Quote from: @sriyan on July 31, 2023, 10:00:53 AM

Quote from: ananyabushra on July 28, 2023, 07:59:39 PM

Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?

There are some advantages of copy trading for newcomers. You can check the below points.

Advantages :

1. Time-saving

They can reduce the time on researching and monitoring the markets.

2. Learning opportunity

They can observe and analyze the strategies of successful traders.

3. Simplicity
They can replicate the trades of good traders.

As much as I find your points convincing, they are not showcasing true definition in true life experience, because I don't understand what is Time-saving in copy trading when you can literally do your own set up, not doing your set up will make you even lazier without knowing full understanding of what you are doing and what is the learning opportunity you disuss over there, it doesn't show to me that you will every learn anything from copy other traders trades, you will only get to see loss/profits but most cases, its is losses because you chosed to do the short cut.

Furthermore, I'm yet to see if this copy trading will be useful right now as I was just scrolling in Binance exchange to see if the traders offering copy trading has been making profits, I checked into their portfolio and I couldn't find anything tangible, their ROI has been negative which means they are not making profits. If professional traders are making loss in this bear market, then I believe copy trading is a waste of time and capital.