How to Do Spot Copy Trading on Bitget? - Website Guide

[Estimated Reading Time: 5 mins]

This article provides a step-by-step guide for using Spot Copy Trading on the Bitget website. Spot Copy Trading allows you to replicate the trades of experienced traders, helping you potentially grow your portfolio without the need for constant market monitoring.

What is Spot Copy Trading?

Spot Copy Trading enables users to automatically follow the trading strategies of professional traders on Bitget. You can select a trader, allocate funds, and replicate their spot trades directly in your account. This feature is ideal for beginners and busy traders looking for hassle-free portfolio management.

How to Access Spot Copy Trading on Bitget?

Step 1: Access the Copy Trading Section

1. From the main menu, navigate to the Copy Trading tab.

2. Select Spot Copy Trading from the available options.

Step 2: Choose a Trader to Copy

1. Browse the list of professional traders displayed on the Spot Copy Trading page.

• View trader performance metrics like Win Rate, ROI, and Followers’ Earnings.

2. Click on a trader’s profile to see detailed statistics and trading history.

Step 3: Follow a Trader

1. After evaluating, tap Copy on the trader's profile.

2. Agree to the Terms: Read and agree to the Bitget Copy Trade Agreement before proceeding.

Step 4: Configure Copy Trading Settings

1. Edit Copy Trading Pairs:

• Tap Edit next to the list of copy trading pairs.

• Select or deselect trading pairs based on your preferences.

2. Choose Copy Mode:

• Select between Fixed Amount or Multiplier mode to determine how trades are copied.

• Fixed Amount: This option allows you to set a specific amount of money to invest in each trade made by the trader you’re copying. Regardless of the trader’s position size, your copy will always use this fixed amount per trade.

• Multiplier: This option links your trading amount to a multiple of the trader’s investment. If you set a multiplier of 17x, your position size will be 17 times the trader’s position size. This method scales your investment proportionally to the trader’s trades.

• Adjust the investment amount using the slider or input field.

3. Risk Management Settings:

• Tap Edit next to the risk management section.

• Set your Stop-loss Ratio, Take-profit Ratio, and Maximum Copy Amount as per your trading strategy.

4. Enable Auto Copy (Optional):

• Toggle the Auto Copy switch to automatically copy new trading pairs added by the trader.

5. Once all configurations are complete, tap Next to confirm and activate the copy trading setup.

Step 5: Monitor Your Trades

1. Track Your Performance:

• Navigate to Copy Trading>My copy trades to monitor:

2. Stop Copying Anytime:

• If needed, you can stop copying a trader by tapping Unfollow on the trader’s profile

Tips for Managing Your Spot Copy Trading

1. Monitor Your Trades

• Navigate to the My Trades section under Copy Trading to monitor your active trades and track performance in real time.

2. Pause or Stop Copy Trading

• You can stop copying a trader at any time by selecting the Unfollow option. This allows you to reassess your strategy or switch to a different trader.

3. Adjust Parameters

• Regularly review and modify your investment amount, copy ratio, or risk management settings (e.g., stop-loss and take-profit thresholds) based on market conditions and personal preferences.

4. Choose Traders Wisely

• Analyze trader performance metrics such as ROI, trade frequency, and risk level before selecting whom to copy. Look for consistency and strategies that align with your goals.

5. Diversify Your Portfolio

• Follow multiple traders with different strategies to spread risk and balance your portfolio. Diversification can improve long-term results by mitigating individual trader risks.

6. Use Risk Management Tools

• Always set Stop-Loss and Take-Profit limits to protect your investments and manage potential losses effectively.

FAQs

1. What is Spot Copy Trading?
   It’s a feature that lets you automatically replicate the trades of professional traders in spot markets.

2. Can I adjust my investment after copying a trader?
   Yes, you can modify your investment amount and settings anytime.

3. How do I stop copying a trader?
   Go to My Trades and click Unfollow for the respective trader.

4. Is there a minimum amount required for Spot Copy Trading?
   Yes, a minimum investment is required, which varies by trader and market conditions.

5. Can I lose money in Spot Copy Trading?
   Yes, trading involves risk, and your copied trades will reflect the performance of the trader you follow.

Disclaimer and Risk Warning

All trading tutorials provided by Bitget are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of your funds. Past performance does not guarantee future results. Always conduct thorough research, understand the risks involved. Bitget is not responsible for any trading decisions made by users.