#FollowTheLeadTrader Copy Trading: Easy Money or a Trap for Beginners?
#FollowTheLeadTrader : Easy money or a quick ticket to loss? š
Dreaming of earning on crypto without doing anything? Welcome to the world of copy trading ā where you simply replicate the trades of the "pros" and hope not to blow your deposit in a week. But does it really work or is it just a marketing trick?
šµļøāāļø Who do you trust with your money?
Trade Guru is either an experienced analyst or just a Photoshop master. They say: "Copy my trades, and you'll get rich!" But there's a catch ā the money may flow not in your direction.
Typical "gurus" can be:
š Pro ā really knows the market, but will he trade just for you?
š Showman ā trades only on demo, but tells a good story.
š Loser ā blows the deposit so fast that you can't turn off the copying.
š How does it work and what are the pitfalls?
š You connect to a trader, trusting their "genius."
š Your trades mimic his actions, but he also earns a commission.
š If he wins ā you profit too. If he loses ā congratulations, you've shared the pain.
šØ Risks that are not disclosed.
ā ļø Even the best traders sometimes mess up, and you can't control it.
ā ļø Trades may open with a delay ā and you get a worse entry point.
ā ļø The trader risks your money because it's not his