Someone asked me about copy trading…

Someone;

Nwa good morning

Educate me on copy trading

My Response;

Greetings

Copy trading is just imitating someone’s trades. Similar to joining signal groups but with some little difference

The difference is that copy trading is automated and free.

Someone;

Oh

My response;

Automated in the sense that you don’t need to be looking out for when your master drops signals.. any trade he executes automatically reflects on yours (depending on the setting you chose while setting up your copy account with him)

Free in the sense that you don’t really pay for signals. Your master only earns from 10% of the profits on every good trade

All you need is fund, look for a master, copy, and come occasionally to check your account progress to withdraw some profits.

Someone;

What if your master is not doing well can you change?

My response;

Yes. You can change anytime you want

You can also cancel trades any time you want

Someone;

Plus do you bear u masters lose too or only gain?

My response;

Yes. Depends on the settings you chose when initiating your copy.

When you want to start copying, there’s fixed ratio and fixed amount. Fixed ratio has a minimum of $100. Fixed amount has a minimum of $10

Your profits and loss is proportional to the market’s percentage move on your margin.

Someone;

Oh ok

I’m available on Binance spot copy @Rising LLC

Happy new week! Wishing you progress!

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