Quote from: Hamza2424 on Today at 04:39:48 PM

Quote from: d3nz on Today at 03:55:24 PM

Quote from: Bushdark on Today at 07:49:41 AM

Quote from: DanWalker on January 16, 2023, 02:59:27 AM

Quote from: Hamza2424 on January 15, 2023, 08:39:35 PM

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.

Yes, this is a must. I also don't recommend investing in copy-trading since it might turn into a big loss if you have invested a lot. There are a lot of exchanges that are offering this kind of feature but the only problem is that there is no policy if you lose a lot of money from the trader you chose.

That' why learning trading might take years but it is really worth it once you know the flow of the market and its pattern.

Yes, dear agreed,
I don't know did I mentioned it or not the last incident in my country a famous trading personality was teaching Copy trading and Many students invested small amounts of money but not small for them because they invested it from their pocket money or borrowings. Due to small wrong trades of That person, all students lost their value able assets.

Instead of copying the trading strategies or even the trading history of others, it will be better if you will first acquire trading skills so you won't have to rely on anyone. Having enough knowledge about trading will be your advantage because following the footsteps of others in trading might only lead you on the wrong track. You must learn how to trade on your own by dealing with the volatility of the market and learning how to analyze it. There are already lots of trading resources that you can find online and you only need to be eager to learn.