Quote from: Inwestour on August 09, 2023, 11:46:43 AM

Quote from: wxa7115 on August 09, 2023, 03:32:08 AM

When people say something like that they actually mean going through the trouble of learning why experts do what they do and then try to make their knowledge and their skills your own, copy trading is just a cheap imitation of this process and it will never work as intended.

As do you think that a world class trader will allow themselves to be copied for a single second? If you want to have the privilege of your money following their strategy then you have no other option but to hire their services, which are not cheap, and you need to have a massive amount of money just to have a chance to hire them, as there are countless people which would like for the privilege of their money being managed by them.

Moreover, if we are talking about a successful trader who can earn a lot of money, then what is the point of him sharing his knowledge with anyone else? My opinion is that trading is taught by those who have not been able to achieve great results in trading, but at the same time they believe that they have quite a lot of knowledge in technical analysis.

Thus, for them, it becomes the realization of their knowledge, they simply teach beginners what they know themselves, but the result in trading will still depend on the beginner, because in the end he will have to analyze and make decisions himself.

Copy trading is also not something to strive for, what will it give a beginner in the future? No personal practice and understanding of the market, at best, a few successful copied trades and that's it. And when you have to trade yourself, then everything will be different, you need to make decisions, this is a completely different matter.

That's true, no newbie learn something from the veteran and be able to do the exactly the same thing and learn it easily enough that they will be starting to make a lot of profit. Everyone puts their own little twist on things and they make mistakes and they learn from their mistakes and become better eventually as well. That's how it has been so far and I am guessing that's how it is going to be in the future as well.

That's not what I think will be the situation for a long time but as long as you let it be like that then we are going to get newbies who will start at a good level, and be better with more losses they have because they will learn from their mistakes. The ones who do not, will end up giving up or losing even more.