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 is a saying 'when you copy what professionals do then at least you will have skills that are close to theirs', so that's the conclusion for beginners it's okay to try copytrading but keep in mind that don't depend heavily on it, you will definitely will be addicted when you are proficient in using copytrading, this is what you should avoid. in trading nothing is perfect and solving every problem perfectly, there must be shortcomings that traders do, so for beginners it is highly recommended when using copy trading, keep learning basic trading and other trading support things.
well in this case when you are exactly copying their activities 1:1 then I guess it doesn't require skill close to that of the professional traders.
but the thing is that i'm sure there is a way for these so called professional traders that open up their copy trading services to somewhat take advantage of the capital of those that followed them.
i still don't have the idea how, but i think this copy trading is not all rainbow.
there must be some underlying motives that could somehow make the followers incur losses when the professional traders are profiting off of them.