How does copy trading work on crypto platforms?

3 answers

• Dec 17, 2021 · 3 years ago
  Copy trading on crypto platforms is a feature that allows you to automatically replicate the trades of experienced traders. When you choose to copy a trader, their trades are executed in your account in real-time. This can be beneficial for novice traders who want to learn from more experienced traders or for busy traders who don't have the time to actively monitor the market. By copying successful traders, you can potentially increase your chances of making profitable trades.
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• Dec 17, 2021 · 3 years ago
  Copy trading works by connecting your trading account to the account of a trader you want to copy. Once connected, the platform will automatically execute the same trades as the copied trader. It's important to note that copy trading does not guarantee profits, as the market is always unpredictable. However, by carefully selecting the traders you copy and diversifying your portfolio, you can mitigate risks and increase your chances of success.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading crypto platform, offers copy trading as one of its features. With BYDFi's copy trading, you can choose from a wide range of successful traders to copy. The platform provides detailed statistics and performance metrics of each trader, allowing you to make informed decisions. Additionally, BYDFi's copy trading feature is fully customizable, giving you control over the amount of capital you allocate to each copied trader. Whether you're a beginner or an experienced trader, BYDFi's copy trading can be a valuable tool in your trading strategy.
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