How does copy trading work and how to integrate it be integrated?
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Copy trading is an advanced feature with minute elements in it. Integrating it into the existing crypto exchange platforms is integral in today’s business flow. The main reason for it is, it suits well for both beginners and advanced traders.
Copy trading is automated with the copy trading bot, where copy traders follow copy leaders. It applies to spot and futures trading.
We can see how copy trading works.
How does Copy Trading Work?
Step 1: The Trader deposits a certain amount in the copy wallet and becomes a copy leader
Step 2: They can make their account public for anyone to copy their traders. And private, to make the copy traders only follow by sending links.
Step 3: Copy traders select the leaders based on their ROI.
Step 4: Now, copy traders specify the fixed ratio and amount in percentage-based terms. They also specify the loss limits, select the trading pairs.
Step 5: If the copy trade is completed, their respective profits are deposited into the user’s copy wallet.
Step 6: When the users tend to withdraw their assets, a set percentage commission from the copy leader gets deducted.Note: It only occurs for the successful trades.
Businesses can integrate it with their existing crypto exchange platform. Or you have a great idea of adopting a Copy Trading Clone Script as your business solution. You can make both beginners and pros hooked on your platform.
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