What is Copy Trading?

[ahmedo24]

I think the disadvantage there is not having as much funds as the person you are copying. That's the only thing I think there is wrong with copy trading.

Nope it is not disadvantage because you will earn base on what you invest likewise the commission the expert will also get but it will be disastrous to copy an in experience expert trade.

 

[Aaron625]

Amount doesn't matter , because even small profit is a profit. If you start with small amount for copy trading , profit off course will be small if the trader you are copying is successful and is also profiting from his trade.

 

[Filicit]

Just as the name implies, copy trading involves copying trades from a particular source and enabling it in one's own trade most likely because of profit.

 

[Senator]

Copy trading is the act whereby a trader copies the trading decisions of another expert trader directly into his account. This is made possible through an API from the master trader to the copy trader's own account in forex trading or stock trading or cryptocurrency trading

 

[Chizfab]

From the name alone, it has to do with copying the trading line or strategy from a professional trader. However, l still feel skeptical about the whole idea, come on, we all know that one can not fully succeed in forex trading using that method. It's more of words than action, that's my take on it.

 

[eLdavis]

From the name alone, it has to do with copying the trading line or strategy from a professional trader. However, l still feel skeptical about the whole idea, come on, we all know that one can not fully succeed in forex trading using that method. It's more of words than action, that's my take on it.

True, no matter how good a person might be or even the number of years a person might be trading, there every possiblity of you making mistakes, though there are people who are making it in coping trading, but they don't make all trades. Personally I prefer learning it myself so I won't have to rely on others.

 

[tuna89]

Thanks for your great posts, though I am not into forex but I know I can always learn a couple of new things related to trading and marketing. Still following.

 

[Elfinito]

Copy trading opens a portion of your portfolio to the original trader log which copies it's trading and your profit is generated from the trader's

 

[Tolumi]

Copy trading is not a new method, as it has been used in forex trading since 2000, and now many traders are implementing copy trading in cryptocurrency trading.
Copy trading is a service that allows traders to automatically copy trading positions made by expert traders by linking their accounts. Every position taken by an expert trader is automatically copied to the copy trader's account. The amount invested in copy trading depends on two things: the amount bet by a copy trader, and the permissible percentage of the amount that can be invested in one trading activity, as determined in the platform's policies.
Profits of expert traders will get commission from novice traders, the risk of crypto trading is smaller than trading themselves, novice traders will learn how to trade and crypto trading strategies, but I don't really understand the disadvantages of using copy trading, maybe you can explain the disadvantages using copy trading.

I also do not know of the disadvantages unless if the so called expert trader decided to intentionally set up bad trades so as to make money for the brokers at the expense of numerous novice copying his trade.

 

[Setho]

Copy trading is the trading strategy in the forex market whereby you can be able to copy signals from the account of somebody by linking your trading accounts to that.

 

[Sotherefore]

Well sometimes it can be profitable but don't really believe in these, people who are really interested to trade cryptocurrency should try and learn how to do with themselves do not rely on expert all the time.

 

[kinqzbitz]

This is simply copying trading signals from experts in the trading business it is usually began in the forex trading platform then later carried in the crypto currency space

 

[Justin]

IN order to do copy trading, you need a trading bot, that will copy the signals from successful traders and use the same techniques in trading. You have high chances of becoming successful.

 

[Thinker009]

Although I make use of copy trading to upgrade my analysis and learn more ,I actually don't even make use of it to place trades , because experts change their analysis almost Everytime

 

[greenie]

Concerning copy trading. Well, I believe this is an avenue for people who are interested in learning forex but dont know how to go about it, copy trading aallows you to copy an experts trading options of your choice and place your money to yield profit. Recently, I saw an application that does this function and it is called octafx trading

 

[tyrim88]

Copy Trading enables individuals in the financial markets to automatically copy positions opened and managed by another selected individuals.

Unlike mirror trading, a method that allows traders to copy specific strategies, copy trading links a portion of the copying trader's funds to the account of the copied investor.[1] Any trading action made thenceforth by the copied investor, such as opening a position, assigning Stop Loss and Take Profit orders, or closing a position, are also executed in the copying trader's account according to the proportion between the copied investor's account and the copying trader's allotted copy trading funds.

I have been oppourtune to observed how copy trading is being apply to trading both in cryptocurency and forex,but one good thing about this strategy is that it will help persons who are new to the market to learn strategic positions on trading.

 

[Chibson]

copy trading is very important and necessary if you want to become successful in forex. If you are a newbie you should always copy from those who are doing well in the forex market.

 

[Honny143]

If we copy others answer shit and paste in our shit then what could we learns, imagine if he fails then we also fails,copy trading also similar, if wants become a good trade then first learn trading, I know in our first attempt we fails, but that failure also learnts so much knowledge.

Disadvantage in copy trading is if he lost his funds, we also lost our funds, then why will we depends on others.

 

[Genie01]

Copy trading is not a new method, as it has been used in forex trading since 2000, and now many traders are implementing copy trading in cryptocurrency trading.
Copy trading is a service that allows traders to automatically copy trading positions made by expert traders by linking their accounts. Every position taken by an expert trader is automatically copied to the copy trader's account. The amount invested in copy trading depends on two things: the amount bet by a copy trader, and the permissible percentage of the amount that can be invested in one trading activity, as determined in the platform's policies.
Profits of expert traders will get commission from novice traders, the risk of crypto trading is smaller than trading themselves, novice traders will learn how to trade and crypto trading strategies, but I don't really understand the disadvantages of using copy trading, maybe you can explain the disadvantages using copy trading.

For a start up it might be good for the beginner traders, however of they are always spoon fed they would not give in the time energy and resources to learn it for themselves.
What would happen if the copied trader is unavailable?

 

[tyrim88]

Concerning copy trading. Well, I believe this is an avenue for people who are interested in learning forex but dont know how to go about it, copy trading aallows you to copy an experts trading options of your choice and place your money to yield profit. Recently, I saw an application that does this function and it is called octafx trading

The art of following a particular pattern of trading usually by someone else is called copy trading,it is usually done to imitate the trading pattern of an expart or someon who is doin well in a trading technique.