In the meanders of the investment for the amateurs of cryptomoney is the Copy Trading. An investment formula that offers both return and security. Which has the merit of being a combination as rare as necessary in the field. The whole benefiting from an implementation whose simplicity makes it possible to accommodate and satisfy all levels of profiles. This applies to both beginners and more experienced investors. With a single common objective: not to have to worry about it anymore.
Trading in cryptomoney is a complex activity that must be accompanied by informed choices and responsible decision-making. All of this is part of a strategy established upstream and which must be respected even - or especially - in times of market euphoria or collapse. Because its worst enemy is the trembling hand of the user stuck in front of the curve of its volatility in real time.
An activity that therefore requires keeping one's cool and that cannot be improvised. But its implementation can just as easily be delegated to a trusted third party. Especially when its daily management cannot be accompanied by a necessary investment. This is not in terms of money, but in terms of time. In order to train or to look for the right project to invest in, as well as the best time to do it.
Active trading for confident investors
Some explain to anyone who will listen that mistakes and lost funds make good traders. However, there is another option, which makes it possible to escape from this hazing, which is presented as necessary.
Because the best trader is not the one who counts his losses with a nostalgic look. He is the one who takes the necessary steps to avoid losses. And in the field this can quickly take the form of a necessary step back. This should not, however, be compared to a lack of investment. But the latter can enter into a strategy of assumed passivity that is more than profitable.
This makes Copy Trading the ideal partner for a stress-free investment. This is due to the delegation of the management of the operations, which allows you to relieve yourself of this burden. A choice that must however be clearly assumed, just like any other trading strategy.
This means accepting not to intervene and respecting the 10 essential points in order not to interfere in its smooth running. Because copying a profitable trading strategy makes no sense if it is accompanied by constant monitoring. Especially when you know that returns are calculated over time and not minute by minute stuck in front of your screen.
1 - Performing your KYC in full
When registering for a Copy Trading solution, it is necessary to have a maximum of open access. This implies that you must meet all the conditions required to validate the identity (KYC) of the connected account.
This is in order to avoid being confronted with a blockage set up by the platform that hosts this account. The latter may occur because of limited access in terms of volume of exchanges.
2 - Having USDT on your account
Copy Trading positions are systematically taken on pairs against the USDT stable corner. This means that you must always have sufficient funds in Tether in your account.
This is so that purchase orders can be made in real time and without any problems.
3 - Define a minimum capital
The minimum capital required is set at 500 USDT. This is in order to be able to log in and enjoy the advantages of Copy Trading. What little is left to hope to make interesting profits.
4 - Manage your subscription ceiling well
It is important to note that the choice of subscription is paramount. Because it defines the quantity of funds that will be taken into account when placing purchase orders. This even if the amount available on the account is higher than the amount of the subscription formula.
In this case, the purchase orders will be capped at this maximum defined beforehand.
5 - Cryptometers management
Any account can be connected to the Copy Trading tool. This even if it already contains different cryptomonnages that are not USDT.
However, it is important to specify that if a sell signal is sent on a cryptomony the entire amount of the cryptomony's funds will be sold. This is even if it was not purchased in the context of Copy Trading.
This is quite logical, since a sales signal is reflected in all the funds to preserve all of them.
6 - Do not touch the connected account anymore
It is highly recommended not to trade on the margins of Copy Trading. This on the account that is connected to this tool.
This is to avoid disturbing the risk management settings.
This is why it is preferable to connect a sub-account and not touch anything for FTX platform users.
7 - Do not add or withdraw funds
Any addition of funds must be made in a timely manner. And that means waiting until the positions taken are closed and out of the market. That is to say that the portfolio is 100% in USDT.
This is in order to avoid that the positions after this addition have a much higher size than the previous ones. This could be problematic in terms of risk management. A point that also applies to withdrawals.
8 - Never intervene on positions
Implementing a Copy Trading strategy means not having to intervene on an individual basis. This is a very important point that must be based on the mutual trust that is at the origin of its launch.
Above all, one should not try to cut certain positions unilaterally. This even - or above all - in case of doubt about the direction that the market will take.
In this situation, it is necessary to take a deep breath. And remember that the 100% automatic option of Copy Trading is exactly there to avoid this kind of impulsive human error.
9 - Forget your account (that's the goal)
Which brings us to this equally important point. And which for the blow is the one that will make the difference between an efficient trader and a person too stressed or sensitive.
You don't have to come and look at the balance of the connected account all the time. Only once a month is a great maximum.
Copy Trading is of course accompanied by an operational and very advanced system that allows you to monitor its progress. This is to know in real time if everything is going well on your account. If a problem occurs, an email is immediately sent.
No email = no problem!
10 - Cryptos availability and visibility
Some cryptomoney is not available on all exchanges. This can sometimes mean not seeing all the ones we sent a purchase signal on.
Don't panic though, we always try to send signals to the crypto-currencies that are available on most platforms.
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