How copy trading bots can boost your Crypto Profits?

[JISAN]

Copy trading works well in many cases if one can copy an expert. In the case of copy training, there are many people trading with very small amount of money at high leverage due to which their PNL is very large positive, seeing this, many people start copying their training with large funds, and then they liquidate their large funds.

I never advise anyone to copy trade and do not support copy-trading.  It is always better to trade with your own knowledge and analysis, even if you lose, you can learn a lot and gain a lot of experience.

[Nheer]

Copy trading works well in many cases if one can copy an expert. In the case of copy training, there are many people trading with very small amount of money at high leverage due to which their PNL is very large positive, seeing this, many people start copying their training with large funds, and then they liquidate their large funds.

I never advise anyone to copy trade and do not support copy-trading.  It is always better to trade with your own knowledge and analysis, even if you lose, you can learn a lot and gain a lot of experience.

copying a trade or signal from someone who is a professional or very experienced trader isn’t a bad idea at all, but at times those professionals traders do have a larger equity and they can risk more than your capital over a single trade however, when you copy that same signal and place the entry you will end being in bigger loss of the market didn’t just go as predicted.
 Even after copying a signal from telegram groups or even paid signal groups try and apply risk management to not let your capital get sweep away by the market. Some are really making huge profits just by copying ones signal but my advise is always apply risk management.
 
But having your own knowledge is really a big step for oneself cause you can enter a trade anytime you see an opportunity and anytime the market flows along with your strategy. Not waiting for the group or your source of signal to drop a entry before you can trade. Having knowledge will give you big ups over the market and you can be a boss of yourself and easily you can learn from your mistakes and adjust your strategies and skills.

[doc]

Copy trading works well in many cases if one can copy an expert. In the case of copy training, there are many people trading with very small amount of money at high leverage due to which their PNL is very large positive, seeing this, many people start copying their training with large funds, and then they liquidate their large funds.

I never advise anyone to copy trade and do not support copy-trading.  It is always better to trade with your own knowledge and analysis, even if you lose, you can learn a lot and gain a lot of experience.

I agree with you, in trading we should do our own analysis and strategy, because if we experience defeat we can know where our mistakes are.
I also disagree with copy trading, because we don't know if those whose strategies we copy are really experts.

[enwi]

Copy trading works well in many cases if one can copy an expert. In the case of copy training, there are many people trading with very small amount of money at high leverage due to which their PNL is very large positive, seeing this, many people start copying their training with large funds, and then they liquidate their large funds.

I never advise anyone to copy trade and do not support copy-trading.  It is always better to trade with your own knowledge and analysis, even if you lose, you can learn a lot and gain a lot of experience.

Of course, every single decision that happens at the time of buying and selling of assets comes with its own degree of risk and to blindly follow what others are doing without understanding the rationale behind each of them can lead to a lot of things that are not very desirable. This simply means that whenever one follows the way others work without knowing why they do so, the outcome is not always desirable. In other words, this means the change in the market does not mean that one simply imitates success strategies from someone else’s actions, every step must be adapted to the existing conditions. There are a number of disadvantages of going through the process yourself but it does take time to learn the process of managing assets and being able to handle different capacities that are possible.

[Findingnemo]

Copy trading isn't a trading, you are just taking a gamble based on someone's choice, it can generate money but it's sustainable? I don't think so. Spot trading is the least risky method of all and if you can't do that then I would say don't try trading it can end up badly and the market will take the blame because of the users mistake.

[Rruchi man]

Anyway it's up to you guys, like what do you think of copy trading bots? Are you willing to try them?

If you know how to use crypto trading bots and do not know how to trade on your own, you are not a trader. If you must use bots for trading, make sure you have knowledge of trading already.

[debra]

Anyway it's up to you guys, like what do you think of copy trading bots? Are you willing to try them?

If you know how to use crypto trading bots and do not know how to trade on your own, you are not a trader. If you must use bots for trading, make sure you have knowledge of trading already.

Exactly, whatever it is, when entering the world of trading, it would be much better if we have to have an understanding and ability to trade. If not, it really won't be that optimal. Maybe we see people so easily using copy trading, and have managed to get a lot of profit from it. But if we practice it just relying on trading bots or crypto trading without having an understanding of it all, the results will not be as good as theirs, and in fact still have a high risk of trading. So whatever it is, indeed, knowledge is a must.

[Nheer]

Anyway it's up to you guys, like what do you think of copy trading bots? Are you willing to try them?

If you know how to use crypto trading bots and do not know how to trade on your own, you are not a trader. If you must use bots for trading, make sure you have knowledge of trading already.

Exactly, whatever it is, when entering the world of trading, it would be much better if we have to have an understanding and ability to trade. If not, it really won't be that optimal. Maybe we see people so easily using copy trading, and have managed to get a lot of profit from it. But if we practice it just relying on trading bots or crypto trading without having an understanding of it all, the results will not be as good as theirs, and in fact still have a high risk of trading. So whatever it is, indeed, knowledge is a must.

Nothing is much comparable than having knowledge, you will have to make some decisions yourself not by relaying on someone or bot. Trading without knowledge is just like farmer without a hoe cause there are some basic things one need to have knowledge about the trading to understand much better and make things a bit easy for you. So having a knowledge really gives bigger advantage over some traders without knowledge. You can relay on bot and other traders signal but being your own boss is really a good idea, to learn from your mistakes and know what strategies suits you.

[doc]

Nothing is much comparable than having knowledge, you will have to make some decisions yourself not by relaying on someone or bot. Trading without knowledge is just like farmer without a hoe cause there are some basic things one need to have knowledge about the trading to understand much better and make things a bit easy for you. So having a knowledge really gives bigger advantage over some traders without knowledge. You can relay on bot and other traders signal but being your own boss is really a good idea, to learn from your mistakes and know what strategies suits you.

I agree with your analogy, in trading we become our own boss. So we must have knowledge and make analysis in trading. Because trading without knowledge is like gambling, just relying on luck. Trading requires a process to become an expert so we must always learn and practice.

[DavetJack]

Nothing is much comparable than having knowledge, you will have to make some decisions yourself not by relaying on someone or bot. Trading without knowledge is just like farmer without a hoe cause there are some basic things one need to have knowledge about the trading to understand much better and make things a bit easy for you. So having a knowledge really gives bigger advantage over some traders without knowledge. You can relay on bot and other traders signal but being your own boss is really a good idea, to learn from your mistakes and know what strategies suits you.

I agree with your analogy, in trading we become our own boss. So we must have knowledge and make analysis in trading. Because trading without knowledge is like gambling, just relying on luck. Trading requires a process to become an expert so we must always learn and practice.

Yes, your words are very logical. The more knowledge we can gain in trading, the easier trading will be for us. If we correct the mistake from my own mistakes and with my own experience, the chances of us making that mistake in the future will be very low. But we will try to stay with the investment for the long term. And based on our own strategy, we can move forward with the investment. I think if we want to move forward, we have to use our own knowledge and if it is correct, then someone else will provide it.

[LUCKMCFLY]

I agree with your analogy, in trading we become our own boss. So we must have knowledge and make analysis in trading. Because trading without knowledge is like gambling, just relying on luck. Trading requires a process to become an expert so we must always learn and practice.

And that is the main reason why I do not believe in copy trading bots, personally I will always prefer to trade under my own criteria, most of the bots that are Copy trading now are using the AI ​​​​mode, which I do not like either, AI bots are something very new, I do not see them as reliable and that is why the majority of people who have used a bot to trade, copy trading, it never goes well for them, so basically what you say about trading is only what makes any trader great.