Copy trading, Yay or nay?

[Olivia.the.jackson]

Hey guys, I was reading about copy trading and its prose and cons but I don't need articles, I need experience. Have you ever tried copy trading? why or why not?

[MrD]

On 5/8/2023 at 1:47 AM, Olivia.the.jackson said:

Hey guys, I was reading about copy trading and its prose and cons but I don't need articles, I need experience. Have you ever tried copy trading? why or why not?

I do not believe in copy trading as in my relatively short training career; I've seen how people with a perfect training record got downside fast in a matter of weeks. I don't know if this was because they got their money out and didn't care about the accounts and their followers, or the previous successes made them trade even riskier, so they lost it.

I suggest starting trading and making or loose money based on your judgment rather than putting your money in the faith of a stranger that doesn't have skin in the game, if you know what I mean.

 

[Hanan Öberg]

Copy trading won’t be a good option for traders if they really want to learn Forex trading. FXOpulence provides signals at times to help traders. And it may help you carry out some profit.

[Resolve]

On 12/30/2023 at 8:05 PM, Hanan Öberg said:

Copy trading won’t be a good option for traders if they really want to learn Forex trading. FXOpulence provides signals at times to help traders. And it may help you carry out some profit.

 

If we want to make the best use of the resources that are available to us then we can start doing the Copy trading with the MYfxbook.

[maspluto]

Personally, I take advantage of the educational resources provided by the broker. It significantly helps me develop understanding, knowledge, and enables more effective trading with Tickmill as my broker.

[Resolve]

On 5/8/2023 at 4:17 AM, Olivia.the.jackson said:

Hey guys, I was reading about copy trading and its prose and cons but I don't need articles, I need experience. Have you ever tried copy trading? why or why not?

We will need to learn how to do Copy trading effectively and maintain more profits from our trades.

[uncle gober]

Regarding trading, I still prefer the manual approach because it allows me to gain extensive insights and experience. Especially with Tickmill, and consistently following the education they provide, it helps me gather knowledge and understanding about the forex market.

[Resolve]

7 hours ago, uncle gober said:

Regarding trading, I still prefer the manual approach because it allows me to gain extensive insights and experience. Especially with Tickmill, and consistently following the education they provide, it helps me gather knowledge and understanding about the forex market.

We will need to understand the importance of doing Copy trading and also how to benefit from it.

[Nilde Lucchese]

I haven’t personally tried copy trading, but I can share that it appeals to beginners who want to follow experienced traders. The upside is convenience, but the downside is a lack of control over decisions. If you’re relying on someone else’s strategy, it’s important to research their track record thoroughly to minimize risks. LQDFX broker shares signals with their traders so they can earn some buck.

[maspluto]

Success in this forex business is certainly not an instant thing, we need to try where there is step by step learning so that we can understand how to trade properly and correctly. As long as we want to try to keep trying to learn to run it, it will make us able to trade profitably with Tickmill in the future.

[pradegxs]

Copy trading can be a "yay" for beginners or those lacking time to trade, as it allows you to follow experienced traders. However, it’s crucial to research the traders you copy and understand their strategies, as blindly following others can lead to losses. I spend hours analyzing performance of FXstat traders at HFM. Always manage your risk, even in copy trading.

[Zeologic]

I once tried using copy trading, but unfortunately, I had no luck and suffered losses due to the leader's poor performance. Now I prefer to trade with my skills, this is much more comfortable than leaving trading decisions to other traders.

[maspluto]

Learning is something that every trader must continue to do, because by always learning and practicing regularly, traders will be increasingly able to understand and comprehend the forex market, so that trading can be more focused and profitable with the Tickmill broker.

[Nilde Lucchese]

I’ve tried copy trading to see how it works firsthand. It’s great for beginners who want to learn from experienced traders and save time. However, it comes with risks—your success depends entirely on the trader you copy, and losses can happen. I use it cautiously alongside my own analysis to balance learning and control over my trades.

[uncle gober]

Becoming a consistently profitable trader takes time. Focus on learning, not earning. The profits will follow once your process becomes solid and repeatable.

[tradesprint]

Copy trading can be used in start while learning how to make your own profits. Once you learn how to do it properly you can also start giving copy services to other traders using any broker like hfm, oct, lmfx etc.