I just recently learned in detail about copy trading and have a few things to share with everyone, especially those new to the trading market.

Are you also experiencing the same situation as I was before - wanting to make money from the financial markets but lacking the knowledge, experience, and time to trade yourself? The financial market is truly a fierce battle; statistics show that about 90% of new investors fail, even losing all their initial capital within a few weeks. But it’s also because of this that the 5-10% of people who make money in this market are very wealthy, and their income is extremely high compared to the rest.

That’s when copy trading (or copy trading) appears as a truly useful solution. Instead of having to do all the complicated tasks yourself, such as monitoring the market, planning trades, managing capital, controlling emotions, copy trading allows you to automatically replicate the trades of top investors. When they profit, you profit; when they lose, you lose — but all in proportion to your capital.

Real example: if an investor makes a profit from trading with $100,000 USD, reaching $150,000 USD, and you copy with a capital of $10,000 USD, you will also make a profit of $15,000 USD. It’s that simple.

But the challenge of copy trading is choosing the right person to follow. I’ve learned some important criteria:

First, find traders with a long trading history on the platform. The longer, the better, because this gives you the chance to evaluate them in all market conditions — both when the market is rising and when it’s falling.

Second, look at the stability of their profits over time. I would choose a trader who earns 3% consistently each month over 12 months, rather than someone who makes 10% in 6 months but then loses 7% in the next 6 months. When you look at their trading history chart, you’ll see a clear difference — a steadily rising graph indicates a stable trader, while a jagged, uneven graph is a warning sign.

Third, observe whether the trader manages risk well. Do they set stop-loss orders? No stop-loss means unlimited risk — something you should avoid. Also, see how they behave during a losing streak. A truly good trader will stay calm, stick to their system, and not panic or change strategies or try to “fight back” to recover losses.

Fourth, check how many people are following that trader. The more, the better, but don’t rely solely on this criterion.

Regarding the amount of money you should allocate to copy trading, I recommend only using 5-10% of your total capital, with the rest diversified into other channels. Start with $500-$2000 USD depending on your conditions, then gradually increase if the system performs well. Set a follow stop-loss at around 30-50%, depending on the trader’s strategy and your risk tolerance.

I’m currently using Traderwagon (linked with a major exchange) to copy trade, which helps me easily find and follow suitable traders. If you want to try, you can use referral code zoh6mp7 to get a 5% discount on transaction fees for life.

The most important thing is to continuously monitor your profit and loss results weekly and monthly. If a trader performs poorly and keeps changing their methods too often, don’t hesitate to stop following them to free up capital for more promising traders. Copy trading isn’t a way for you to sit back and wait for money; it’s a smart way to generate passive income once you find the right traders.

Hope this helps you start your copy trading journey in the right way!