What are the Benefits of copy trading?

[DavetJack]

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.

Yes, it is good to get the basic knowledge of trading from others because if we trade with our own knowledge, we have a lot of doubts in our minds and the knowledge and experience we gain from others helps us a lot in correcting it. However, training based on the knowledge of others alone is not enough, I think that one needs a lot of one's own knowledge as well.

[Nheer]

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.

Yes, it is good to get the basic knowledge of trading from others because if we trade with our own knowledge, we have a lot of doubts in our minds and the knowledge and experience we gain from others helps us a lot in correcting it. However, training based on the knowledge of others alone is not enough, I think that one needs a lot of one's own knowledge as well.

You have a good point but sometimes it better to take correction from your own mistakes, when we take correction from our own strategies it will get to stick to your head and you won’t make that same error again. Seeking knowledge and understanding from many source isn’t a bad idea though, we get to learn more and understand some people strategies and how they enter a trade and make a profit.

 Seeking information and knowledge from those better and been in the game will help you a lot and the person will make you understand the basic and important of trading.

[DavetJack]

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.

Yes, it is good to get the basic knowledge of trading from others because if we trade with our own knowledge, we have a lot of doubts in our minds and the knowledge and experience we gain from others helps us a lot in correcting it. However, training based on the knowledge of others alone is not enough, I think that one needs a lot of one's own knowledge as well.

You have a good point but sometimes it better to take correction from your own mistakes, when we take correction from our own strategies it will get to stick to your head and you won’t make that same error again. Seeking knowledge and understanding from many source isn’t a bad idea though, we get to learn more and understand some people strategies and how they enter a trade and make a profit.

Yes, what you say is very logical. If we correct the mistake with our own experience rather than my own mistake, the chances of us making that mistake again will be very low. And based on our own strategy, we can move forward with investment. I think if we want to move forward, we have to use our own knowledge and if it is correct, then someone else has to provide it.

[SmartGold01]

You have a good point but sometimes it better to take correction from your own mistakes, when we take correction from our own strategies it will get to stick to your head and you won’t make that same error again. Seeking knowledge and understanding from many source isn’t a bad idea though, we get to learn more and understand some people strategies and how they enter a trade and make a profit.

 Seeking information and knowledge from those better and been in the game will help you a lot and the person will make you understand the basic and important of trading.

One thing about people is that they wouldn't to take correction from the experience of other people who are trading, though when they keeps telling them about the risk involved they wouldn't mind over looking it because they would feels is not real till they also came across it on their trading journey then they would from their mistakes.
Whenever some applied their strategies and it doesn't works as planned you would see them seeking for advise from people whom think could help them.

[ajiz138]

You have a good point but sometimes it better to take correction from your own mistakes, when we take correction from our own strategies it will get to stick to your head and you won’t make that same error again. Seeking knowledge and understanding from many source isn’t a bad idea though, we get to learn more and understand some people strategies and how they enter a trade and make a profit.

 Seeking information and knowledge from those better and been in the game will help you a lot and the person will make you understand the basic and important of trading.

One thing about people is that they wouldn't to take correction from the experience of other people who are trading, though when they keeps telling them about the risk involved they wouldn't mind over looking it because they would feels is not real till they also came across it on their trading journey then they would from their mistakes.
Whenever some applied their strategies and it doesn't works as planned you would see them seeking for advise from people whom think could help them.

We must suppress our ego when doing anything, because if our ego is big then we will ignore something that is actually good for us if we can listen to it with others. Especially if the advice comes from someone who is experienced.

Ego will always be in us, and sometimes we are overconfident, even though it is not self-confidence but rather our ego that is high.

[SmartGold01]

You have a good point but sometimes it better to take correction from your own mistakes, when we take correction from our own strategies it will get to stick to your head and you won’t make that same error again. Seeking knowledge and understanding from many source isn’t a bad idea though, we get to learn more and understand some people strategies and how they enter a trade and make a profit.

 Seeking information and knowledge from those better and been in the game will help you a lot and the person will make you understand the basic and important of trading.

One thing about people is that they wouldn't to take correction from the experience of other people who are trading, though when they keeps telling them about the risk involved they wouldn't mind over looking it because they would feels is not real till they also came across it on their trading journey then they would from their mistakes.
Whenever some applied their strategies and it doesn't works as planned you would see them seeking for advise from people whom think could help them.

We must suppress our ego when doing anything, because if our ego is big then we will ignore something that is actually good for us if we can listen to it with others. Especially if the advice comes from someone who is experienced.

Ego will always be in us, and sometimes we are overconfident, even though it is not self-confidence but rather our ego that is high.

You are right that is why we shouldn't allow our pride to over weigh us while doing anything we are doing out there, and of course while trading we should be that determinant to learn from other people who are that learned than us and forget about anything else beit our younger ones we can still with respect and a good approach to them.

[ajiz138]

We must suppress our ego when doing anything, because if our ego is big then we will ignore something that is actually good for us if we can listen to it with others. Especially if the advice comes from someone who is experienced.

Ego will always be in us, and sometimes we are overconfident, even though it is not self-confidence but rather our ego that is high.

You are right that is why we shouldn't allow our pride to over weigh us while doing anything we are doing out there, and of course while trading we should be that determinant to learn from other people who are that learned than us and forget about anything else beit our younger ones we can still with respect and a good approach to them.

I always believe that we have 2 sides or 2 personalities, I mean we have a positive side and a negative side. But when we are not aware of it, then most likely the negative side will dominate us, which ultimately makes us do unnecessary actions.

The best thing is to know ourselves, maybe we have heard here that the biggest enemy is ourselves and I agree with that.

[doc]

I always believe that we have 2 sides or 2 personalities, I mean we have a positive side and a negative side. But when we are not aware of it, then most likely the negative side will dominate us, which ultimately makes us do unnecessary actions.

The best thing is to know ourselves, maybe we have heard here that the biggest enemy is ourselves and I agree with that.

The biggest enemy is ourselves if we can't control bad emotions like greed and fear. This always haunts traders.
Both sides you said are true, we have to control the bad side of ourselves to achieve success.
Because sometimes the bad side will control the decisions we will take.

[ajiz138]

I always believe that we have 2 sides or 2 personalities, I mean we have a positive side and a negative side. But when we are not aware of it, then most likely the negative side will dominate us, which ultimately makes us do unnecessary actions.

The best thing is to know ourselves, maybe we have heard here that the biggest enemy is ourselves and I agree with that.

The biggest enemy is ourselves if we can't control bad emotions like greed and fear. This always haunts traders.
Both sides you said are true, we have to control the bad side of ourselves to achieve success.
Because sometimes the bad side will control the decisions we will take.

Yes, that's how it is, we ourselves are the ones who can actually create the biggest problems in our lives, because there is a side where we have a negative side, be it greed, fear and so on.

We ourselves can solve this problem, because we should be the ones who know ourselves well. We must be aware of where the source of the problem is, after that we can solve it one by one.

[Chilwell]

Yes, it is good to get the basic knowledge of trading from others because if we trade with our own knowledge, we have a lot of doubts in our minds and the knowledge and experience we gain from others helps us a lot in correcting it. However, training based on the knowledge of others alone is not enough, I think that one needs a lot of one's own knowledge as well.

If an individual aquires the necessary knowledge of trading. and understand the basic concepts and also master the risk management, and how to maximize the profits and everything that one's needs to know about trading, then you won't doubt your decision because you will be able to differentiate between the right decision and the wrong decision and you will have strong faith in your decision. If you try to copy someone how sure are you that the person is doing the right thing or not. The best thing is to acquire your own knowledge and take your own decision.

[Nheer]

Yes, it is good to get the basic knowledge of trading from others because if we trade with our own knowledge, we have a lot of doubts in our minds and the knowledge and experience we gain from others helps us a lot in correcting it. However, training based on the knowledge of others alone is not enough, I think that one needs a lot of one's own knowledge as well.

If an individual aquires the necessary knowledge of trading. and understand the basic concepts and also master the risk management, and how to maximize the profits and everything that one's needs to know about trading, then you won't doubt your decision because you will be able to differentiate between the right decision and the wrong decision and you will have strong faith in your decision. If you try to copy someone how sure are you that the person is doing the right thing or not. The best thing is to acquire your own knowledge and take your own decision.

Acquire your own knowledge is the best Idea and making your own decision is really right at least if your strategy and analysis fail or go as plan you will just quickly learn from your mistake and make a perfect decision. Copying one’s trade who don’t post or show the his/her analysis over the chart sometimes isn’t perfect, showing why you took a trade either buy or sell entry will give your subscriber full hope and trust for you who own the Channel.  But not showing why you took buy or sell entry can really get the users who will copy the entry feel so down and that why we take risk management even after we see a trade we still stick to the plan stake what you can afford to loss and stick to risk management.

[bitterguy28]

If you try to copy someone how sure are you that the person is doing the right thing or not. The best thing is to acquire your own knowledge and take your own decision.

they have no means of knowing if that person is doing the right thing or not because they also have no idea how to make a decision in short they are not confident in what to do so they just place the trust onto someone else's hands and they just basically hope for the best and if it does not turn out the way they want it to then they are just gonna have to find another person to copy from

[LUCKMCFLY]

they have no means of knowing if that person is doing the right thing or not because they also have no idea how to make a decision in short they are not confident in what to do so they just place the trust onto someone else's hands and they just basically hope for the best and if it does not turn out the way they want it to then they are just gonna have to find another person to copy from

I also start from that logic and if Someone chooses a trader to do such a thing and if things go wrong and then one looks for another and it turns out the same way, we will be giving away money , apart from the fact that we will not learn anything, then this is something that simply does not add up, that is why I do not see even the slightest benefit in this , I respect others , but I try to see who can make a profit and I do not see anything that would make me change my opinion.

[MRY]

they have no means of knowing if that person is doing the right thing or not because they also have no idea how to make a decision in short they are not confident in what to do so they just place the trust onto someone else's hands and they just basically hope for the best and if it does not turn out the way they want it to then they are just gonna have to find another person to copy from

I also start from that logic and if Someone chooses a trader to do such a thing and if things go wrong and then one looks for another and it turns out the same way, we will be giving away money , apart from the fact that we will not learn anything, then this is something that simply does not add up, that is why I do not see even the slightest benefit in this , I respect others , but I try to see who can make a profit and I do not see anything that would make me change my opinion.

Of course, all endeavours we may undertake have to keep two things in mind, that is the desired end product and the methods of how to get it in the shortest possible time. It only makes sense that you have every right to feel doubtful if the methods you try do not work or are counterproductive. If you think that there will be no benefit getting through with such a move, it is quite reasonable. It is, therefore, true that taking risks without the possibility of getting some benefits can be considered useless if the outcome remains unaffected. It is perfectly reasonable and each of us always could have our vision of the positive aspects of action.

[Juan_Mathew]

In simple terms, copy trading allows you to replicate someone else's trading strategy. By using copy trading, you can benefit from potential profits while saving time. It’s especially helpful for beginners looking to earn and stay active in the market.