Quote from: Pamadar on August 19, 2023, 04:23:03 AM

Quote from: nurilham on August 18, 2023, 09:59:19 PM

Quote from: mirakal on August 06, 2023, 07:45:29 AM

Yes, copy trading may be effective in seeking for profits but only for those who are willing to take the risk and know exactly those risks involved. However, for beginners in trading, I cannot guarantee that they can manage properly the risk in copy trading, especially that they have less experience as traders and are not completely aware on how to make money in trading, most particularly on how copy trading works and become profitable. But I must say copy trading is a great way to make money, it’s just that the risks involved are not applicable for beginners.

Not every time copy trading works well, especially for newbies. I think a newbie needs to use the strategy that is suitable for them, not following the popular trading strategy. Although the newbies can take the risks, but the copy trading may not work well if the newbies only follow it without good understanding of the trading strategy.

Indeed. No guarantee that copy trading will be suitable for newbies, even it may be not suitable for experienced traders as well. For me, the best way to trade is by using our own way, using the trading strategy that is proven to be effective with our trading nature. IMHO, copy trading isn't only about the risks but it is about how well it suits our trading style.

No guarantee, but there are always open opportunities if the timing is right. I think copy trading for newbie adds up more pressure as
newbie doesn't have any idea if it's the first time they deal with the business.

Not a guarantee as those experienced traders that they are following can handle pressure when
dump happen while newbie will panic and be unable to hold and sell the asset because of fear of
losing their money.

It would be the opposite on which they wont really be feeling that kind of fear but rather they would really be that optimistic that they would become profitable on the time that they had set out that copy trading.Their hopes and positiveness is high just because this is the main thing that they do have in mind is that they had already set out something that brings out money but on the time that reality do kicks in then this is where realization will really be telling them that it isnt really just that enough on making yourself that relying with those copy trades which do came from other traders as well. We know that we are all speculators here on this market on which there's no assurance about being profitable in the end of the day and this is something that people should really be realizing because thats how reality works. If you arent really that really that mindful
or being that realistic then you would really be sticking on being that too positive despite on having that kind of reality.