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Adrian D.
Thursday, January 26, 2023
Monday, January 2, 2023
Copy trading and BOT trading
Copy trading, what is it ?
Copy trading is very popular with traders who lack expertise in a specific market and those who have limited time to commit to trading. More exactly, one trader’s positions are copied by another trader’s account (with proven track record) when they are opened or closed and all this is automatic.
Pros of copy trading:
1) Monitor and close your position at anytime. 2) You can diverify your portfolio into markets that you are unfamiliar with. 3) You can access another trader’s expertise. 4) You can make the most of your time by basing your decision on those of traders.
1) Monitor and close your position at anytime. 2) You can diverify your portfolio into markets that you are unfamiliar with. 3) You can access another trader’s expertise. 4) You can make the most of your time by basing your decision on those of traders.
Cons of copy traders:
1) Copy trading does not eliminate risk. 2) Can provide little incentive for traders to do their own research and learn about the markets.
1) Copy trading does not eliminate risk. 2) Can provide little incentive for traders to do their own research and learn about the markets.
BOT trading
Bots are trading algorithms that can perform complex calcultions in seconds, enabling them to make trading decisions.
Bots is for everyone, it doesn’t matter if you’ve never heard of cryptocurrencies. It is designed to be quick and easy to understand without any in-depth knowledge.
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