The Copy Trading feature on the Bybit exchange is a great way to get started with automated trading, without needing any coding knowledge or experience. It allows you to automatically follow other traders and copy their trades with a single click of your mouse. This means that if you want to make money by trading cryptocurrencies but don’t have time to do all the research yourself, then copy trading can be a great solution.
In this article we’ll talk you through how to copy trade with Bybit.
Create A Bybit Profile:
1. Sign up to Bybit’s copy trading platform here.
3. Once you’re signed up, go to Bybit’s copy trading page where you will see a list of principal traders who are currently copying trades. If you want to join one of these trading groups then click ‘COPY’ next to their username and then select your cryptocurrency, leverage and order cost.
If you are looking for the best traders to copy on Bybit then MDX ALGO is a great choice. Utilising a combination of invite-only indicators to form a single, user-friendly, powerful indicator giving you unparalleled market insights. It is fully backtested and uses an automated system built to beat the medium to long-term BTC/USDT trading pair.
All principal traders are subject to Bybit’s strict audits before they can start generating followers. During these audits they must prove that they are consistently making profit on a monthly basis by sharing their profit and loss records. These checks help to ensure that the trader is reliable and protects followers against fraudulent or unproven accounts.
It couldn’t be simpler to sign up and start making profit by copy trading on Bybit. We hope you’ve found this article helpful in understanding what Bybit copy trading is and how it works. If you’re still not sure about whether or not to give it a try, we can assure you that it’s a great way to learn more about trading – and make some profits along the way.