What are the Benefits of copy trading?

[target]

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.

[taufik123]

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.

[Mr. Magkaisa]

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.

[BitMaxz]

        -      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.

[ZAINmalik75]

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.

[kulkhan]

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.

[electronicash]

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?

[albon]

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.

[bitterguy28]

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

[LogitechMouse]

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.

[Baki202]

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.

[jeraldskie11]

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.

[Vx1]

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.

[doc]

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.

[Chilwell]

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.