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Is copy trading worth the risk?

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by COINS NEWS 45 Views

Hey, I am a long time small but traditional investor, I trust the currency since I first started researching about it and I have been adding crypto into my portfolio worth $10-100 per month depending on the financial situation.

I am not much of a trader, I rarely trade or sell my bitcoin or ETH, but I think I want to try something new now. I just discovered about copy trading and now doing some research about it, so my questions for you guys are:

P.S: Platform I am using is Binance (Please don't judge me for using CEX).

My trading level is Beginner

Amount I can invest for this attempt is maximum $100, so please answer based on these information.

1) Is it worth the risk? Have you ever tried it, if yes how much money you invested (in USD)?

2) For a beginner trader like me would you suggest that feature or should I stay away it?

3) What's the Lowest amount can we invest in it, I am willing to lose $100.

4) If you think I should start using it then what are your tips and some suggestions for it?

Thanks in advance.

submitted by /u/Netroseige101
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