Just as my topic reads, I'm interested to know if anyone has ever used copy trading apps and what's your experience?
The truth is that I don't like using copy trader feature on any of those brokers or exchange, because if I can't be confident in my own trading strategy, then I see no reason to trust the copy trader as well. Well, some people say it works for them, but the thing is that as a trader that I am, I know that the dynamic nature of the crypto or forex market makes it very difficult to accurately determine the direction of the market. As such, I just prepare to go with my trading strategy so that if I lose, I will learn from my mistake, correct the mistake, and go again. "Ones a professional trader, many times a failure." If one can not trade and learn from their errors, then they can't become a professional trader, perhaps those copied trades are also shared by some traders who claim to be professionals.
Exchanges are just trying to get more people into the market, as the more people they bring the more money it moves and the more profits they make, and the same is true for anyone that is bound to get a financial gain out of those people, however while everyone wins the ones that do not are precisely the people that come to this market not knowing how to trade and that somehow believe that despite lacking the most basic of skills to become profitable they can still find a way to do so, a notion that is ridiculous no matter how hard I think about it.