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.
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.
Now let's start copy trading.
You can easily start trading by following the steps below.
Let's choose the trader to copy next.
Method Of Operation
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:
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.
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.
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.
Detailed Settings (Risk Management)
The following three can be set arbitrarily.
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.
Here are some frequently asked questions about Bitget copy trading.
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.
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.
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.
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.
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.
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.
Being able to see what other traders do make me able to learn and interact with some amazing people all over the world.