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Quote from: terrific on Today at 08:52:40 AM

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Quote from: terrific on February 07, 2024, 10:55:58 PM

I agree.
The learning process from doing trades and doing these social trading and copy trading depends on the individual that are studying about it.
It might take a lot of time and money for someone who doesn't have a background but it could be less for those that are risk takers and have a background with them. People think that it's easy to do copy trading because you don't do anything but don't forget that the money is yours and your letting its fate depend on the trader you copy.

When people intend to study trading, the steps that need to be taken on how to improve skills and not be advised to rely completely on copying trading even though some people consider this method to be easier. But back as you talked about that we put in money and follow fully a copy of trading sometimes it will not give any results. A separate analysis will be far more convincing and even though our loss can evaluate the cause and if we fully follow the trading patterns of people, in my opinion it is quite disadvantaged because our skills will never increase.

Separate analysis is still a must when someone does copy trading. He'll get to see the idea on how the trader he's about to copy does.
It's not always on how easy it is but the stats that matter and possibly the picks that the traders that someone is going to copy like showing the style of his trading.
It's not lazy though when it's part of the feature of a platform but don't rely too much on them. Some treats it as a passive income but what happens if the trader you copy lost?

Well if you want to engage on another trade then its good to have separate analysis so that you can compare on which of these option is good since doing such experiment can ease out our doubts especially if we are so curious on which of these are profitable for us. But actually in long term if we are just relying on copy trading we are the one who's in trouble since we can't learn something with it and also there's huge chance for us to lose if the trader we follow commit bad trades.

Its not being lazy to participate on copy trading since you still need some effort to see if you are gaining what maybe we can point that it is if we are just doing nothing and leave the trader work for us since surely doesn't get anything from that since no experience can be learn with this.

It's needed to have your separated analysis instead of blindly following someone's trading tips, it's best that you know what you are doing and you know how to select whatever asset you wanted to support, when doing your own analysis you will earn more knowledge and you keep all those ideas that you can establish to keep your trading in the positive side.

You can always use other's analysis as basis but not exactly copying them but to analyze the potential and what will be your action plans if incase things will not go according to your plan.