Copy trading is all about… well you guessed it—copying.
Unlike school where copying from high performers is strongly discouraged, in the cryptocurrency markets you are allowed to copy from professional traders.
In fact, it’s encouraged.
And systems have been built around the same idea. These automated trading robots allow professional traders to make a commission from amateurs copying their trades.
And what’s in it for the amateur?
Well, the amateur can benefit from automated trading following tried and tested methods. In other words, you could begin with zero knowledge of crypto trading today, synchronize your account with a seasoned trader’s and learn, starting with the basics of cryptocurrency trading. How far you go depends on your zeal to learn.
If you’re contemplating becoming a cryptocurrency trader but are scared of losing your hard-earned cash to the unpredictable markets, then read on to see how you can get started trading the crypto markets with minimal loss.
You Need a Crypto Bot to Effectively do Copy Trading
The cryptocurrency market is volatile. Even more volatile than the forex market. So closing in on manual trades is a real struggle.
This is why crypto trading bots have become so common. They open and close trades much quicker than you can make a single click on your phone.
Royal Q is one such system.
Within Royal Q, professional traders have formed communities of followers with whom they share invaluable knowledge of the crypto markets and trading strategies.
JDWINNER, QQ Circle, and AUTOSULTAN are some of the common traders that newbie traders can synchronize their trades with.
Now, let’s explore the advantages of copy trading in the crypto market—in detail.
1.Copy Trading is a Time Saver
Traders who are determined to win and make profits in the business spend a lot of time in front of computer monitors, watching the graphs of crypto chart patterns. And analyzing the performance of various coins.
They also study books and watch videos to learn about the cryptocurrency market in depth. As if that’s not enough, what follows is their trading from demo accounts, before they can venture into the real market to use real money.
The art of copy trading on the other hand involves skipping all these stages and going straight to follow how these well-trained traders do it.
Isn’t it then fair that as a beginner copying trades, you’re required to pay a commission to the leaders?
So yes, there is a fee to pay for copy trading. But, as the next point reveals, the price is quite fair.
2.You Pay a Reasonable Price to Copy Trade
There are both direct and indirect costs associated with copy trading via Royal Q. The following are the initial upfront costs:
- An annual subscription fee of 100USD.
- Fuel fee of 20USD.
Please note that the fuel fee isn’t a one-time payment. It caters to the continuous buying and selling of different coins as your trades take place.
Simply put, you pay $100 to access the robot for a whole year. And then pay the fuel fee to benefit from the automated daily trading.
As for the indirect costs, a 1% fee is taken from all your profits as commission to the professional trader that you copy.
All these are reasonable fees to pay for the convenience of trading cryptocurrencies on autopilot.
3.Copy Trading Gives You a Headstart into the Cryptocurrency Markets
Getting started as a crypto trader can be an overwhelming experience.
First of all, up to date, there are more than 4000 different cryptocurrencies in the digital market. Of course, the number of popularly traded ones is much lower. But for a beginner trying to decide which altcoins to study and trade, this can be intimidating.
Copy trading gives you a start-up advantage by selecting the coins likely to perform well and trading those for you, at every given moment.
If you’re interested in opening some trades manually for yourself as well, Royal Q presents you with a list of coins to choose from. These are highlighted in gold within the app.
And the list is constantly being upgraded according to the real-time performance of each of the coins.
In essence, copy trading ensures that you are not stuck trying to figure your way into the market. But gives you updated information on how best to trade.
4.Copy Trading Enables you to Learn on the Job
You have two options when you start out as a copy trader:
- To simply copy the strategy of a good trader.
- To develop into a good trader yourself.
If you’re interested in the latter then you can consider the first few months of copy trading as on-the-job training.
And I must say just how much easier it is to gain interest in a system that only makes profits for you.
Before you know it, terms like call margin, profit call back, and margin call drop cease to be gibberish. They soon become your language as you watch trades opening and closing in profit and research how all that takes place.
You can also take courses such as this one, to strengthen your knowledge of cryptocurrencies.
5.Copy Trading has Low Initial Costs
Using Royal Q, you need a minimum of 220 USDT in your Binance or Huobi wallet to begin trading.
This covers all the Royal Q initial costs, leaving you with an initial trading balance of 100USDT, give or take.
You don’t need any specialized machinery to get into this business either. You can do everything from signing up, to tracing your profits, and also withdraw your funds straight from your phone.
Register with Royal Q
Why don’t you take advantage of this system and step into the world of digital cryptocurrency trading with poise?
Register for Huobi Pro or Binance, to deposit your starting balance. These two are leading global digital asset exchange platforms. So far, they’re the only two platforms that can be bound to Royal Q for automated trading.
Sign up for Royal Q here, and perform API binding between the robot and Huobi or Binance to get started.
Be sure to contact me for a guided step-by-step process, should you need it.Recommend0 recommendationsPublished in