Last few months I am following OctFx copy trading platform. I have a few observations.
1. Number one master account always loss the complete balance within one month.
2. within 1 or 2 months some traders turn 50$ to more than 10000$ and lose it all.
here is one I have taken screen short recently he lost all his balance. Although he doesn't become the number one trader, but he makes 5o$ to 12000$ within just 2 or 3 months of active trading. Now he lost all his money.
He started another account but he could not make a profit from that account now. I mean he lost his confidence.
I have seen over and over and over people are making a large sum of money trading and loss all.
Now comes to copy trading, most of the copy trading platform shows nice profitable traders, once you start copying their trade you will make some money for a few months after that they will lose their balance and you will lose your balance too. one of the best copy trading platform is MQL4, those who are number one traders 1 year ago now they are not in this platform. do you know why? because they lose money. OctaFX or other broker's copy-trading platform is worse than you can imagine.
Now Question is can we make a profit by copying other traders or any Algo system. what you think?
1. Number one master account always loss the complete balance within one month.
2. within 1 or 2 months some traders turn 50$ to more than 10000$ and lose it all.
here is one I have taken screen short recently he lost all his balance. Although he doesn't become the number one trader, but he makes 5o$ to 12000$ within just 2 or 3 months of active trading. Now he lost all his money.
He started another account but he could not make a profit from that account now. I mean he lost his confidence.
I have seen over and over and over people are making a large sum of money trading and loss all.
Now comes to copy trading, most of the copy trading platform shows nice profitable traders, once you start copying their trade you will make some money for a few months after that they will lose their balance and you will lose your balance too. one of the best copy trading platform is MQL4, those who are number one traders 1 year ago now they are not in this platform. do you know why? because they lose money. OctaFX or other broker's copy-trading platform is worse than you can imagine.
Now Question is can we make a profit by copying other traders or any Algo system. what you think?
MA provides the market's current direction and strength.