Mirror TradingAug 30, 2019
Mirror trading is a tool that enables users to invest and earn money without any prior cryptocurrency trading experience or understanding.
How does it work? Experienced market participants trade on our platform for a while to prove their strategies are solid and to accumulate statistics before followers can subscribe to their channel. FUMGO checks and publishes their trade stats. You can carefully evaluate their results and choose the trader you feel comfortable following. Once you subscribe to your expert trader, his or her trades will automatically be implemented in your account.
To start automatically copying the trades implemented by your chosen trader, you’d need to follow these steps:
- activate Mirror Trading and set up its parameters.
Once these steps are complete, you will be able to manage your copied orders.
Please note: To start using Mirror Trading, you must follow a few rules:
- You have to create an account on the same exchange your chosen trader uses. This way his transactions can be copied in your account.
- Your balances must be in the same currency your chosen trader’s profits are. You can see the name of the currency in his or her profile.
- Your account balance in this currency on the exchange must be at least $100. The minimum transaction amount must be no less than $50, and the maximum amount is not limited.
These transactions restrictions are necessary so that your orders are not blocked as erroneous as each exchange has its own restrictions on the minimum transaction amounts.