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Investing by copying the best investors means being a cash supplier.
The money is yours and you manage it.
It depends on you how and in whom you invest your funds. You have to decide what kind of risk you are willing to enter. Your biggest choice will be deciding which investor or investors you want to copy, but not only!
Many novice traders think that everything will depend on the investor you invest in. On the one hand, this is true, but not entirely.
Consider the example below. The provider of our trading signals has an account with €100,000. You only have funds of EUR 1,000 at your disposal. If you don't set up the copier properly, there is a good chance that you will lose money very quickly.
To best prepare for this process, you should also ask yourself the following questions:
► Have you defined your investment goals?
► Have you diagnosed the risk?
► Have you analyzed this risk?
► Did you carefully search for traders to copy?
► Is the copier well programmed?
► Are you happy with your strategy?