The Secret to Cracking Crypto from the Get-go? (It’s Copy Trading)
by
FM
What is copy trading and what explains its recent popularity?
Beginning your crypto journey is challenging. Trust doesn't come easily and it takes time to learn how to identify crypto market sentiments, owing to its volatile nature. Even deciding where to park your money is a task in itself.
Moreover, consumer protection regulations within crypto are still largely undeveloped. As governments across the world grapple to define the regulations surrounding crypto, people are left to navigate the crypto world on their own and rely on close-knit communities for financial advice.
So many start by engaging in what's called Copy Trading. A popular crypto trading strategy used by beginners and experts alike in both the crypto and financial markets. But that, then, begs the question: What is Copy Trading?
What is Copy Trading in Crypto?
Copy trading is a popular strategy in the crypto market that allows traders to automatically replicate the trades of experienced and successful traders to your brokerage account. This is especially useful for beginners or for people interested in generating gains passively.
It is essentially a form of social trading where beginners can benefit from the expertise of more seasoned traders without having to possess extensive knowledge or experience in trading themselves. By copying the trades of successful traders, they can potentially achieve similar profits and minimize the risks associated with trading on their own.
Different types of copy trading:
Manual: You can actively pick and choose positions within your account based on the positions taken by the trader you want to copy.
Automated: All of the expert traders' positions will be copied by your account automatically on this setting.
Here's How to Do Copy Trading
To participate in copy trading, beginners need to join a copy trading platform or a social trading network that connects traders from around the world. These platforms generally provide a transparent environment where traders can interact), share their strategies, and allow others to copy their trades.
Once a beginner selects a trader to copy, the platform automatically executes the same trades on the beginner's account in real time. This means that any trade executed by the copied trader will be replicated proportionally in the beginner's account, including the entry price, stop loss, and take profit levels.
Here’s a step-by-step breakdown of how to start copy trading:
Find a trustworthy platform - Choose one with rigorous KYC compliance for its traders. Zenit World is a top-choice platform to begin trading.
Fund your account with Fiat currency or Cryptocurrency.
Choose a trader to copy - Identify how they ride over market volatility in the long run, don't just look at recent wins. Check the liquidity of the coins they're trading as well.
Set copy trading parameters - Like the amount you want to trade per order, the maximum amount you want to trade under a single trader, the margins to achieve for each trader, your leverage percentage, stop loss and take profit levels, and other parameters.
Start feature on application or platform of choice.
Continuously track your trade performance - Keep tracking your performance and that of the traders you’re copying.
Learn more about Zenit World and get access to exclusive content, including its latest White Paper.
Follow Zenit World on social media to stay up-to-date on the latest news and trends in the industry.
Beginning your crypto journey is challenging. Trust doesn't come easily and it takes time to learn how to identify crypto market sentiments, owing to its volatile nature. Even deciding where to park your money is a task in itself.
Moreover, consumer protection regulations within crypto are still largely undeveloped. As governments across the world grapple to define the regulations surrounding crypto, people are left to navigate the crypto world on their own and rely on close-knit communities for financial advice.
So many start by engaging in what's called Copy Trading. A popular crypto trading strategy used by beginners and experts alike in both the crypto and financial markets. But that, then, begs the question: What is Copy Trading?
What is Copy Trading in Crypto?
Copy trading is a popular strategy in the crypto market that allows traders to automatically replicate the trades of experienced and successful traders to your brokerage account. This is especially useful for beginners or for people interested in generating gains passively.
It is essentially a form of social trading where beginners can benefit from the expertise of more seasoned traders without having to possess extensive knowledge or experience in trading themselves. By copying the trades of successful traders, they can potentially achieve similar profits and minimize the risks associated with trading on their own.
Different types of copy trading:
Manual: You can actively pick and choose positions within your account based on the positions taken by the trader you want to copy.
Automated: All of the expert traders' positions will be copied by your account automatically on this setting.
Here's How to Do Copy Trading
To participate in copy trading, beginners need to join a copy trading platform or a social trading network that connects traders from around the world. These platforms generally provide a transparent environment where traders can interact), share their strategies, and allow others to copy their trades.
Once a beginner selects a trader to copy, the platform automatically executes the same trades on the beginner's account in real time. This means that any trade executed by the copied trader will be replicated proportionally in the beginner's account, including the entry price, stop loss, and take profit levels.
Here’s a step-by-step breakdown of how to start copy trading:
Find a trustworthy platform - Choose one with rigorous KYC compliance for its traders. Zenit World is a top-choice platform to begin trading.
Fund your account with Fiat currency or Cryptocurrency.
Choose a trader to copy - Identify how they ride over market volatility in the long run, don't just look at recent wins. Check the liquidity of the coins they're trading as well.
Set copy trading parameters - Like the amount you want to trade per order, the maximum amount you want to trade under a single trader, the margins to achieve for each trader, your leverage percentage, stop loss and take profit levels, and other parameters.
Start feature on application or platform of choice.
Continuously track your trade performance - Keep tracking your performance and that of the traders you’re copying.
Learn more about Zenit World and get access to exclusive content, including its latest White Paper.
Follow Zenit World on social media to stay up-to-date on the latest news and trends in the industry.
DailyForex Releases its 2024 Guide to Top Forex Platforms
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa