What is a contract copytrade?
Contract copytrade platform is emerging as one of the fastest-growing technologies in the trading ecosystem. It is based on copy-trading. Copy-trading is an innovative approach that allows a copier to copy the movements and tactics of a master trader without any kind of manual intervention.
How Contract Copytrade Works?
In the contract market, the direction and time of buying are very important. The contract copy trade platform will be open to professional traders behavior, and allows users to follow and copy the professional trader’s operations.
The contract copy trade follows the expert’s advice, and the user will do it as well. This way, newbies will not have to be aware of the market trends, and can take advantage of the professionals advice.
Digital currency contracts are very popular and CoinMarketCap data shows that in the second quarter of 2022, the global exchange’s future turnover will reach more than one billion dollars in size and the contract market development will continue to grow.
As part of contract trading, buyers can both buy up and down, as well as add leverage.
However, when you add leverage, you also increase risk. The amount of contract trading explosions across the network during the June 14 plunge exceeded $0.4 billion, according to coinglass.com. Because of the high threshold of contract trading, a contract strategy-based function for newbie users was created, which is,copy trade.
Billance’s contract copy trade feature is ideal for beginners who are interested in entering the crypto contracts market but do not have the time to study and monitor the market. It allows you to follow directly the chosen trader to trade contracts automatically, simply and efficiently.
With Billance copy trade, you can easily follow the trades of expert traders, most of whom are master traders in Forex and stock markets, which reduces your probability of loss.
Let’s say you invest $1000 initially, with Billance, you follow a trader and make a successful profit of $500, the trader earns 10% of this profit as sharing fee, your account capital increases by $450 and your total amount reaches $1450. The best part is that you only need to pay your traders when they make a profit.
Advantages of Contract Copy Trade
- Convenience – No need to research, plan and execute your own trades to access the market.
- Full control – You choose your own Traders and decide how much to invest.
- Safe and Secure – Your account is visible and fully protected only to you, and Billance has $40 million in contract insurance funds.
- Real-time updates – You can monitor your investment account in real time; get timely notification of each follow trade.
- Access to Order the Following Services – You can connect to our website anytime and anywhere in the world.
- Easy management – Manage your money the way you want – withdraw, invest, and only pay fees to Trader’s experts when you make a profit.
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