Copy Trading
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Copy Trading
What is copy trading?
It’s all in the name! Copy trading allows you to directly copy the positions taken by another trader. You decide the amount you wish to invest and simply copy everything they do automatically in real-time – when that trader makes a trade, your account will make that same trade as well. You do not need to have any input on the trades, and you get the identical returns on each trade as your chosen trader. But by copying another trader, you could potentially make money based on their skills. In fact, no advanced knowledge of the financial market is required to take part.
Copy Trading is both a product and a service. We cater to both the traders and investors looking to capitalize in the cryptocurrency trading. Being able to copy trades from several expert traders and also allow investors to follow one’s trades is a great service in and of itself.
We have been trading markets for many years and recently started trading crypto currencies with much success. We originally wanted to put together a portfolio of coins and manage everyone’s funds in one account but we soon realized that account segregation and being in control of your funds is the only way to go, especially if we wanted to bring in outside investors. So, after looking around and finding out that there was no way for anyone to copy someone else’s trades (unlike any other market), we decided to start working on this project.
HOW DOES THIS WORK
Copy Trading Experts
Novices are using other investors’ abilities and thus increasing their own success rates.
Here is how the copier works: You, as an investor, simply select an expert or experts that you want to copy trades from. Once you are signed up, this is the only action needed on your part.
Once you’ve taken care of the above, you are all set. There are no codes that you need to run or signals for you to manually input. Our software will handle the trade copying automatically on your behalf. We monitor your experts trading activity and as soon as there is a trade, we calculate all the necessary parameters and execute the trade.
The copier works based on trade percent amount. So, for example, if your expert takes a position in XYZ coin for a total of 10% of his account value and you are 100% allocated to that expert, then the copier will also execute a trade in your account in the amount of 10% of your account value.
The only thing you have to make sure of is that you have enough available base currency that your expert trades with, in your trading account. How much is enough? First, you must meet the exchanges minimum order amount (let’s say about $10 per trade to be safe). That means that if your expert executes a 5% order, you must have at least $300 in your account total value (at 100% expert allocation as an example). This also means that you need to have at least 10% or higher in available base currency to avoid missed trades.
When the expert exits a position, you too will exit it. Automatically. You can also change allocation at any time. In a need for transparency and to protect Traders, the broker acts as an escrow in receiving commission percentage
Why Use Copy Trading
Benefits of Copy Trading
Copy trading can have significant benefits for traders, especially inexperienced ones. But at the same time, it also has disadvantages and risks. You need to carefully consider both pros and cons before deciding whether you want to participate in copy trading.
Copy trading lowers the entry barrier for those new to investing. By mirroring the trades of seasoned professionals, beginners can participate in the market without needing deep expertise.
Copy trading allows you to benefit from the expertise and knowledge of someone with more market experience than you.
As copy trading can be completely automated, you can participate even if you have a day job. Or you can use your free time to learn more about markets. You can also dedicate it to your hobbies or social life.
