What are the Benefits of copy trading?

[bayu7adi]

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.

Actually, it's one of the annoying things, where we are always charged when we get profit, and the amount is quite large... my last experience was quite bad for copy trading results on binance, losing 20% ​​due to lack of comfort when entrusting our assets to others... it's true, the advantage is that we can avoid emotional decisions that can damage trading plans, but it doesn't make us grow....

For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.

[$crypto$]

For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.

Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.

You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.

[gunhell16]

Maybe if you are the one who copy trades for other crypto communities to copy, you can tell if it is really beneficial for you. Because other investors who are lazy to trade and know nothing about trading will trust you.

Now, if you yourself are the one who copies the trading of a trader, I think the profit he will get is small and it depends on how many of you entered the copy trading that he entered, then if the set-up made by a copy trading is wrong, he will not earn anything for sure in the end.

[Muneeb22]

Crypto trading is one of the best option in the online market and so many peoples will make so many money and they through this way in just 24 hours make millions of dollars and almost peoples will copy the trading of those peoples which are expert in trading and they make good money, copy trading benefit is that we don,t need to analyse the market and we get good profit in the crypto market.

[SmartGold01]

Well, I don't really support copy trading because it's very risky and you need enough fund to be able to hold on to long position, if you don't have enough to liquidate for long run and the person you are copying has, you could be swipe off from the position while others continues. To me it's important to remain on spot trading or even to trade alone without even copy trade anyone otherwise you would lose, but most time it all depends on your trade size to keep you on a long position.

[LUCKMCFLY]

Actually, it's one of the annoying things, where we are always charged when we get profit, and the amount is quite large... my last experience was quite bad for copy trading results on binance, losing 20% ​​due to lack of comfort when entrusting our assets to others... it's true, the advantage is that we can avoid emotional decisions that can damage trading plans, but it doesn't make us grow....

For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.

It is very true, for that reason I prefer to read, learn, watch videos, everything that teaches me to do trading well, because with copy trading, despite all that, we don't learn absolutely anything, it's like being there but not being there, so those things don't make sense to me, that's why it's good for us to be a little more realistic and be able to do our best to benefit ourselves in every way, learning doesn't hurt, at the moment that we no longer want someone else to operate for us and take our money, it's better.

[Celph]

Copy trading offers an easy and convenient option for individuals who want to earn from trading without investing significant time in learning about how the market works. While it may seem like an easy shortcut, it is not an ideal method for traders who aim to achieve long-term success. Copying the trades of experienced traders does not guarantee consistent profits. If the copied trader makes poor decisions, those following them will also face similar losses.

For anyone who wish to build a career in trading, it is far more beneficial to invest time and effort into learning the necessary skills and knowledge. By understanding the market, traders can take decisions by themselves and take control of their success rather than relying heavily on others.

Well, everybody literally wants to earn while trading,no one wants to anticipate loss at all and that's why you see most individuals going into copy trading maybe afrer realising much losses,they go into copy trading then since their way of trading isn't or might not be efficient for them enough.
I particularly despise copy trading entirely alot for plenty reasons. I think it makes you not reliable on yourself acctually and keeps you on a spot where you cannot particularly decide your future cause another person sits on his laptop deciding your trading future for you while it might not or surely yield profit Like a story where the hare goes to the river everyday catching alot of fishes and while coming back,he gives the tortoise one fish out of the many he caught.then one day,the tortoise asked the hare to teach him how to catch fishes so he could stop getting peanuts(one fish) everyday.
   Applying this,i think rather than not being sure whether or not that trading decision someone has given you, individuals should take time and learn even though it takes months or alot of time,the end result is always beautiful .

[JusticeDeGreat]

Copy trading as that type of trading that allows one to copy or mimic the deals of popular investors,  copy professionals trading features and styles. The benefit of this is that, new subscribers are given the opportunity to borrow trading experiences from professional traders. New subscribers buys assets when professionals buy, sell when they sell also. It's like a guide in becoming a professional trader. And it also helps those who do not want to spend much time in the market.

[LogitechMouse]

Copy trading as that type of trading that allows one to copy or mimic the deals of popular investors,  copy professionals trading features and styles. The benefit of this is that, new subscribers are given the opportunity to borrow trading experiences from professional traders. New subscribers buys assets when professionals buy, sell when they sell also. It's like a guide in becoming a professional trader. And it also helps those who do not want to spend much time in the market.

No, it isn't a guide in becoming a professional trader, but it's a lazy way to earn money in trading. Of course, losing money in copy trading is a given already, but copy trading isn't a way for newbie traders to become professional in trading.
Just a few months ago, I said here that I doubled my money with the help of some expert trader out there that I copy-traded. I stopped copying him when I saw losses in his trades, and I ended up making a few bucks only. With what happened, I realized that if we want to copy-trade, we need to get some of our capital as well, leaving the potential profits behind. I mean that would be a better approach for me.

[Chilwell]

For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.

Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.

You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.

That's why it is advisable to aquire knowledge and understanding before trading, you have to be dependent and responsible, with this you will be able to develop new skills. Whatever Your experience is, either it's good or bad, is will also serve as a lesson to you and it will encourage and motivate you and you will be able to manage and maintain your business, also you will be able to overcome all the difficulties and challenges that come your way. But if you decided to copy someone on how he is managing is business, sometimes it will let you down, because what if you come across a kind of challenge that you have not witnessed the person experience before, how will you think of a solution to yourself because what if you encounter a challenge that your copy trading mentor or the person you're following has never experienced before, How will you come up with a solution on your own.

[Penlex_Writer]

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 as a benefits helps in different ways,it's helps someone to access to another trader expertise,and also signal providers can earn more additional money from traders as well.

[enwi]

For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.

Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.

You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.

That's why it is advisable to aquire knowledge and understanding before trading, you have to be dependent and responsible, with this you will be able to develop new skills. Whatever Your experience is, either it's good or bad, is will also serve as a lesson to you and it will encourage and motivate you and you will be able to manage and maintain your business, also you will be able to overcome all the difficulties and challenges that come your way. But if you decided to copy someone on how he is managing is business, sometimes it will let you down, because what if you come across a kind of challenge that you have not witnessed the person experience before, how will you think of a solution to yourself because what if you encounter a challenge that your copy trading mentor or the person you're following has never experienced before, How will you come up with a solution on your own.

It’s a very valuable step learning the basics first before you even start anything in life, and the world of trading is no exception. Every experience, whether it is failure or success, always teaches us something very important, We are never enough. Although there are degrees of learning that we can learn from others, we must find our own way of thinking to address many unpredictable situations. In that way we can find solution that fits the conditions and what we need. In this manner, we get further confidence to run business and sustained in any situation. This is one of those things where, in general it is more about the results and less about whether we will continue to learn and grow.

[vegasus]

For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.

Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.

You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.

True, there is nothing wrong with trying new things to develop skills and abilities. But still make sure that we really understand what we want to do with the new thing. We may decide to enter the new expert but on the other hand, we must also prepare it well beforehand, especially the ability and knowledge, so that we are not really blank to do it. And moreover, once again, understanding the risk is very important so that we can consider and manage the existing risks very well. Moreover in trading, whether we use copy trading or not, it will be always risky, and the risk how big, will depend on our capability.

[doc]

For those of you who are still curious about copy trading, there's nothing wrong with trying... but you also have to be wise in deciding because pampering things is not good enough for the long term.

Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.

You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.

True, there is nothing wrong with trying new things to develop skills and abilities. But still make sure that we really understand what we want to do with the new thing. We may decide to enter the new expert but on the other hand, we must also prepare it well beforehand, especially the ability and knowledge, so that we are not really blank to do it. And moreover, once again, understanding the risk is very important so that we can consider and manage the existing risks very well. Moreover in trading, whether we use copy trading or not, it will be always risky, and the risk how big, will depend on our capability.

New things are also good if we try to do research and make analysis.
In trading, we should make our own analysis and predictions and do not do copy trading because it requires good skills in trading, we should seek experience by observing coins or projects in the crypto market and making fundamental and technical analysis.

[$crypto$]

Yes, there is nothing wrong with trying something new, but you have to remember the risks, because not necessarily by using copy trading we immediately get profit.

You are right, it should not be done in the long term or we become dependent, because it is better to develop the potential that we have. Because when we continue to use copy trading, our knowledge may not increase.

True, there is nothing wrong with trying new things to develop skills and abilities. But still make sure that we really understand what we want to do with the new thing. We may decide to enter the new expert but on the other hand, we must also prepare it well beforehand, especially the ability and knowledge, so that we are not really blank to do it. And moreover, once again, understanding the risk is very important so that we can consider and manage the existing risks very well. Moreover in trading, whether we use copy trading or not, it will be always risky, and the risk how big, will depend on our capability.

Well sometimes some people do something that they don't usually do because they are desperate because what they have been doing so far has not had good development. So when that happens I think it also has a greater risk too.

We have to come in a state that is truly ready, I mean we come not because we are forced to do it, we want to find out and try new things.