What are the Benefits of copy trading?

[$crypto$]

Newbies have less patience. After coming to crypto, they quickly seek success. Without prioritizing such knowledge, they start looking for coins that will be able to make some profit from their investment. Due to lack of proper knowledge, they buy some coins and later fail to withdraw their investment from them. That is why beginners should survive in the market with patience. Although many people can get rich quickly by investing in cryptocurrencies, the same is not likely to happen in the case of all. That is why you should not come to get rich quickly and gain good knowledge about the market. When the knowledge limit increases, the possibility of becoming profitable from investment will be created.

If they are beginners I would say that it is very natural, because I may have only thought that in the beginning, but as time went by I began to realize things that could finally make me change my mindset.

I also think most of us when we enter here will also have more or less the same thoughts. Quick profits and so on are annoying, yes that is wrong but it is natural for beginners to feel.

[VickkyAde]

Imo, Copy trading is just a sham. It might be because of my few experiences copy trading but those that I end up copying end up being total frauds despite claiming to be skilled.

[rizqillah]

Newbies have less patience. After coming to crypto, they quickly seek success. Without prioritizing such knowledge, they start looking for coins that will be able to make some profit from their investment. Due to lack of proper knowledge, they buy some coins and later fail to withdraw their investment from them. That is why beginners should survive in the market with patience. Although many people can get rich quickly by investing in cryptocurrencies, the same is not likely to happen in the case of all. That is why you should not come to get rich quickly and gain good knowledge about the market. When the knowledge limit increases, the possibility of becoming profitable from investment will be created.

If they are beginners I would say that it is very natural, because I may have only thought that in the beginning, but as time went by I began to realize things that could finally make me change my mindset.

I also think most of us when we enter here will also have more or less the same thoughts. Quick profits and so on are annoying, yes that is wrong but it is natural for beginners to feel.

for beginners, you really have to seek experience and have knowledge. I used to be like that, wanting to expect profits quickly and of course hoping for big profits, but I experienced losses and started practicing and doing research.
finally I understood my mistakes at the beginning, I had to learn and make analysis.

[enwi]

for beginners, you really have to seek experience and have knowledge. I used to be like that, wanting to expect profits quickly and of course hoping for big profits, but I experienced losses and started practicing and doing research.
finally I understood my mistakes at the beginning, I had to learn and make analysis.

Gaining knowledge through experience can indeed be regarded as one of the most important mechanisms in any of the process that the society under go through. In the first stages, there may be a wished for outcome with out first thinking about all of the potentialities which are likely to affect the actions to be made. However, years later, we start to see that it is not only a matter of achieving that success but also of developing a better understanding of it. Losing, therefore does not translate to failure but having an occasion to consider the manner in which the work is being done with a view of improving it. The ability to analyse every condition that exists allows the achieving of the goal to be better prepared for various circumstances without making the same mistakes again while practising patience and continuing one’s learning throughout.

[bayu7adi]

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?

if you win more often in trading you will indeed get big profits, but you will start to feel dependent on copy trading and it will be the only support for you which of course is dangerous... if you lose, of course you will lose money...

The advantage is that with copy trading, it offers convenience because you don't need to learn about trading, but you also won't develop because you don't have good data and analysis results. IMO, copy trading is only suitable to try in the short term, in the long term it will not make us grow...

[B@@@]

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?

I think copy trading can be a bad thing for a beginner. Trading is not as easy as it sounds. If you don't learn trading and just want to make money by copying others, you might make a profit. But you will never be a real trader. A trader is not always a profit maker. If you are a copy trader and face losses, you might look down on that trader. Or you will lose interest in trading. That can be harmful to you.

[LogitechMouse]

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I think copy trading can be a bad thing for a beginner. Trading is not as easy as it sounds. If you don't learn trading and just want to make money by copying others, you might make a profit. But you will never be a real trader. A trader is not always a profit maker. If you are a copy trader and face losses, you might look down on that trader. Or you will lose interest in trading. That can be harmful to you.

Who cares if you will learn trading or not? As long as you make money in trading, who cares, right?
Kidding aside, I don't want to say that copy trading is bad for a beginner, but if you want to pursue trading and learn it, copy trading really is a bad start.

Trading isn't easy especially for newbies out there that's why we always say when you're a newbie in trading, expect that you will lose your money in your first trades. Copy trading can be profitable in the short term (I've experienced it already), but in the long run, I don't see it as profitable as many sees it. It's still better if you are a trader instead of copying others for the sake of profit. As for you looking down on that trader, that lead trader doesn't care at all because at the end of the day, you can just criticize him, but he doesn't care about your money.

Copy trading has it's benefits, and it will all depends on the trader on how to utilize it.

[LUCKMCFLY]

Copy trading has it's benefits, and it will all depends on the trader on how to utilize it.

I don't doubt it, I think that in my case I have not had any luck with such a thing, neither with this nor with groups of signals or something like that, because it is something that I have always tried and it doesn't give me results, it is something difficult, because I prefer to use my knowledge and do my own operations even if I make mistakes and don't win.

I have seen some who have had luck with this copy trading thing , but for me it all Depends on the luck of the person and the operator they choose.

[pieppiep]

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I think copy trading can be a bad thing for a beginner. Trading is not as easy as it sounds. If you don't learn trading and just want to make money by copying others, you might make a profit. But you will never be a real trader. A trader is not always a profit maker. If you are a copy trader and face losses, you might look down on that trader. Or you will lose interest in trading. That can be harmful to you.

Who cares if you will learn trading or not? As long as you make money in trading, who cares, right?
Kidding aside, I don't want to say that copy trading is bad for a beginner, but if you want to pursue trading and learn it, copy trading really is a bad start.

Trading isn't easy especially for newbies out there that's why we always say when you're a newbie in trading, expect that you will lose your money in your first trades. Copy trading can be profitable in the short term (I've experienced it already), but in the long run, I don't see it as profitable as many sees it. It's still better if you are a trader instead of copying others for the sake of profit. As for you looking down on that trader, that lead trader doesn't care at all because at the end of the day, you can just criticize him, but he doesn't care about your money.

Copy trading has it's benefits, and it will all depends on the trader on how to utilize it.

Although there was an early argument to suggest that copy trading was not recommendable especially to beginners, this claim is far from being accurate. Indeed, for many beginners, it can become the means of familiarising themselves with the market without being quickly drawn into large mistakes that will cost money. Not everyone can devote time and effort to analyse charts and news on a daily basis, therefore, Copy trading is quite a rational thing to do if you have a chance to follow an experienced trader. Of course, trading carries some amount of risk and the best no loss guarantee is in fact false, but it does not mean that copy trading for earning is completely non lucrative in in the long run. That said, there are various influences to the outcomes; in particular, the strategy as well as who we imitate.

[LUCKMCFLY]

Of course, trading carries some amount of risk and the best no loss guarantee is in fact false, but it does not mean that copy trading for earning is completely non lucrative in in the long run. That said, there are various influences to the outcomes; in particular, the strategy as well as who we imitate.

It is very difficult to find an experienced trader to trade and copy their strategies, their trades, because even if they are very good, they will make mistakes in some ways, and it is extremely difficult to find a trader who is 85% profitable. I have followed many , and the truth is that they say that their signals are 100% reliable, but they give a number of signals of about 30 per hour, it is impossible for them to be done and only two bad signals or two bad trades come out, with that you have to lose capital when you have little money and what you are looking for is precisely to save money or not spend a lot.

[rizqillah]

Of course, trading carries some amount of risk and the best no loss guarantee is in fact false, but it does not mean that copy trading for earning is completely non lucrative in in the long run. That said, there are various influences to the outcomes; in particular, the strategy as well as who we imitate.

It is very difficult to find an experienced trader to trade and copy their strategies, their trades, because even if they are very good, they will make mistakes in some ways, and it is extremely difficult to find a trader who is 85% profitable. I have followed many , and the truth is that they say that their signals are 100% reliable, but they give a number of signals of about 30 per hour, it is impossible for them to be done and only two bad signals or two bad trades come out, with that you have to lose capital when you have little money and what you are looking for is precisely to save money or not spend a lot.

in my personal opinion in trading we have to make our own analysis, no need to follow other traders' signals, because the signals they share are not accurate.
We have to learn by ourselves, because this is more important.
I never copy other traders. because we have to train our own skills until we become experts

[enwi]

in my personal opinion in trading we have to make our own analysis, no need to follow other traders' signals, because the signals they share are not accurate.
We have to learn by ourselves, because this is more important.
I never copy other traders. because we have to train our own skills until we become experts

Every trader, of course, has his own approach and referring to one’s own adjustment is indeed more convincing. partially it can reach full autonomy with no reliance on other people’s opinions and, thus, it gives full control over the strategy which is being run in the market. It is dangerous to rely so much on signals from other parties as this may make one lose skills that need to be practised from time to time. Learning from experience on own side is actually more effective in performing various conditions that are always altering. Thus, there is no such thing as an immediate mastery in this field, it takes time, perseverance and effort in analysing market trends.

[DavetJack]

Newbies have less patience. After coming to crypto, they quickly seek success. Without prioritizing such knowledge, they start looking for coins that will be able to make some profit from their investment. Due to lack of proper knowledge, they buy some coins and later fail to withdraw their investment from them. That is why beginners should survive in the market with patience. Although many people can get rich quickly by investing in cryptocurrencies, the same is not likely to happen in the case of all. That is why you should not come to get rich quickly and gain good knowledge about the market. When the knowledge limit increases, the possibility of becoming profitable from investment will be created.

If they are beginners I would say that it is very natural, because I may have only thought that in the beginning, but as time went by I began to realize things that could finally make me change my mindset.

I also think most of us when we enter here will also have more or less the same thoughts. Quick profits and so on are annoying, yes that is wrong but it is natural for beginners to feel.

for beginners, you really have to seek experience and have knowledge. I used to be like that, wanting to expect profits quickly and of course hoping for big profits, but I experienced losses and started practicing and doing research.
finally I understood my mistakes at the beginning, I had to learn and make analysis.

We can gain quite a bit of knowledge from various posts about trading from many sources. But apart from this, if we do not have our own knowledge, then we will never be able to do anything good in trading. Because based on our own knowledge, the logical things of trading can be sure, but not so much from the knowledge given by others. Whatever you do from the knowledge of others will go through doubt, but if your knowledge is added to it, then you will definitely be able to do well.

[rizqillah]

We can gain quite a bit of knowledge from various posts about trading from many sources. But apart from this, if we do not have our own knowledge, then we will never be able to do anything good in trading. Because based on our own knowledge, the logical things of trading can be sure, but not so much from the knowledge given by others. Whatever you do from the knowledge of others will go through doubt, but if your knowledge is added to it, then you will definitely be able to do well.

Having knowledge from many people is good, especially in trading we need a lot of knowledge and experience.
I call it self-experience, because by learning from our own experience we can more easily know the weaknesses and mistakes that we have made that have caused losses and we can fix them in order to make a profit.

[LUCKMCFLY]

in my personal opinion in trading we have to make our own analysis, no need to follow other traders' signals, because the signals they share are not accurate.
We have to learn by ourselves, because this is more important.
I never copy other traders. because we have to train our own skills until we become experts

Yes, and I agree with what you say, because that's how things really work in life. It's better for us to learn what happens when we trade. We must learn to Operate , to understand the market. People who understand the market operate well , at least they have more Winning trades than losing ones, and that's all that matters. As long as that premise is met, everything is fine , regardless of the amount. That's something that always has to happen. If not, we are probably seeing the Market in the wrong way.