Hi guys,
does anybody had some success with copy trading?
Would be very interested if someone has some experience to share.
Thank you already!
Kind regards
AD
I did make use of copy-trading as a newbie, of course, it was good as you are still learning and gaining some ideas but this is not even effective, you are making yourself a copy to someone else and if he fails, you also fail. There is no perfect strategy in trading and so this copy-trading is not the best option if we wanted to improve and become successful. Building our own is way better and must be endured rather than relying on others. This is also a way of helping ourselves be comfortable and create confidence to face risky and hard decisions.
The problem is what type of trader will allow himself to be copied by someone else and risk their strategy to be revealed? And the truth is that very few traders that are making money in the markets will like to be part of something like that, which means that those that are allowing themselves to be copied do not really know the value of their strategies or do not mind that someone else is copying them because they are not making money anyway with their strategy.