True that! I'd also like to know what are some effective ways to incorporate regular practice into a trader's routine, along with copy trading?
Copytrading: What are your thoughts?
- Thread starter trost_samantha
- Start date
I am confused?! How does one master the trader's mistakes if you are copy trading? It is basically a "black box" you can't see inside. You only see entries and exits but don't know why the trader took them.
I agree with you! It's not always easy to figure out why traders make certain trades. In my case, I prefer communicating with traders directly through the social feed on zulutrade. I find it very helpful in making final decisions.
You can use it as blue pause filler as long as you have not developed your own strategy, because in the long run you need to have your own strats. But meanwhile until then you can use some copytrading to make money here too.
Yeah copy trading can be a helpful stepping stone for beginners and it should be viewed as a learning opportunity. For me, copy trading is a practical approach to gain a better understanding of how the forex market works.
Interesting! Are you watching the charts more while copy trading, or are you studying what the robot does? How are you learning?
learning is important , no way to deny . but besides this it is more appropriate to make sure regular practice session.
I agree. I don't see how one could learn from watching a robot or human trade without knowning how/why trades are opened/closed.
Therefore, I am curious how Ziara78wu learns from copy trading.
I personally support copy trading, especially for beginners. Profiting from the forex market doesn't have to be complicated. Copy trading is an excellent option for new traders to profit by selecting a suitable master trader that matches their risk tolerance and trading objectives.
copy trading i like also , but the main problem is the result of copy trading actually not works after passing sometime. this is really a frustrated issue