Spot Copy Trading is a feature that allows you to automatically copy the live trades of expert Lead Traders on the platform. As a copier, when you follow a trader, your positions will mirror theirs in real time, giving you direct exposure to their trading strategy, market analysis, and decision-making process.
2.How to manage account balance for spot copy trading
To begin spot copy trading as a copier, you must first transfer the assets you wish to use from your Spot, Funding, or USDT-M Account into your dedicated Spot Copy Trading Account.
This transfer isolates your copy trading capital. Once transferred, these assets cannot be withdrawn, transferred out, or used for any other trading activities for the duration of the copy trading session.
You can adjust your allocated funds at any time by adding more capital or reducing your exposure, and track all related transfers in your account history.
3.How to start spot copy trading on BloFin?
1. Log in to your account and select [Copy Trading]. Select the [Spot] tab.
2. Under [Spot] - [All Traders], choose your preferred trader. Click [Copy] to start.
You can review a trader’s detailed performance and strategy directly on their profile to make a more informed following decision.
4.What are the fees for copy trading?
a. Standard trading fees apply for both the opening and closing of positions within a copy trade.
b. Additionally, a predetermined share of the profits generated from copy trades is distributed to the Lead Trader.
5.How to calculate the profit share of a copy trading order?
Profit settlement occurs only after the Lead Trader has fully closed all positions for a specific trade.
6.What Can Cause Copy Trading to Fail?
A copier's copy trade may fail to execute for the following reasons:
a. Insufficient balance in the copy trading account.
b. Unfilled limit orders: Copy trades are not placed until the Lead Trader's limit order is completely filled.
c. Maximum token limit reached: If the total copy trading value for a token exceeds the platform's limit, new lead trades cannot be placed.
d. Order size below minimum: The copier's order value is less than the minimum trade amount required.
7.What are the risks associated with copy trading?
All investments carry inherent risk, and copy trading involves the specific risk of loss if the strategy you copy underperforms. You may also encounter slippage in volatile or low-liquidity markets. Therefore, it is crucial to apply sound risk management and only invest within your financial means.