Copy Trading

Copy trading is a very hot topic these days. Because we all want to earn money by investing in crypto online. But honestly how many of us are skilled in the field of trading? So at the end of the day we end up with more loss than profit. Moreover, due to the fact that we trade without understanding, many times our balance becomes zero. So if we could have been experienced or skilled then we could have profited from all these markets. And a solution in all these cases is copy trading. It doesn't matter how experienced or inexperienced you are. Rather, you can trade by copying or following someone skilled in trading. Let us discuss what copy trading is all about:

Copy Trading

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Copy trading is an application or software system that automates your trading. That's why you need to follow someone and keep balance in your account.

How you enter the market through copy trading:

Those who are skilled in trading, experienced traders and those who have been trading for many years usually select strategy manager in various exchange sites. And through this they show or show their trade results to people. . But one thing should be remembered that every broker gives them some conditions to become a strategy manager. Test them by giving them all these conditions. When they pass their profile is open to everyone. Then everyone can follow them if they want but there also a specific follower can follow them may be 1000 or more less. Some exchange sites, including a popular site such as Binance, have introduced copy trading.

You can check the profile of every strategy manager on every exchange site where copy trading is active. Then from there you have to select the one who seems to be the best strategy manager. Then you copy him. If he gains in the trade, you will gain and if he loses in the trade, you will lose. This is the motto of copy trading. Like when we copy someone and write in the exam book then if he passes we pass and when he fails then we fail just like that in the case of copy trading.

When we follow a skilled trader, when he takes an entry in the market, if we have a balance in our account, we will also get an entry in the market. But an important thing here is that he will not trade with your crypto but he will trade with his crypto. If he gains through this trade then you can also gain but if he loses there then you will also lose. Just because you copied someone doesn't mean they know your account information. Rather you have copied him so what he trades will automatically trade accordingly in your account.

But the more important thing here is that you can remove him from the copy trader at any moment and copy someone else again. But here it should be remembered that not everyone is experienced. So when you copy someone, check his account carefully and see how his net profit is. Because by following someone you can gain just as much as you can lose.