Copy trading is a financial trading mechanism that allows regular traders to follow leading, more established, or experienced traders and copy the trades they make on a daily, weekly, or monthly basis. Copy trading can be an excellent strategy to insert into your own strategy, especially if you want to step outside your limits and boundaries, and experience different types of trading strategies on different coins.
How To Copy Trade On Phemex?
If you want to try out our new copy trading platform, go to Contract on the top tabs and select Copy Trade. This will take you to our new copy trading user interface.
What’s new about our service is we’re offering one-click copy trading, where all you have to do is click Copy under your desired trader’s name, and our system will automatically copy their trades for you. This is 100x more convenient than watching a YouTube video of an expert trader and having to go onto an exchange and manually do the trades they’re recommending. This is what sets this service apart!
So once you find a trader you want to copy you will be taken to another page that will let you decide which trading pairs you want to copy, how much leverage, and your max investment. Here the benefit is all of this is 100% customizable.
For example, if your favorite trader is buying ETHUSD, LINKUSD, or SOLUSD contracts, but you don’t have as much capital, you can still copy these trades, but with smaller positions. So this service works for both larger and smaller players.
In addition, Phemex’s new copy trading service is tailored for top traders as well. For example, traders can apply to become a top trader on our platform to build a following, expose their profile and trading ability to a large audience, and develop fame and reputation.
Moreover, there’s a financial benefit as well where you can profit from the traders that copy your trades. Here a top trader can earn up to 20% in profit sharing, which is significantly higher than the 8% offered by other platforms.
There are also VIP benefits and trading competitions.
So hurry up and copy traders with a single click and gain followers and share their profits.