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• #Copyq legit pro#

Now, these questions are impossible to answer because you didn’t develop the trading strategy. “Should I still copy the trades after 5 losers in a row?” “Does copy trading work, or have I been lied to?” Sure, they can give some short biography about themselves, how they trade, etc.īut how do you trust their trading strategy if you have not validated it yourself?īecause when the drawdown comes (and it definitely will), you’ll start having thoughts like… You’ll never know who is the person that you’re copying your trades from. I know you’re excited to fund your copy trading account and copy the trades of other professional traders.īut before you do so, here are some things about copy trading you must be aware of.Ĭopy trading: Why you won’t have the conviction to copy for long The follower: This is the person who copies the trades of the masterĪlso, the masters and followers are on a platform (like Etoro and Darwinex) which facilitates copy trading-and it’s how they connect.The master: This is the person who makes the trading decisions.There are 2 types of account in copy trading: When the trader adjusts his stop loss, you’ll adjust it as well. What is copy trading and how does it work?Ĭopy trading is when you follow the trades of another trader.

#Copyq legit pro#

“Since trading is so difficult, then why don’t I follow the trades of a pro trader-without having to figure things out on my own?”įrom the look of things, it makes sense, but there are a few “hidden” pitfalls that nobody tells you (and I’ll cover more later).

Well, that’s why many traders hop onto the copy trading bandwagon.