Post
Topic
Board Trading Discussion
Merits 1 from 1 user
Re: The down side of copy trading
by
milewilda
on 30/08/2024, 11:51:04 UTC
⭐ Merited by Lanatsa (1)

What lesson can you pick from this?

1. If the person just started trading, you will not know if you should copy him or not
2. If the person is making profit already and you copy him, you might be losing

Know that the person you copied might be losing.

Each exchange platform does have their own copy trading on which traders would really be that allowing for them to be copied in regarding about their positions. It would really be that impossible that you wont really be able to make yourself be wary about those numbers on which one is really that profitable on a particular period or on how long does the trader been doing trading and having those portfolio positiveness towards their trades or simply about their profits on a particular period. So checking out their stats would be essential.If ever they are really that neither negative then its part of the risks because copying someone
wont really be giving out that assurance about making profits. This is why it would really be that sensible that you should really be making out some learning too on your own.

Losing up money on copy trading would really be giving out that kind of regret when it comes to losing money which is really that totally different when we do make our own trades that came from our
own analyais. Copying someone? It would really be just that depending on you because it would really be that people are just too lazy or simply they cant have the time on learning up trading.
If you wont really be having that serious approach towards it then you wouldnt really be thinking on how you would be able to learn yourself.