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?
If their strategy is working, I don't see any problem if a beginner will copy it for his/her own benefit. What matter is they're able to profit (since that's our goal) and somehow get an idea from that experience.
However, it's not right to just rely on this as a trader. It is still best to gain knowledge to learn trading using your own strategy (a basic thing to do before engaging ourselves). So don't be used to copying what other traders do, because if you gain using your own analysis, strategy and knowledge that's the start of your journey to improve yourself as a trader and become a pro in the future.
I think "if it's working" is the difficult part. You can do whatever you want to do and if it's working that's going to be fine. However, the question here would be if it's working or not. I think if you are a newbie and you start copy trading, and it works, then you keep doing that and there is nothing wrong with that.
But if you are a newbie and ask me if you should, I would say don't do that because odds are you are going to see someone who is looking good but going to end up being bad, or you are not going to do it properly and that's why it's going to end up being a problem. Just focus on what you can do, and you will be doing fine in the end, it should help you overall without an issue if you learn yourself.
We cant really be able to drawn out some conclusions whether its working or not because just like you do said that outcome would really vary because we know that market conditions arent something that would really be that predictable on which means that whether you do make use of those preset up trading bots or would really be following someone then results would really be neither positive or negative. The important thing on here is that its really that something good if that newbie do able to make learn something despite on having that automated kind of trading on which whether they would be going for copy trades or using up some bot. The only that or which its important that you do really make that kind of progress but on the time that you would be finding yourself that totally relying on these things then you wont really be that making yourself that eventually learn on whats trading at all. On the time that you would go solo flight with trading then you would definitely struggle out because you hadn't able to make yourself that learn in the first place.
This is why if you are an actual noob then its better to start up with manual trading on which you could really make yourself that able to learn up trading on your own hands on which on the time that you do engage
with it for long then you would really be making yourself way more better.