Copytrading suitable?

[Asiska02]

Copy trading is mainly done by people to make easy money where they do not have much knowledge in this trade. When you start trading depending on others, you won't gain much experience and you won't be well-informed in the future. If you take the advice of copy trading or bot trading then I would say it's a very good venture you won't get experience here. That's why if you start trading with your own knowledge, it will give you good experience in future and you can become a successful trader someday.

When a person decides to go for copy trading, u will still advise them to also have even though it is the basic knowledge of the market because it’ll help them well during trading. You can’t be copy trading and not have the knowledge of risk management which cannot be taught to you even as you rely on their trades to make money. Copy trading may be a suitable way to make more money for people that wants extra income to what they already had but don’t have enough time to learn trading by themselves. It has its own backlogs and one of them is the inability to manage your trades well, when to exit and enter the market when you've already missed an entry. The most vital part being able to have the knowledge of risk management in the market.

[Mia Chloe]

As the name "Copy Trade" I think, It's just a very risky way because the way is to watch and follow the trading of a broker who is already a professional trader, Of course this will be profitable for the Copy Trade owner because he has bought when the price is cheap and will sell it to make a profit and make those who following could potentially get stuck.

If you observe closely you find out that copy trading is something most persons with huge capital but little knowledge about trading often do. Many of them have big businesses or stronger sources of income but make use of trading signals as more of a side hustle to earn extra cash.

Copy trading has a couple of disadvantages especially because of the fact that you don't know exactly how valid that particular setup may be at the moment so you may likely end up risking blindly unlike if it's your analysis.

[libert19]

I like to be independent and as such I never liked the idea of copy trading. I would rather make my own trades and learn accordingly, and get better with each next one, also knowledge gained here with trial & error is paramount to me.

[Azharul]

I like to be independent and as such I never liked the idea of copy trading. I would rather make my own trades and learn accordingly, and get better with each next one, also knowledge gained here with trial & error is paramount to me.

Actually, we should trying to be independent traders in crypto currency would. Because if we follow in best crypto currency traders, we can see that they could be successful there won intelligent and knowledge in cryptocurrency market. Because we know that if we want to get best profit from cryptocurrency market, we must understand in cryptocurrency market and trading system. Because crypto currency market always depending on up and down. So in this situation knowledge is very important issues for earn best profit in crypto trading system.