In the last few years copy trading was a big conversation in South Africa, we have seen a lot of big traders along the way making money with it more than they do from the market itself. There was another trader in KZN province who even got his cars repossessed and even went off social media after that. Signals services are now still popular but how many people do actually can trade？ It is not a bad idea to make money in the process of learning but you should be extra careful in the also. Peoples trading styles are not the same including their risk management at the same time
Pros of copy trading and signals services.
· You do not have to know how to trade.
· You do not need hundreds of thousands to start.
· You can make quick cash on your sleep.
· You decide the amount to invest in your trading account.
· Learn from the best.
· Additional income for signal providers
Cons of copy trading and signal services
· Signals can be provided by someone who you are not buying them from. A certain individual can buy signals from another trader and then sell them to you, by the time they reach you they are delayed.
· Selection of broker is very important, a service provider might be using a broker that has too high minimum lot size.
· Service provider might just want quick cash and not consistent with profits.
· They might not be trading real account at the process.
· The results they show might be faked just for marketing sake.
· It is not advisable to take these from unregistered companies.
· When the service provider decides to stop you might not be able to make money in the process, because you will have no one to rely to.
Learning to trade for yourself.
This is one of the hardest way to make easy money compared to the above mentioned ways. It is not a fastest way to make but it is surely the most solid and can be of greatest investment that you can make for yourself. You can rely on yourself and you can actually make more money than you could ever had imagined. You can make your own amendments based on your schedule or when do you want to trade, it can totally be up to you and you can be your own boss. This is the most recommended and also it requires more time and dedication. Finding a strategy that works is also a try an error journey, but there is no holy grail, you only have to put in the work that is required to reach a certain level of understanding the market. It is not an impossible journey, you just have to find the right people to help you in a way or you can try to understand things piece by piece. This comes with most risks involved but it is better to invest in yourself because no one can take that away from you.
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