Are New Traders Benefiting from Copy Trading Strategies?
Traders are not benefiting from copy trading strategies. Trading is all about independent thinking.
In my opinion, traders are not benefiting from copy trading strategies. Trading is all about independent thinking: good traders analyze the market, formulate their own hypotheses and test them.
This requires a lot of individual effort, and unfortunately no-one learns from someone else’s conclusions. This is not to say that it makes sense to invest in a good trading strategy, but this is an entirely different question altogether. Further, a good trading strategy is valuable intellectual property.
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No GOOD trader in his right mind will let you copy his trading strategy without a very good reason for doing so. This is because once you know his trades, you’re free to replicate him without compensation simply by placing your trades with your own personal trading account.
Which means: copy trading makes no sense. If you’re a trader, you won’t learn. And if you’re an investor, you will not get to copy trade any good strategies.
[…] Markets, a retail trading broker, announced today that it has launched its own copy trading system. The system, called CopyPip, will enable traders to follow investors’ strategies and invest […]
[…] Markets, a retail trading broker, announced today that it has launched a copy trading system. The system, called CopyPip, will enable traders to follow investors’ strategies and invest in […]