Post
Topic
Board Trading Discussion
Re: Copy trade - New trend of cryptocurrency exchanges?
by
patriciadwyer
on 15/06/2020, 17:17:16 UTC
Quote
As a matter of fact, copy trading which is a form of management trading has been around for years, and to be precise from ~ 2005. This type of trade where new traders copy the trading strategies of others, more advanced traders can be a great success for those who understand a little bit about the trading industry.

The pitfall of this type of trade, especially for the new traders is that without a basic understanding they can copy these strategies and without even knowing could potentially undergo a huge loss.

As such, I recommend copy trading as a resource for people who have trading experience, as otherwise in my opinion, their use may lead to catastrophic losses.


Finally, something reasonable in this thread! I've been reading it and the people here were just saying that this stuff is bad. It's bad only if you don't understand what you're doing. I was using this method while I was on Forex, now I use it with crypto. And it really gives results. BTW, not so long ago I've found an interesting app. One of my friends told me where to get copytrading app for Android, I've downloaded it and now it helps me to receive more crypto in shorter time. I don't know why so many people don't like the idea. It's awesome! The thing is - you need to use your brain too.