[Gate.io: For beginners] What is copy trading? Advantages and Disadvantages: Thorough explanation of virtual currency trading methods

Gate.io

One of the reasons for the popularity of Gate.io is the copy trade. At Gate.io, even beginners can suddenly win by using copy trading. The reason is simple and you can win immediately because you entrust your funds to skilled traders. Of course, it’s an investment, so you can’t always win 100%, but the winning rate is overwhelmingly higher than beginners.

What is copy trading?

Copy trading is a trading method that aims to make a profit by copying the trading details of a specific trader. Copy trading can perfectly copy the trading method by following the trader. The entry timing is the same as the timing of the trader who entrusted the funds, and the settlement timing is also the same. Since it is operated by a virtual currency professional trader, there is an advantage that even inexperienced beginners can earn money. Trading is done automatically according to the trader, so there is an advantage that you do not have to watch the chart all the time.

copy trade fee

Copy trading incurs a fee. The summary is that if a profit is made, the user will have to pay a commission per price (profit distribution) to the trader indefinitely in futures or spot trading. A commission of about 8% to 10% will be paid. Copy trading fees will only be charged if there is a profit. Copy trading is also possible with the app, and you use margin as collateral to compete in fluctuating market prices, but since there are skilled traders, the risk is low, so it is safe.

Identification

Copy trading cannot always be started immediately. In order to copy trade, you must complete identity verification. After registering with Gate.io, please apply for identity verification as soon as possible. Please also check the terms of use and rules. At the same time, check out media news, blogs, SNS, etc. Get the latest information. It helps you predict when to buy and sell items.

Advantages and disadvantages of copy trading

At first glance, copy trading may seem to have only benefits, but in reality, this is not the case. There are both advantages and disadvantages, so it’s best to know them before deciding whether to do it or not. Gate.io allows you to trade major currencies, and stocks such as bitcoin, ethereum, tether, and xrp can be traded in the market. Institutional investors are also participating.

merit

The advantage is that all funds are entrusted to professional traders, so it is very easy to win. For beginners, it takes 2-3 years or more to be able to win. But by entrusting it to a professional trader, you will soon be able to win. A professional with experience and technology will earn instead. And you don’t even have to look at charts. This is because the content of the transaction is exactly the same as the professional trader of the entrusted company.

Demerit

The disadvantage is that you can’t improve your skills yourself, so your trading will never improve. Therefore, the biggest disadvantage of copy trading is that you cannot grow yourself. Furthermore, even if you are a professional trader, you cannot win 100%. Even professional traders can experience large drawdowns, so be prepared and consider whether to outsource.

How to start copy trading

At first glance, copy trading may seem to have only benefits, but in reality, this is not the case. There are both advantages and disadvantages, so it’s best to know them before deciding whether to do it or not. Gate.io allows you to trade major currencies, and stocks such as bitcoin, ethereum, tether, xrp, dogecoin, solana, cardano, etc. can be traded on the market. Institutional investors are also participating.

Please log in first to start copy trading. Select copy trade at the top of the formula.

Source : Gate.io

Scroll down the “Copy Trading” screen to see the top traders. You can copy by selecting the trader whose performance you want to check from the displayed results.

Source : Gate.io

After entering the transaction information, select copy mode. Copy mode selects either automatic copy or custom (set details yourself). Check the order and if there is no problem with the entered information, click “Copy”. This completes the Gate.io copy trade.

Source : Gate.io

How to confirm results

Click on the trader name to see the trader’s past performance. In order to reduce risk, it may be necessary to follow several traders with different trading styles. When you start copying, it is wise to consider whether or not to follow up after confirming this track record.

Source : Gate.io

Explanation of the main features and functions of Gate.io

Gate.io is a crypto asset exchange that boasts top-level recognition around the world, similar to Kucoin and Binance. They also have a VIP program, which makes purchasing Bitcoin fairly easy. The services vary and are quite extensive, as shown below. We have the largest number of coins in the industry, so you can exchange and obtain new coins. Introducing the latest features in a list. Maker and taker are also low, so it is recommended. You can connect and trade from either a browser or a PC terminal.

Abundance of transaction formats

Currently, Gate.io has a wide variety of altcoins such as BTC, ETH, USDT, and DOGE, and has the largest variety of altcoins in the world. You can buy and sell derivatives, liquidity mining, spot trading, ETFs, margin trading, and staking. There are many bonuses and campaigns. There is also a point system, which can be used in place of money within the exchange.

Lots of events

At Gate.io, you can earn airdrops of newly listed coins and earn profits by owning the unique token GT. There are many startup events, a unique platform is used, and there are separate margin and cross margin buying methods and orders. The official website also has friend invitation and affiliate programs.

Security measures

Gate.io has strong security regulations and has two-factor authentication as an enhancement. Security measures, password management, and wallet funds management are also safe, and payments can be made through P2P or virtual currency remittance credit card purchases. You can also transfer funds between Classic and Portfolio accounts.

Multilingual support available

Gate.io will be a global cryptocurrency exchange. Therefore, we support multiple languages such as español, Русский, việt, 简体, 中文, português, etc. We have traders participating from all parts of the world. Many institutional investors also participate. Coins also support major currencies, including Bitcoin, Ethereum, Cardano, USDG, and Gatetoken.

maximum leverage is high

The current maximum leverage is 125x, which is very high. What’s more, you can also trade through the app, which is a great deal. You can also download your transaction history. The official website also has a glossary and terms of use, so take a look. The bonus is very attractive because it can be used as a margin as a credit. There is also an invitation program, individuals can introduce friends, and newly listed coins can be traded flexibly.

Plenty of learning content

Gate.io also has a wealth of learning content about trading. After creating your profile, learn about financial products within your web account. There’s always a lot to learn about digital asset management, including economic indicators, martingales, hedging, arbitrage, Gridbot, Launchpad, and more.

The product also supports fiat currency

Deposits can be made via bank account, debit card, or credit card, as well as fiat currencies. Compatible with: There is also testnet, and you can start with a demo. Before making large trades, it is recommended that you first become familiar with various trades online.

USD/JPY/EUR/GBP/NGN/PHP/IDR/EGP/UZS/CAD/MYR/BRL/RUB/INR/TRY/KZT/AED/CNY/HKD/ZAR/PLN/ARS/UAH/PGK/XOF/ KES/PKR/GHS/UAH/THB/TWD/XAF/PLN/MXN/COP

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