What are the advantages and disadvantages of copy trading?
In my opinion, Copytrade is a tremendous opportunity and a blessing for novice investors today, because there are many influencers and traders who do their job properly in the market. In this case, our duty is to identify the right successful traders, not to observe their past statistics, but to follow the most accurate ones and make copy trades.
Also, always set your own limit for copytrade, for example: You entered the copy trade of a trader named A, sometimes I see that the man opens a trade with a minimum of 5 thousand dollars and high leverage, but your balance is already limited and you do not have enough balance to add in case of a possible reversal. Therefore, when you say you will make money, you can suddenly become liquid and you curse the trader who opened the transaction. This is very wrong, my friends. Therefore, in order to avoid these negativities, when you open a copy transaction, always determine your own limit by doing correct cash management, not the limit entered by the trader, and always maximize your cash. bad Divide by 20, open a trade with one in 20, at the same time, always open a copy trade for major candidate coins, do not open a trade for specific assets that you do not know; $BTC $ETH $BNB Copy transactions from strong solid assets such as BCH, Sol, Avax, TRB, such major coins and similar major candidate markets, only this way you can earn continuous and regular income. You can obtain it from copy operations.