BingX Copy Trading: Experiences, Instructions & Test – Crypto Online

BingX test and experiences

📖 This is what you need to know about BingX copy trading

• Easy to use for beginners: BingX allows you to copy trades from experienced traders without having to do in-depth analysis yourself. It’s a good way to benefit from the strategies of experienced traders.
• Diversification: You can follow multiple traders at the same time to spread risk and use different trading strategies. This means you don’t have to rely on a single trader.
• Transparent statistics: BingX provides detailed information about traders’ performance, including win rates, risk levels and open positions, to make informed decisions.
• Passive income: Copy trading on BingX can also serve as a source of passive income as you automatically copy trades without having to constantly monitor the market.
• Low fees: There are no subscription fees for copying, only a small trading fee is charged after the trade is executed.
• Risk management tools: Features like copy by position and stop-loss options help you manage your risk and minimize losses.
• Big community: Over 5 million users worldwide use BingX, giving you access to a large community and many experienced traders.
• Ease of use: The platform is very user-friendly on both desktop and mobile and offers easy navigation and good filtering options to find suitable traders.

Do you need more information about the crypto exchange BingX? Feel free to take a look at ours BingX test. No account yet?

BingX copy trading guide

Here is a detailed guide for that BingX Copy Trading:

Step 1: Create an account with BingX

First you need to create an account on BingX. To do this, visit the BingX website or download the app. Sign up with your email or a Google account. Then you have to have one KYC verification (Know Your Customer) to verify your account. This includes uploading an identity document and a selfie.

Here you can find more information about Account creation and verification at BingX.

Step 2: Deposit USDT

To start copy trading, you need to deposit USDT (Tether) into your account. Go to the “Buy crypto“section and select your preferred payment method. Alternatively, you can transfer USDT from another wallet.

Here you can find more information about Deposit and withdrawal at BingX.

Step 3: Access the Copy Trading Section

Once your account is funded, navigate to Copy tradingsection on BingX. Here you will find a list of experienced traders that you can copy. There are different categories to choose from, such as: Trending Traders, Conservative Traders and Rising starsdepending on your risk profile and trading goals.

Step 4: Choosing a Trader

Select a trader you want to copy. Look at important metrics such as: Win ratethe Return on Investment (ROI) and the Level of risk. Look for traders with consistent performance and avoid those who only show short-term profits. Consistency over a longer period of time is crucial here.

Step 5: Set copy trading settings

After selecting a trader, click “Copy”. You can now adjust the settings:

• Copy mode: Choose either this Copy by position (Percentage use of capital per position) or By order (fixed amount per trade).
• Stop loss/take profit settings: Set limits to limit possible losses or protect profits.

Step 6: Monitor copy trades

Once you copy a trader, you can view your positions under “My tradesmonitor. Here you can view open positions, profits and losses. You can also stop the copying process at any time if you are not satisfied with the performance.

How do I find the right trader for BingX copy trading?

To find the right trader BingX Copy Trading To find it, there are several factors you should consider:

1. Filter trader categories: BingX offers different categories of traders such as: b. Trending Traders, Conservative Traders and Rising stars. Choose a category that fits your risk profile. For example: Trending Traders are suitable for risk-taking investors, while Conservative Traders pursue more security-oriented strategies.
2. Analyze performance and risk profile: Look at these historical returnsthe Win ratethe Level of risk and the open positions to. Make sure the trader has one consistent Performance over a longer period of time. Avoid traders who have large short-term profits but also large losses.
3. Diversification: Don’t just copy one trader, follow several to spread your risk. BingX offers the opportunity to copy a large number of traders at the same time and thus benefit from different strategies.
4. Low leverage risk: Prefer traders who use moderate leverage (below 20x) to minimize risk. Too high leverage can lead to quick, large losses.
5. Check data carefully: Use the comprehensive data BingX provides on every trader to make informed decisions. This data includes win rates, average returns and risk levels​.

By considering these factors, you can choose a trader that fits your goals and risk tolerance, making your copy trading more effective.

The best BingX copy trading settings

For the Copy trading on BingX There are some recommended settings to maximize your chances of success:

1. Copy mode: You can choose between copying to Amount or Proportional choose. When copying by amount, you set a fixed amount per trade. Proportional mode applies a percentage of your capital to each trade made by the copied trader. This mode is particularly useful for spreading risk and not putting too much capital on a single trade​.
2. Maximum margin for a trade: Put one Upper limit for margin per trade to ensure you don’t risk more than you can afford. This helps minimize your risk of large losses.
3. Stop loss ratio: Lay one Stop loss to automatically exit a trade if losses exceed a certain limit. This is a crucial feature to protect your capital, especially in volatile markets.
4. Maximum open positions: Limit the number of positions open at the same time to control your risk. This way you prevent too many trades from running at the same time and endangering your entire capital.
5. Monitoring and adjustment: Regularly check the performance of the traders you follow and adjust the settings if their strategy no longer meets your expectations. If necessary, you can stop copying or make adjustments at any time.

These settings will help you better manage risk and ensure your copy trading experience on BingX is more successful.

Conclusion: My personal experiences with BingX copy trading

Mine Experiences with BingX copy trading have been mostly positive. What I particularly liked is the ease of use of the platform and the transparency it offers. As someone who normally prefers to trade myself, I still have a small portion of my capital, around 3-5% invested in copy trading. The results were better than expected. BingX provides a detailed overview of traders’ performance, including their historical profits, risk level and trading style.

Another big advantage is the ability to manage risk by Set stop loss and take profit points for each trade. This gave me additional security and control over my investments. I also liked that the platform offers a large selection of experienced traders to follow.

What should be noted, however, is that copy trading is not risk-free. It is important to be aware that profits depend on the performance of the trader being copied. There were also times when trades resulted in lossesespecially in volatile market phases. Nevertheless, BingX has provided me with a good way to diversify my investments without having to constantly monitor the market.

Overall, I think BingX is a solid option for copy trading is, especially for beginners or those who have little time for their own analysis. The transparency and user-friendliness of the platform convinced me, although you should always keep the risk in mind.

Frequently asked questions (FAQ) about BingX Copy Trading

In this section we answer the most important and frequently asked questions about BingX copy trading.