How to use Copy trading?

in Steem Alliance2 years ago (edited)
Asslam o Alikum!
How are you everyone.Today everyone take interest in trading but some are new in this trading world that's why they don't know something about trading.Today i study about trading then i see word if copy trading i see this word first time then i study about this and i think that many people don't know about copy trading because this is a new thing. So lets talk about copy trading in detail.



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Copy trading

Now i tell you about what is copy trading. In which someone new in trading and not know about trading and we also know that trading gives both profit and loss.That's why some new beginners who not know about trading then they follow others traders who are best in trading in this case they copy all of those people who are best in trading then they copy and invest in those coins in which those invest.These all procedure are known as copy trading.In which risk is reduce for those who are not know about trading.

For example if someone has 100 rupees then they invest 40 50 or 10 rupees in different coins in case if they face lose then you lose all the amount but if they face profit then you also have a profit.



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Advantages

Copy trading is best for those who are beginner in trading and in this way they follow the best traders and as they learning a lot of things from best traders.This is also a good way to learn so many things as early as possible and become best traders.This is a advantage of copy trading.



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Disadvantage

Everything has a benefits and disadvantages.Now we talk about disadvantage of copy trading in this case if traders face loss then you also lose your all investment that's why i suggest that you invest only that amount in trading that if you lose you not face a lot of loss.



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Special Mention To

@hungry-griffin

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