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
You only need to think a little bit to know this is not a good option, if you have a successful strategy that you have developed on your own will you share that with everyone for no cost at all? What if one of the persons which is copying your trades is then able to realize how are you making your money and then tells to more people making your strategy way less effective? The risks are simply too high with no benefits, so most of those that allow themselves to be copied do not really have a reliable strategy at all.
Certainly the worst case, copying some unprofitable strategies that will only bring more losses on your part. Its always better to develop your own thing, the strategy that you think will perfectly work on you. Well, there's no really wrong from copy trading, but just prepare yourself for some losses than gains as most likely, other traders are sharing it to you because they are not benefiting from it already.