how bybit copy trading works

By browsing Bybit's leaderboard of traders and examining their performance metrics, users can select the most suitable traders to copy and construct a diversified portfolio tailored to their risk tolerance.

Nov 08, 2024 at 03:40 pm

How Bybit Copy Trading Works

Bybit copy trading is a service that allows users to automatically copy the trades of professional traders. This can be a great way to earn passive income, even if you don't have any trading experience. This 24/7 available service was launched by Bybit in June 2023.

How Bybit Copy Trading Works

To use Bybit copy trading, you first need to create an account on the Bybit website. Once you have created an account, you can browse the list of available traders. Each trader has their own profile, which includes their trading history, performance metrics, and risk tolerance.

1. Browse the leaderboard of professional traders to select either a single copy trader or build a diversified portfolio of traders.
2. Allocate capital to your top picks based on their historical performance and set a profit-sharing ratio between 5% and 30%.
3. Stop copying at any time and adjust your settings based on market changes.

Bybit also allows signal sharing. Signal sharing is the transmitting of trading advice from professional traders known as signal providers to subscribers, who then can open positions in few clicks. Traders can be subscribed to and copy multiple signal providers at the same time.

Benefits of Bybit Copy Trading

There are several benefits to using Bybit copy trading. First, it is a great way to earn passive income. You can simply copy the trades of successful traders and earn a profit without having to do any of the work yourself.

Second, Bybit copy trading is a great way to learn about trading. By following the trades of experienced traders, you can learn about different trading strategies and techniques. This can help you to become a more profitable trader in the long run.

Conclusion

Bybit copy trading is a great way to earn passive income and learn about trading. It is easy to use and there are several benefits to using it. If you are interested in earning passive income or learning about trading, then you should consider using Bybit copy trading.