What is Copy Trading & How to Get Started in One Step with Cryptorobotics
Have you ever wished you could trade like a professional and earn money in the crypto market? But you didn’t have the time to learn how the crypto industry works or lack the experience to do so. Well, that’s where Cryptorobotics copy trading comes in. This service allows you to copy the trades of an experienced trader in real-time automatically. This means you can trade like a professional without having to put in the effort to learn the ins and outs of trading.
When you use copy trading, your trades are executed with the same digital assets and amounts as the trader, so you don’t need to worry about managing your funds manually. This means you can focus on other things while still earning potentially profitable returns.
However, before diving into copy trading, it’s essential to familiarize yourself with the service’s rules. This will ensure that you fully understand how the tool works and can use it effectively.
What is Сopy Trading?
Copy trading is an advanced tool that allows novice traders to open orders without the necessity to analyze and learn the crypto market. Put, copy trading involves automatically copying the trades of an experienced trader in real time. This means that a trader can automatically copy all trades of another trader to his account. With copy trading, traders can benefit from the knowledge and experience of successful traders without having to invest time in learning the ins and outs of the market.
It also allows traders to diversify their crypto portfolios by following the trades of multiple experienced traders at once. Additionally, copy trading can be a great way to reduce the risks associated with trading, as trades are automatically executed based on pre-set parameters.
How does copy trading work on the Cryptorobotics platform?
You can use the copy trading functionality on the Cryptorobotics platform by going to the algotrading section. Here, you can find all the essential information about the channel: the number of subscribers, the number of orders, the average profit per month for each channel, and the cost of a monthly subscription.
If you need more detailed information about the channel, you can click on the “View statistics” button. In the window that opens, you will find all the necessary information about the minimum balance required for the correct operation of copy trading on this channel, as well as a graph of the profitability of transactions.
It is important to note that for correct copying of trades on each channel, a separate account on which no other trades are made and to which other algotrading tools are not connected is necessary.
In addition, you can take a closer look at each trade that the trader took with a one-day delay or view specific copied trades and your statistics on them if you have already launched a channel. Here, you will see both open and closed trades.
How to launch a copy trading channel?
Start copy trading with Cryptorobotics. With just a few simple steps, you can easily copy the trades of experienced traders and maximize your profits.
- First, register on the Cryptorobotics trading platform and select “Algotrading” from the menu.
- Then, choose the copy trading option and purchase a subscription.
- Once you’ve launched the Copytrading tool, select the trading pairs and crypto exchange you want to trade on. It’s currently available on Binance and Binance Futures.
- Finally, remember to connect a separate account for each channel you want to copy trades from, ensuring that it’s not associated with any other algorithmic trading tools or other trades.
- Take advantage of Copytrading and let experienced traders do the heavy lifting for you!
Conclusion
In the world of cryptocurrency, copy trading has gained popularity because it provides a simple and effective way for traders to profit from the highly volatile and fast-paced cryptocurrency market. By following the trades of successful traders, traders can potentially earn higher returns and reduce their risks. Overall, copy trading is an innovative tool that provides a practical and straightforward solution for novice traders who want to learn and earn from the expertise of professional traders.
