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Are you new to the cryptocurrency market and want to find a safer way to invest without much experience? Copy trading on BingX is the ideal solution, helping you take advantage of the experience of professional traders to create stable profits. In this article, we will delve into what Copy trading is and discover how to Copy trading on BingX .
What is Copy Trading?
Copy Trading is an automated investment form that allows investors to "copy" the orders of professional traders (Elite Traders). This form is extremely friendly to new users or busy traders, because all you need to do is "choose the right person to entrust" to a trader with a profitable chain that meets your expectations.
Simply put: After clicking “copy” the trade of the Elite trader on BingX, your account will automatically execute all the same buy/sell orders as that Elite Trader, but at the rate you set. When they close the order (whether profit or loss), your account will automatically close as well. You have complete control over Capital, but the trading strategy will be taken care of by the expert.
Advantages of Copy Trading
- Learn from the pros: This is the fastest way to enter the market without having to master technical or fundamental analysis. You can earn profits while learning how top traders make decisions.
- Save time and effort: Instead of monitoring the market 24/7, you can let the experts do it. This frees up your time to focus on your main job or do deeper market research.
- Diversify your portfolio: Instead of putting all Capital into a single strategy, you can copy multiple Master Traders with different trading styles (scalping, long-term trading, conservative, risky) to spread your risk.
What's Special About Copy Trading on BingX Platform?
To bring a more transparent and efficient experience, BingX has officially upgraded the system to Copy Trading 2.0 . This is a big step forward, solving the remaining problems of the old version and putting the interests of copiers first.
Copy Trading 2.0 BingX Platform
Improvements of Copy Trading 2.0
Manage Capital more effectively with Sub-Accounts
The new system uses a dedicated sub-account for each copy operation, providing 3 outstanding benefits:
- Safety and risk separation : Your copy trading Capital are now placed in a separate “safe”, completely separate from your main account. This allows for better risk management and maximum protection of your assets.
- 100% Copying Accuracy : The system automatically copies the professional trader's settings exactly, from leverage to margin mode (cross/private). As a result, your trading results will most accurately reflect their strategy.
- Flexible control : Any changes in Capital (deposit/withdrawal) will no longer automatically trigger unwanted trades. Orders will now only be executed when there is a signal from the trader, giving you more proactive and flexible position management.
Clean and intuitive copying experience
BingX has removed complex rules, making order tracking and management simpler than ever.
- Neat order management : Instead of displaying many complex individual positions, the system will automatically combine orders in the same direction into a single position. For example, 5 small Longing BTC orders will be combined into one total Longing BTC position, helping you to track extremely intuitively.
- Intuitive Closing : When a trader closes a part of a position, your account will also be closed in the same proportion. This mechanism completely eliminates confusion, ensuring that every operation is clear.
- Absolute accuracy of profit/loss : The formula for calculating Profit/Loss (PnL) is simplified to the maximum, based directly on the difference between the buying and selling prices. This ensures that the data is always accurate, helping you to evaluate investment efficiency transparently.
Uniform data: transparent and trustworthy
This is the most important upgrade, building absolute trust in the system. All the data you see is taken directly from the original trading account.
- Absolute transparency: Copier and professional trader data are now 100% identical. This increases transparency, making it easy for you to verify and trust the numbers displayed.
- Real-time risk monitoring: The new interface adds extremely important information such as “Expected Liquidation Price” and “Risk Level” , helping you monitor positions in real-time and make timely decisions.
- Clear, traceable history: All transaction history, position history and Capital flow are recorded in detail. You can easily trace each transaction and understand the origin of each Profit/Loss.
Instructions on How to Copy Trading on BingX Exchange
Steps to Copy Trading BingX Exchange
Copy trading is very simple, just choose the Elite Trader you trust and set the parameters, then click “copy” and you have completed the Copy Trading process. To understand better, you can follow these 4 steps:
Step 1 : Select “Copy Trading” on the homepage
From the BingX homepage , move your mouse to the “Copy Trading” section on the main menu bar
Select “Copy Trading” on the home page
Step 2 : Select the trader you want to copy
Once you have found a dealer that meets your criteria, click the “Copy” button
Choose your favorite dealer
Step 3: Set up copy trading parameters
First, you need to choose a copy method:
- If Copying by Position Ratio, enter “Copy Trading Capital ”.
- If Copy Per Order, enter “Margin” and “Copy Trading Capital ”.
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- Copy by Position Ratio
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- Copy by Each Command
Step 4: Click “Copy Now”
Once you have set the parameters, simply click “Copy Now” to start copy trading.
Note:
- You can use Capital from your Fund Account and your USDⓢ-M Perpetual Contract Account.
- In the Advanced Settings section, you can adjust the Profit/Loss. The leverage and margin will default to match the trader's.
- Copy 0 slippage defaults to off. Consider enabling it in case you invest large amounts of copy trading Capital .
Edit Copy Trading orders
Step 1: Click on “My Transactions” and look for the trader profile card.
Step 2: Click “Edit command” to edit the parameters, then click Confirm to complete.
Note:
You can edit Capital Trading Capital, Margin (Per Order), enable or disable “0 slippage” mode or edit Profit/Loss.
How to cancel Copy Trading
Step 1: Click on “My Transactions” and select the trader profile tab.
Step 2: Press the “Stop copying” button, then Confirm.
Note:
Your copied position will be closed at market price and the copied trading Capital will be automatically returned to your Perpetual Contract Account. You can XEM the cash flow history in your Perpetual Contract Account.
Frequently Asked Questions (FAQ) About Copy Trading on BingX
- Is Copy Trading risky?
Yes. Any form of investment has risks. If the Master Trader loses, your account will also lose. Therefore, choosing a reputable trader and setting a Stop-Loss is extremely important.
- How much Capital do I need to start Copy Trading?
You can start with very little Capital . BingX allows you to set the amount per copy order from just 20 USDT.
- Is there a limit to the number of people a trader can copy?
The new version allows up to 2,000 copiers.
- Is there a limit to the number of traders I can copy?
Yes. You can copy up to 20 traders.
- Can I stop copying a trader at any time?
Absolutely. You have full control over your account and can stop copying at any time.
- If I stop Copy Trading, will part of my profit be deducted to pay the trader?
Yes. When you stop copy trading, the system will temporarily withhold the trader 'Chia profit. This will then be paid to the trader in the next settlement cycle.
- Why is my copy command not executing successfully?
- Traders use Multi-Asset Mode.
- The dealer uses One Way Mode.
- The pair the trader uses does not support copy trading.
- The trader's order was not fully matched.
- You do not have enough margin.
- Your position value exceeds the maximum allowed limit.
- The matched price exceeds the maximum slippage limit you allow.
- The match price exceeds the upper limit of the 0 slippage mode.
- System maintenance, unstable network or unusual market fluctuations.
BingX copy trading has proven that anyone can enter the market and make a profit by “standing on the Vai of giants”. With the breakthrough improvements of Copy Trading 2.0, BingX not only provides a copy tool, but also builds a top-notch transparent, fair and secure trading ecosystem. You are not just copying orders mechanically, you are learning from the best strategies with controlled risks in hand.
Find yourself a trusted professional trader and start your smart investment journey with just a few clicks!
About BingX Exchange Founded in 2018, BingX is one of the leading cryptocurrency exchanges with more than 20 million users worldwide. BingX Exchange provides a variety of products and services such as: Spot trading, Futures Contract, copy trading, etc. Meeting the needs of users of all levels. In addition, BingX Exchange is proud to be the official partner of Chelsea Football Club. Download the BingX Exchange app on iOS or Android now to start your investment journey!
Disclaimer: Readers should conduct their own research before investing to ensure safe and effective trading. BingX is not responsible directly or indirectly for any loss. This includes from using or relying on the content mentioned in the article. Every decision should be based on careful consideration and self-responsibility.
