Copy trading — my test. Post 2
I have been testing copy trading on Binance for 2 days.
So far, it's in profit, and this is despite choosing a trader simply based on recommendations. Without deep analysis, without understanding their strategy.
At the same time, I am testing 2 more traders on a demo account to understand the differences between styles.
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What I have already understood:
• It is really convenient when you have little time and knowledge
• But there are risks, this is still futures trading
• Demo testing is a great option to “feel it out” first
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I am curious to hear from you:
• Have you tried copy trading?
• Is it profitable in the long term?
• How to choose a trader correctly?
I would be happy to hear your opinion, as it is only the 2nd day that I am getting into cryptocurrency
and so far I still know nothing at all. Thank you!#