I've tried a few of them in the early days without a great deal of success. Maybe I followed the wrong traders!
picking the right traders for copy trade can be difficult, you need to check their performance carefully like their profit over time, max drawdown.
Yeah for people like me , a good way tho to still be in touch with the market and for some extra income beyond the cubicle.
When you sign up, you are totally dependent on the trading skills of the trader of whom you will copy trades. The best you can do is find a trader with minimum draw down and the art of choosing traders wisely comes with regular practice on demo account. For a few months now, I have been copying trades on zulutrade. Sometimes I have experienced both significant returns and losses. Therefore, earning depends on how much risk you are willing to take as well as which traders' strategies you choose to copy.
copy trading can be good for a beginner if they manage to find a good strategy that they can follow, definitely looks for one with consistent profit and low drawdown so it's safer to invest your money.
I'm interested in copytrading, but I'm not sure on what criteria I should select a reliable signal provider?