What is Copy Trading

[fxdry7]

any easy way than this??

 

[ChelseaR]

You may need to spend time on reliable signal vendors but it is definitely worth it. At least you can expect to make 10-15% monthly with reasonable drawdown risks

I think copy trading can be a good thing for beginners, only if followed cautiously. The market is constantly changing and what worked for them might not work for you or fit your risk tolerance. Personally, I would consider it as a complimentary thing while focusing on my strategy and investing my time to learn.

 

[David79]

I think copy trading can be a good thing for beginners, only if followed cautiously. The market is constantly changing and what worked for them might not work for you or fit your risk tolerance. Personally, I would consider it as a complimentary thing while focusing on my strategy and investing my time to learn.

I completely I agree - copy trading is nice starting point. How do you balance learning your own strategy while following someone else brakes?

 

[ChelseaR]

I completely I agree - copy trading is nice starting point. How do you balance learning your own strategy while following someone else brakes?

I think it's all about finding the right balance. I don’t blindly follow the copy-trading strategies. While following the trades, I keep a check on my analysis to see what is aligning and what is not. Helps me build my confidence and also learn from their approach.

 

[David79]

I think it's all about finding the right balance. I don’t blindly follow the copy-trading strategies. While following the trades, I keep a check on my analysis to see what is aligning and what is not. Helps me build my confidence and also learn from their approach.

Really a smart way. Do you ever tweak their strategies based on your analysis?

 

[Soams Fortnite]

What kind of risks? Could you please elaborate?

I guess traditional risks pertaining to trading volatile assets.

 

[Andreweslami]

Hi

 

[Milo_fx]

I guess traditional risks pertaining to trading volatile assets.

Thanks for the input

 

[Ximan]

Copy trading allows less experienced traders to replicate the trades of more experienced or successful traders. By mirroring their actions, either automatically or manually, followers can leverage the expertise of these providers to potentially achieve similar investment outcomes.