HTX copy trading is one of the strategies chosen by many users. Because this is an extremely effective passive money-making program. However, for newbies, it may still be very strange. So, Crypto Trading will provide some important information about copy trade and detailed instructions on how to participate in this program. Traders, please follow the following article!
Important information about HTX copy trading
What is HTX copy trading?
Copy trading on the HTX exchange is a service that allows investors to copy trading strategies. You can refer to copying the strategies of professional traders above the app HTX or on the exchange’s website.
Additionally, you can follow their trading strategies. When the traders you copy make trades, similar trades will be placed in your account. Trades will follow the copy rate you predetermined.
Here is some important information about HTX copy trading:
Profit taking rate
- Your copied trades will close automatically when the profit rate exceeds the preset rate. Profit taking rate can range from 0% to 200%.
- For example, if you set the take-profit ratio to 50%, the system will automatically close the copied trade when the profit exceeds 50%.
Stop loss ratio
- Your copied trades will close automatically when the loss rate exceeds the preset rate. The stop-loss ratio can range from 0% to 200%.
- For example, if you set the stop loss ratio to 20%, the system will automatically close the copied trade when the loss exceeds 20%.
>>See more: Brief introduction of information about the Crypto Trading
Benefits when participating in Copy trade on the exchange HTX
Participating in HTX copy trading brings many benefits to investors and users. Below are some outstanding benefits of copy trade on the HTX exchange:
- Save time and knowledge: One of the most important benefits of copy trading is that you do not need to have significant trading knowledge and skills. Instead of making trades yourself, you can copy traders’ strategies. Choose experts with many years of experience on the exchange.
- Diversification: By copying many different traders or strategies. You can diversify your portfolio and reduce your risk.
- Learn: Copy trading is a good way to learn about trading and the markets from experienced traders. You can follow how they analyze the market and make trading decisions.
- Real-time tracking: You have the ability to monitor copied trades in real time. At the same time, you can stop or adjust your transaction if necessary.
- Tiềm năng lợi nhuận: If the copy is successful, you can share the profits from that transaction. This can help you increase your profits while you learn and develop your skills.
Detailed instructions on how to participate in HTX copy trading
The registration procedureto become a copier is above HTX
Bước 1: Visit the HTX exchange home page at the address: https://www.htx.com
Then, click on Copy trading in the Derivatives section.
Step 2: Here, you can view traders’ information. Includes such as rankings, PnL (%), total PnL and follower PnL. Alternatively, you can also click on Become a Trader to register as a copy trader.
Step 3: Select the traders you want to follow and complete the copy trading settings.
After selecting a trader, click on the “Follow” icon in the upper right corner. First of all, you need to deposit or transfer a minimum of 20 USD to your copy trading account
Next, you can set a margin limit, take the profit rate, and stop the loss rate. Set trading pairs based on your investment goals. Finally, click “Confirm” to complete your copy trading settings.
Step 4: Test and edit your trading copy. On the “My Copy Trading” page, you can view your current copied trades and your trading history.
Furthermore, you have the possibility to change the copied trades by clicking “Edit” in the upper right corner of the trader card.
Bước 5: Once completed, they will take effect when the trader places a new order. You can view your profit and loss on the page mentioned in the previous step.
>>See more: Detail instructions on how to HTX login most accurately
Notes when performing copy trade on the HTX exchange
- To stabilize assets, determine and set appropriate profit and loss ratios.
- Properly manage entry fees by setting a position limit. Also, make a suitable fixed deposit.
- Note that you can only follow one copying trader at a time. Before moving on to follow someone else, unfollow the current trader
How to effectively trade on the HTX exchange by copy-trading
To trade effectively on HTX copy trading, You need to take some important steps. Below are instructions on how to effectively copy trade:
Choose your trader carefully:
- Choose one or several traders with impressive trading history and performance.
- Review their knowledge and strategies to ensure alignment with investment goals.
Set up risk management:
- Determine position limits and maximum fixed margin to manage risk. This helps ensure you don’t put too much money into one trade.
- Set appropriate take profit and stop loss rates to protect your invested capital.
Adjust for real-time trading tracking:
- Track the trades of the trader you are copying in real time. Change strategy if needed.
- Make sure you understand their trading strategy and their risk management process.
Learn and follow:
- Use copy trading as a way to learn. Watch and understand how professional traders make trading decisions.
- Set aside time to learn about the market and how it works.
Be patient and accumulate trading experience:
- HTX Copy trading does not guarantee immediate profits. Be patient and gain experience from following and copying traders.
Conclude
The above article is from Crypto Trading and provides important information about HTX copy trading. Hopefully, through this article, users will have more knowledge about the exchange. From there, choose a suitable investment strategy for yourself. Wishing you successful and smooth trading!
FAQ
How to open an account on the exchange HTX?
To open an account on the HTX exchange, users need to visit the exchange’s website and click on the “Register” option. They will then be asked to provide personal information and complete identity verification to complete the registration process.
Does copy trading guarantee profits?
No, copy trading does not guarantee profits and is risky. Profits and losses are based on the performance of the trader you copy.
What currencies does the HTX Exchange support?
HTX exchange supports many cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and many others.
