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Yeah, I completely agree with your point, buddy!

In addition to considering risk management parameters, diversifying your copy trading portfolio by following traders with different trading styles and risk levels may also be a good idea.

No, you should not ignore loss in trading. Losses are a natural part of trading and should be viewed as opportunities for learning and improvement.

I think traders often over trade and that is the biggest mistake they make.

Avoid copying inexperienced, high-risk, and inconsistent traders. And make sure to do your own research and carefully evaluate the performance of traders before following them.

I usually trade in EUR/USD and USD/JPY currency pairs.

Swing trading involves holding positions for several days or weeks, aiming to capture short-term price movements. So, for some, it could be dangerous. It all depends on the individual.

You can choose a trader who uses limit orders instead of market orders. This can help you reduce slippage by ensuring that trades are executed at a specific price rather than at the prevailing market price. Of course, choosing such a trader is not an easy task. It takes a lot of research to find...

TBH, before you start trading, it's important to understand the fundamentals of forex trading.

In my opinion exotic currency pairs have lower trading volumes and less market liquidity compared to major currency pairs, making it more difficult to enter and exit positions quickly and at favorable prices. So, they should be avoided.

Yeah, trading can be tough, and not everyone may be successful at it, but don't let that discourage you. One option you can opt for is copy trading, where you can copy the trades of successful traders on popular platforms. Just remember, it's always a good idea to get comfortable with the...

Can you offer some advice on how to handle trading losses?

In my opinion, when a person concentrates more on making money than on the actual trading, forex becomes an addiction.

Copy trading is indeed a reliable way to trade in forex. I too follow traders on zulutrade and it's been a good experience. How about you, have you been making the returns you expected with copy trading? Also, which platform are you using?

Yes, exactly. Traders tend to become overconfident and often indulge in over trading, which is harmful in the long run.

A common mistake traders make is not practicing on a demo account.

Imo, if you are new to trading and do not have enough market knowledge, you can give copy trading a try. You can follow and copy expert traders’ trades and can also learn from their insights. Would recommend testing it yourself on platforms like zulutrade and etoro using their demo accounts.

For me personally, manual trading did not work out.

I am reading Currency Trading for Dummies by Brian Dolan.