The Crypto industry is still a very young industry as such will continue to face many obstacles but lately the industry has start gaining rapid exposure and more investors are interested in the industry. Navigating this volatile market can be daunting and this has taught many a hard lesson but with opportunities abound in the space, some are still eager to find a smooth landing. Is mostly advisable to seek adequate knowledge of the industry before throwing in dollars but most newbies are eager to make their first profit or expect overnight wealth as such won’t be able to focus on seeking knowledge.
Recently, in an AMA session on Twitter an analyst introduced copy trading to newbies stating that it gives them a smooth landing in the space and their could easily learn from the expert traders. He further said that copy trading is time-efficient and best for busy traders/newbies. He explained that it gives them the experience needed to develop a good risk management plan, learn trading from pros, diversify portfolios and master market volatility.
Well, I yielded to his advice and decided to try copy trading both on Bitget and Bybit though I made some good profits, I still prefer studying the chart and improving my FA and TA but will you recommend copy trading to newbies or do you feel is a lazy trader thing?