Bitrue introduces a copy trading feature that allows users to leverage the strategies of professional traders for managing their investments. This feature enables copying the actions of chosen professionals, which is beneficial for those lacking enough time for independent research.
What is Copy Trading on Bitrue
Copy trading on Bitrue allows users to replicate the trading strategies of a chosen professional trader using their own funds. If the professional decides to invest 10% of their portfolio into Bitcoin futures, the copying user does the same, and both receive returns on their respective investments. Professionals benefit from this arrangement as they receive a share of the trading fee from their followers' trades.
How Copy Trading Works
Bitrue offers access to hundreds of professionals trading daily. You can copy their exact trading patterns, leveraging their expertise while diversifying your portfolio. For instance, you can follow both a day trader and a long-term holder to benefit from both strategies.
How to Start Copy Trading on Bitrue
Here's a step-by-step guide to starting with copy trading on Bitrue: 1. Head to the Bitrue platform and find the Copy Trading section. 2. View active professional traders and their current performance, using filters to sort them. 3. Choose a trader and click on the 'Copy Trading' button. 4. Decide whether to use 'Fixed Multiplier' or 'Fixed Amount' mode. 'Fixed Multiplier' means your positions will match the professional's by a given multiple, while 'Fixed Amount' limits your positions to certain amounts. 5. Specify a maximum amount to limit your risk. 6. Additional settings like 'Take Profit' and 'Stop Loss' help manage risks.
Bitrue's copy trading provides an opportunity to leverage the expertise of professional traders for managing investments. It can be a useful tool for those looking to diversify their portfolio and generate returns by following successful traders.
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