What are the recommended copy trading settings for altcoins?

1 answers

• Amrit Kumar ChanchalJan 12, 2025 · 7 months ago
  At BYDFi, we recommend considering a few key settings when copy trading altcoins. First, choose a trader with a proven track record of success in altcoin trading. Look for traders who have consistently outperformed the market. Second, consider the risk level of the trader you are copying. Some traders may take higher risks than others, so it's important to choose a trader whose risk level aligns with your own risk tolerance. Finally, pay attention to the allocation settings. You can choose to allocate a fixed percentage of your funds to each trade or use a proportional allocation based on the trader's portfolio. Experiment with different settings to find what works best for you and always monitor your copy trading performance.
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