see the risk, but they look more at something that can make them rich overnight.
I don't deny that there are meme coins that can provide such profits, but we also have to see how big the risk is. Because meme coins are also a form of investment that is very high risk.
Our mind is always more focused on quick things. If you invest in memecoin, you can get big profits very quickly and there is also a possibility of big losses very quickly. But our mind doesn't care much about that loss but focuses on profit and that's why it pushes us to invest in meme coin or other highly volatile coins.
Until then our mind makes us think positive about high volatility coins until we have big losses. But a professional trader never invests in any coin with proper analysis and I think they try to avoid meme coins.
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And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.
And I see some people they just want something instant, while in this crypto world there is nothing instant.
You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.
as we know for a fact investing in crypto does do mean having to keep on learning for quite a while now, and would require hard work. The process of creating knowledge and experience is gradual therefore requires a period of detailed study and consistent market observation. More often people pine after getting enormous amounts of money within short spans of time, but most of them lose their hard earned money of as well as a lot more, if decisions are made in haste, or with out undue research and foundations. Investing cannot be a process of pure luck, yet the result happens to be a combination of figuring things out and making corresponding careful moves. With the right strategy in the short run, and willingness to go further in understanding the various aspects needed, long term effects may be achieved in the long run.
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One thing they see is people who get huge profits from meme coins, they don't see the risk, but they look more at something that can make them rich overnight.
I don't deny that there are meme coins that can provide such profits, but we also have to see how big the risk is. Because meme coins are also a form of investment that is very high risk.
Memecoins are mostly closed in losses, whereas only a small fraction of people profit from them.
I do agree - it's never about getting risks high, it's about minimizing them and not falling into the FOMO trap.
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One thing they see is people who get huge profits from meme coins, they don't see the risk, but they look more at something that can make them rich overnight.
I don't deny that there are meme coins that can provide such profits, but we also have to see how big the risk is. Because meme coins are also a form of investment that is very high risk.
Our mind is always more focused on quick things. If you invest in memecoin, you can get big profits very quickly and there is also a possibility of big losses very quickly. But our mind doesn't care much about that loss but focuses on profit and that's why it pushes us to invest in meme coin or other highly volatile coins.
Until then our mind makes us think positive about high volatility coins until we have big losses. But a professional trader never invests in any coin with proper analysis and I think they try to avoid meme coins.
That's what happens, some people only focus on the profit so they ignore all the risks that can occur, this is something we often encounter, and even from things like this they become discouraged to invest again.
In fact, it is their own fault for only looking at the profit. Before doing something, we must consider everything, including considering what the risks are like.
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And all of this requires a lot of patience, because it will take a long time and even some people will need years to really understand it and that must continue to be a process because new knowledge will definitely come.
And I see some people they just want something instant, while in this crypto world there is nothing instant.
You are right in investing in crypto it takes patience to learn to gain knowledge and experience and it takes years, nothing is instant in investing in crypto. Although we know most newbies want to get rich quick, but only losses will they get if they are not careful in making analysis and doing research.
Newbies have less patience. After coming to crypto, they quickly seek success. Without prioritizing such knowledge, they start looking for coins that will be able to make some profit from their investment. Due to lack of proper knowledge, they buy some coins and later fail to withdraw their investment from them. That is why beginners should survive in the market with patience. Although many people can get rich quickly by investing in cryptocurrencies, the same is not likely to happen in the case of all. That is why you should not come to get rich quickly and gain good knowledge about the market. When the knowledge limit increases, the possibility of becoming profitable from investment will be created.
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Newbies have less patience. After coming to crypto, they quickly seek success. Without prioritizing such knowledge, they start looking for coins that will be able to make some profit from their investment. Due to lack of proper knowledge, they buy some coins and later fail to withdraw their investment from them. That is why beginners should survive in the market with patience. Although many people can get rich quickly by investing in cryptocurrencies, the same is not likely to happen in the case of all. That is why you should not come to get rich quickly and gain good knowledge about the market. When the knowledge limit increases, the possibility of becoming profitable from investment will be created.
newbies must seek experience and knowledge in the crypto market in order to have the right analysis and strategy. they must be patient and learn to understand the unpredictable crypto market. because by learning and continuing to practice they will have good knowledge and experience.
many newbies want to get rich quick, but because of lack of knowledge they end up experiencing losses.
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Newbies have less patience. After coming to crypto, they quickly seek success. Without prioritizing such knowledge, they start looking for coins that will be able to make some profit from their investment. Due to lack of proper knowledge, they buy some coins and later fail to withdraw their investment from them. That is why beginners should survive in the market with patience. Although many people can get rich quickly by investing in cryptocurrencies, the same is not likely to happen in the case of all. That is why you should not come to get rich quickly and gain good knowledge about the market. When the knowledge limit increases, the possibility of becoming profitable from investment will be created.
If they are beginners I would say that it is very natural, because I may have only thought that in the beginning, but as time went by I began to realize things that could finally make me change my mindset.
I also think most of us when we enter here will also have more or less the same thoughts. Quick profits and so on are annoying, yes that is wrong but it is natural for beginners to feel.
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Imo, Copy trading is just a sham. It might be because of my few experiences copy trading but those that I end up copying end up being total frauds despite claiming to be skilled.
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Newbies have less patience. After coming to crypto, they quickly seek success. Without prioritizing such knowledge, they start looking for coins that will be able to make some profit from their investment. Due to lack of proper knowledge, they buy some coins and later fail to withdraw their investment from them. That is why beginners should survive in the market with patience. Although many people can get rich quickly by investing in cryptocurrencies, the same is not likely to happen in the case of all. That is why you should not come to get rich quickly and gain good knowledge about the market. When the knowledge limit increases, the possibility of becoming profitable from investment will be created.
If they are beginners I would say that it is very natural, because I may have only thought that in the beginning, but as time went by I began to realize things that could finally make me change my mindset.
I also think most of us when we enter here will also have more or less the same thoughts. Quick profits and so on are annoying, yes that is wrong but it is natural for beginners to feel.
for beginners, you really have to seek experience and have knowledge. I used to be like that, wanting to expect profits quickly and of course hoping for big profits, but I experienced losses and started practicing and doing research.
finally I understood my mistakes at the beginning, I had to learn and make analysis.
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for beginners, you really have to seek experience and have knowledge. I used to be like that, wanting to expect profits quickly and of course hoping for big profits, but I experienced losses and started practicing and doing research.
finally I understood my mistakes at the beginning, I had to learn and make analysis.
Gaining knowledge through experience can indeed be regarded as one of the most important mechanisms in any of the process that the society under go through. In the first stages, there may be a wished for outcome with out first thinking about all of the potentialities which are likely to affect the actions to be made. However, years later, we start to see that it is not only a matter of achieving that success but also of developing a better understanding of it. Losing, therefore does not translate to failure but having an occasion to consider the manner in which the work is being done with a view of improving it. The ability to analyse every condition that exists allows the achieving of the goal to be better prepared for various circumstances without making the same mistakes again while practising patience and continuing one’s learning throughout.
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As a trader very familiar with spot, margin and future trading options, i have been hearing of copy trading but i have not started trading this option because it sounds new to me and but i like to learn more ways to earn besides the areas of my experience.
For instance, on the sport and margin trading options, with my experiences, i have been doing well, but very little on future. The benefit of these trading options can't be over emphasized. Spots trading is ideal for immediate market exposure, while on the margin options, you are able to leverage your capital to earn bigger returns when price rises, though not without some risk too.
Now, what are the benefits of Copy trading and the risks?
if you win more often in trading you will indeed get big profits, but you will start to feel dependent on copy trading and it will be the only support for you which of course is dangerous... if you lose, of course you will lose money...
The advantage is that with copy trading, it offers convenience because you don't need to learn about trading, but you also won't develop because you don't have good data and analysis results. IMO, copy trading is only suitable to try in the short term, in the long term it will not make us grow...
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As a trader very familiar with spot, margin and future trading options, i have been hearing of copy trading but i have not started trading this option because it sounds new to me and but i like to learn more ways to earn besides the areas of my experience.
For instance, on the sport and margin trading options, with my experiences, i have been doing well, but very little on future. The benefit of these trading options can't be over emphasized. Spots trading is ideal for immediate market exposure, while on the margin options, you are able to leverage your capital to earn bigger returns when price rises, though not without some risk too.
Now, what are the benefits of Copy trading and the risks?
I think copy trading can be a bad thing for a beginner. Trading is not as easy as it sounds. If you don't learn trading and just want to make money by copying others, you might make a profit. But you will never be a real trader. A trader is not always a profit maker. If you are a copy trader and face losses, you might look down on that trader. Or you will lose interest in trading. That can be harmful to you.
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I think copy trading can be a bad thing for a beginner. Trading is not as easy as it sounds. If you don't learn trading and just want to make money by copying others, you might make a profit. But you will never be a real trader. A trader is not always a profit maker. If you are a copy trader and face losses, you might look down on that trader. Or you will lose interest in trading. That can be harmful to you.
Who cares if you will learn trading or not? As long as you make money in trading, who cares, right? :D
Kidding aside, I don't want to say that copy trading is bad for a beginner, but if you want to pursue trading and learn it, copy trading really is a bad start.
Trading isn't easy especially for newbies out there that's why we always say when you're a newbie in trading, expect that you will lose your money in your first trades. Copy trading can be profitable in the short term (I've experienced it already), but in the long run, I don't see it as profitable as many sees it. It's still better if you are a trader instead of copying others for the sake of profit. As for you looking down on that trader, that lead trader doesn't care at all because at the end of the day, you can just criticize him, but he doesn't care about your money.
Copy trading has it's benefits, and it will all depends on the trader on how to utilize it.
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Copy trading has it's benefits, and it will all depends on the trader on how to utilize it.
I don't doubt it, I think that in my case I have not had any luck with such a thing, neither with this nor with groups of signals or something like that, because it is something that I have always tried and it doesn't give me results, it is something difficult, because I prefer to use my knowledge and do my own operations even if I make mistakes and don't win.
I have seen some who have had luck with this copy trading thing , but for me it all Depends on the luck of the person and the operator they choose.
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I think copy trading can be a bad thing for a beginner. Trading is not as easy as it sounds. If you don't learn trading and just want to make money by copying others, you might make a profit. But you will never be a real trader. A trader is not always a profit maker. If you are a copy trader and face losses, you might look down on that trader. Or you will lose interest in trading. That can be harmful to you.
Who cares if you will learn trading or not? As long as you make money in trading, who cares, right? :D
Kidding aside, I don't want to say that copy trading is bad for a beginner, but if you want to pursue trading and learn it, copy trading really is a bad start.
Trading isn't easy especially for newbies out there that's why we always say when you're a newbie in trading, expect that you will lose your money in your first trades. Copy trading can be profitable in the short term (I've experienced it already), but in the long run, I don't see it as profitable as many sees it. It's still better if you are a trader instead of copying others for the sake of profit. As for you looking down on that trader, that lead trader doesn't care at all because at the end of the day, you can just criticize him, but he doesn't care about your money.
Copy trading has it's benefits, and it will all depends on the trader on how to utilize it.
Although there was an early argument to suggest that copy trading was not recommendable especially to beginners, this claim is far from being accurate. Indeed, for many beginners, it can become the means of familiarising themselves with the market without being quickly drawn into large mistakes that will cost money. Not everyone can devote time and effort to analyse charts and news on a daily basis, therefore, Copy trading is quite a rational thing to do if you have a chance to follow an experienced trader. Of course, trading carries some amount of risk and the best no loss guarantee is in fact false, but it does not mean that copy trading for earning is completely non lucrative in in the long run. That said, there are various influences to the outcomes; in particular, the strategy as well as who we imitate.
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Of course, trading carries some amount of risk and the best no loss guarantee is in fact false, but it does not mean that copy trading for earning is completely non lucrative in in the long run. That said, there are various influences to the outcomes; in particular, the strategy as well as who we imitate.
It is very difficult to find an experienced trader to trade and copy their strategies, their trades, because even if they are very good, they will make mistakes in some ways, and it is extremely difficult to find a trader who is 85% profitable. I have followed many , and the truth is that they say that their signals are 100% reliable, but they give a number of signals of about 30 per hour, it is impossible for them to be done and only two bad signals or two bad trades come out, with that you have to lose capital when you have little money and what you are looking for is precisely to save money or not spend a lot.
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Of course, trading carries some amount of risk and the best no loss guarantee is in fact false, but it does not mean that copy trading for earning is completely non lucrative in in the long run. That said, there are various influences to the outcomes; in particular, the strategy as well as who we imitate.
It is very difficult to find an experienced trader to trade and copy their strategies, their trades, because even if they are very good, they will make mistakes in some ways, and it is extremely difficult to find a trader who is 85% profitable. I have followed many , and the truth is that they say that their signals are 100% reliable, but they give a number of signals of about 30 per hour, it is impossible for them to be done and only two bad signals or two bad trades come out, with that you have to lose capital when you have little money and what you are looking for is precisely to save money or not spend a lot.
in my personal opinion in trading we have to make our own analysis, no need to follow other traders' signals, because the signals they share are not accurate.
We have to learn by ourselves, because this is more important.
I never copy other traders. because we have to train our own skills until we become experts
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in my personal opinion in trading we have to make our own analysis, no need to follow other traders' signals, because the signals they share are not accurate.
We have to learn by ourselves, because this is more important.
I never copy other traders. because we have to train our own skills until we become experts
Every trader, of course, has his own approach and referring to one’s own adjustment is indeed more convincing. partially it can reach full autonomy with no reliance on other people’s opinions and, thus, it gives full control over the strategy which is being run in the market. It is dangerous to rely so much on signals from other parties as this may make one lose skills that need to be practised from time to time. Learning from experience on own side is actually more effective in performing various conditions that are always altering. Thus, there is no such thing as an immediate mastery in this field, it takes time, perseverance and effort in analysing market trends.
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Newbies have less patience. After coming to crypto, they quickly seek success. Without prioritizing such knowledge, they start looking for coins that will be able to make some profit from their investment. Due to lack of proper knowledge, they buy some coins and later fail to withdraw their investment from them. That is why beginners should survive in the market with patience. Although many people can get rich quickly by investing in cryptocurrencies, the same is not likely to happen in the case of all. That is why you should not come to get rich quickly and gain good knowledge about the market. When the knowledge limit increases, the possibility of becoming profitable from investment will be created.
If they are beginners I would say that it is very natural, because I may have only thought that in the beginning, but as time went by I began to realize things that could finally make me change my mindset.
I also think most of us when we enter here will also have more or less the same thoughts. Quick profits and so on are annoying, yes that is wrong but it is natural for beginners to feel.
for beginners, you really have to seek experience and have knowledge. I used to be like that, wanting to expect profits quickly and of course hoping for big profits, but I experienced losses and started practicing and doing research.
finally I understood my mistakes at the beginning, I had to learn and make analysis.
We can gain quite a bit of knowledge from various posts about trading from many sources. But apart from this, if we do not have our own knowledge, then we will never be able to do anything good in trading. Because based on our own knowledge, the logical things of trading can be sure, but not so much from the knowledge given by others. Whatever you do from the knowledge of others will go through doubt, but if your knowledge is added to it, then you will definitely be able to do well.
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We can gain quite a bit of knowledge from various posts about trading from many sources. But apart from this, if we do not have our own knowledge, then we will never be able to do anything good in trading. Because based on our own knowledge, the logical things of trading can be sure, but not so much from the knowledge given by others. Whatever you do from the knowledge of others will go through doubt, but if your knowledge is added to it, then you will definitely be able to do well.
Having knowledge from many people is good, especially in trading we need a lot of knowledge and experience.
I call it self-experience, because by learning from our own experience we can more easily know the weaknesses and mistakes that we have made that have caused losses and we can fix them in order to make a profit.
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in my personal opinion in trading we have to make our own analysis, no need to follow other traders' signals, because the signals they share are not accurate.
We have to learn by ourselves, because this is more important.
I never copy other traders. because we have to train our own skills until we become experts
Yes, and I agree with what you say, because that's how things really work in life. It's better for us to learn what happens when we trade. We must learn to Operate , to understand the market. People who understand the market operate well , at least they have more Winning trades than losing ones, and that's all that matters. As long as that premise is met, everything is fine , regardless of the amount. That's something that always has to happen. If not, we are probably seeing the Market in the wrong way.
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We can gain quite a bit of knowledge from various posts about trading from many sources. But apart from this, if we do not have our own knowledge, then we will never be able to do anything good in trading. Because based on our own knowledge, the logical things of trading can be sure, but not so much from the knowledge given by others. Whatever you do from the knowledge of others will go through doubt, but if your knowledge is added to it, then you will definitely be able to do well.
Having knowledge from many people is good, especially in trading we need a lot of knowledge and experience.
I call it self-experience, because by learning from our own experience we can more easily know the weaknesses and mistakes that we have made that have caused losses and we can fix them in order to make a profit.
Yes, it is good to get the basic knowledge of trading from others because if we trade with our own knowledge, we have a lot of doubts in our minds and the knowledge and experience we gain from others helps us a lot in correcting it. However, training based on the knowledge of others alone is not enough, I think that one needs a lot of one's own knowledge as well.
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We can gain quite a bit of knowledge from various posts about trading from many sources. But apart from this, if we do not have our own knowledge, then we will never be able to do anything good in trading. Because based on our own knowledge, the logical things of trading can be sure, but not so much from the knowledge given by others. Whatever you do from the knowledge of others will go through doubt, but if your knowledge is added to it, then you will definitely be able to do well.
Having knowledge from many people is good, especially in trading we need a lot of knowledge and experience.
I call it self-experience, because by learning from our own experience we can more easily know the weaknesses and mistakes that we have made that have caused losses and we can fix them in order to make a profit.
Yes, it is good to get the basic knowledge of trading from others because if we trade with our own knowledge, we have a lot of doubts in our minds and the knowledge and experience we gain from others helps us a lot in correcting it. However, training based on the knowledge of others alone is not enough, I think that one needs a lot of one's own knowledge as well.
You have a good point but sometimes it better to take correction from your own mistakes, when we take correction from our own strategies it will get to stick to your head and you won’t make that same error again. Seeking knowledge and understanding from many source isn’t a bad idea though, we get to learn more and understand some people strategies and how they enter a trade and make a profit.
Seeking information and knowledge from those better and been in the game will help you a lot and the person will make you understand the basic and important of trading.
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We can gain quite a bit of knowledge from various posts about trading from many sources. But apart from this, if we do not have our own knowledge, then we will never be able to do anything good in trading. Because based on our own knowledge, the logical things of trading can be sure, but not so much from the knowledge given by others. Whatever you do from the knowledge of others will go through doubt, but if your knowledge is added to it, then you will definitely be able to do well.
Having knowledge from many people is good, especially in trading we need a lot of knowledge and experience.
I call it self-experience, because by learning from our own experience we can more easily know the weaknesses and mistakes that we have made that have caused losses and we can fix them in order to make a profit.
Yes, it is good to get the basic knowledge of trading from others because if we trade with our own knowledge, we have a lot of doubts in our minds and the knowledge and experience we gain from others helps us a lot in correcting it. However, training based on the knowledge of others alone is not enough, I think that one needs a lot of one's own knowledge as well.
You have a good point but sometimes it better to take correction from your own mistakes, when we take correction from our own strategies it will get to stick to your head and you won’t make that same error again. Seeking knowledge and understanding from many source isn’t a bad idea though, we get to learn more and understand some people strategies and how they enter a trade and make a profit.
Yes, what you say is very logical. If we correct the mistake with our own experience rather than my own mistake, the chances of us making that mistake again will be very low. And based on our own strategy, we can move forward with investment. I think if we want to move forward, we have to use our own knowledge and if it is correct, then someone else has to provide it.
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You have a good point but sometimes it better to take correction from your own mistakes, when we take correction from our own strategies it will get to stick to your head and you won’t make that same error again. Seeking knowledge and understanding from many source isn’t a bad idea though, we get to learn more and understand some people strategies and how they enter a trade and make a profit.
Seeking information and knowledge from those better and been in the game will help you a lot and the person will make you understand the basic and important of trading.
One thing about people is that they wouldn't to take correction from the experience of other people who are trading, though when they keeps telling them about the risk involved they wouldn't mind over looking it because they would feels is not real till they also came across it on their trading journey then they would from their mistakes.
Whenever some applied their strategies and it doesn't works as planned you would see them seeking for advise from people whom think could help them.
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You have a good point but sometimes it better to take correction from your own mistakes, when we take correction from our own strategies it will get to stick to your head and you won’t make that same error again. Seeking knowledge and understanding from many source isn’t a bad idea though, we get to learn more and understand some people strategies and how they enter a trade and make a profit.
Seeking information and knowledge from those better and been in the game will help you a lot and the person will make you understand the basic and important of trading.
One thing about people is that they wouldn't to take correction from the experience of other people who are trading, though when they keeps telling them about the risk involved they wouldn't mind over looking it because they would feels is not real till they also came across it on their trading journey then they would from their mistakes.
Whenever some applied their strategies and it doesn't works as planned you would see them seeking for advise from people whom think could help them.
We must suppress our ego when doing anything, because if our ego is big then we will ignore something that is actually good for us if we can listen to it with others. Especially if the advice comes from someone who is experienced.
Ego will always be in us, and sometimes we are overconfident, even though it is not self-confidence but rather our ego that is high.
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You have a good point but sometimes it better to take correction from your own mistakes, when we take correction from our own strategies it will get to stick to your head and you won’t make that same error again. Seeking knowledge and understanding from many source isn’t a bad idea though, we get to learn more and understand some people strategies and how they enter a trade and make a profit.
Seeking information and knowledge from those better and been in the game will help you a lot and the person will make you understand the basic and important of trading.
One thing about people is that they wouldn't to take correction from the experience of other people who are trading, though when they keeps telling them about the risk involved they wouldn't mind over looking it because they would feels is not real till they also came across it on their trading journey then they would from their mistakes.
Whenever some applied their strategies and it doesn't works as planned you would see them seeking for advise from people whom think could help them.
We must suppress our ego when doing anything, because if our ego is big then we will ignore something that is actually good for us if we can listen to it with others. Especially if the advice comes from someone who is experienced.
Ego will always be in us, and sometimes we are overconfident, even though it is not self-confidence but rather our ego that is high.
You are right that is why we shouldn't allow our pride to over weigh us while doing anything we are doing out there, and of course while trading we should be that determinant to learn from other people who are that learned than us and forget about anything else beit our younger ones we can still with respect and a good approach to them.
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We must suppress our ego when doing anything, because if our ego is big then we will ignore something that is actually good for us if we can listen to it with others. Especially if the advice comes from someone who is experienced.
Ego will always be in us, and sometimes we are overconfident, even though it is not self-confidence but rather our ego that is high.
You are right that is why we shouldn't allow our pride to over weigh us while doing anything we are doing out there, and of course while trading we should be that determinant to learn from other people who are that learned than us and forget about anything else beit our younger ones we can still with respect and a good approach to them.
I always believe that we have 2 sides or 2 personalities, I mean we have a positive side and a negative side. But when we are not aware of it, then most likely the negative side will dominate us, which ultimately makes us do unnecessary actions.
The best thing is to know ourselves, maybe we have heard here that the biggest enemy is ourselves and I agree with that.
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I always believe that we have 2 sides or 2 personalities, I mean we have a positive side and a negative side. But when we are not aware of it, then most likely the negative side will dominate us, which ultimately makes us do unnecessary actions.
The best thing is to know ourselves, maybe we have heard here that the biggest enemy is ourselves and I agree with that.
The biggest enemy is ourselves if we can't control bad emotions like greed and fear. This always haunts traders.
Both sides you said are true, we have to control the bad side of ourselves to achieve success.
Because sometimes the bad side will control the decisions we will take.
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I always believe that we have 2 sides or 2 personalities, I mean we have a positive side and a negative side. But when we are not aware of it, then most likely the negative side will dominate us, which ultimately makes us do unnecessary actions.
The best thing is to know ourselves, maybe we have heard here that the biggest enemy is ourselves and I agree with that.
The biggest enemy is ourselves if we can't control bad emotions like greed and fear. This always haunts traders.
Both sides you said are true, we have to control the bad side of ourselves to achieve success.
Because sometimes the bad side will control the decisions we will take.
Yes, that's how it is, we ourselves are the ones who can actually create the biggest problems in our lives, because there is a side where we have a negative side, be it greed, fear and so on.
We ourselves can solve this problem, because we should be the ones who know ourselves well. We must be aware of where the source of the problem is, after that we can solve it one by one.
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Yes, it is good to get the basic knowledge of trading from others because if we trade with our own knowledge, we have a lot of doubts in our minds and the knowledge and experience we gain from others helps us a lot in correcting it. However, training based on the knowledge of others alone is not enough, I think that one needs a lot of one's own knowledge as well.
If an individual aquires the necessary knowledge of trading. and understand the basic concepts and also master the risk management, and how to maximize the profits and everything that one's needs to know about trading, then you won't doubt your decision because you will be able to differentiate between the right decision and the wrong decision and you will have strong faith in your decision. If you try to copy someone how sure are you that the person is doing the right thing or not. The best thing is to acquire your own knowledge and take your own decision.
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Yes, it is good to get the basic knowledge of trading from others because if we trade with our own knowledge, we have a lot of doubts in our minds and the knowledge and experience we gain from others helps us a lot in correcting it. However, training based on the knowledge of others alone is not enough, I think that one needs a lot of one's own knowledge as well.
If an individual aquires the necessary knowledge of trading. and understand the basic concepts and also master the risk management, and how to maximize the profits and everything that one's needs to know about trading, then you won't doubt your decision because you will be able to differentiate between the right decision and the wrong decision and you will have strong faith in your decision. If you try to copy someone how sure are you that the person is doing the right thing or not. The best thing is to acquire your own knowledge and take your own decision.
Acquire your own knowledge is the best Idea and making your own decision is really right at least if your strategy and analysis fail or go as plan you will just quickly learn from your mistake and make a perfect decision. Copying one’s trade who don’t post or show the his/her analysis over the chart sometimes isn’t perfect, showing why you took a trade either buy or sell entry will give your subscriber full hope and trust for you who own the Channel. But not showing why you took buy or sell entry can really get the users who will copy the entry feel so down and that why we take risk management even after we see a trade we still stick to the plan stake what you can afford to loss and stick to risk management.
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If you try to copy someone how sure are you that the person is doing the right thing or not. The best thing is to acquire your own knowledge and take your own decision.
they have no means of knowing if that person is doing the right thing or not because they also have no idea how to make a decision in short they are not confident in what to do so they just place the trust onto someone else's hands and they just basically hope for the best and if it does not turn out the way they want it to then they are just gonna have to find another person to copy from
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they have no means of knowing if that person is doing the right thing or not because they also have no idea how to make a decision in short they are not confident in what to do so they just place the trust onto someone else's hands and they just basically hope for the best and if it does not turn out the way they want it to then they are just gonna have to find another person to copy from
I also start from that logic and if Someone chooses a trader to do such a thing and if things go wrong and then one looks for another and it turns out the same way, we will be giving away money , apart from the fact that we will not learn anything, then this is something that simply does not add up, that is why I do not see even the slightest benefit in this , I respect others , but I try to see who can make a profit and I do not see anything that would make me change my opinion.
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they have no means of knowing if that person is doing the right thing or not because they also have no idea how to make a decision in short they are not confident in what to do so they just place the trust onto someone else's hands and they just basically hope for the best and if it does not turn out the way they want it to then they are just gonna have to find another person to copy from
I also start from that logic and if Someone chooses a trader to do such a thing and if things go wrong and then one looks for another and it turns out the same way, we will be giving away money , apart from the fact that we will not learn anything, then this is something that simply does not add up, that is why I do not see even the slightest benefit in this , I respect others , but I try to see who can make a profit and I do not see anything that would make me change my opinion.
Of course, all endeavours we may undertake have to keep two things in mind, that is the desired end product and the methods of how to get it in the shortest possible time. It only makes sense that you have every right to feel doubtful if the methods you try do not work or are counterproductive. If you think that there will be no benefit getting through with such a move, it is quite reasonable. It is, therefore, true that taking risks without the possibility of getting some benefits can be considered useless if the outcome remains unaffected. It is perfectly reasonable and each of us always could have our vision of the positive aspects of action.
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In simple terms, copy trading allows you to replicate someone else's trading strategy. By using copy trading, you can benefit from potential profits while saving time. It’s especially helpful for beginners looking to earn and stay active in the market.
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Copy trading to me is not too advisable to do because those you're copying their trades will have to win before you can also win and when they lose, you also have the same effect on your account, which i doubt its something we should value to that extent because of the risk involved, most of the traders that opted in for this are the newbies in trading, they cant afford to risk losing money at their own negligence or inexperience in trading, but instead go to the professionals for trading.