Copytrading suitable?

[Charles-Tim]

Copy trading is indeed very helpful for those who are still learning on the exchange, but in my opinion copy trading does not provide good efficiency because sometimes cryptocurrency price movements are not as expected and I prefer to do my own analysis, I don't fully use copy trading because it is too risky.

Some people are making YouTube videos that they do copy trading and they make money but they do not do it in long term to actually know if copy trading will be good or not. I also do not like copy trading. It makes people to be newbies. Newbie traders are most vulnerable to exhaustion and that should be the reason they should learn about trading.

[Captain Corporate]

I wanted to go and give it a try, honestly it wasn't a bad experience, even while the price went down, someone figured out a way to make money and I can't say that I have enough proof that its bad. I got in, thinking that I would lose money, and when I saw the market down, I thought it would be a loss for me too, and then I checked and it did pretty well, which surprised me, if it did well now, wonder how well it did when the price went up. I still don't like it to be fair, I just don't have the data so far because I made money with it, I will keep using it, to see if it will keep profiting, or was this just one time lucky situation.

[TomPluz]

I don't know if it's true if he wins or not, but I still don't understand why he charges each of the users who are in his community 30usd to make his signals, and I know that's something I don't understand, I shouldn't do it, but still Things look that way, and not only with him, there are many others who are always looking for a way to make money by offering signals.

There are many Telegram groups and even in Discord offering signal services for some fees...making them making money not just on trading but also sharing how they trade that can also hopefully make followers realize some profits in trading copying the trading details. I am not a member of any of those groups because I am not so sure if copy trading can be good for me or if the signals they are sharing can really be legit. There are many things a trader should learn first before risking one's money in this profitable industry. I always feel that fear inside of me just thinking about it because I was once a victim of an auto-trading software program that ended me losing some money. I should have better bought BTC with the money I lost and I could already be "rich" today.

[LUCKMCFLY]

I don't know if it's true if he wins or not, but I still don't understand why he charges each of the users who are in his community 30usd to make his signals, and I know that's something I don't understand, I shouldn't do it, but still Things look that way, and not only with him, there are many others who are always looking for a way to make money by offering signals.

There are many Telegram groups and even in Discord offering signal services for some fees...making them making money not just on trading but also sharing how they trade that can also hopefully make followers realize some profits in trading copying the trading details. I am not a member of any of those groups because I am not so sure if copy trading can be good for me or if the signals they are sharing can really be legit. There are many things a trader should learn first before risking one's money in this profitable industry. I always feel that fear inside of me just thinking about it because I was once a victim of an auto-trading software program that ended me losing some money. I should have better bought BTC with the money I lost and I could already be "rich" today.

Yes, you're right, now what leaves me very surprised is that maybe you spent a lot of money on that, because if you were rich today, wow, it means that you did a lot of operations with high risks, I have that friend, in fact he studied in college. with me and I helped him move on to the most difficult subject at the university, even so, he never offered me to join his group and make his signals, all the time I see that he publishes his signals successfully, where he always has a positive ROI, But after that I found out that the friend we have in common stole approximately 0.8BTC from him, which seemed very bad to me and that friend really needs that money a lot and it's something he regrets.

I don't know, maybe it could be life events, but I know that he understands the Bitcoin market very well, the one he understands very well is the altcoin market and he bets and wins with it, no. I know how he does it, but he is an expert at it, thanks to that part he manages to give signals about altcoins.

[FOKA33]

To me copy trading is a 60/40 hoping to achieve one goal also as a real trader wants, though it's useful way to learn about the market potentials and it's not a guarantee way of make profits from the market. Based on the risk Involved, you should never Invest in the amount you can afford to loose. High risk higher reward, low risk lower reward.

[Rex067]

Consider the confidence boost you might experience by witnessing experts managing risks in the volatile crypto landscape. It's a chance to see firsthand how professionals navigate the unpredictable terrain, potentially inspiring a new level of assurance in your own trading endeavors.

Picture this: you're embarking on your crypto trading journey, and instead of going it alone, you have the opportunity to follow in the footsteps of experienced traders. It's like having a knowledgeable mentor right there with you, guiding you through the twists and turns of the market.


Imagine being able to replicate the strategies of these seasoned traders in real-time, observing their moves and decisions as they happen. The potential to accelerate your learning curve and gain insights into successful trading techniques becomes a tantalizing prospect.

But does copy trading truly make a difference? Can it provide a shortcut to understanding complex market dynamics and risk management? And how does it compare to traditional trading methods? These are the questions hovering in your mind

Copy trading is more valuable and has more advantage when it comes to trading. In  copy trading you can copy trades from professionals in the hope of making profits. You also get this to your understanding that the past doesn't  indicate of the future.

[taufik123]

Copy trading is more valuable and has more advantage when it comes to trading. In  copy trading you can copy trades from professionals in the hope of making profits. You also get this to your understanding that the past doesn't  indicate of the future.

Don't be too fascinated with copy trading, there comes a point where you will lose your profits due to bad market conditions.
Before you know, copy trading, I have used it and it does not always provide profits.

The past will not show the future, but the past becomes a warning for the future.
You need to do your own analysis and not just rely on copy trading, even if you are a professional.

[TopT3ns]

Don't be too fascinated with copy trading, there comes a point where you will lose your profits due to bad market conditions.
Before you know, copy trading, I have used it and it does not always provide profits.

The past will not show the future, but the past becomes a warning for the future.
You need to do your own analysis and not just rely on copy trading, even if you are a professional.

Agree, Copy Trading should be used as a supporting material that needs to be studied further. So that studying these movements will give us knowledge about how to analyze cryptocurrency price movements. As long as we are willing to learn something new, we will have the potential to be better than before.

[Charles-Tim]

Don't be too fascinated with copy trading, there comes a point where you will lose your profits due to bad market conditions.
Before you know, copy trading, I have used it and it does not always provide profits.

The past will not show the future, but the past becomes a warning for the future.
You need to do your own analysis and not just rely on copy trading, even if you are a professional.

Agree, Copy Trading should be used as a supporting material that needs to be studied further. So that studying these movements will give us knowledge about how to analyze cryptocurrency price movements. As long as we are willing to learn something new, we will have the potential to be better than before.

I do not accept this. Copy trading will only make someone that wants to become a trader to be lazy, not to learn about trading and he will make the person to lack knowledge as the person will depend on other traders which can even still lose. If you are a copy trader, how will you learn about indicators, analyses and trading strategies. You will not want to learn it until copy trading teach the lesson of loss as the trader he copying failed and lose. That is when the trader will realize that he needs to learn how to trade on his own.

[Mr. Magkaisa]

Don't be too fascinated with copy trading, there comes a point where you will lose your profits due to bad market conditions.
Before you know, copy trading, I have used it and it does not always provide profits.

The past will not show the future, but the past becomes a warning for the future.
You need to do your own analysis and not just rely on copy trading, even if you are a professional.

Agree, Copy Trading should be used as a supporting material that needs to be studied further. So that studying these movements will give us knowledge about how to analyze cryptocurrency price movements. As long as we are willing to learn something new, we will have the potential to be better than before.

       -    I respect your perception on this matter mate, Because, for me, copy trading is lazy, most of those who enter it do not really study the concept of trading.
Of course, they will only hope that the money will be put in there where they copied the trading so that they can get a profit.

So what will be the materials for those who copied to learn? Also, copying is never good, in my opinion, so how can you learn if you just copy trade? It's just what I see.

[Dr.Bitcoin_Strange]

Copy trading is indeed very helpful for those who are still learning on the exchange, but in my opinion copy trading does not provide good efficiency because sometimes cryptocurrency price movements are not as expected and I prefer to do my own analysis, I don't fully use copy trading because it is too risky.

Some people are making YouTube videos that they do copy trading and they make money but they do not do it in long term to actually know if copy trading will be good or not. I also do not like copy trading. It makes people to be newbies. Newbie traders are most vulnerable to exhaustion and that should be the reason they should learn about trading.

You are right. @Charles- Tim, I don't even know why some people, mostly newbies, will sell their minds to copy trading, while the majority of people on social media who are giving trading signals are just deceiving newbies and at the same time monetizing their social media handles with the trading content they post, whereas they themselves are not even trading. Those social media influencers might be earning more money from the content they are posting, and their viewers can be losing a lot of money because they are the ones carrying out the real trade with the fake signals they get online. 

Left for me alone, I don't find it necessary to use copy trade; it's better to just carefully learn how to trade. 

[Chilwell]

I agree with you that by doing copytrading we may get less knowledge than we analyze ourselves, because by doing copytrading it is the same as we take it for granted, or in other words we don't know anything and we just follow.

My advice is better to do it yourself, process from scratch, it may take a little long for us to really be able to trade, but it's better than just relying on others, moreover it also does not guarantee us a profit.

Copytrading is not always advisable. Instead, it's better to develop your own skills and acquire knowledge from the basics. This approach allows you to understand the concepts more thoroughly and gain practical experience.

Having a role model or mentor can be beneficial, but it's essential to acquire your own knowledge first. With a solid foundation in trading, you'll find it easier to understand your mentor's guidance and gain more valuable insights from their experience.

[Findingnemo]

You won't learn a thing via copytrading, you will just keep playing with your capital all the time and its not really worth comparing a mentor who guides us in right path. No experienced trader will recommend doing copy trading either also there's no guarantee that the one who were seasonal will be making profits while your copy them. But you know what those big traders has the risk tolerance level of losing capital but us may not so don't take risk on someone's skill just do it when you trust your skills and focus on spot trading.

[Rruchi man]

Picture this: you're embarking on your crypto trading journey, and instead of going it alone, you have the opportunity to follow in the footsteps of experienced traders. It's like having a knowledgeable mentor right there with you, guiding you through the twists and turns of the market.

The bad thing with copy trading is that many new traders who copy trade forget what they can potentially stand to benefit from copy trading and just completely start depending on these professionals that they are copying their trade to make profit from them without devoting anymore time to even trying to acquire more knowledge on their own. If you continue to engage in copytrading, make plans to acquire your own knowledge and take the role of the one whose strategy is being imitated rather than continuing to be the one who is doing the copying.

[Aanuoluwatofunmi]

There is suitability in trading when we are well to do in it, some can managed to afford taking the risk to trade and make their money form it, while some are not sure of what they can make or have concerning trading, but i don't really buy the idea for using copy trading, though this may be affordable by some beginners who are scared of losing, but the experienced ones will not take the challenge up in trading such way.