Quote from: Stepstowealth on July 24, 2024, 08:38:09 PM

If you're a new trader and your focus in trading is to strictly copy the moves of other traders, you're not doing yourself well because you may be learning but not learning properly and quickly enough to becoming independent on your own. If a trader starts to copy trade and maybe having some little profits from copying the moves of other traders, they may never see reason to want to start trading on their own and may remain dependent forever. I have the same view concerning signal groups as I do to copy trading. They will not encourage you to learn to trade on your own.

And this is what many traders do, particularly rookie ones. If you know you can't study or aren't ready to learn, why would you want to trade? Many of them rely heavily on copy trading, which is extremely hazardous. At the end of the day, We do not believe it is better to do your own stuff due to the amount you would lose personally. those period that is used to copy those trade it would have been better for you to use that particular time to learn instead of focusing on copying signals, the moment they even make profit from that copied trade they will depend on it that they will not want to stick to that channel and they will not want to learn anything again so their a lot of disadvantages that copying trading comes with, and that is why it is not advisable to go into copy trading because one day you will learn from it.