How to conduct copy trading?

How to Conduct Copy Trading? I. How to Start Copy Trading Go to the real trading details page of the subscribed trader, click on "Copy Trading," and complete the copy trading settings to start copying trades.

II. Copy Trading Settings The current BitFrog copy trading settings mainly include four modules: copy mode selection, maximum copy amount setting, advanced settings, and single trade copy settings. These settings will be explained separately below.

Copy Mode Selection Real copy trading currently only supports the proportional copy mode.

Single Trade Copy For the proportional copy mode, a fixed proportion must be entered for single trade copying. This proportion represents the multiple of the trader's opening amount that the user will invest each time.

Example ①: The trader currently has 500 USDT in funds and has set a leverage of 30x, so the maximum position the trader can open is 15,000 USDT. If the copy trading user sets the single trade copy proportion to "1," and the trader opens a position worth 15,000 USDT, the copy trading user will open a position worth 15,000 USDT × 1 = 15,000 USDT.

Example ②: The trader currently has 500 USDT in funds and has set a leverage of 30x, so the maximum position the trader can open is 15,000 USDT. If the copy trading user sets the single trade copy proportion to "0.1," and the trader opens a position worth 15,000 USDT, the copy trading user will open a position worth 15,000 USDT × 0.1 = 1,500 USDT.

Advanced Settings This section includes copy trading stop-loss settings and leverage settings. If there are no special requirements, these settings may remain unchanged.

Copy Trading Stop-Loss Settings: Here, you can set the maximum loss amount you are willing to accept. Once the self-defined maximum loss amount is reached, the copy trading relationship with the corresponding trader will be terminated, and the remaining positions will be fully closed at market price.

Leverage Settings: Here, you can set the leverage for the copy trading currency pair, with a maximum of 20x supported.

Maximum Copy Amount Copy trading users can customize the maximum copy amount. Once the self-defined copy amount limit is reached, they will no longer follow the trader's trades.

Example ①: The trader currently has 500 USDT in funds and has set a leverage of 30x, so the maximum position the trader can open is 15,000 USDT. If the copy trading user sets the single trade copy proportion to "1," and the trader opens a position worth 15,000 USDT, the copy trading user will open a position worth 15,000 USDT × 1 = 15,000 USDT. If the copy trading user adjusts the maximum leverage to 10x in the contract settings, the copy trading user will actually need 15,000 ÷ 10 = 1,500 USDT as the maximum copy amount to successfully copy the trade. If the set maximum copy amount is < 1,500 USDT, they will not follow the trader's trades.

Example ②: The trader currently has 500 USDT in funds and has set a leverage of 30x, so the maximum position the trader can open is 15,000 USDT. If the copy trading user sets the single trade copy proportion to "0.1," and the trader opens a position worth 15,000 USDT, the copy trading user will open a position worth 15,000 USDT × 0.1 = 1,500 USDT. If the copy trading user adjusts the maximum leverage to 10x in the contract settings, the copy trading user will actually need 1,500 ÷ 10 = 150 USDT as the maximum copy amount to successfully copy the trade. If the set maximum copy amount is < 150 USDT, they will not follow the trader's trades.

III. Disclaimer This article is for reference only. The views expressed in this article are solely those of the author and do not represent the views of BitFrog. This article is not intended to provide (i) investment advice or recommendations; (ii) an offer or solicitation to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Holding digital assets involves high risks and may be subject to significant volatility, potentially even becoming worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation.