The Road to Becoming a Successful Copy Trade Leader -

To become a leader in Copy Trade can create a good income for those who are skilled in trading from getting a share of the profits from followers, as well as build their own reputation. However, before developing into a trusted trade leader, one must pass tests in many areas.

Experience in Both Rising and Falling Markets

In a rising market or bull market, traders, both experienced and inexperienced, can easily make profits. However, in a falling or directionless market, inexperienced traders may find it difficult to profit, whereas those with experience can find ways to make money. Therefore, to become a trade leader, one should experience both rising and falling markets to prove their real skills.

Knowing How to Protect Against Risks and Cut Losses

Being a trade leader, apart from getting a share of the profits from followers, also involves the responsibility of not causing followers to suffer losses. Although it is a risk that followers must understand before investing, to not make the followers incur significant losses, a trade leader should focus on risk prevention along with maximizing profits. If the focus is only on profit, it might lead to big mistakes. One of the ways to reduce losses is to practice cutting losses.

Continuity is More Important Than Short-Term Excitement

While high returns can motivate followers to choose to Follow a trade leader, to keep followers for a long time, a trade leader should have a continuous trading performance rather than being able to make a lot of profit in a short period but then suffer losses later. In other words, the return graph that is achieved should be a line that gradually grows rather than fluctuating up and down. Followers who do not want to take on high volatility will trust and follow more.

Having a Clear Trade Setup of Your Own

Another role of being a trade leader is to be a teacher or leader in thought for other traders by sharing your own trading ideas and perspectives with followers. To be accepted, a trade leader should have their own Trade Setup or a pattern of trading that is more systematic than trading without principles. Because having a clear Trade Setup can greatly increase the credibility of that trader.

Trade leaders in Copy Trade can actually create both additional and primary income for themselves if the trade leader can maintain their performance continuously and keeps training and developing themselves all the time, just like other professions. The important thing is to have responsibility for yourself and your trade followers to be able to stand in this position for a long time.

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