Mexc コピートレード 設定方法
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Image Source: MEXC
If you’re a beginner in the world of trading and looking for a way to consistently make profits, then MEXC Copy Trading might be the perfect solution for you. In this article, we will introduce you to the unique service offered by the international exchange platform MEXC and explain how you can automatically copy the trading strategies of experienced traders.
What is MEXC Copy Trading?
MEXC Copy Trading allows you to automatically replicate the futures trading (leveraged trading) activities of skilled traders in real-time. By utilizing this service, even if you lack the knowledge and expertise to make profitable trades yourself, you can still benefit from the experience and skills of successful traders and achieve stable returns.
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The Advantages of MEXC Copy Trading
Here are some of the benefits of using MEXC Copy Trading:
No Need for Trading Skills
It is widely known that only around 30% of individual investors are consistently profitable. Acquiring the skills to make profitable trades can be challenging and time-consuming. However, by utilizing MEXC Copy Trading, you can enjoy relatively stable returns even without possessing trading skills. This is made possible by copying the trading activities of skilled traders.
Seize Every Trading Opportunity
With MEXC Copy Trading, you don’t have to worry about missing out on trading opportunities. Once you have set up your account and made the initial configurations, the system will automatically execute trades for you. You won’t need to monitor market movements or make trading decisions since the entire process is automated. This ensures that you won’t miss any potential profitable trades.
Select the Trader that Fits Your Investment Strategy
Each trader participating in MEXC Copy Trading utilizes different trading strategies. You can analyze each trader’s statistics and performance to find someone whose trading style aligns with your investment goals and risk appetite. By carefully selecting the trader you copy, you can tailor your investment strategy to suit your specific requirements.
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The Drawbacks of MEXC Copy Trading
While MEXC Copy Trading offers numerous advantages, it also has a few drawbacks to consider:
High Costs
Traders who allow their trades to be copied do not do so voluntarily. Instead, they charge a portion of their followers’ earnings as compensation for copying their trades. This may result in relatively high costs for followers. Generally, traders set their profit-sharing ratio at 10% or higher.
Complexity of Terminology
MEXC Copy Trading involves specialized terminology that can be challenging for beginners to understand, especially during the process of selecting a trader to follow. Some effort may be required to familiarize yourself with the various terms.
How to Use MEXC Copy Trading
Now that you understand the advantages and disadvantages of MEXC Copy Trading, let’s dive into how you can start utilizing this service.
Selecting a Trader to Follow
Start by browsing through the list of traders and choose the one you want to copy. Consider the criteria mentioned earlier, such as the trader’s followers count, their participation duration, overall return on investment (ROI), profit-sharing ratio, and cumulative profit/loss. Once you have found a suitable trader, simply click the “Follow” button.
Image Source: MEXC
Choosing the Trading Pairs to Copy
When following a trader, you will need to select the trading pairs you want to copy. Given the vast array of trading pairs available on MEXC, it’s recommended to use the “Copy All” option, which enables you to automatically copy all the trading pairs the trader is engaged in.
Configuring “General Settings”
Next, you will need to configure the “General Settings” options. These settings include:
- The amount of capital you want to allocate for copy trading.
- Choosing between “Fixed Amount” or “Multiplier Mode” for your trades.
- Setting up forced liquidation and automatic take-profit/stop-loss.
- Determining the margin allocation for your positions.
Configuring “Advanced Settings”
In the “Advanced Settings” section, you can set the leverage multiplier and slippage tolerance according to your preferences.
Starting Copy Trading
After completing the configuration steps, click the “Next Step” button. Review your settings on the confirmation page, and if everything looks correct, click the “Submit” button. Once your settings are confirmed, the system will start copying the trades of the selected trader for you.
MEXC Copy Trading FAQs
Lastly, let’s address a few common questions about MEXC Copy Trading:
Q: Is it possible to use Japanese Yen as a trading currency?
A: MEXC Copy Trading only accepts Tether (USDT) as the trading pair for copy trading. Japanese Yen cannot be used as a trading currency.
Q: Are there any fees payable to MEXC for using the Copy Trading service?
A: When using MEXC Copy Trading, you will only be charged regular trading fees for futures trading. There are no additional fees imposed by MEXC for the Copy Trading service. However, do keep in mind that you will be required to pay a portion of your profits as a reward to the trader you are copying.
Q: Can I become a trader in the MEXC Copy Trading system?
A: Yes, you can apply to become a trader in the MEXC Copy Trading system. If approved, you will be able to earn rewards by allowing others to copy your trades. However, note that once you become a trader, you will no longer be able to copy other traders.
Conclusion – Start Copy Trading with MEXC
MEXC Copy Trading is an excellent option for beginners who want to capitalize on the trading skills of experienced traders. By carefully selecting a trader to follow, you can benefit from their expertise and potentially achieve stable returns. If you’re interested in getting started, create an account on the official MEXC website and give Copy Trading a try.
Remember, even with MEXC Copy Trading, it’s important to perform your own due diligence and adjust your investment strategy based on your risk tolerance and financial goals. Happy trading!
