What is copy trading and why should we use copy trading?

As a global cryptocurrency exchange, copy trading allows ordinary users to obtain the same trading tools as their recognized trading experts through copy trading. At the same time, it helps trading experts connect with experienced peers and learn the secrets of their success. Any BIT user can select a trading expert as a follower to follow orders and automatically copy all orders of the trading expert. BIT copy trading provides a transparent and reliable trading environment, allowing both professional traders and beginners to help each other and jointly create more income.

However, unlike buying funds, copying users may fail to follow orders due to their own account reasons and technical reasons. In extreme cases, the execution prices of the same copywriter may be different, and the implementation of the copywriter's strategy may be different. The order guide may also be different. Therefore, copy trading is not a strict "copying" strategy in nature.

What is the difference between a trading expert who leads orders and a user who follows orders?
Trading experts with orders refer to professional trading experts who manage investment portfolios, and other users can copy their investment portfolios. The copy trading user refers to the user who copies the investment portfolio of the trading expert.

What are the advantages of copy trading?
Help novice traders understand the cryptocurrency market and increase their trading confidence.
Novice traders can learn how to trade by observing the trading behavior of others, especially experienced traders.
You can participate in cryptocurrency market trading even if you don’t have enough time for investment analysis.
Provides a communication platform for trading experts. Professional traders and novice traders can exchange ideas and investment strategies to improve their respective trading situations.

How to make profits from copy trading?
Copy trading provides investors with profits by automatically following orders. New traders can increase their chances of profit by following the trades of professionals.

What risks are involved in copy trading?
- Copying users may fail due to their own account reasons and technical reasons. In extreme cases, the execution price of a follower with the same leader may be different, and the implementation of the follower's strategy may also be different from that of the leader. Therefore, copy trading is not a strict "copying" strategy in nature.

-Any investment product involves risks. The biggest risk in copy trading is the risk of portfolio selection. If the trading expert's strategy fails, the copy trading users who follow him may also suffer losses. During the copy trading process, copy trading users will also face the risk of slippage, especially when the transaction is affected by market fluctuations, resulting in insufficient liquidity. In addition, if the trading market rises or falls sharply, copy trading users may also encounter systemic risks. Please decide your investment amount based on your personal circumstances and risk tolerance.