How to Do Futures Copy Trading on Bitget? – Website Guide
[Estimated Reading Time: 5 minutes]
This article provides a detailed guide on how to start Futures Copy Trading on the Bitget website. Futures Copy Trading enables users to replicate the trades of professional traders, providing an opportunity to benefit from their strategies while minimizing hands-on effort.
What is Futures Copy Trading?
Futures Copy Trading allows you to automatically replicate the trades of experienced futures traders on Bitget. By following a trader, their positions are mirrored in your account, helping you engage in the futures market even without advanced trading knowledge.
How to Access Futures Copy Trading on Bitget?
Step 1: Navigate to the Copy Trading Section
1. Locate the Copy Trading tab in the main menu.
2. Select Futures Copy Trading from the dropdown options.
Step 2: Choose a Trader to Copy
1. Browse the list of professional traders on the Futures Copy Trading page.
2. Review key metrics, including Win Rate, ROI, and Followers’ Profits.
3. Click on a trader’s profile to view detailed statistics and trading history.
4. Once you’ve selected a trader, click Follow.
Step 3: Follow a Trader
1. After evaluating, tap Copy on the trader's profile.
2. Agree to the Terms: Read and agree to the Bitget Copy Trade Agreement before proceeding.
Step 4: Configure Copy Trading Settings
1. Set Copy Ratio:
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Choose between Fixed or Multiplier:
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Fixed: This option allows you to set a specific amount of money to invest in each trade made by the trader you’re copying. Regardless of the trader’s position size, your copy will always use this fixed amount per trade.
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Multiplier: This option links your trading amount to a multiple of the trader’s investment. If you set a multiplier of 17x, your position size will be 17 times the trader’s position size. This method scales your investment proportionally to the trader’s trades.
2. Risk Management:
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Define your Stop-loss Ratio, Take-profit Ratio, and Maximum Copy Amount.
3. Enable Auto Copy (Optional):
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Toggle the Auto Copy feature to automatically copy new trading pairs added by the trader.
4. Advanced Mode (Optional):
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When Advanced Mode is enabled, you can customize the following options for each copy trading pair:
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Margin Mode: Select between Follow Elite Trader or USDT.
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Leverage: Choose from Futures Leverage, Specified Leverage, or Follow Elite Trader settings, allowing you to align your leverage strategy with your trading goals.
5. Confirm your settings and click Next>Confirm to start copying the trader.
Step 5: Monitor Your Trades
1. Go to Copy Trading > My Copy Trades to track the performance of your copied trades.
2. Adjust settings or unfollow traders if needed.
Tips for Managing Your Futures Copy Trading
1. Monitor Your Trades
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Navigate to the My Trades section under Copy Trading to monitor your active trades and track performance in real time.
2. Pause or Stop Copy Trading
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You can stop copying a trader at any time by selecting the Unfollow option. This allows you to reassess your strategy or switch to a different trader.
3. Adjust Parameters
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Regularly review and modify your investment amount, copy ratio, or risk management settings (e.g., stop-loss and take-profit thresholds) based on market conditions and personal preferences.
4. Choose Traders Wisely
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Analyze trader performance metrics such as ROI, trade frequency, and risk level before selecting whom to copy. Look for consistency and strategies that align with your goals.
5. Diversify Your Portfolio
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Follow multiple traders with different strategies to spread risk and balance your portfolio. Diversification can improve long-term results by mitigating individual trader risks.
6. Use Risk Management Tools
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Always set Stop-Loss and Take-Profit limits to protect your investments and manage potential losses effectively.
FAQs
1. What is Futures Copy Trading?
It’s a feature that allows users to replicate the trades of professional traders in the futures market automatically.
2. Can I modify my trading settings?
Yes, you can adjust your settings at any time under the My Copy Trades section.
3. Are there any fees for Futures Copy Trading?
Yes, Bitget charges a profit-sharing fee based on the trader’s performance, which is outlined in their profile.
4. How do I stop copying a trader?
Navigate to My Copy Trades, select the trader, and click Unfollow.
5. Is Futures Copy Trading risk-free?
No, all trading involves risks, including potential losses. Success depends on market conditions and the trader’s strategy.
Disclaimer and Risk Warning
All trading tutorials provided by Bitget are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of your funds. Past performance does not guarantee future results. Always conduct thorough research, understand the risks involved. Bitget is not responsible for any trading decisions made by users.
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