Quote from: leonix007 on November 19, 2020, 02:54:51 AM

Quote from: cryptolord2077 on November 18, 2020, 09:03:24 PM

Quote from: MCDev on November 18, 2020, 01:03:21 PM

It is difficult to identify a skilled trader and copy their trades, even the best in the crypto market cannot be sure of their deals.
A newcomer with a small amount of capital is very likely to lose all their assets trying to copy the deals of big traders.

First, you need to use special platforms in order to avoid typical mistakes due to inexperience.
Secondly, in order to understand how experienced a trader is, it is enough to look at the complete and transparent statistics to make it over a long period.
If the platform provides such functionality, it can be trusted, as well as a trader. However, I have not seen traders providing their copy trading services with positive long-term statistics.

Most of the platforms provide at least 12 month statistics and barely enough to convince you on the popular persons trading capability together with its gains over the specified periods.

you can also set your own risk management setting own SL and TP's

I disagree with you. 12 months is quite an indicative result. The only question is how much complete statistics from 12 months the trader himself will show. Most often, they show only positive results, hushing up the negative ones. Most traders trade with a negative or zero, but try to show others only a plus. Therefore, it is important that the platform maintains its own independent statistics for each trader.