Quote from: Obari on Today at 03:17:31 PM

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.

Well there is a saying that we should learn from others mistakes but there is also a saying that experience is the best teacher, I think but sayings have a scenario to which they should fall and I will rather choose to learn from the mistakes of others rather than making same mistakes I would have learnt from and even make some profits from it rather than risking absolutely everything while learning.

I was on the opinion on seeking to know kw if anyone has been successful from copy trading because I was having some thoughts on having a copy trading app and earn from it while learning.
How about that 🤔

That's true, and we can get a lot of experience as well as knowledge when we want to learn from a mistake to be a little more advanced, want other people's mistakes or our own mistakes to have the same benefit to be more advanced if we want to learn from those things. And it's also very true, on the other hand we can also take advantage of other people's mistakes for us not to do, which as we know that there are always consequences or some losses when we experience these mistakes, so by learning from other people's mistakes we will minimize some of the these losses and not doing things that could bring us down. I don't think any of them have had any success using copytrading, and if they did I would wonder how they did it. What I know is that when we want to go through various processes in a field with some mistakes that we might experience there it will be more likely for us to get success, I would advise someone especially novice traders to do it themselves instead of relying on copy trading, even if it is very helpful in gaining profits but still it will be very difficult for us to develop if we only rely on other people's knowledge. Learning from one's own mistakes is a more promising process for future success.