In the field of cryptocurrency, copy trading is a popular trading strategy that allows investors to replicate the actions of other successful traders in order to achieve similar investment returns. Nowadays, many trading platforms offer copy trading functionality to meet the needs of users.
As the trading platform with the most comprehensive copy trading features and the most complete copy trading ecosystem in the current market, OKX announced on March 4th a major upgrade to its copy trading functionality, aiming to provide users with a more intelligent trading experience. The core of this upgrade is the introduction of a brand new smart copy trading mode, which allows users to easily engage in copy trading.
Smart copy trading is the latest and more efficient mode of the OKX contract copy trading product upgrade. As we all know, the contract copy trading function of OKX mainly provides contract traders and copy traders with the most user-friendly, simple, and transparent user experience, maximizing the profits and win-win situation for contract traders and copy traders. Users will be able to engage in contract trading by following professional traders without the need for manual opening or closing of positions, or monitoring the market.
The introduction of the smart copy trading mode is aimed at reducing the threshold for users to engage in contract copy trading. Specifically, the smart copy trading mode is a new copy trading mode that automatically calculates the amount of investment based on the proportion of funds used by traders and sets the order parameters. When users follow the opening of positions, the platform will calculate the order amount for copy traders based on the proportion of the trader’s margin and account equity, and replicate the trader’s order parameters.
For example, if a trader has an account equity of 10,000 USDT and invests 1,000 USDT in a 5x leverage long position on BTCUSDT perpetual contract, the fund investment ratio is 10%. If the copy trader’s investment amount is 1,000 USDT, the platform will automatically invest 1000 USDT × 10% = 100 USDT as the copy trading position cost for the 5x leverage long position on BTCUSDT perpetual contract.
Currently, smart copy trading supports setting the investment amount for one-click copy trading. Users do not need to set complex parameters and can rely on the trader to manage position risk and returns, making it easy and efficient to achieve profitable copy trading. Compared to the previous custom copy trading mode, this mode is simpler and only requires two steps to start making money. After selecting a professional trader, investors only need to set the investment amount (minimum 100 USDT) and click the “Copy Now” button to easily complete the copy trading setup. This innovative design greatly reduces the threshold for contract copy trading, allowing even beginners who know nothing about copy trading parameters to easily achieve one-click copy trading and stable profits.
In summary, the main advantages of smart copy trading can be summarized in the following four aspects:
1. One-click copy trading: Users only need to enter the investment amount to engage in copy trading without the need to set other complex parameters, truly achieving convenient and efficient copy trading.
2. Smart investment and synchronized risk control: The order amount for copy traders is automatically calculated based on the proportion of funds used by traders, ensuring that both parties have consistent leverage and margin settings and allowing traders to better assist copy traders in risk control and profit management.
3. Position isolation: Manual trading and copy trading positions are isolated, reducing the impact of copy trading on manual trading.
4. Fund isolation: Dedicated use of funds to reduce the risk of excessive leverage caused by following multiple traders with the same funds.
In addition to these advantages, the user center for copy trading on the OKX platform has also been completely upgraded. New features such as copy trading details and earnings details have been added to provide users with more intuitive display of trading data and earnings structure. Users can easily view detailed trading data for each copy trader and understand their own earnings composition. This upgrade aims to enhance the user experience and make it more convenient for users to manage and analyze their trading data.
According to the relevant product manager of OKX, the copy trading ecosystem is just one of the many products and matrices that OKX has been building with the principle of putting users first. Currently, OKX’s copy trading ecosystem is in a leading position in the industry, including contract copy trading, spot copy trading, and strategy copy trading.
The recent upgrade to the smart copy trading mode mainly refers to the upgrade of the contract copy trading product. The contract copy trading product currently includes two modes: smart copy trading mode and custom copy trading mode. The smart copy trading mode allows users to easily and efficiently achieve profitable copy trading by leaving the management of position risk and returns to the trader. The custom copy trading mode is the classic copy trading mode of OKX platform, supporting users to simultaneously follow multiple traders with the same funds, and customizing their own copy trading investment, leverage, and other parameters to achieve high capital utilization efficiency. Users can choose the copy trading mode that suits their preferences and experience.
Spot copy trading mode is a method in which OKX platform selects high-quality traders and supports users in automatically copying the spot trading positions of traders, allowing users to easily grasp the trading opportunities without the need to monitor the market. It is suitable for both novice users and experienced investors. The contract copy trading mode is similar to spot copy trading and can be understood as leveraged spot copy trading.
Strategy copy trading is a trading system established by OKX in the strategy marketplace, where top strategy traders are selected by the platform. Users can execute the strategy with one click, automatically follow the triggers/stops, and easily seize the best opportunities. Both spot copy trading and contract copy trading users can enjoy the profits of strategy trading. Currently, strategy copy trading supports grid-based and Martingale-based strategies.
In fact, regardless of the type of copy trading product, the essence is to help more investors maximize their profits. OKX, as a technology-driven and user-centered trading platform, understands this principle deeply. The team always adheres to the product development philosophy of simplifying complexity and designs products that are easy for users to use while ensuring the security of user assets.
Disclaimer: This content is for reference only. The content does not intend to provide any investment, tax, or legal advice, nor should it be regarded as an offer to buy, sell, or hold virtual assets. Holding virtual assets, including stablecoins, carries high risks, and market fluctuations may be significant. You may even lose the entire value of your assets. You should carefully consider whether you are suitable for trading or holding virtual assets based on your financial situation and risk tolerance. OKX does not provide any investment or asset advice. You are solely responsible for the investment decisions you make, and OKX will not be responsible for any losses. Past performance is not indicative of future results. If you have any questions about your specific situation, please consult your legal/tax/investment professional.
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