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Copytrading

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  • Root Admin
12 hours ago, Macjaja64 said:

Do you think it’s a good idea to copy trades from other traders ? 

I suggest you not to. Learn what moves the market, take your own decisions, and make your trades.

I've seen a lot of traders that have a perfect trading record for a couple of months, even years sometimes, and at some point, everything goes downhill with fire.

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Copy trading is a broker service that is well known to many traders. However, I recommend experienced traders to trade independently, instead of using copy trading. Because independent trading will be more controlled and can be regulated according to risk management and money management. So the results achieved will be more satisfying.

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  • 1 month later...

I'm not very good at copy trading. Firstly, you don’t learn anything here, but only mindlessly copy other people’s signals, which is not conducive to learning and gaining experience in trading. Secondly, you risk your money by trading on other people’s signals, which is also unacceptable for me - I believe that you need to be responsible for your money and your actions and constantly develop. And copy trading does not provide any development in trading, although it is convenient for those who do not know how to trade.

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That's why learning is extremely important in forex. That's why I continue to study everything and participate in Tickmill's webinars, so that I can deepen my understanding of forex and trade to the fullest on my real account.
 

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