Source: OKX

 

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Excellent traders who profit in the highly volatile cryptocurrency market are undoubtedly superior to ordinary people in one or more dimensions such as market insight, professional knowledge, data analysis, and risk management ability. They can accumulate their initial capital more quickly and widen the gap with novice and ordinary traders.

Those who try to find excellent traders through candlestick charts or on-chain data cannot fully recover their operating methods from the clues, nor can they accurately control their trading variables, and the possibility of following profits is minimal. With the continuous evolution of the cryptocurrency market and the innovation of cryptocurrency exchange tools, products that can meet users' following needs have emerged in the market - copy trading.

On November 10th, OKX, a leading global cryptocurrency exchange, announced the official launch of its "Spot Copy Trading" feature, adding a new piece to its powerful copy trading platform. This makes it the safest, most advanced, and comprehensive copy trading platform on the market. Prior to this, OKX had already launched contract copy trading and strategy copy trading. Through OKX's powerful copy trading platform, users with different needs can "automatically follow" the operations of leading high-quality traders to increase their profit opportunities. Leading high-quality traders can also "share their strategies" anytime, anywhere and gain more profits.

However, the current market's copy trading platforms are of varying quality, and users are not very familiar with them. For example, why do two different results, one profitable and one losing, occur when following the same trader? This is because copy trading involves replicating the trading strategies of other successful traders, but even successful traders are not 100% accurate. A better approach is for users to adjust parameters based on their own situation after selecting their desired target to follow.

This article will take OKX spot follow-up as an example, and explore in-depth how to use OKX's powerful follow-up trading platform correctly from multiple dimensions such as follow-up product introduction, how to select traders, and platform usage methods.

Understanding OKX Spot Copy Trading

现货跟单模式与合约跟单类似，是一种新型的社交投资方式。

The spot copy trading mode is similar to contract copy trading and is a new type of social investment method.

OKX selects high-quality spot traders, and users can automatically copy the spot trading positions of traders to follow up without having to monitor the market, making it easy to grasp trading opportunities. At the same time, spot order takers can earn up to 13% of the profit by sharing trading positions and other operations. This means that users pay for trading opportunities, while order takers charge for analyzing trading opportunities, thus meeting the needs of both parties.

Through OKX spot follow-up products, users can enjoy top-level market depth and multi-dimensional trader data, and their funds are guaranteed to be safe, making it easier to capture trading opportunities in the rapidly changing cryptocurrency market. OKX spot follow-up is not only suitable for novice users, but even experienced traders can establish their own trading strategies by comparing the trading positions of different traders.

The usage of OKX spot follow-up is very simple. Follow-up users open the OKX App, click "Trading" or "Discovery", select "Follow-up"-"Spot" and choose or filter the desired spot trader in the follow-up square. Then click "Follow-up" or the trader's avatar to view the trader's detailed information, such as performance with orders, historical earnings, etc. Finally, click "Follow Now" to complete the setting of spot follow-up, confirm and patiently wait for the trader to open a position.

For high-quality traders, they can apply for copy trading through the banner and submit their application.

The current OKX follow-up order mode for the managed account is divided into two types: fixed amount follow-up and proportional follow-up. Users can choose according to their own needs. Fixed amount follow-up means that when the trader opens a position, the user invests a fixed amount to follow the trader. For example, if the user sets a single investment of 10 USDT, no matter how much the trader invests, the user's follow-up amount is always 10 USDT.

Following the proportion to follow the order refers to the practice where the user follows the trader's order value and the fixed order multiplier set by the user when the trader opens a position. For example, if the trader's order value is 1000 USDT and the user sets a single follow-up order of 0.1 times, then the value of the single follow-up order is 100 USDT (1000 USDT * 0.1).

It is worth noting that copy trading does not guarantee a 100% profit.

No single trader can always make the right decisions during long-term trading. In addition, sometimes the problem is not with the trader, but with the follower, such as over-reliance on the trader, ignoring risk management, and expecting immediate profits. Following is also a skill, mainly reflected in how to select and evaluate traders, and set follow-up parameters on two levels. According to OKX's followers, he selected three traders with a 100% win rate from over 4,000 traders based on factors such as win rate and opening amount, and ranked first in the follow-up list.

Different styles, trading experiences, trading philosophies, and focuses on different targets exist among different signal providers. If you prefer short-term and small position gambling, but follow a signal provider who likes to hold long-term positions, it is easy to have fluctuations in your mentality, which will affect your operations and profits. Therefore, it is important to compare and select among thousands of signal providers to find the one that suits you. In addition, it is important to set reasonable follow-up amounts/positions and to manage risks properly.

For this reason, the OKX copy trading system has designed a highly diversified and valuable parameter system in these areas. For example, OKX has established a strict review system for copy traders and publicly displays their actual trading data, including core data such as success rate, profit days, position distribution, and maximum drawdown, which is very transparent. We will not go into detail here, but users with copy trading needs can conduct in-depth research, which will increase the probability of profitable copy trading.

 

OKX Copy Trading System Overview

Aside from the aforementioned filtering of parameters such as single and follow orders, the stability and security of the platform's follow-up system are also crucial. As a leading global cryptocurrency exchange, OKX provides top-notch trading depth and security systems, allowing for timely follow-up even in high-frequency trading and minimizing slippage in large-scale follow-up. OKX is committed to improving the transparency of Proof of Reserves (POR) to traditional financial audit standards, continuously leading the industry in safety and transparency. It is one of the few mainstream cryptocurrency exchanges that publishes reserve proof on a monthly basis. The POR system has been upgraded with innovative technologies such as zk-STARK, allowing users to independently verify OKX's solvency at any time. Since OKX first launched POR at the end of 2022, hundreds of thousands of users have visited the POR page and completed self-verification.

OKX's copy-trading system has found a balance between signal providers and followers. In addition to spot copy-trading, OKX also offers powerful contract copy-trading and strategy copy-trading.

To some extent, OKX contract copy trading can be understood as leveraged spot copy trading. It is worth noting that OKX contract copy trading has launched a trading master ranking list. This makes it easier for users to view the historical data and current positions of high-yield traders, and subscribe to receive real-time position change alerts and copy their trades with just one click.

Unlike spot and contract copy trading, OKX strategy copy trading is designed to meet the growing demand of users for advanced trading tools and strategies. OKX strategy copy trading establishes a strategy-following trading system in the strategy plaza, where the platform selects top strategy providers. Users can copy strategies with just one click and automatically follow triggers/stops, making it easy to seize the best opportunities. On the strategy copy trading page, users can click on any strategy provider's avatar to enter their profile and view their overall performance, current and historical strategies, and other information.

OKX strategy copy trading provides a massive amount of high-quality strategies, allowing users to make ultra-low latency trades through professional intelligent signals. This transforms emotion-driven decisions into data-driven decisions, providing real-time market insights and accurately capturing trading opportunities. Additionally, based on different user preferences and strategies, OKX's signal strategy platform allows users to fully customize their trading signals on the TradingView platform to meet their specific needs, truly achieving trading experience freedom.

OKX strategy copy trading marks the upgrade of the strategy plaza to the 2.0 era, building a user-friendly one-click strategy copy trading system, reducing user operation costs, capturing trading opportunities, and helping referral agents to obtain profits. Users open the OKX App, click "Trading", select "Strategy", choose "Strategy Copy Trading" in the strategy plaza, then select the desired referral agent's strategy, click "Copy Trade", after understanding the detailed parameters of the referral agent and the strategy, click "Use Strategy", select the leverage multiple and investment amount, click "Confirm", and you can start following the strategy.

 

OKX copy trading system, relying on advanced innovative technology, powerful trading engine, secure POR, etc., has gradually grown into the safest, most transparent, most advanced, and most comprehensive copy trading platform on the market.

Learn to harness the power of tools

OKX contract copytrading is a promising tool that lowers the trading threshold for cryptocurrency users while providing more opportunities. With the continuous development of the cryptocurrency market and the iteration of OKX copytrading products, it will continue to attract more investors and traders, forming a more active cryptocurrency ecosystem.

However, although copy trading mode reduces the burden on investors, it cannot be fully relied on. It is still necessary to understand its working principle and continuously improve one's investment system based on their risk tolerance and profit expectations. Because copy trading is also a skill, even if following the same trader, there may be both profitable and losing results.

Whether you are an experienced trader or a novice, learning to harness the power of encryption tools is essential for achieving success. As a global leader in the encryption industry, OKX provides top-of-the-line trading tools that are becoming an important force in changing the future of finance and user participation, as well as shaping the digital financial era.

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