It’s best to start with a small amount of money when trying copy trading for the first time. This lets you learn the platform and how your trader performs. You can always increase your investment later.
Check Trader History📖
Before you copy someone, look at their trading history over months or years—not just a few good days. Consistency matters more than lucky wins. A good track record is a strong sign of skill.
Understand Risk🎲
Understand the risk and assign investment based on the risk. Don't put all your money on high risk! it is the worst strategy for long-term growth.
Check your portfolio regularly 😉
Just like checking grades in school, it’s important to review your investments regularly. See how your trader is doing and decide if you want to keep copying them. Don’t set it and forget it forever.
Check out Auto-portfolio at Bloom to apply the learnings from this chapter!
Test your knowledge
What should you do when starting copy trading?
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Why should you check trader history?
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Why do you have to check your portfolio regularly?