Why shouldn't beginners participate in copy trading? Let me explain the different ways of copy trading:
High returns and high win rates mostly rely on holding positions! Beginners can't handle that. Many high returns come from studio hedge accounts, which will zero out after a few tries.
There are also strategies that open both long and short positions to earn commissions, blindly shorting and hedging with their own spot trades, regardless of the consequences for the copy traders. When they win, they keep posting to get you to follow their trades; when they lose, they blame the market makers for precise explosions and the influence of negative sentiment. How is it that the keys to opening and closing positions are not in your hands, but in the hands of the market makers and negative sentiment?
In short, the person leading the trades has too much control, and the copy traders face too much risk. The lead trader can open a short position while also holding their own long position, thus they don't lose either way! They gamble to earn commissions and if they lose, they haven't lost their principal.
The only way you can make money in this circle is by opening and closing your own trades! Don't think you can just sit back and earn without doing anything! Maybe out of 100 lead traders, only 5 are truly reliable! But you can't guarantee that you are one of those 5% lucky ones!