BitMEX Highlights Copy Trading Feature With New Walkthrough Video

BitMEX has also now released an in detailed video tutorial explaining its Copy Trading option. This particularly teaches users a step-by-step process on how to create accounts, copy the trades of seasoned leaders, and even profit off of their trades. The platform focuses on the need to trade responsibly and also provides both newcomers and experienced traders in copy trading. Let’s dive in and look the perspectives while learning a little about how copy trading is done.

How the Video Guides Users?

The video starts by giving an overview of what Copy Trading is and how users can follow other traders who are performing the best called Copy Leaders. It shows major profiles of traders with excellent returns on investment (ROI), presenting such metrics as levels of profit, drawdown percent, winning trade ratio.

The walkthrough features the Copy Trading Marketplace, where users have an opportunity to learn about the leader, view transparent performance statistics, and study strategies before deciding whom to follow. Measures such as ROI, drawdown, and 30-day performance are also detailed and allow the user to compare consistency across time.

The video describes how traders should start replicating with an authentic BitMEX account and balance. Users can duplicate or undo trades, customize their balance in trade and use risk control features, such as the take-profit or stop-loss option. It ends with the activation process, which allows the automated replication of the trades of the leader.

In the video, expert traders learn how to create a Copy Leader account, adjust profit-sharing percent (up to 50 percent), and construct a professional profile with important information such as trading style, capital size invested, and social connections. The leaders will be able to control their profiles, monitor Assets Under Management (AUM) and see trade history in all its transparency.

What is Copy Trading And its Benefits

Copy Trading gives access to expert strategies. This is done without requiring extensive market knowledge. It saves a lot of time throuhg automation and thereby gives learning opportunities by observing professionals. This also allows portfolio diversification as it includes following multiple leaders as well. Let’s discover some benefits of copy trading:

1. Access to expert strategies
2. Time Effective
3. Diversification
4. Profit potential
5. Risk Management
6. Monetization