Quote from: Dr.Bitcoin_Strange on August 12, 2023, 11:46:03 PM

Quote from: Obari on August 06, 2023, 04:35:30 AM

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.

Totally get where you're coming from! Well if what you're aiming for is independent trading, trusting your own instincts and strategies in this ever-changing crypto and forex scene makes total sense. The market's wild swings can be hard to predict. Trading is also one of the hardest profession in the world. Learning from losses and evolving as a trader is the real deal. And you're spot on, those copy traders might not always be the gurus they claim to be. You're not learning when you're just copying. But if you just want to make money with the person's analysis you trust, then go for it.