Myth:
"Can't I Just Copy Someone
Else's Trades And Investments?"
"I could just copy someone else's trades"
"Can't I just use algorithmic trading?"
"I could just use a copy-trading program"
"Give a man a fish and he will eat for a day. Teach him how to fish and he will eat for a lifetime."
That's a very universally applicable quote, and it definitely applies to investing and trading.
With technology becoming better and better, many untrained investors have started to use software platforms to copy the trades of gurus that they follow and like.
While the appeal of this certainly makes sense, there are a number of risks that most people do not consider before blindly copying others:
Like anything else, investing and trading in stocks is a learnable lifetime skill that you can pass down to future generations (i.e. your children). If you desire to have true freedom and financial control over your destiny, it only makes sense to become well-versed in it.
Check out what our students have had to say below...
"I guess with Terry's system, what's so great about it is not only is it – he really is teaching you how to fish as opposed to just handing you fish that you're so reliant on – but he's also quite engaged with the community and it's a bit rare to see a course that has that support in their own community."
— Duy Phan (Construction Manager)
"I can give money to fund manager and ask them to manage my money, but that’s going to be short-term. Long-term is the skills that we possess ourselves. So we are learning, So what Terry is teaching is ‘How to do it’ – that means you area learning, you are active, you are going through the process and the system whereas with others you’re just going to give them the money, invest it and you’re not learning anything there."
— Rajesh Mudlapar (Principal Engineer)
"I think patience is one of the key things that numbers just don't teach you, I think, I mean you can have a look at the numbers all you like sometimes when you've got your money down on the line, you tend to get pretty emotional about these things. But it's about being patient at times and just sticking with the system. "
— Martin Wong (Systems Analyst & Modeler)
"Just the way he teaches like, he teaches you how to manage risk, do the fundamentals of research – didn’t find it that difficult we both did it and then we found we got the independence to do it ourselves and we have control, we weren’t relying on advisors and brokers and everything. And Terry gives you direction but it’s ultimately you that makes that decision, it’s you who pushes that button."
— Jerry & Valerie Kidd (Boiler Maker & Bookkeeper)
DISCLAIMER:
The testimonials on this page are genuine and authentic testimonials received from our students who have completed one or both of our programs and are sharing their own opinions and experiences. Please note that past success and/or performance of investments is not a reliable indicator of future performance.
Disclaimer
Effective Trading Solutions Pty Ltd t/as theFreedomTrader.com (ABN: 98 160 101 959) (“theFreedomTrader”) is an Australian Financial Services License Holder (AFSL # 543386). All material provided on this website is general advice only and does not take into consideration your personal objectives, financial situation or needs. You should seek independent financial advice and read the relevant disclosure statements prior to acquiring our services. TheFreedomTrader.com does not operate as a formal training provider and is not registered as a training provider.
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