Copy trading allows you to replicate the strategies of experienced traders, optimizing your investment potential while minimizing risk. Follow this step-by-step guide to set up a successful copy trade order.
Step 1: Access the Copy Trading Platform
- Navigate to Trade and select Copy Trading.
Browse through lead trader profiles, reviewing key statistics such as:
- Historical performance
- Win rate percentages
- Risk management strategies
👉 Discover top-performing lead traders
Step 2: Select a Lead Trader
- Click Copy on your preferred trader’s profile to replicate their strategy.
- Ensure their trading style aligns with your risk tolerance and goals.
Step 3: Configure Order Amount
Choose between two funding methods:
Fixed Amount
- Set a consistent margin per trade (e.g., 10 USDT per order).
- Ideal for controlled, predictable investments.
Proportional Amount
- Apply a multiplier (e.g., 0.1x) to the lead trader’s position size.
- Example: If they trade 10,000 USDT, your order becomes 1,000 USDT (10,000 × 0.1).
Step 4: Define Investment Limits
- Amount per order: Minimum 10 USDT.
- Maximum total amount: Caps cumulative investment. Once reached, new trades pause until existing ones close.
Step 5: Adjust Advanced Settings
Fine-tune your strategy with these optional configurations:
Contract Settings
- Contract Type: Choose Same as trader or Custom (select all contracts for alignment).
- Margin Mode: Opt for Cross, Isolated, or follow the lead trader’s recommendation.
- Leverage: Keep below 20x for risk mitigation.
Risk Management
- Total Stop Loss: Set a max loss threshold across all copied trades under one trader.
- Take Profit/Stop Loss per Order: Adhere to the lead trader’s suggested values.
👉 Optimize your copy trading strategy
Step 6: Review and Confirm
- Click Copy to generate an order summary.
- Verify all details, then finalize the order.
FAQs
How much capital do I need to start copy trading?
You can begin with as little as 10 USDT per order, though higher amounts may improve diversification.
Can I adjust my copy trading settings later?
Yes, most parameters (e.g., amount per order, stop loss) can be modified before placing new trades.
What happens if the lead trader exits a position?
Your copied trade will close simultaneously, mirroring their actions.
How do I evaluate lead traders effectively?
Prioritize traders with:
- Consistent long-term performance
- Transparent risk metrics
- Positive community feedback
Is copy trading suitable for beginners?
Absolutely—it’s an excellent way to learn from experts while automating execution.
Can I copy multiple traders simultaneously?
Yes, diversifying across several traders can balance your risk exposure.