Echobit, a global cryptocurrency trading platform, offers a Copy Trading feature that allows users to automatically follow and replicate professional traders’ strategies. This function aims to help beginners access advanced trading insights while maintaining full control over risk and investment settings.
What Is Copy Trading on Echobit?
Copy Trading on Echobit enables users to mirror the trades of experienced traders in real time. By selecting a preferred trader based on their performance metrics—such as total profit, return rate, and number of followers—users can automatically copy their trading activities without needing to place orders manually.
How to Start Copy Trading on Echobit
Step 1: Access the Copy Trading Plaza
Visit Echobit’s official website and log in to your account. From the top navigation bar, click “Copy Trading” to enter the Copy Trading Plaza.
Step 2: Choose a Trader to Follow
Browse the list of available traders, where you can view each trader’s performance statistics, including total returns and follower count. Select a trader whose strategy aligns with your risk appetite and click “Copy.”
Step 3: Configure Copy Trading Parameters
Before confirming your copy trading settings, Echobit provides several customization options:
Select Trading Pair: Choose the market you want to follow (e.g., BTC-SWAP-USDT).
Choose Copy Mode:
Follow Ratio: Automatically follows the trader’s position ratio—no setup needed.
Fixed Amount: Set a specific investment amount per trade (0–500 USDT).
Fixed Ratio: Define a percentage-based following ratio (e.g., 1% of the trader’s position).
Set Risk Control: Define take-profit and stop-loss percentages. Once your profit or loss reaches the preset level, the system automatically stops the position.
Step 4: Monitor and Manage Your Copy Trades
After setup, you’ll be redirected to “My Copy Trades.” From there, you can track your total follow assets (in USDT) and monitor open or closed positions. Echobit allows real-time adjustments—users can modify the copy ratio, investment amount, or stop following a trader at any time.
Common Questions About Echobit Copy Trading (PAA-style section)
Is Copy Trading on Echobit suitable for beginners?
Yes. Echobit’s interface simplifies the process for new users, allowing them to follow professional traders while retaining control over their investment size and risk settings.
Can I stop copy trading anytime on Echobit?
Absolutely. Users can modify or cancel copy trading instantly in the “My Copy Trades” section without affecting their overall account balance.
What are the risks of copy trading?
While Copy Trading provides convenience and access to expert insights, all trading activities involve market risk. Users should review trader profiles and set proper risk limits before following.
Is there any video tutorial for copy trading?
Yes, check the official YouTube video tutorial: Echobit Exchange: New to trading? Try Echobit Copy Trading!
Why Copy Trading Is Gaining Popularity
Copy trading has emerged as an increasingly popular trend in digital asset investing, bridging the gap between novice and professional traders. By combining transparency, automation, and customizable control, Echobit’s system supports both learning and strategic diversification in volatile markets.
Summary:
Echobit’s Copy Trading feature provides a flexible and user-friendly way for traders to learn from experienced investors, automate trading strategies, and manage portfolio risks effectively.
Website: http://echobit.com/
X : https://x.com/EchobitExchange
YouTube: https://www.youtube.com/@Echobit_Exchange
Telegram: https://t.me/EchobitOfficial
Facebook: https://www.facebook.com/EchobitOffical
