Explained: How to profit from trends with Bitget spot copy trading
In 2023, almost every coin had its time in the sun. Have you had the chance to ride the trend and make profits? Bitget spot copy trading provides investors with a more convenient way to invest than trading on their own, allowing them to easily seize opportunities in hot coins without having to perform in-depth market research.
As we make our way through the first month of 2024, have you learned how to pick out popular coins to invest in yet? Read this article to learn how to use Bitget spot copy trading to your advantage.
1. Choosing a good elite trader
Choosing the right elite trader to follow is critical to trading popular coins.
The easiest way to do this is to browse the elite trader leaderboards and follow the elite traders with the highest profits. You can also use our powerful filters to locate elite traders who are trading specific coins with ease. Harnessing the rich trading experience of the elite traders you follow, you can easily trade popular coins and earn profits without any hassle.
Resources:
Elite spot traders leaderboard
Bitget copy trading: Elite trader's data viewable by followers
2. Selecting all coins traded by an elite trader
Diversifying your portfolio by selecting all the coins that your elite traders are trading helps offset the impact of drawdowns in individual coins. All coins traded by an elite trader are selected by default in the copy trading settings page to provide an optimal user experience.
3. Enabling auto-copy
Enabling the auto copy feature is also critical, as the most popular coins change every minute. To enable auto-copy, simply click the Auto-Copy button in the copy trading settings screen.
4. Following more elite traders
You can follow more than one elite trader to maximize your gains on popular coins. This approach will increase the frequency of your copy trades, greatly improving fund utilization and the success of your copy trades!
Tip:
Once you set up your copy trades, make sure that your spot account is well-funded to avoid missing out on popular coin investment opportunities.
Conclusion
By choosing a good elite trader, selecting all coins traded by elite traders, enabling auto-copy, and following more elite traders, you can confidently embark on your spot copy trading journey and never miss out on hot coins!
Disclaimer:
Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users should conduct their own research and invest at their own discretion. Bitget shall not be liable for any investment losses.
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