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.

I would also like to give another example of an advantage for copy trade, of course there are those who remember it, remember that in the past, there were always local speculators and manipulators, people were sharing transactions from their social accounts, lie and lie, and everyone was jumping and making losses, so the number of successful traders was very limited, but @Binance is the world's largest and most trusted crypto market. And there are thousands of successful local and foreign traders from all over the world in Binance Squared, which means the number of traders is much higher than other markets. Therefore, it is easier to find successful copy traders on Binance who do their job properly, this is a great advantage for the novice investor, so this magnificent initiative that supports the novice investor is an admirable step in my opinion, as long as it is used correctly.👍

Investors will take the brunt of the real copy trade as of 2024, because factors such as the increasing interest of states in the crypto market, legal regulations, increasing investment interest, initiatives by state central banks and globally powerful companies, partnerships and a high investment appetite have now increased the confidence in the crypto market. situation, therefore confidence in the market is very high. These developments are indicators and concrete proof that the market cannot be manipulated as before; In other words, there will not be bear markets for long periods as in the past, as in the example of that terrible bear market between 2021-2024, so friends, this is an advantage for the investor, more investors will come to the market and market stability will be permanent, so this situation will affect copytrade. It will increase its importance over time for new investors to evaluate their money more accurately.

In short, friends, if you take into account and apply the suggestions I have given you above for copytrade, you can make very good and regular profits. Good luck to everyone.

Let's follow the @Vip_TraderMan account for more useful and enlightening posts, friends. 😊❤️

#IntroToCopytrading #BNX #PHA #rad #ZRO

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