What is Copy Trading? Gain Easy Access to Crypto Trading Strategies

What is Copy Trading? Copy trading is the act of copying the exact trading strategy of a different investor, algorithm, company or institution. It can be done passively, through platforms, or actively by conducting research and applying the same methods and strategies presented in your chosen strategy to your portfolio.

Top Benefits of Copy Trading
·Time-efficient: While the strategy or its specific trader work by themselves, you reap their results without much hassle or tracking needed, which leads to the second benefit.

·Easy to keep track: Example - instead of investing a thousand dollars to swing trade and keep track of 15 different assets, one can simply invest the amount onto a trader’s strategy and the user will know how their entire investment is performing in real-time.

· Strategies with proven track records: investors can look at the past track record of different traders and/or different strategies to make an educated choice on what option best suits them.

Copy Trading at Gate.io
Gate.io offers comprehensive crypto copy trading services that can fit any crypto investor and risk appetite. From simple to complex, it provides its users with all the necessary tools they might need to make the best choice possible for their crypto copy trading strategy. Get started with copy trading strategies at Gate.io by entering the Copy Trading dashboard and exploring the different menus.

If you are looking for different crypto trading strategies online, one thing that you will never run out of is options. After all, the internet is seemingly flooded with advice on what the best crypto trading strategies are and how investors like yourself can take advantage of them.

Although it is a positive result of crypto’s growing interest and markets becoming mainstream, it can also be overwhelming for new investors who feel marooned amongst so many different paths to take - most without clear insights as to what they can expect.

With that in mind, the service known as Copy Trading was created. In this article, we explain what copy trading is, the different ways it benefits access to crypto trading strategies and how users can get started with Gate.io’s copy trading services.


What is Copy Trading?

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An exemplary image of an investor using his funds to copy the trading strategies of traders who specialized in different financial sectors.


In a nutshell, copy trading is the act of copying the exact trading strategy of a different investor, algorithm, company or institution. It can be done passively, through platforms, or actively by conducting research and applying the same methods and strategies presented in your chosen strategy to your portfolio.

From a practical standpoint, copy trading is as old as trading itself. Soon as traders started emerging in the stock markets, there were people around trying to gather information on how to uncover, understand and perform their strategies in order to achieve similar results as their preceding reputation. It was only in the early 2000s that copy trading became what is now broadly understood as - utilizing computer software and other digital tools to automate trading strategies.

Since then, as trading has grown immensely in popularity over the past decade, so have different copy trading services. Attached to the rise of social media and the user-generated web (web 2.0), copy trading expanded its reach from only providing strategies from notorious investors to any user who profits high enough to make an impact on the open platforms.


The Top Benefits of Copy Trading

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There are several benefits to crypto copy trading strategies, and although some of them depend on the investor that’s implementing them, plenty is common to anyone looking to dive into these trading solutions.

Time-efficient
By copying a trading strategy rather than creating, updating and keeping up with your own, investors take a much more passive approach to a rather active investment style. While the strategy or its specific trader work by themselves, you reap their results without much hassle or tracking needed, which leads to the second benefit.

Easy to keep track
Successful trading strategies are usually quite complex and require the investor to keep a close eye on the market at all times, running several orders a month - sometimes several a week across a long list of assets. With automated copy trading in an exchange platform, it’s easy to keep track of how much money was invested in a specific strategy. As an example, instead of investing a thousand dollars to swing trade and keep track of 15 different assets, one can simply invest the amount onto a trader’s strategy and the user will know how their entire investment is performing in real-time.

Traders and strategies with proven track records
As mentioned previously, one of the biggest challenges of choosing a specific trading strategy or mentor is the lack of clarity on where that particular pathway may lead. With copy trading, investors can look at the past track record of different traders and/or different strategies to make an educated choice on what option best suits them.


Copy Trading at Gate.io

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Gate.io offers comprehensive crypto copy trading services that can fit any crypto investor and risk appetite. From simple to complex, it provides its users with all the necessary tools they might need to make the best choice possible for their crypto copy trading strategy.

Following a user-oriented platform with over $1.95 billion dollars in total value, Gate.io keeps track of the most profitable traders and strategies that are part of the Copy Trading network - who are rewarded and ranked on the exchange’s dashboard for more users to copy and partake in their strategies.

Strategy Pool

The strategy pool section is your first contact with Gate.io’s Copy Trading dashboard. There, you are able to have an overview of the most popular traders and strategies available, along with their results which are calculated in ROI (Return Over Investment) in the time frame of your choosing. These trading strategies to copy from also have different execution and funding styles such as smart rebalancing, indicator-perps combination and traditional spot trading.

Quantitative ranking
Here is where you will find the general ranking for the top strategies according to your chosen filter, such as highest ROI, max drawdowns or number of trades under the umbrellas of best strategies or best users lists.

Create a New Strategy
Anyone can create a crypto strategy, and that includes you. Chose from 15 different templates and be rewarded as more users copy your investment style.

My Backtesting
What is a solid crypto trading strategy to copy without backtesting? With Gate.io’s trading backtesting tools, users are able to test the strategies in different time frames to see if they would accomplish positive results in past market scenarios. It’s an essential piece of trading strategy for any serious investor.

Tutorials
Whenever in doubt about anything related to Gate.io’s copy trading services, have a look at the Tutorials section where you will find answers to most of your questions related to the platform. If not, simply submit a ticket inquiry and a team member will reach out to you soon enough.



Author: Gate.io Researcher: Victor Bastos
* This article represents only the views of the researcher and does not constitute any investment suggestions.
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.




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