What is Copytrading?
Copytrading is an algorithmic trading tool that is intended for copying the trades of professional traders. This algotrading tool allows traders to create their own trading strategy and makes the trading process more effective as well as brings a good profit.
How does it work?
The essence of this feature is that the trader invests your funds instead of you. Transactions happen automatically, so you don't have to do anything. All you have to do is choose which experienced trader to follow and trust your funds. You do not just blindly copy all transactions, but create your own strategy. This feature is suitable for both beginners and experienced traders.
Advantages of Copytrading
- The trades are executed automatically
- Copytrading enables the use of the investment knowledge and skills of an experienced trader
- It isn't required to analyze the crypto pairs or market trends to decide which cryptocurrency to buy or sell
- Possibility of receiving passive income
- Traders can make a profit without spending hours studying the crypto market
- The expert trader makes investment decisions by himself
- The opportunity to customize risk management to mitigate the risks
Why is it worth using Copytrading on the Cryptorobotics platform?
- This is an easy and profitable way to start the trading process that does not require relevant knowledge and skills
- This function reduces the loss of traders’ funds and increases the chances to get a good profit
- This type of algorithmic trading does not require much time
How to start to use Copytrading on the Cryptorobotics platform?
In order to set up the Copytrading tool and start copying the trades of an experienced trader, you need to:
- Go to the Cryptorobotics trading platform
- Pass the registration process
- Choose "Algotrading"
- Select Copytrading
- Purchase a subscription
- Launch Copytrading
- Select a crypto exchange. Copytrading is currently available on Binance and Binance Futures
It should also be noted that in order to copy trades in each channel, you need to connect a separate account that does not have other trades or is not associated with other algorithmic trading tools.
Cryptorobotics tariffs and plans
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