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Copy Trading Guide
1. What is Copy/Mirror Trading?
Copy Trading allows users to copy the trades of elite traders, automatically aligning with their trading activities to generate profits. It saves users from manually opening/closing positions.
This is ideal for beginners learning how to trade while benefiting from automated trading.
2. Advantages of Copy/Mirror Trading
There are many advantages to copy trading, here we cover just a few:
2.1 First time traders can familiarise themselves with the financial markets and gain the confidence to trade
2.2 New traders can learn how to trade by watching the actions of other more experienced traders
2.3 Traders can participate in the market, even when they are too busy, and not able to invest the time and research they should normally devote to trading.
3. Why is Copy/Mirror Trading become so popular Popular
Copy investing, or mirror trading has become very popular with investors worldwide, mainly because many early adopters have had enormous success and were able to boost their trading skills and profitability with zero effort. Copy trading enables novice investors to do just that. They don’t need to know how to analyse the markets or how to interpret trading signals or indicators.
Novices are using other investors’ abilities and thus increasing their own success rates. Also, copy trading can be used by experienced traders too, as a way of learning new trading strategies from others, and by that, increasing their success in the online trading market.
If you would like to start investing in the market but do not have a lot of experience, or you are a seasoned pro who would like to gain insight into the analysis of others, using copy investing/mirror trading is an excellent place for you to begin.
4. How Copy/Mirror Trading is parsed
4.1 Copy By Position:- "Copy by position" is a one-of-its-kind feature globally that is pioneered and recommended by Coinbitdex to safeguard copiers' interests in the best possible way. The fund that users invest in "copy by position" will only adjust with the position of the share trading account they copy. By copying the trading signals and the trader's real position ratio, copiers can achieve an ROI approximate to that of the share trading account. "Copy by position" does not allow copiers to perform autonomous trading.
E.g., if the share trading account has a net asset of 1,000 USDT and uses 30% of the fund, i.e., 300 USDT, with a leverage of 5X to buy long BTC/USDT, the copiers will also use 30% of their fund (suppose 100 USDT), that is, 30 USDT 5X to buy long BTC/USDT.
4.2 Copy By Fixed Margin:- "Copy by fixed margin" is limited to copying the trader’s Standard Futures account and only copies the signals of trades opened in the isolated margin mode. This type allows copiers to perform autonomous trading.
E.g., if the copier sets 10 USDT as the margin for a single copy trading and the trader buys long BTC/USDT, the system will buy long BTC/USDT for the copier with a 10 USDT margin regardless of the margin/position ratio of the trader. And the trade will be displayed in the Position of the copier’s Standard account.
FAQ
In what cases do copiers fail to copy trades?
Copying trades using multiple accounts will be restricted, thus requiring the cancellation of other accounts and the completion of KYC verification to continue; Traders only allow invited copiers to copy their trades; Traders are not able to copy other traders.
Why the trades are not copied when the copy trading is all set up?
After the Copy is completed, no new trade has been generated because the trader has not opened any positions or the copy trading has failed. Common reasons why copy trading in CoinbitDex CopyTrade fails include: Copiers don't have sufficient balance in their Standard Account; Trades are opened in cross-margin mode; Copiers' holding position margin has reached the daily max; Daily copy trading margin volume has reached its limits.
What is the share ratio/percentage and the settlement time?
For CopyTrade (CoinbitDex), 15%-30% of the net profit generated will given to the expert traders while 85%-70% will be given to the copiers, it will be calculated on a weekly basis at 00:00 (CT) every week. There may be a delay of 10~30 minutes for the system to process the settlement. Please be patient.