Why copying someone else's trades can lead to losing your deposit
Many beginner traders make the same mistake — they blindly copy the trades of others. At first glance, it seems reasonable to follow someone who "knows better." However, this approach often leads to losses.
Almost all successful traders, including those who have made billions in the American market, agree on one thing: every trader must have their own strategy and clear methodology. It's not just a set of rules — it's an understanding of the market, your risks, and the logic behind entering trades.
Yes, you can take into account the opinions of experienced traders and bloggers, using their ideas as guidelines. But you shouldn’t turn their recommendations into signals for action. Why?
Information on social media spreads quickly. The same trading scenario can be noticed by thousands of traders. As a result, even if the idea was originally viable, mass following can distort the price movement — and the market will turn against the majority.
Conclusion: listen, but think for yourself. Create your own system, test it, and adapt it to yourself. This is what distinguishes a trader from a follower.
