Is Copy Trading profitable?

Jan 03, 2023 at 07:20
Vistas 1,768
34 Replies
Miembro desde Nov 15, 2022   posts 24
Jan 03, 2023 at 07:20
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?
Miembro desde Jan 03, 2023   posts 5
Jan 04, 2023 at 18:21
Yes, copy trading can be very profitable. It allows you to copy the trades of experienced traders, which can help you learn the strategies they use and benefit from their experience and success. Copy trading can also help you manage your risk, as you can diversify your portfolio by copying multiple traders. However, it is important to remember that copy trading carries its own risks, so it is important to research the traders you are copying and understand the risks involved.
Miembro desde Apr 03, 2021   posts 470
Jan 04, 2023 at 23:53
Just like another service, copy trading will profitable if the leader is a profitable trader, however, if the leader of copy trading is looser trader hence copy trading will not profitable, so here choosing leader is very essential if want to get quality trader to copied.
Miembro desde Feb 15, 2022   posts 219
Jan 09, 2023 at 04:48
To make copy trading profitable, you have to consider who you are copying and how much he is skilled. To become good traders, we should clear the concept of using indicators properly on the market.
 Not all indicators perform well so we have to be selective even here. Traders have to learn how to use these tools to analyze the market.
Miembro desde Mar 31, 2021   posts 229
Jan 12, 2023 at 11:23
I do not recommend to use copy trading if you do not understand how it works. If you know the trader really good, you know how he trades, you know his strategy good. You know that you can adapt it to your account. Only in this case I would use copy trading.
Otherwise, it is very risky and you may lose money.
Think thrice before opening an order
Miembro desde Mar 31, 2021   posts 229
Jan 12, 2023 at 11:24
If you just want to try, then start with ea on account with minimal deposit. That's might be more safety as for me.
Think thrice before opening an order
Miembro desde Jul 13, 2022   posts 19
Jan 12, 2023 at 12:05
For a beginner like me, is copy trading a good way to learn forex trading? And can anyone recommend a reliable platform for copy trading since I don't have any experience with it?
Miembro desde Oct 28, 2022   posts 50
Jan 16, 2023 at 11:15
Yes, copy trading can be quite profitable, keeping in mind that it all depends on the performance of the trader or strategy being copied. There are many platforms that allow newbies to replicate the trades of more experienced traders, but I suggest before opting any, DYOR!
Miembro desde Apr 03, 2021   posts 470
Jan 16, 2023 at 23:53
I knows copy trading is like a bridge between investor trader and expert traders, but not all leader in copy trading are expert, so choosing the leader also need more information to decided before joining, so far I still believe my own skills trading than using copy trading.
Miembro desde Jan 12, 2023   posts 20
Jan 18, 2023 at 10:30
I think there is more to copy trading. Not only do I copy trade professionals, but my forex knowledge also improves every day as I observe along with them.
Miembro desde Sep 15, 2022   posts 11
Jan 20, 2023 at 11:49
Greetings everyone, I have a question regarding copy trading.
I am just wondering if it is possible to copy trade someone for free?
Miembro desde Jan 23, 2023   posts 18
Jan 24, 2023 at 04:39
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.
Miembro desde Jan 23, 2023   posts 1
Jan 25, 2023 at 04:51
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.
Miembro desde Jan 25, 2022   posts 165
Jan 31, 2023 at 09:17
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.
Miembro desde Mar 05, 2019   posts 11
Feb 06, 2023 at 14:33
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.
Miembro desde Jan 23, 2023   posts 18
Feb 17, 2023 at 12:20
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.
Miembro desde Jan 27, 2023   posts 19
Feb 20, 2023 at 15:17
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.
Miembro desde Feb 05, 2019   posts 11
Feb 20, 2023 at 17:16
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
Miembro desde Apr 03, 2021   posts 470
Feb 20, 2023 at 23:00
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
Miembro desde Oct 28, 2022   posts 50
Feb 21, 2023 at 12:38
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.
Conectarse / Inscribirse to comment
You must be connected to Myfxbook in order to leave a comment
*El uso comercial y el spam no serán tolerados y pueden resultar en el cierre de la cuenta.
Consejo: Al publicar una imagen o una URL de YouTube, ésta se integrará automáticamente en su mensaje!
Consejo: Escriba el signo @ para completar automáticamente un nombre de usuario que participa en esta discusión.