Detailed Guide: How to start copy trading with Bitget?

Bitget Copy Trading Method

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Before you start copy trading, open an account and make a deposit. As of 2021, Bitget is holding a bonus campaign that will give you up to $ 565 for a limited time, so if you are considering registering, we recommend proceeding with registration as soon as possible.

  • Go to Bitget's official site: This site only 10% off transaction fee semi-permanently and bonus campaign holding that can receive up to $565.

Please read the following article for the specific method. If you follow the procedure to start the copy trading, it will take about 5 minutes.

Steps To Start Copy Trading With Bitget

Now let's start copy trading.
You can easily start trading by following the steps below.

Step1: Transfer Of Funds

  • First of all, you need to transfer the deposited funds to your copy trading account.
  • Go to "Assets"-> "Transfer" and open the "Fund Transfer" screen.
  • Specify the currency as USDT (tether), the contract as a professional USDT contract, and enter the transfer quantity.
  • If the transfer is completed, it will be reflected in the professional contract USDT part of the asset screen.

Step2: Select A Trader To Copy

Let's choose the trader to copy next.

Method Of Operation

  • First, select "Copy Order" displayed at the bottom right of the top page.
  • You can select a trader by choosing the desired trader from "Copy Order" and pressing "Copy Order".
Bitget Copy Trading Method 1

How To Choose A Good Trader

You can see the detailed data by pressing the desired trader from "Copy Order". It is also possible to sort in order of ranking.

You can see the following data in Bitget:

  • Rate of return within three weeks → Rate of return within three weeks
  • Three weeks win rate → three weeks win rate
  • Revenue within three weeks (USDT) → Total profit amount within three weeks
  • The total rate of return → Total profit so far
  • Total number of transactions → Total transactions so far
  • Number of followers → Number of followers currently following traders
  • Number of profits → Number of profits made by trading so far
  • Number of losses → Number of cases that have been lost in trading so far
  • Trading currency → Currency pair traded by a professional trader
  • Order history → Trading history so far (including trading price)
  • Order currently being copied → Position currently held
  • Follower → Achievements of followers (Achievements using the copy source trader)
  • Registration date → Number of days since registration
  • Capacity → Maximum number of followers
Bitget Copy Trading Method 2

The point to note is that "do not judge only by the rate of return within three weeks".

This rate of return is fixed only when the position is settled, so if you leave a position with a large amount of unrealized loss, it will not be reflected in the actual results.

For example, in the following cases, the rate of return is 523.2%, so it is tempting to choose immediately. Still, since we have 30 or more positions with unrealized losses, we carefully analyze and consider other factors as well. Need to do it.

Also, due to the mechanism, even if the transaction amount is small, the copy side can receive a commission as long as it makes a profit, and it is easy to increase the number of followers. Therefore, many people trade in a form close to mid-gambling, taking a considerable risk with a small amount.

This is the case for traders whose actual returns are meagre compared to their three-week rate of return.

Based on these, it is a good idea to check the following points when choosing a trader.

  • The balance between the total number of transactions and the total rate of return. You can know whether the trader is earning long-term and continuous and whether he has experience.
  • You can check how many people make money by following the copy source trader.
  • Balance of profitability within three weeks and profit within three weeks. You can know whether you are trading according to the latest market conditions or whether you are conducting stable trading.
  • Orders are currently being copied. You can check if there are a large number of positions that have unrealized losses.
  • You can check whether you have been able to stop loss and how much leverage you are trading.

There are various points to check, but first, let's narrow down some points and search. After that, it is best to find a trader that suits you while trading.

Step3: Set Copy Trade

Once you have selected the pro trader you want to copy, let's set it individually.

Contract Transaction Copy Order

Choose which currency pair you want to copy the trade. By default, all currency pairs that can be traded are selected, so you can press the currency pair that you do not want to select.

Copy Order Type

Select whether to set the maximum amount to copy for one transaction or to copy at a fixed ratio.

  • Fixed amount → Set the maximum amount for one copy trade. For example, if you set it to 100USDT, if a trader places an order for 1,000USDT, the follower will place an order for 100USDT. Since it determines the maximum copy amount, even if you have 2,000 USDT in your account, you will only be able to order 100 USDT.
  • Fixed ratio → Set your order amount to a fixed ratio for one copy trade. For example, if you set it to 3 times, if a trader places an order for 1,000 USDT, the follower will place an order for 3,000 USDT. If it is 0.1 times, 100 UST will be ordered.
Bitget Copy Trading Method 3

Detailed Settings (Risk Management)

The following three can be set arbitrarily.

  • Stop-loss setting
  • Profit ratio
  • Maximum follow

If you do not set it, it will match the stop-loss/profit line of the pro trader.

Also, if the maximum follow is set, no copy will be made for trades over the specified amount. For example, if you set it to 1,000 USDT, you will not be able to copy transactions over 1,001 USDT.

For copy order type and detailed settings, you can change the settings for each currency pair by pressing "High-end settings" on the upper right. Let's change it according to each currency's volatility and market conditions.

Recommended Settings For Beginners

For those who are thinking of starting copy trading from now on, it is recommended to set it as follows.

  • Copy order type → First, set the fixed ratio to 0.1 times, and after seeing the result of buying and selling, let's gradually increase the ratio.
  • Directly linked to detailed settings → profits, so if you do not change it partially or make appropriate settings, you will not be able to obtain the profits you originally expected. If you are not particular about it, do not set it and leave it as it is.
Bitget Copy Trading Method 4

Frequently Asked Questions about Bitget Copy Trading

Here are some frequently asked questions about Bitget copy trading.

Q. Can I really make money by leaving it alone?

Ans. Yes, we buy and sell at exactly the same time as professional traders, so you can make a profit even if you leave it alone. However, I think that there is a difference between the amount of funds of a professional trader and myself, so there is a possibility that the loss has been cut when the loss increases. Also, even professional traders cannot say that the winning percentage is 100%, so it is recommended to check the transaction results about once a week. If you don't have a track record, you may want to consider switching to another trader.

Q. Can traders who have followed once be followed all the time?

Ans. It is possible. However, it is possible that a professional trader will refuse (remove) your follow-up. Since it is a capacity system and the fee is paid according to the transaction, it seems that inactive users and users with few resources may be excluded from popular followers.

Q. Which trader is recommended for beginners?

Ans. Basically, professional traders with a track record and know-how are registered, so there is no doubt that you should select a trader with a high overall ranking. Also, if you meet the three conditions of a high total number of transactions, a high total rate of return, and many followers, you can say that you are a trader with a long-term track record, so we recommend it.

Q. How much money do you need to start trading?

Ans. You can do as much as you want. There are no rules such as the minimum required funds to start a copy trade. However, the more money you have, the closer you will be to the trader's performance. It is also recommended to start with a small amount of funds and increase the funds if the operation results are good.

Summary

We have explained in detail how to get started and the advantages and disadvantages of Bitget copy trading. Even if you have little money or no knowledge of trading, it is very attractive to be able to start easily and earn money immediately.

There is no doubt that you will be able to make a fulfilling transaction if you pay attention to only a few points.

There are only a few cryptocurrency exchanges where you can make copy trades, so why not take this opportunity to open a Bitget account and participate in the transaction.

About Author

Naoya Shimura

Asset management consultant for the wealthy. With 10+ years of project investment experience in the trading industry, financial industry, gaming industry, and IT industry, he provides various consulting services around the world. Serving as a director of an energy development company, responsible for asset operation and coordination of business cooperation with government agencies of various countries. And operate leading companies in Japan and Singapore.

3 Comments

Easy to use for a beginner like myself. The best function is copy trader

Amazing site, and have gained quite detailed information about Bitget... And I have learned quite a lot of things. Informative guide for a beginner like me.

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