Post
Topic
Board Trading Discussion
Re: copytrading
by
Bushdark
on 19/01/2023, 07:49:41 UTC
Copy trading is for those who own a lot of money + they don't have time to spend on the analysis and all the trading-related stuff but i am damn sure a newbie or a person who owns a few amounts of money should not try this. As recently in Pakistan copy trading by students from the waqar zaka official was the hot topic for taking wrong trades in volatile market.   

Even people with a lot of money should not use copy trading. We should analyze and trade by ourselves, relying on others will be very difficult to achieve good results, I have not seen anyone succeed by copying others.

To the OP, what you need is knowledge, not copying. As I said, I haven't seen anyone succeed by copying others. Most newbies will choose the path you are choosing, and then they give up on it because of a loss and do not bring any useful knowledge. So hope you don't go their way.
Relying on copying is a poor way to learn to trade and in a long time, if it continues op might 3nd up losing some significant amount of money because there is no guarantee in this kind of trading so it is mostly about taking risk that could make you to crash your entire your entire capital with the hope that things will get better.
I will rather advised op to learn trading thoroughly eonthag he will know the certain reasons why people decided to go for a particular trades. Trading has soqny things to learn with more obvious risk management to prevent significant loses.