Copy trading is a method in which you can complete a trade of a particular trader and proceed with trading. You can choose your favourite trader from hundreds of traders. Here, we will explain the characteristics of copy trading of Bitget (bit get).

Below we have explained each feature in detail

There are quite a few cryptocurrency exchanges that can trade copies. In others, ftx (f-eck) and Bybit. An exchange called BitCopy (BitCopy) is affiliated with it, but this is limited to BTC (Bitcoin).

However, Bitget can also trade copies of altcoins as well as BTC, so this will significantly expand the range of investments.

In addition, there are only about 100 traders elsewhere, and it is said that there are only a handful of excellent traders, but more than 10,000 traders register for copy trading at Bitget. If you think of growing your earnings somewhat stably, you may want to use Bitget.

Bitget allows you to see the performance of all traders registered for copying.

In addition to cumulative achievements, you can also see details of your trading history, your current positions, and how much revenue your followers actually make.

You can choose traders based on your assumed risks and returns.

Copy trading is in the form of the copier paying a 10% fee to the professional trader. Transaction fee + profit sharing fee (10%) is the cost incurred in the actual transaction. Since it is limited to the case where profits come out to the last, there is no fee when a loss is made.

On the other hand, you can also register yourself as a professional trader, so in that case, you will be paid by multiplying the average trading profit by 10%. There is no registration fee, so it will be easier to secure revenue by buying and selling while increasing followers if you are confident in trading.

Copy trading is a mechanism that leaves trading to "people", so you can make a profit by creating the flexible trading methods and strategies of excellent traders like you are.

On the other hand, the automatic trading system (EA) is used in forex, etc. is a mechanism that leaves trading to the "program" of placing buy and sell orders under certain conditions. Therefore, there is a disadvantage in that it is not possible to withstand sudden market fluctuations that are not preconditioned. It will not function if the market conditions are prerequisites for the program change.

To continue to make profits by cryptocurrency trading, where the market is prone to sudden fluctuations due to the announcement of important indicators, it is necessary to trade with a detailed chart. Still, in copy trading, it is possible to incorporate such elements.

Here are four benefits of using Bitget copy trading:

All the merits of each are explained in detail below.

Copy trading is an entirely similar method by copying the trades of experienced and experienced advanced companies as they are, so even beginners with zero knowledge can earn money.

It is a considerable advantage because it can automate the timing of loss cutting and profit, which is difficult for beginners.

Also, continuing to trade according to specific rules looks easy, is actually quite tricky, and requires strong mental strength and experience. In that regard, since such mental control is also unnecessary in copy trading, you will be able to trade continuously.

The cryptocurrency market is highly bollosing, and if you are a beginner, losses often spread in no time, and you lose your principal. The most significant risk is that there is no source and exit from the market, so the advantage is that the hurdles to making a profit are lower.

In copy trading, even business people who are busy with work during the day and homemakers who are engaged with child-rearing and housework can make a profit even if they do not have time.

Since trades are made automatically by professional traders 24 hours a day, there is no need to keep checking the market at all times, so there is little restraint time, and you can buy and sell without missing a trading chance.

Also, if you trade on your own, you need to spend time learning to acquire various knowledge. In copy trading, you can use excellent trading methods to make a profit without spending that much time.

The number of users of copy trading in Bitget (bitget) is quite large, and the cumulative number of registered users is more than 10,000. So you can choose a professional trader according to your desired return.

Even if you actually check on the smartphone app, there are countless active users, so you will always find traders that match your desired conditions.

In addition, if the compatibility does not match, you can follow other traders, so it can be said that it is merit that there are many options.

When performing cryptocurrency forex, many exchanges use btc (bitcoin) and eth (ethereum) as margins. Ttherefore, even if you succeed in increasing the funds with great care, many people have experienced that the value of btc (bitcoin) itself has decreased, and there was not much profit.

In that regard, bitget (bit get) allows all trades, including copy trading, to be traded using USDT (tether) as the source. If the currency price is linked to the price of the U.S. dollar, it is difficult to be affected by the collapse of cryptocurrency, etc., and stable investment can be made.

We will also introduce four disadvantages of bitget copy trading.

The disadvantages of each are explained in detail below.

Professional traders subject to copy trading have an optional follow limit. Traders who have reached the limit will be "full" and will not be able to follow.

Most of the top traders in the ranking are full. If there are absolutely interested traders, you can set up free follow notifications, so let's take advantage of it.

In addition, famous traders fill the frame every minute and every second, so it is necessary to follow up once as soon as there is room.

If you make a mistake in choosing a trader, you won't earn at all. Of course, trading will be left entirely to the tray you follow, so you may lose money if you choose a trader with low skills.

Choose a trader with caution.

While you can earn money by leaving it altogether, you can not acquire knowledge at all compared to the case of making discretionary trades.

You can know the timing of buying and selling, but since there are various elements involved in trading, it won't be easy to improve your skills just by looking at a little data.

since the timing of buying and selling can be left to the copied professional trader, you can trade entirely in the same way as a general frame.

However, in most cases, professional traders and their funds are not exactly the same, so if you increase the leverage, there is a risk that you will be lost before the professional trader when the market works in a disadvantageous direction.

It is necessary to put the loss cut line in the detailed setting and not to make a copy trade with the total amount of the funds on hand.

I have explained in detail features, advantages, and disadvantages, etc., about copy trading of Bitget (bit get). Even if you have little funds or do not have knowledge of trading, it is desirable to be able to earn immediately after starting easily.

If you pay attention only to a few points, there is no doubt that you will be able to make fulfilling transactions.

Few cryptocurrency exchanges can trade copies, so why not take this opportunity to open a Bitget account and participate in trading?