What are the risks of copy trading?

Asked 4 years ago

Hey everyone, So, since this all seems really good to me and makes me really want to do it. I stop to wonder what the negatives of something is good could be. Everything lives in a balance after all. Are there any risks in joining a social trading network? What are the risks of copy trading? Would you truly make the same profit as the trader you are copying? Thanks!

Copy trading Social trading network Copy trading risks

Osasere Okunloye

Wednesday, July 14, 2021

You will make profits as long as the copied trader is doing well. The risk involved is that some insincere brokers may recommend the wrong traders, so you have to be careful to scrutinize the trader's history before copying. There is also the risk of over-trading if you copy too many traders.