Everything is in the name! You can immediately replicate another trader's positions by using copy trading. You choose how much to invest, and then you just mimic everything they do instantly and automatically. Your account will trade in tandem with the trader's trades whenever they make a deal. You receive the same returns on every trade as your selected trader, and you are not required to participate in the deals. However, by imitating another trader, you could be able to profit from their expertise. Actually, to participate, no prior understanding of the financial markets is necessary!
Copy trading is a service as well as a product. We serve investors and traders who want to make money from the bitcoin market. In and of itself, the ability to follow one's own trades and duplicate moves from other professional traders is an excellent service.
We have a long history of trading markets, and we have lately begun trading cryptocurrencies with great success. We quickly learned that account segregation and maintaining control over your finances is the only viable option, especially if you want to attract outside investors. Originally, our plan was to assemble a portfolio of coins and handle everyone's money in a single account. We therefore made the decision to begin working on this project after looking around and learning that, unlike any other market, nobody could imitate another person's deals.
There have been many difficulties to overcome, but you pursue something worth doing so even if it's difficult. We are actively bringing traders and investors together for the mutual advantage of cryptocurrency trading and investment, even if the service is currently being developed and enhanced on a daily basis.
The practice of copy trading dates back to 2005, when traders would replicate particular algorithms created by automated trading. Brokers saw the possibility of having systems that would allow anyone connected to that trader to automatically duplicate their trading account. Trading "chat" rooms or keeping an eye on email signals was not necessary. We believe they had a point. Services enabling traders to link their personal trading accounts to their platform emerged from this. Traders were released from submitting their own tactics. Since then, copy trading has been incredibly widespread.
According to one in three people, automatically following traders can simplify the typical stock market strategy, which is too complicated. Last year, one in four investors stated they were thinking about copy trading. This is how the copier functions: Simply choose the expert or experts that you wish to duplicate trades from as an investor. This is the only thing you need to do once you're signed up.
You're set once you've taken care of the aforementioned. You don't have to manually enter any signals or run any codes. The trade copying will be taken care of automatically by our program. We keep an eye on the trading activities of your specialists, and as soon as a deal is made, we compute all the required parameters and complete the trade. Making sure you have sufficient money in your trading account is all that has to be done. You will leave a position when the expert does.
We pick knowledgeable candidates with care. We observe their trading performance over time and come to know them as a trader. In order to further validate an expert's expertise, we also frequently search for those who have a following already (social proof). Each expert's personal performance page has further information about them.
This is how the copier functions: Simply choose the expert or experts that you wish to duplicate trades from as an investor. This is the only thing you need to do once you're signed up.
You're set once you've taken care of the aforementioned. You don't have to manually enter any signals or run any codes. The trade copying will be taken care of automatically by our program. We keep an eye on the trading activities of your specialists, and as soon as a deal is made, we compute all the required parameters and complete the trade.
Based on trade % amount, the copier operates. Consequently, the copier will likewise execute a transaction in your account for 10% of your account value if, for instance, your expert positions himself in XYZ currency for a total of 10% of his account value and you are 100% allocated to that expert.
Making sure you have sufficient base currency in your trading account for your expert to trade with is all that has to be done. What is the threshold amount? To start, you have to meet the minimum order amount required by the exchange (about $10 every trade, to be cautious). This implies that you need to have at least $300 in your account total value (at 100% expert allocation, for example) if your expert executes a 5% order. This implies that in order to prevent missing deals, you must have at least 10% or more in base currency available.
When the expert exits a position, you too will exit it. Automatically. You can also change allocation at any time.