What Are the Disadvantages of Crypto Copy Trading?

[Suba]

Copy trading is an excellent way to learn trading, especially for beginners who have mastered the basics. It allows us to learn the tactics and strategies used by expert traders.

The term copy trading is adopted from the world of forex and stocks. Essentially, copy trading is an automated service for copying the positions of expert/professional traders by linking our account to the account of the expert trader we have chosen. For example, if the expert trader we follow buys 0.01 BTC, we also buy BTC at the same time.

 

[magnus2022]

The disadvantage of copy trading is that you place your fund in another person's decisions therefore any mistake from the professional will definitely affect your fund. Therefore, you don't directly have influence on your trading.

 

[Nomad]

Copy trading is generally safer than other trading because you copy from successful traders but copying traders does not guarantee success

 

[Stardom22]

The major one being the fact of loosing your crypto because the copied traders make losses for the same.