Do you want to start doing Copy trading on the Lbank exchange but are having difficulties?
Don't worry today I will show you step by step how to do it with one of the best and detailed guide.
Table of Contents
What is Copy trading at Lbank
Copy trading on the lbank exchange is a service that can be done automatically without you having to do anything Future trading automatically copying trades that take traders who have a lot of experience in trading.
However, on the Lbank exchange there are a lot of rising Cryptocurrencies that make fantastic returns but there is also a greater risk of course.
Let's go straight to start by registering on the exchange
How to register at the lbank exchange
The process to register on the exchange is very easy, all you have to do is do it Lbank registration from here to get a discount on fees.
If you have difficulty with your registration, we have made a detailed guide on how to do it registration step by step in Lbank
Deposit at Lbank
After you have registered and passed a quick KYC. Then you will go to the category Buy crypto you will put that he wants you to buy usdt and then your local currency.
you will choose visa or mastercard and you will buy usdt I bought 100 euros and got 104 usdt.
However, there is also the option to deposit with Cryptocurrencies for example the USDT.
Copy trader option
Now what you need to do is click on the copy trading category and choose the best trader, you just need to pay attention to some basic things to choose the right trader for you.
- Win Rate: It should be as big as possible.
- Max. Drawdown: This is very important to see if this trader you choose does risk management and it should be up to 12-15% because we are talking about low-cap Cryptocurrencies.
- 90 days/ 3W: you should see the statistics from 90 days to confirm that it has a long-term uptrend as a trader.
- AUM: It is the money that people have invested in the Trader, it should have a respectable amount of more than $3000.
After choosing the trader you want, click on the option that says copy Trading.
There he will put you in the trader's profile and tell you how many trades he has made, the Cryptocurrencies he trades and generally everything you need to know.
Once you press copy trading again you should put the money it will tell you with usually a smaller deposit is $10 although most traders put a smaller deposit of $200.
In this category you are able to choose and various other settings but it's good to have what shows us so that you don't make any mistakes.
However, you can experiment at first to see what works for you and what doesn't.
My personal opinion
Copy trading on the exchange lbank it is an excellent choice because it also has small capitalization Cryptocurrencies that you can have very good profits but the risk definitely increases.
