What is Copy Trading

ChelseaR

Trader
Dec 2, 2024
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20
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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.
 
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Reactions: David79

David79

Trader
Nov 7, 2024
100
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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

Trader
Dec 2, 2024
55
20
14
25
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.
 
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Reactions: David79

David79

Trader
Nov 7, 2024
100
9
19
36
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?