The Benefits of MargiX’s Copy Trading
Since more and more people have started trading these days (and many are even pursuing it as a permanent source of income), the internet has also flooded with various trading practices.
Previously, exchanges were only facilitating ‘hardcore and simple’ trading. However, new platforms, like MargiX, have implemented copy trading as well to boost your earnings while you are just a beginner.
What is Copy Trading?
Well, in order to understand this better, it is important to have a fair idea about social trading, which allows experienced traders to publish their strategies and predictions on the network. This is accessible by all of the users. However, the primary advantage is for the newbies who can take guidance and start earning a reasonable profit by following the tips and tricks of someone far more experienced.
That’s all with social trading and now that you have established a decent sense of the concept, it is time to dive into the world of copy trading, which is conceptually similar to social trading but automates the entire procedure. Therefore, you just have to find a trader with a lucrative strategy (that you find appealing) and then link your wallet funds.
Let’s say you link your assets with Adam’s account. Now whenever Adam would make a trade using his strategy and earn a profit, your account will be deposited automatically depending on the ratio of your investment and the rate at which Adam made a profit.
What Are the Pros of Copy Trading?
The benefits of copy trading are quite straightforward and in this section, we will explore them categorically (as offered on MargiX) to help you make an informed choice.
A Source of Passive Income
See, if you want to pursue trading as an active source of income, there is no harm. However, you would have to spend a significant amount of time researching market trends, exploring trade offers and then conducting the business.
Contrary to this, copy trading at MargiX provides an abstraction by automating the processes. Once you are linked with an experienced trader, they trade actively while you earn the profits due to their efforts.
Please note that taking advantage of MargiX’s copy trading does not limit your options. In fact, whenever you feel like you can trade actively without depending on anyone, or you have a better strategy, never hesitate to implement it.
New Traders Stay in The Loop
In conventional trading, it is obvious that an experienced trader would continue making more money than a newbie and in order to reach the same level, you need a significant period and tireless efforts.
However, since the niche is quite fast-paced, MargiX understands that traders (whether experienced or newbies) want to earn more in as little time as possible. This is where copy trading offers its pros.
All you have to do is monitor what others are doing and how they succeed. When you find a strategy that appeals to you, there is no need to implement it from scratch and bother yourself with potential risks. In fact, just tie a portion of your assets to the experienced trader’s account.
It also diminishes the time you would have to spend while learning about market trends. Even if you do not know anything, but link up with the ‘right’ trader, you would end up earning decent profits.
Effective Risk Management
In conventional trading, where everything is done manually, risk management is not so efficient. Most of the traders only have a single strategy for conducting trades and if that fails, they end up losing a significant amount of investment.
However, at MargiX, you can spread the risk by linking your assets to multiple accounts and hence, following an array of strategies. Even if one of them fails, another trade can compensate for it by bringing a hefty profit.
While taking advantage of copy trading, you can continue building your skills and market knowledge to implement your strategy, minimize the risk and build your following of copy traders.
A Word…
Before getting into copy trading, it is very important to have a clear perspective. You should make up your mind as to whether you need immediate gains or want to play a long term game. By doing this homework, you will be able to filter out the traders who suit you the best.
In order to make things transparent, MargiX offers a quick overview of the strategy used by different traders together with their results. You will not only be able to view the respective history of a trader but go through their reviews as well.
We believe that such an extensive level of transparency and feasibility is required to inculcate trust among the traders. If you look at it from a broader perspective, since we allow you to partner with as many traders as possible (for copying their strategies), MargiX happens to be a dense and trusted network of traders ranging from highly experienced to mere newbies, all helping each other to be successful in the margin trading World.
Support requests please send to: support@margix.org
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