Copy Trading for Newbie Traders

[Mark Dahl]

New investors use this method is that by copying a successful investor, you can make the same profits that they do. It reduces room for errors and costly mistakes.

 

[Benjamin Bryne]

By trading copy, new traders can make a profit and gain knowledge.

 

[CarmeloGiroux]

Though several brokers have the feature of copy trade nowadays, I do not think it is a good or safe practice for a new trader. If a new trader becomes dependent on copy trades, he will lose all his potential for searching for a new strategy. It will inevitably make him lazy. Besides, copy trade can only provide occasional success but cannot be a permanent solution. However, you can use copy trades as case studies to learn forex trading.

 

[Gito Dinev]

If you are a newbie and just don’t want to focus on manually learning everything, then Copy Trading is a good option for you.

 

[Eduardo Lucchese]

If your broker is unreliable, just leave it without giving it a thought. This is the issue that traders fear the most. Maximum brokers show bogus certification that is really a risk factor for traders. You can go for any ECN broker for the high security. It’s cardinal factor for you to have security from your broker.

 

[FXOpen Trader]

If your broker is unreliable, just leave it without giving it a thought. This is the issue that traders fear the most. Maximum brokers show bogus certification that is really a risk factor for traders. You can go for any ECN broker for the high security. It’s cardinal factor for you to have security from your broker.

We will need to start doing our trades with the help of a Reliable and Regulated Forex Broker.

 

[Eduardo Lucchese]

Newbie traders should focus on learning a lot. If they find interest in copying others, they will lose the thirst of learning the market. That’s why I don’t appreciate copy trading.

 

[SaadBinToha]

Initially a trader can rely on copy trading for some days but they shouldn’t stick to copying others. Because if they find interest in copying trading, they will lose their thirst for learning more.