Quote from: DoublerHunter on July 15, 2023, 09:23:44 PM

Quote from: Wallytred on July 12, 2023, 09:34:48 AM

Copy trading is like a playing in Casino, where someone else makes bets with your money. Trading bots are safety, but useless. You can make the same with your own hands. It seems that much smarter would be investing in liquidity pool, for example. Or even just holding your btc.

^In short, copy trading is beneficial for inexperienced traders who want to participate in the financial markets by replicating the trades of successful traders. It offers accessibility, a learning opportunity, and the ability to diversify portfolios. While trading bots provide automation, efficiency, and the ability to operate 24/7, making them suitable for those seeking a more hands-off approach. They can execute trades swiftly, backtest strategies, and operate even when you're not actively involved. The choice between copy trading and using a trading bot depends on our preferences and what level of trading knowledge we have.

If you already have trading knowledge and using bots is recommended, as it will help you a lot and save you time. But I don't understand the benefit of copy trading and what can we learn from copying. I just found that copying trades just make us lazier, and we have a mindset of relying on others rather than doing everything ourselves. It is not learning or will be good in the long run, especially newbies, the more lazy they become. I am really against the idea of copying trades or trading based on other people's signals.