What makes CopyRage unique?
Being a successful trader is not an easy job. Especially nowadays, when everyone is looking for a quick and stable income and technology updates literally every single day. Nevertheless, performing a deep technical analysis carefully and calculating all potential risks can ensure one that there is quite a high probability to become a profitable trader.
What if you lack a trusted source of knowledge and do not have a clue where to start from? Maybe you advanced to programming an own trading bot and are looking for a perfect playground to test if it is performing well? Or where a professional seeking to share alternative ideas can discuss the latest trends with like-minded individuals? These questions provoked the team to start working on a proper answer and that is how the project came into life in early October in 2018.
CopyRage has done extensive research on a competitive landscape and solutions currently available to solve mentioned above problems that community faces nowadays. There is a variety of trading platforms that provide hobbyists with a functionality that lets them copy renowned stars, however mostly they focus on the single market (e.g. cryptocurrency pairs or just sports betting) and do lack historical dataset to confirm the actual performance of traders or bettors. Not to mention high transaction fees, minimum amount needed to be deposited or extensive ads targeting.
Usually, beginners are being offered to follow someone who is trading solely on the same platform, sometimes even being asked to delegate their funds to a third party, who convinces them that he/she is worth operating funds on their behalf. It is not surprising that Reddit is full of memes on giving biased advice and then finishing up with “idk tho” in case it ruins someone’s lives. CopyRage was created to put an end to broken trust, wash trading, pump and dump and other shady schemes currently undermining both trading and betting markets.
Literally, who is who on the market? How can a newbie differ good from bad? Here comes CopyRage, not only the software is screening all trading activity and presenting users with a clear statistical performance stored on the public blockchain — it ranks the best resulting users and lets others join them on their trading or betting journeys locally.
Think of a Skyscanner for most profitable trader or bettor search. Envision a Tinder for wealth managers. Imagine an Uber for best performing algo trading bots. Shortly, CopyRage is developing a reputability marketplace, where Average Joe is matched with Brilliant Kim. One can easily search an example to follow and copy based on their favorite exchange or betting provider of choice and profitability performance.
The number of scam projects has skyrocketed and has seriously damaged the whole perception of the industry and stigmatized those professionals involved into active trading or betting activities. Therefore, not only bad actors are seeking anonymity. Good guys and gals, interviewed during CopyRage’s product market fit surveys, are trying to hide their real names because they are afraid of being labeled as bad ones or being chased by hackers. Privacy matters, that is why the first thing that one undergoes through is KYC and AML procedure and then the user can enjoy not showing a real name for safety reasons, as has already been identified as not involved in any criminal activities. Even the support team can not access this data, not to mention high level of cyber security protection and GDPR compliance.
After the registration one gets full access to all public information presented at the CopyRage social trading aggregator. An intuitive user-friendly navigation lets easily navigate around the basic functionality presented on the platform. CopyRage is developing a tool where a user can easily switch from one market to another. There is even an advanced mode for sophisticated traders and scripting features for seamless cross-section trading or betting execution.
Contrary to competitors CopyRage combines 3 sections in one transparent social aggregator: cryptocurrency, classic stocks and the betting market. Moreover, trading and betting are happening on the real accounts and there is no more need to transfer your funds to anyone. CopyRage does not store any funds and connects multiple accounts via API keys, so that a user can simultaneously execute trades at several exchanges or bets at different trading providers. One can easily copy direct trades and bets on each section of the CopyRage from the other user who can boast with extensive historical data of previous activities.
Let’s assume that one decides to jump into the intellectual conversation with a business partner and discuss his vision on Bitcoin rates for the upcoming day — the built-in messenger will help to realize this while you are contemplating on posting another deal for a public review. If the person prefers to be just a viewer — no problem, there is an option to read a personalized news feed (it’s important to keep in mind that all content at CopyRage is completely user-generated).
Beginners can get free access to the necessary theoretical knowledge by reading specialized Academy section and communicate with opinion leaders inside the platform, ask them relevant questions and discuss basic terms with peers. Hunting for a good trading practice? Here at CopyRage one can copy the strategies of business professionals with a proven track record. The higher the rank of the user, the higher are the success rates, so why not joining a real market in a truly gamified manner, contrary to working on CFDs?
CONCLUSION: Successful trading is impossible without a clear understanding of the market, without the ability to conduct technical and fundamental analysis. And do not forget that overall market sentiment can influence the whole situation dramatically! The ability to build a profitable strategy for one of the tree markets depends on experience that sometimes is gained through losses too. Do this together with other people by sharing your lessons learnt!
In turn, an experienced trader gets the opportunity to earn extra money on deals, that beginners can copy and, in the future, monetize private educational content, as is customary at social networks. Each function that is presented on CopyRage platform is based on personal trading experience of professionals, in-depth market research and problems solved in a user-friendly way. Partnerships with top platforms, exchanges and bookmakers provide users with a wide variety of choice, that is necessary both for convenience and for optimizing trading and betting decisions. Join us now and feel what it’s like to CopyRage your daily routine.
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