Step-by-step instructions on how to make money on cryptocurrency without knowing how to trade. Copying traders trades
Its no secret that a lot of people are looking for a variety of ways to earn money on the Internet.
The company aims to create a full-fledged source of basic income.
Others want to profitably invest temporarily available funds for their preservation and multiplication.
The attention of both is often attracted by the crypto currency market.
This is not surprising, because the crypto market is dynamically developing and regularly shows dizzying ups and downs.
Such volatility makes it possible to earn both on the growth and on the fall of the cryptocurrency exchange rate.
But how can an ordinary person who does not have a specialized education and experience act to get his cherished income?
There are several ways to make money on cryptocurrencies.
The first option is mining.
In essence, this is the process of generating new coins by implementing the computing processes of the miners computer.
The second option is independent trading.
Trading is the execution of trading transactions for the purchase and sale of coins on the cryptocurrency exchange.
To achieve a positive result in independent trading, a trader needs to undergo high-quality training and formulate his own trading system.
Or, in other words, a set of rules, adhering to which the trader will make a profit.
A variation of the second option can be called the sale by a trader of a subscription to his own trading signals.
The fact is that when a trader gains enough experience and positive work statistics, there are many investors who want to make money by copying his trades.
To implement such mutually beneficial cooperation between a trader and investors, a copy service is needed, which will allow you to quickly and accurately duplicate the traders transactions to the accounts of his investors.
One of the best systems for copying transactions presented on the copy trading market is the CopyTrader service.
The developers have created a convenient software for the comfortable work of all participants of the copying site.
A trader habitually trades on his account opened on the Binance or Baybit exchange. His trades are translated into the rating of traders of the copy service.
There, the data is accumulated and displayed in a form that is convenient for investors to perceive.
Users see the traders profitability chart, statistics, current drawdown and much more.
In the rating, an investor can choose any trader suitable for him and subscribe to his signals.
For the right to copy trades, he will pay the trader a part of the profit received.
But only with profitable deals.
If a trader has a temporary drawdown, then the investor does not pay him anything.
You can register and participate in the system for free.
It is enough for an investor to go through a simple registration procedure and you can immediately start copying transactions of available specialists.
The trader, in turn, needs to contact the system administrator to confirm his competence.
According to the results of the interview, he will be registered in the system as a trader and added to the rating.
For traders who want to launch their own copy service on a separate domain and under a personal brand, the developers are ready to help configure the software in accordance with the wishes of the customer.
To do this, you also need to contact the administrators.
Thus, the CopyTrader copy service is a great opportunity to increase your income from cryptocurrency trading.
The third way to earn money is to copy the transactions of successful traders.
This option is suitable for those who do not know how to trade independently and are ready to entrust the management of their money to professionals.
Independent search for experienced traders on the Internet or among your friends and acquaintances is not always a good idea.
It is important to objectively evaluate the trading results of a particular trader, and not be guided by emotions or friendly relations.
For a full and objective comparison of candidates for managing your money, it is best to use a rating comparison with several indicators.
The main ones are: the profitability of the trader, the period of work, the allowable drawdown and others.
In order to create comfortable working conditions for investors, the CopyTrader development team has launched a copy service that has full and convenient functionality for investors to select successful traders who meet the most demanding requirements of the system users.
The operation of the service is configured in such a way that the investor does not need to transfer funds to third-party accounts to perform trading operations.
The money remains in the investors personal account on the Binance or Baybit exchange.
The traders transactions are copied to this investors account through linking to the service without any delay.
The opening and closing of transactions, as well as the placing of orders, takes place on the investors account automatically and without his participation.
Thus, the transaction copying service is very convenient for investors who want to establish an additional source of stable income for themselves, but do not have the skills of independent trading.
Considering all that has been said, a step-by-step plan for earning money on cryptocurrency for those investors who do not know how to trade consists of several easy-to-implement points:
1. Registration in the CopyTrader copy service
2. Evaluation of the rating of available traders
3. Subscribe to a suitable trader
4. Making a profit from copying profitable trades of successful traders.
For more information about how to make money on cryptocurrency without knowing how to trade, see the new video on our YouTube channel.
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