Copy trading is the process of replicating one exchange account’s orders and/or portfolio into multiple others, simultaneously and proportionally. They say “buy low, sell high” but they never say far more than the “low & sell” happens between the “buy” & “high.” Hire Professional Crypto Traders on Your Exchange Account Using Finestel!Ĭopy trading is not much different from trading itself, especially when it comes to risk. Trading is a manner, a school of thought, not the buy or sell you toss on your cell phone! Trading is far more than Fibonacci and trend lines. Profitable trading depends way more on the trader than the trading strategy, indicators, your dog, or SHIB’s $1 Club. On top of those, is the emotions control, number one weak point of all traders, by far. Profitable crypto trading requires a combination of various analyses (technical, fundamental, on-chain, etc.), trading strategy developments, backtests, and more. But Why Crypto Copy Trading?īecause trading is freaking hard. Finestel is not just for investors (copy traders) to copy an expert, it’s literally for every crypto enthusiast from newbies to hedge funds. HOWEVER, if you have those capabilities, have one digit drawdown records, and your total return is positive, congrats! Copy trading is a great choice for you to gain AUM (Assets Under Management) & investors and potentially multiply your profits. Why? Because trading is a seriously complex practice, mainly because not everyone is capable of controlling their emotions and following the trading strategy, being aware of their biases, understanding risk, etc., etc., etc. Well, one of the main reasons for all that negativity around the concept is that profitable traders are really rare, especially in the volatile crypto market. Some people are completely against copy trading and among them, some believe you should train yourself and trade on your own. If you search whether you should copy a trader or not, negative results are not rare if not the majority. We also have another full-guide for KuCoin, another popular crypto exchange that Finestel supports for spot market copy trading and stay tuned to see more popular exchanges and crypto market types on Finestel. Since this article is dedicated to Binance Futures Copy Trading, we’ll talk about Binance only. These contracts are tradable assets, like Bitcoin, stocks, Gold, etc., and crypto futures trading have been available on top crypto exchanges since a few years ago. The Futures Market is a type of derivatives market that was primarily invented for “hedging.” Producers and manufacturers, business owners, traders, and so on, use “long & short contracts” to protect their profit, capital, or investment from market price fluctuations. The Trader, Crypto Portfolio or Asset Manager Side of Finestel | Introducing Finestel Proįinestel Pro | A Fully Personalized White Label Crypto Copy Trading Platformįrequently Asked Questions Briefly About The Futures Market How to Copy A Binance Futures Trader on Finestel? Hire Professional Crypto Traders on Your Exchange Account Using Finestel!īinance Futures Copy Trading via API Connections & Finestel Exchangeīinance Futures Copy Trading via Proportional Order Replication This paper, though, is about Binance Futures Copy Trading alone, which is one of Finestel’s applications. Crypto copy trading is a relatively new concept that can take the crypto investment management industry to a new level.
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