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Is Copy Trading profitable?

Leonor_Lou2
Jan 24 at 04:39
18 posts
Joyal posted:
Greetings everyone, I have a question regarding copy trading.
I am just wondering if it is possible to copy trade someone for free?
It varies from platform to platform. The majority of platforms do not charge any additional fees for joining a copy trading platform. But of course, it’s important to research the various options available and to carefully consider the costs.
MathewReyan
Jan 25 at 04:51
1 posts
Eerid_219 posted:
 According to estimates, the copy trading market will grow to $3.77 billion by 2028. Are you convinced that copy trading is profitable based on this number?
Copy trading sounds profitable initially, but if you do not learn from what you are copying, I highly doubt it's sustainable.
Prince Sajir (princesajir)
Jan 31 at 09:17
130 posts
You are the master of the deal. Following a single order can come with a very high level of risk. But I approve of the trading pattern of following orders, the process will be very difficult.
Milex32
Feb 06 at 12:19
36 posts
MathewReyan posted:
Eerid_219 posted:
 According to estimates, the copy trading market will grow to $3.77 billion by 2028. Are you convinced that copy trading is profitable based on this number?
Copy trading sounds profitable initially, but if you do not learn from what you are copying, I highly doubt it's sustainable.
IMO, copy trading can be a sustainable option for those who lack the time or knowledge to trade themselves. You just need to make sure to pick a knowledgeable trader with a good track record, since you're basically relying on their experience. With the right trader, you can achieve higher returns while minimizing potential risks.
Abderrahmane1992
Feb 06 at 14:33
11 posts
Eerid_219 posted:
 According to estimates, the copy trading market will grow to $3.77 billion by 2028. Are you convinced that copy trading is profitable based on this number?

No. This does not indicate that copy trading is profitable in any way. What exactly is this figure and where did it come from. Let's assume it is the AUM for copy trading. But this does not tell us anything about the actual profits made by people copying.
Bolidor09
Feb 08 at 13:39
6 posts
I suppose copy-trading is profitable, but probably very difficult for a beginner...
KQad
Feb 09 at 08:13
27 posts
Copy trading can be a lucrative business. It enables you to mimic the trades of experienced traders, allowing you to learn the strategies they employ and benefit from their experience and success.
Leonor_Lou2
Feb 17 at 12:20
18 posts
Bolidor09 posted:
I suppose copy-trading is profitable, but probably very difficult for a beginner...
As a beginner, I find copy trading to be a great way to start trading. It really helps me avoid the common pitfalls that new traders often fall into. By copying the strategies of expert traders, I don't have to figure everything out on my own, and it helps me learn from their experiences and make better decisions.

Some good platforms for copy trading are zulutrade and pelican.
davesper
Feb 17 at 19:24
197 posts
It seems to me that such an option may simply not have the most positive results. It should be understood that, as a result, this may lead to not the most positive results of the work.
Milex32
Feb 20 at 13:03
36 posts
davesper posted:
It seems to me that such an option may simply not have the most positive results. It should be understood that, as a result, this may lead to not the most positive results of the work.
Have you tried copy trading yet? Because I have been following some pro traders lately and seeing good results in my portfolio.
Investfox
Feb 20 at 15:17
19 posts
yes, copy trading can be quite profitable. However, it's important to remember that there are risks involved, and not all traders will be successful. Still, for those who are willing to take the risk, copy trading can be a great way to make money in the financial markets.
Ognjan
Feb 20 at 17:16
11 posts
It is very unlikely that anyone will be profitable from copytrade (apart from the broker!). Most copytraders use martingale EAs and these will ruin you
Suradi (FXOday)
Feb 20 at 23:00
463 posts
MathewReyan posted:
Eerid_219 posted:
 According to estimates, the copy trading market will grow to $3.77 billion by 2028. Are you convinced that copy trading is profitable based on this number?
Copy trading sounds profitable initially, but if you do not learn from what you are copying, I highly doubt it's sustainable.
Eventually, all result depend to the leader of copy trading itself and our setting, because copy trading is only copy and follower they are free to adjust position size, so depends on the strategy also, long-term strategy without stop loss or stop loss wide may impact to the strength of margin and could different result between leader and follower because different amount of capital
Keli_3
Feb 21 at 12:38
50 posts
I agree with @Investfox ! That’s why it’s important to do your research on traders before copying their trades. To determine a trader's potential success, you should consider their trading history, risk score, winning trades and their maximum drawdown.
LeslieRuiz
Mar 03 at 11:36
13 posts
I would also like to get clarification on a doubt I have regarding copy trading since everyone is talking about it in the thread. I recently began copying trades, but how can I keep track and manage them effectively? Can someone please help me out with this?
Gary Comey (Lazard)
Mar 03 at 18:05
81 posts
I made a video called COPY TRADING DO'S & DON'TS. Hope it's helpful.

By Wisdom & Courage
Parker09
Mar 06 at 07:29
68 posts
Indeed, copy trading may be lucrative. But, keep in mind that there are dangers involved, and not all traders will succeed. Yet, for those prepared to accept the risk, copy trading may be an excellent strategy to profit in the financial markets.
Ambersmith345
Mar 07 at 08:50
26 posts
LeslieRuiz posted:
I would also like to get clarification on a doubt I have regarding copy trading since everyone is talking about it in the thread. I recently began copying trades, but how can I keep track and manage them effectively? Can someone please help me out with this?
I would like to give you a few tips that worked out for me and might be helpful to you:
1. Make sure to regularly monitor the performance of the traders you are copying.
2. Keep an eye on how they're doing. You don't want to blindly follow someone who's not making good trades, right?

Hope it helps!
Maverwallace_5
Mar 10 at 05:02
13 posts
Lazard posted:
I made a video called COPY TRADING DO'S & DON'TS. Hope it's helpful.


Quite an informative video! It’s a must-watch for anyone interested in copy trading or just seeking more information.
Tradelist45
Mar 10 at 12:17
311 posts
copy trading can be a profitable issue for a while , nothing without it.
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