Post
Topic
Board Trading Discussion
Merits 1 from 1 user
Re: Is copy trading a legit way of income for beginners or just a marketing tactic?
by
bitgolden
on 17/08/2023, 13:30:01 UTC
⭐ Merited by perfect999 (1)
Copy trading isn't for beginners. Only mid level traders and professional or expert traders should copy trade. By the way, this.isnthe most laziest way to make money off of trading. Real and more experienced traders would never advice any beginner to copy trade because there is no skill acquired from copy trade. Beginners are called beginners for a reason. They have to start from the beginning and learn the basics of trading. Their priority at the beginning should never be to make money but to learn the steps that it entails.
I agree that you are going to be trading yourself instead of making the movement yourself and that's why there is going to be something that will make some changes for some people if they end up copy trading, it's better to make a change yourself and trade yourself if you can. However, I do not think that mid level and veteran traders will end up using copy trading, that doesn't really make any sense and I think that it will not be something that will benefit anyone at all.

I think it's obvious that we are going to end up with a situation that will be better. This is why it's easier to just focus on what you have and instead of copy trading as a veteran, let that be the what newbies do, newbies should copy the veterans instead.
That's the way it should be going, if you end up trading yourself then you will know what went wrong and where it went wrong, if you keep doing copy trading you do not know what the person you copied did and why he did it and why it went wrong, and you will not be able to fix it in the future.

Learning how to trade is not good for just profits, it's good for the losses as well and the return will certainly be decent without a doubt. I think it's the most important part because we are talking about something that will benefit you when you lose, since you will be able to just put it all ahead of you and will make sure that you are doing the right thing. It's not simple, but you will be better because of each loss if you do that.