What sets Bitget apart from other copy trading platforms is its unwavering commitment to transparency and security. Bitget provides comprehensive information regarding each trader’s performance, including win rate, profit ratio, and other crucial metrics. This empowers novice traders to make well-informed decisions regarding which traders to follow. Anyone who has used previous cryptocurrency trading platforms will find it easy to use the spot trading interface. It’s well-designed and easy to use, and the order execution is lightning-quick, which is vital for avoiding difficulties like slippage.
Of course, in cryptocurrency trading, profit margins are often much higher than that. A good trader in foreign exchange or crypto can make many times that amount. Congrats, you can now automatically copy cryptocurrency trades of professional traders. After you click the “Follow” button above, you will land on a page where you can customize CopyTrading settings. We’ve reached one of the most important parts, setting up CopyTrading and following professional cryptocurrency traders on autopilot to earn a passive cryptocurrency trading income.
Bitcoin Futures Trading Simulator can select master traders you wish to replicate by tracking their trading performance and total profitability over time. Bitget’s trading experience is available on the most popular devices and platforms. Our Bitget review provides all the details you need to learn before signing up.
However, making the right choices will help you diversify your returns through copy trading. In addition, Bitget has anti-money laundering (AML) and Know Your Customer (KYC) policies and procedures that users must comply with. Customers must verify their identities through the process to make the platform safe for all users.
(d) Enter the home page of the chosen trader, and check historical data. Provide your email address or phone number and set a password for your new Bitget account to get things started. Bybit is often considered one of the best and safest unregulated exchanges that can be used for KYC-free trading. If you are primarily concerned with a top-of-the-range trading interface and experience, then Bybit takes the win. There are also exclusive promotion periods and additional rewards for some of the top traders.
But you can copy trade by hand by keeping an eye on what your peers buy and sell in their portfolios. Once you are on this page, you’ll see a full list of professional KYC verified traders who you can copy on Bitget. You may apply various filters to search for traders, view their trading statistics (updated hourly), and choose who you want to follow.
The definition of copy trading is closely linked to mirror trading, although the difference with copy trading is that traders blindly copies rather than replicate top strategies. By opening a short position, we protect the profit of the medium-term trade. If the price continues to fall, then the potential profit of the medium-term position will decrease, but the profit of the short-term position will increase.
After following a desired Trader to copy, it will lead you to your Copy Trade Data. Don’t forget to copy your deposit address by clicking the sign next to it. The second step is to decide how much you want to invest and how much of your money you are willing to risk. Start with a small amount of your extra money, and keep in mind that investing always carries the risk that you won’t get all of your money back. If you want to get a good grade, you should learn from someone who studies and knows what they’re doing instead of just guessing and hoping.