Mirroring an experienced traders crypto trades

[BrolySSJ]

There are many cryptocurrency bots that focus solely on trading and even provide you with unique features whereby you are able to see the signals that indicate a trade, or in some cases it can even be used to match the trades that another more experienced trader does. This is a good way to make use of the experience that another trader will have if you do not have the skills and the necessary knowledge in this field to make the trades.

Do you think this is a good idea, giving this level of trust to a trader that may be more experienced than you but a trader that you have never met in the past? Have you ever used services such as this before? And if so what was your experience with this?

 

[Ralphjoe]

I am very much aware of an application that shows the trade of an experienced forex trader but for cryptocurrency I am not aware that there is a bot that does something similar. With this information you have passed here, I think I'll go home and do my own research on the subject matter and if I found it to be true then I will definitely venture into the world of cryptocurrency trading even though I don't know anything about it.

 

[Nomad]

There are three types of crypto trading bots and the most common one is signal bots, which take signals from experts to make trading. However, you can never be certain about these bots

 

[Nurudeen]

If you don't want to lose your hard earned money to in the crypto currency exchange Business the best option for you is to go and learn technical analysis or how to read a chart. With that you will be sure of making money yourself

 

[BrolySSJ]

There are three types of crypto trading bots and the most common one is signal bots, which take signals from experts to make trading. However, you can never be certain about these bots

This is true. even an experienced trader can make a mistake or can mistime a trade as well and therefore these signal bots will pick up that same mistake and execute it on your trading portfolio and you will also see the same loss. so the risk is still quite high.

 

[Kelly5]

This is one good way to be sure a bit that you might make something out your cryptocurrencies portfolio if the said person you're copying is really good as he says he is and you trust him

 

[BrolySSJ]

This is one good way to be sure a bit that you might make something out your cryptocurrencies portfolio if the said person you're copying is really good as he says he is and you trust him

I think that generally where these options are available you have different choices to make or plans that you can pay for and the more you are welling to pay the more experienced of a trader you are able to copy.

 

[Justin]

In forex, there is a system where you can copy successful trader to trade currencies, I think the same also goes on with crypto currencies where you can copy successful traders.

 

[BrolySSJ]

In forex, there is a system where you can copy successful trader to trade currencies, I think the same also goes on with crypto currencies where you can copy successful traders.

There is the same with cryptocurrency as well and i have heard about it but i have never used it. For me i don't feel comfortable giving someone else the power over my cryptocurrency portfolio knowing that they could make mistakes that i have no say in.

 

[Sincerem]

I have used it before in the past but wasn't really profitable , even when the signal was accurate. Probably there could have been some reasons on my parts that could lead to this. It wasn't profitable to me at all .