Have you heard about “Copy trade”?
Nowadays, many trading platforms have integrated the copy trade function into their products and services, which allows most investors to copy other traders in a more convenient way. Currently, the trading platforms in the market, eToro, ZuluTrade, and Bityard all have launched copy trade system.
Bityard, the best platform where you can use “Copy Trade” to earn money. Copy trading on Bityard allows users to simply copy the trades of other users on the platform at no extra cost. The trader who gets copied is rewarded with a commission of 8% on the trading profit.
Recently many people are interested in Copy Trading and they wanted to know how exactly it is done. It is basically a tutorial or step-by-step guide on how to copy traders or how to get copied. As you may already know by now, Bityard is a trading platform that wants to make trading easy, not just for newbies but for professionals as well. Therefore, this tutorial is suitable for all traders, regardless of the level of trading experience.
While it might be true to say that everyone who buys and sells an asset is a trader, regardless of the type of asset, purpose, price or whether with cash or on contract. However, there are two types of traders; the first type of trader merely fits the description above, while the second type of trader goes beyond just buying and selling. The second type of trader meets the following criteria
The second type of trader knows what he is doing. He realizes that the high volatility of the crypto market presents a great opportunity for profit to the people that know what they are doing. As much as the opportunity to profit is great, so is the potential for great losses to those who may not know what they are doing. Thankfully, Copy Trade on Bityard allows anyone to trade like a professional trader by simply copying the trades of someone else.
Take an example of the trader below with a profit rate of 50.61%. you can see that he has a win rate of 95.83% on the trades he has conducted in the last 30 days, giving him a P/L ratio of 50.40%. he has only traded for 4 days, and conducted 24 trades in the last 30 days. He only has 159 followers.
Once you are satisfied with the settings, and you have chosen your trading amount, click the copy button as shown below.
In case you are a trader who would like to get copied on Bityard, the brief explanation below highlights how you can do it.
To appear on the list of traders that can be copied, you first have to become a ‘Listed trader” on Bityard. To become a listed trader, you must fulfil the following conditions:
Now Bityard and BOLOTTRADER, the most popular trader on the platform, have held a trading competition together. The information of the event is as follows:
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