Advantages of Copy Trading on MoonXBT
Recently MoonXBT officially introduced copy trading service, this is a service which refers to an investment method where investors follow their favorite traders for trading, which can help novice investors save time and avoid losses.
Investors can choose one or more traders to follow. After following a trader, there is no need to open and close positions manually, and they can immediately follow traders who automatically make transactions without having to view orders, thereby maximizing profits.
Experienced investors can also apply to become traders. Once investors are followed, they can profit from orders that generate profits from the users who follow them.
Advantages of Copy Trading MoonXBT
Safe and reliable
All traders are strictly audited, historical transactions are publicly viewable, and the data is transparent. All trader data comes from MoonXBT real market, to ensure that the data is correct and valid.
All order records for from copy traders can be tracked, and followers can use copy trades without worry.
Better win rate
Traders can follow multiple traders at the same time to maximize win rates and expand profits.
After following, the order will automatically synchronize the open / close of the followed trader. Traders who do copy trades don't need to watch the market non-stop, don't need to study market points, just follow the strategists of expert traders who can increase the level of profit that can be achieved.
The profit of each copy of the order is visible, and the profit data is displayed in real time. Traders can also change copy settings at any time, and can copy or close positions at any time, all under the trader's control.
Advantages for Expert Traders
Expert traders whose strategies are followed by copy traders can instantly get up to 10% of the follower's profit share through copy-trading orders.
Moreover the copy-trading function is open to all MoonXBT users, and traders can sit on 80000+ DAU trading contracts. MoonXBT gives traders the opportunity for high-quality exposure.
How to Copy Trading on MoonXBT
How to do copy trading on MoonXBT is quite easy, before starting make sure you have registered, verified and deposited so you can trade.
The steps are as follows:
(a) View trader data information
(b) Select a trader and complete the copy-trading setup;
(c) After completing the setup, copy-trading will start.
Also Red: An Essential Guide To Forex Trading For The Complete Beginner
In this copy trading, there are several things that need to be considered so that the copy trading process does not fail, namely: The account balance is not less than 20 USDT, the number of traders who are copied at the same time does not exceed 2 people.
Now after successfully following a trader, users of this service need to remember that margin cannot be added for copied strategies.
Copy traders cannot change stop-profits and stop-losses in copied orders, the time of copy orders is determined by expert trader orders followed and all copied orders will be executed by market orders.
View Copy Trading Data
Copy-trading data can be viewed in “[Explore]-[Copy-Trading]-[My Copies]”: Copy trading users can view the current copy-trading data, and cannot perform operations such as margin calls, but users can close positions first.
The user can also view all the history of the previously copied trades and can see the traders being copied, as well as the earnings earned from the followers, and the user can edit the copy trade settings.
In addition you can also see all the traders you have copied and see all the copy-trading income received from followers if you are also an expert trader whose trading strategy is followed.
Choosing Copy Trading Settings
The follower can choose the copy-trading settings of the trader:
(a) User can select trading pairs to copy
(b) Copy trading mode, fixed margin mode regardless of the margin order amount, orders will be copied according to fixed margin.
(c) User can set the upper limit of margin for one order.
Canceling Copy Trading
Followers can cancel copying for a specific trader or group of traders at any time. After cancellation, the next order will not be copied again. There are two ways to cancel.
(1) Cancel On: Edit the copy-trading settings and cancel the copy right away.
(2) Passive cancellation: If you fail to copy the order three times due to insufficient balance, the system will automatically cancel the copy trade.
There are some limitations on copy-trading. If the conditions are not met, you will not be able to place copy-trading orders. Among these are the daily amount of margin that can be copied cannot exceed 50000 USDT, the account balance must meet billing requirements.
The difference between copy-trading orders and normal orders
There are several differences between a copy-trading order that follows a trader to open a position and a regular order:
(a) Margin cannot be added for copied orders;
(b) Stop-profit and stop-loss cannot be modified for copied orders;
(c) The leverage of the copied order is determined by the original merchant's order;
(d) All copy orders are executed by market orders.
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