Are New Traders Benefiting from Copy Trading Strategies?

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.

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.