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?
Frankly, it’s an unsustainable area! Since you are depending on others! That’s why I prefer manual trading, since every day I build my trading skill!
Frankly, it’s an unsustainable area! Since you are depending on others! That’s why I prefer manual trading, since every day I build my trading skill!
Jan 03 at 11:53
according to me copy trading can be profitable but for a very short time , its a temporary session , nothing without it.
Jan 04 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.
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.
Jan 07 at 10:58
I was unsure whether copy trading would work for me before I started, but I'm glad I tried it. It's been a few months since I started copytrading on Zulutrade and it's going pretty well. Hope the experience remains the same in future too.
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.
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.
Yes, they can be profitable, but they are also risky, and not all traders will be successful. It is a risky method but a great way to earn profits.
I think it's more important to be able to work on your own. Because over time, the desire to copy other people's transactions may not lead to the best result.
In my opinion, copy trading is suitable for those who do not have time to study the market and find it challenging to develop and maintain a strategy. Talking about profitability, well, it depends upon the trader we follow to copy trades. If we choose a trader who makes profitable trades, then definitely copy trading is profitable.
Jan 12 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.
Otherwise, it is very risky and you may lose money.
Think thrice before opening an order
Jan 12 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
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?
Jan 16 at 04:56
Megan21 posted:For beginners with little time to study the market, copy trading can be a good way to learn forex. You can copy the trades of more experienced traders and learn from their insights. And if I talk about a reliable platform, Zulutrade works well for me.
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?
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!
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.
Jan 18 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.
Yes, exactly, not all traders are pros. But you can always consider factors such as ROI, maximum drawdown, and the trading history of a trader to get a clearer picture of whose trades to copy.
