The crypto market has always been a highly controversial and volatile sector. Spot trading, DeFi, and NFTs have all experienced significant fluctuations. Meanwhile, as the sole bilateral profit investment tool, futures trading remains consistently popular. However, for most traders, futures trading represents an investment method entirely distinct from spot and other forms of investment. While its entry barrier appears low, its demand for professional trading skills is remarkably high. It requires mastery of complex trading techniques and strategies to achieve stable profitability.
Copy trading is a passive investment tool within the realm of futures trading, serving as a bridge to the challenging world of futures trading. For those just entering this field, copy trading combines potential rewards with a rich learning experience, providing them with a unique opportunity. Various exchanges have introduced copy-trading systems, but how do you choose the right trading platform to suite your copy-trading needs?
Reputable Trading Platform
- Security: The security of a trading platform is paramount. Ensure that the platform has necessary security measures in place, such as KYC (Know Your Customer) verification, anti-phishing codes, etc., to safeguard your transactions and personal information.
- Trading Fees: Trading fees vary across different platforms, including transaction fees, etc. Compare the fee structures of different platforms to choose one that not only provides quality trading services but also helps minimize trading costs.
- Customer Support: A reliable customer support team can assist you in resolving issues and confusion during the trading process. Choose a platform that offers 24-hour customer support and has convenient means of communication.
- User Experience: A good trading platform should offer a user-friendly interface and features, making it easy for users to place orders, check transaction information, and more. You can try out the demo accounts of different platforms to understand their functionality and user experience, ultimately choosing a platform that is intuitive for you.
- Supported Trading Tools: Several trading platforms may provide extra trading tools, such as technical indicators and chart analysis. If you’re keen on using these tools, opting for a platform that offers them could be a good choice.
For users engaged in long-term futures trading, security, trading fees, and customer support are the top three priorities. In the crypto market, leading exchanges update their products and prioritize customer experience, with differences often apparent in trading fees. As the current leading exchange in terms of liquidity, MEXC consistently maintains the lowest trading fees across the market for futures trading. Our Maker fee rate is 0 while the Taker fee rate is only at 0.03%. Furthermore, users who hold a continuous balance of 1,000 MX for not less than 15 days are eligible for a 50% discount on futures fees.
Benefits of Becoming a MEXC Futures Copy Trader
- Professional Knowledge: Whether you have undergone training or have prior experience, you can fully leverage the trading wisdom and strategies of seasoned traders.
- Learning Opportunities: Copy trading is akin to a real-time classroom where you can understand market dynamics by observing real trades and applying strategies.
- Diversified Trading Strategies: By following multiple traders, you can formulate diversified trading strategies, thereby mitigating risks.
- Time Flexibility: Copy trading doesn’t tie you down. If you feel that a particular strategy isn’t suitable for you, you can easily switch to another trader or stop following a trader altogether.
- MEXC Liquidity: As early as 2022, MEXC has been recognized as the industry leader in perpetual contract liquidity.
By utilizing various indicators, you can explore the trading strategies of different traders on the MEXC Copy Trade homepage. This allows you to choose a trader whose trading habits align with your preferences.
By reviewing the “Trader Details”, you can observe a trader’s performance over a specific period. Access to additional data helps users explore the trader’s skills from different perspectives, facilitating a more comprehensive learning experience.
Novice traders can utilize the indicator rankings to assess the past performance of each professional trader, such as their PNL rate. This allows you to quickly select an outstanding trader to follow, freeing yourself from the hassle of constant monitoring. By adopting a stable investment strategy, you can achieve consistent returns and, consequently, profitability.