Bingx Copytrading | Bitcointalksearch.org

348Judah

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Quote from: david678345 on May 12, 2023, 12:19:42 PM

Is there any way to open the position with the amount I specify or does bingx somehow limit that amount?

Instead of disturbing yourself in making an unnecessary research about bingx, why not exclude them and go ahead straight to making your trading all by yourself without going through a centralized trading platform, remember everything they will do or implement will be to their own advantages and not yours, i also discouraged every idea on a single ise of a traditing bot as well, trading is a practice we can learn and do by ourselves without any dependency no matter how small.

jeraldskie11

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Quote from: wxa7115 on May 19, 2023, 11:17:28 PM

Quote from: jeraldskie11 on May 14, 2023, 08:17:21 AM

Quote from: wxa7115 on May 14, 2023, 01:06:52 AM

Ask yourself the next questions, why would a trader let others to copy their trades? If you are a good trader and you have developed a strategy on your own with a lot of effort, why let others to enjoy the same benefits for free? Why risk letting someone else figure out your strategy? In that case you could sell signals and earn something out of it, instead of giving those signals for free.

Actually, we don't know what their true motive for allowing their trades to be copied; perhaps some simply wish to help people earn who don't know how to trade or don't have the time to trade. However, there are many who are only interested in the fee that they will receive as master traders. If someone wants to be a master trader, they must meet certain qualifications. So there's no need to worry that much, all you have to do is to find the best trader because as trader's life, even professional traders, were still encounter losses.

It is true that we do not know their intentions but you are assuming the best-case scenario, if you decide to use copytrading then you are letting someone else take decisions which can affect your future for years or decades, and you have no idea who they are.

I didn't say that you have to rely your future in copytrading, you have to put only a small sum of your funds so that if ever it's not successful you can still manage your emotions. By the way, it's not important to know the identity of traders whom you copied, what's important is you're earning. As long as you are earning and there's nothing wrong of what you're doing then you can go.

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If someone gave you some trading advice on the street would you accept it? And if the answer is no, then why is that case? Why things suddenly change just because now that advice is being offered online through the platform of an exchange?

I see your point but the thing here is that the street (misterious one) is different from what I said, I mean, I'm getting an advice to a profitable one not from a unsuccessful trader. Ofcourse, you have to observe and determine if that person is telling the truth that he is really earning of that kind of stuff. By the way, he is my mentor and he provide a proof that he is really earning.

wxa7115

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Quote from: jeraldskie11 on May 14, 2023, 08:17:21 AM

Quote from: wxa7115 on May 14, 2023, 01:06:52 AM

Ask yourself the next questions, why would a trader let others to copy their trades? If you are a good trader and you have developed a strategy on your own with a lot of effort, why let others to enjoy the same benefits for free? Why risk letting someone else figure out your strategy? In that case you could sell signals and earn something out of it, instead of giving those signals for free.

Actually, we don't know what their true motive for allowing their trades to be copied; perhaps some simply wish to help people earn who don't know how to trade or don't have the time to trade. However, there are many who are only interested in the fee that they will receive as master traders. If someone wants to be a master trader, they must meet certain qualifications. So there's no need to worry that much, all you have to do is to find the best trader because as trader's life, even professional traders, were still encounter losses.

It is true that we do not know their intentions but you are assuming the best-case scenario, if you decide to use copytrading then you are letting someone else take decisions which can affect your future for years or decades, and you have no idea who they are.

If someone gave you some trading advice on the street would you accept it? And if the answer is no, then why is that case? Why things suddenly change just because now that advice is being offered online through the platform of an exchange?

jeraldskie11

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Quote from: wxa7115 on May 14, 2023, 01:06:52 AM

Ask yourself the next questions, why would a trader let others to copy their trades? If you are a good trader and you have developed a strategy on your own with a lot of effort, why let others to enjoy the same benefits for free? Why risk letting someone else figure out your strategy? In that case you could sell signals and earn something out of it, instead of giving those signals for free.

Actually, we don't know what their true motive for allowing their trades to be copied; perhaps some simply wish to help people earn who don't know how to trade or don't have the time to trade. However, there are many who are only interested in the fee that they will receive as master traders. If someone wants to be a master trader, they must meet certain qualifications. So there's no need to worry that much, all you have to do is to find the best trader because as trader's life, even professional traders, were still encounter losses.

wxa7115

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Quote from: jeraldskie11 on May 12, 2023, 09:10:30 PM

Quote from: goldkingcoiner on May 12, 2023, 01:54:05 PM

Also, I have never heard of Bingx but I would strongly advise against copy trading. It never ends well. You should trade only after doing your own research.

I've never used BingX copy trading, but I've never observed any risk of scammers using this feature. I believe there are still skilled traders who want to copy their trades across platforms, and I believe BingX has good traders that let others to copy their trades. So it's up to us to decide which platform to use for copy trading, but before we do, be sure to review the trader's statistics such as PnL, WinRate, and how consistent he was in his prior monthly trades. This method may boost your chances of selecting the best trader, which may lead to success in copytrading.

Ask yourself the next questions, why would a trader let others to copy their trades? If you are a good trader and you have developed a strategy on your own with a lot of effort, why let others to enjoy the same benefits for free? Why risk letting someone else figure out your strategy? In that case you could sell signals and earn something out of it, instead of giving those signals for free.

As you can see it does not make much sense for anyone to let themselves be copied by someone else if they obtain nothing from it, so it would not surprise me if some dishonest exchanges allowed copy trading and the only options available for those interested in it were bad traders or bots programmed to lose on purpose.

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I've always sometimes, been interested in doing some copy trading, though many do advice against it, that it doesn't always go well at the end, but this aside, I've never heard of bingx, but this is no problem since I can easily research them to find out more about them and what exactly their services are, since I don't think they are listed as an exchange on major market aggregators like coinmarketcap and coingecko..

As per the question, @op, since Bingx is not well known or used by many, most especially on this forum, the best answer to your query will only come from bingx customer care support, so I suggest you contact them, or better still, look for where the bingx platform have a community of users and ask there.

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Quote from: david678345 on May 12, 2023, 12:19:42 PM

Hi, I am following only one trader on Bingx and I have set as margin $161 so that each position that is opened for me is $161 and only opened automatically one position with a margin of $40 (the trader opened two positions and I only opened one position).

Is there any way to open the position with the amount I specify or does bingx somehow limit that amount?

I'm not sure about the Bingx platform, but still I suggest you to not follow other traders blindly with copy-trading. Copy-trading is the worse form of trading for any trader and it won't teach you anything about trading in general. The copy-trading is not safe as you can get your capital liquidated by following a trader blindly.

It's always preferable to learn the trading yourself as that will be the best thing for the long term success. Many people get some profitable trades with copy-trading and then they blindly put their money into it. And, when those people lose the whole capital as copy-trading is most probably the main cause of liquidation in crypto-trading world.

Those traders whom you're following can't predict the market 100% of the time, and that's why you're putting your capital at risk with the copy-trading stuff. Although, it's possible to gain information about Bingx with a Google search, but I would rather suggest you to withdraw your funds from copy-trading and learn the basics of trading first before putting your money into it.

bitcub

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I invested $100usd in Bingx in copytrading. And I am so much disappointed because the guy i copied liquidated my the position. Lesson learned is try to learn your self trading. Invest in knowledge first.

Quote from: david678345 on May 12, 2023, 12:19:42 PM

Hi, I am following only one trader on Bingx and I have set as margin $161 so that each position that is opened for me is $161 and only opened automatically one position with a margin of $40 (the trader opened two positions and I only opened one position).

Is there any way to open the position with the amount I specify or does bingx somehow limit that amount?

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Quote from: livingfree on May 12, 2023, 02:20:47 PM

Quote from: goldkingcoiner on May 12, 2023, 01:54:05 PM

I would strongly advise against copy trading. It never ends well. You should trade only after doing your own research.

I agree and second this.

Do not dwell into copy trading. It's not a shortcut to win trades but if you (OP) sees that it's been working for you. Still, be aware that it won't be wins mostly for the trader you're copying.

we all agreed on this , trading must not be copied instead must be our own knowledge because who will care more about our money than ourself?
though following good trader and copying them will add chance of gaining but we also knew that there is no complete gains , and even big traders fails in their daily trading.
so we advice to prevent copy trading and do your own position and orders , and better use Stop/Loss for your own safety.

jeraldskie11

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Quote from: goldkingcoiner on May 12, 2023, 01:54:05 PM

Also, I have never heard of Bingx but I would strongly advise against copy trading. It never ends well. You should trade only after doing your own research.

I've never used BingX copy trading, but I've never observed any risk of scammers using this feature. I believe there are still skilled traders who want to copy their trades across platforms, and I believe BingX has good traders that let others to copy their trades. So it's up to us to decide which platform to use for copy trading, but before we do, be sure to review the trader's statistics such as PnL, WinRate, and how consistent he was in his prior monthly trades. This method may boost your chances of selecting the best trader, which may lead to success in copytrading.

pverin31

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My experience with Bingx for copy trading was a letdown Cry

. No matter how much I tinkered with the settings, I couldn't dodge those pesky losses.
But hey, I've stumbled upon Tycoon Signals(Tycoon.io) , and I've got high hopes for it!

From what I gather, they've got verified traders who know their stuff. Plus, they offer a bunch of different trading strategies that you can tailor to your liking. And the best part? You can customize the risk management to match your own risk tolerance. They also show you all the stats and performance info, so you can make smart choices about who to copy. The interface is user-friendly, and they've got a cool community vibe going on too. Can't wait to see if Tycoon Signals lives up to the hype!

How do you think this new platforms compares to what currently on the market and would you go for it ?

If you find the project interesting do not hesitate to support it and click on my Refence link and spread the word.

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Quote from: david678345 on May 12, 2023, 12:19:42 PM

Hi, I am following only one trader on Bingx and I have set as margin $161 so that each position that is opened for me is $161 and only opened automatically one position with a margin of $40 (the trader opened two positions and I only opened one position).

Is there any way to open the position with the amount I specify or does bingx somehow limit that amount?

You seem to know something about trading activity based on your story here. And as far as I can see you are not a newbie in this crypto trading industry, because what you are doing is a style of traders that only a newbie here can't understand.

Also, copy trading for me is not desirable, because it is not profitable for me either. Yes, you can make money there, but it's not big, and don't expect to make a lot of money, and there are many chances that copying the traders there is good, because most of them are not.

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You asked a rather familiar question not so long ago here: bingx copytrading
There were some helpful responses over there. I am not sure if you even spared some time to read through

If you had not understood anything, you should have continued with the other thread for easy follow up. I also make full use of the Bingx support and available articles about copytrading.

livingfree

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Quote from: david678345 on May 12, 2023, 12:19:42 PM

Hi, I am following only one trader on Bingx and I have set as margin $161 so that each position that is opened for me is $161 and only opened automatically one position with a margin of $40 (the trader opened two positions and I only opened one position).

Is there any way to open the position with the amount I specify or does bingx somehow limit that amount?

I don't use BingX but maybe the answer for your question can be found here: https://support.bingx.com/hc/en-001/sections/360007822794-Copy-Trading

Quote from: goldkingcoiner on May 12, 2023, 01:54:05 PM

I would strongly advise against copy trading. It never ends well. You should trade only after doing your own research.

I agree and second this.

Do not dwell into copy trading. It's not a shortcut to win trades but if you (OP) sees that it's been working for you. Still, be aware that it won't be wins mostly for the trader you're copying.

goldkingcoiner

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Quote from: david678345 on May 12, 2023, 12:19:42 PM

Hi, I am following only one trader on Bingx and I have set as margin $161 so that each position that is opened for me is $161 and only opened automatically one position with a margin of $40 (the trader opened two positions and I only opened one position).

Is there any way to open the position with the amount I specify or does bingx somehow limit that amount?

The Bitcoin trading discussion board will have people who are more competent and knowledgeable when it comes to trading. I am sure they can answer your Bitcoin trading questions and tell you about the best trading practices. So, you might want to move your post there instead: https://bitcointalk.org/index.php?board=8.0

Also, I have never heard of Bingx but I would strongly advise against copy trading. It never ends well. You should trade only after doing your own research.

david678345

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Hi, I am following only one trader on Bingx and I have set as margin $161 so that each position that is opened for me is $161 and only opened automatically one position with a margin of $40 (the trader opened two positions and I only opened one position).

Is there any way to open the position with the amount I specify or does bingx somehow limit that amount?

Topic: Bingx Copytrading (Read 159 times)