17. How to Use Bybit Copy Trading

 

Copy trading is great for beginners who don't have experience at the cryptocurrency industry because they don't have to fully understand the market themselves.

Users can use the experience of other traders to make decisions. Even if you already understand the market yourself, copy trading can be a helpful tool.

Copy trading can free up some of your time. Being able to see how other traders make decisions can also help you learn about the market and create strategies that work for your needs.

 

 

 

 

 

1. Log in to Bybit ➡︎ Click [Derivatives] ➡︎ [Copy Trading]

 

Log in to your Bybit account and go to [Deritatives] ➡︎ [Copy Trading].

 

 

 

 

2. Select a Trader ➡︎ Click [Copy]

 

Select a trader to copy, anf click [Copy]. On the trader's profile, you can see information such as the 7 day win rate, 3 week win rate, no. of followers, ect.

 

 

 

 

3. Select Contracts ➡︎ Set Margin Mode ➡︎ Adjust Leverage

 

Select the contracts that you would like to follow, set the margin mode (cross/isolated) then adjust the leverage.

 

 

You may also set the take profit and stop loss ratio, which is optional.

 

 

 

4. Confirm Copy History / Edit or Unfollow

 

Confirm the details of the copy trading. You can always edit the parameters or infollow the trader that you copied.