What are the Benefits of copy trading?

[LUCKMCFLY]

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.

[JISAN]

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

[Hisbullah]

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.

[Aanuoluwatofunmi]

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.

[nakmantu99]

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.

[Vx1]

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.

[ZAINmalik75]

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.

[bayu7adi]

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...

[LogitechMouse]

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?

[Mr. Magkaisa]

       -      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.

[Themepen]

       -      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.

[smartaction]

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.

[LUCKMCFLY]

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.

[JISAN]

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

[LUCKMCFLY]

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.