Copy trading has become a commonly used investing method on cryptocurrency trading platforms such as BITOY. It enables individual investors to automatically duplicate the transactions of other investors, allowing them to invest without understanding market dynamics and financial news. Traders play an important role in the copy trading ecosystem by providing strategies. As Provider, they have a responsibility to provide followers with real-time, replicable investment templates through their trading decisions and approaches. Through doing it, they not only provide followers with the opportunity for profit but also reduce the barrier for followers about their expertise and experience, advancing cryptocurrency trading into traditional finance and the internet.
In addition to achieving their own financial objectives, traders who are successful in encouraging others to trade cryptocurrencies can draw attention to themselves by demonstrating their trading techniques and results, consequently having a positive impact on the platform’s general appeal and activity.
So, how do you become a trader? The BITOY application procedure is used as an example in this post.
Application Criteria
In order to apply to become a Trader, you can determine whether you meet the requirements from two perspectives or not.
From an objective viewpoint, a skilled Trader will need exceptional trading skills. This factor is closely related to whether someone can apply to become a trader and whether or not they can draw in a large number of followers after becoming a Trader. For example, in order to apply to become a Trader on BITOY, candidates must send images of their latest recent trading records (this is also required on other platforms). This snapshot is a necessary piece of evidence that supports the applicant’s trading experience and credentials.
From a subjective perspective, Traders also need to possess a number of critical skills and characteristics required:
Market Analysis Ability: Successful traders are proficient in analyzing market patterns and may employ fundamental or technical analysis to help them make effective trading decisions.
Risk Management Ability: Involves managing position size, establishing appropriate stop-loss limits, and other measures to protect funds from significant losses.
Consistency: Maintaining consistency in the implementation of trading methods contributes to a long-term profits record, which is critical for attracting followers.
Transparency: Sustaining a high level of transparency in trading strategies and past results promotes credibility and draws in new followers.
Please follow the steps below if you think you comply with the requirements above and would like to join BITOY as a trader.
Application Guide
BITOY offers a simple application process for traders. Go to the official BITOY website via this link: www.bitoy.com and create an account. To access the Trader page, click “Copy Trading” – “Become a Trader” on the top navigation bar.
On the Trader page, you can discover the benefits of becoming a BITOY Trader, such as:
- 20%+ Average Profit Share
- Strategy sharing by BITOY to improve influence growth
- Exclusive advantages from platform activities
Select “Apply Now” to access the application page on the Trader page if you would like to apply.
Fill in the relevant information on the application form, such as your social media accounts, contact information, etc., and upload screenshots of your trading performance to complete the application. The BITOY review team will examine the materials you submit within 7 working days. If you meet the requirements, you will successfully become a BITOY Trader.
Lead Management Guide
To finish the application, provide all the required information (such as your social network accounts, contact information, etc.) and attach screenshots of your trading performance. The documents you provide will be examined by the BITOY review staff within 7 working days. You will be a successful BITOY Trader if you fulfill the requirements.
You may view your data as a Trader on the “My instructions” page and perform related tasks like:
Visit “View home page” to view or modify your personal details including data presented to the public.
- Toggling the switch on the right side to start.
- Select “Setting for instruction” to set the profit-sharing ratio.
- Viewing/removing followers.
- Viewing detailed earnings data.
Keep in mind that the only changes you may make to your personal information are to show or hide trading data, current leads, historical leads, and followers. Traders can modify this following their own transparency standards.
Conclusion
Becoming a Trader on the BITOY platform means not only showcasing your trading skills but also becoming a trustworthy and followable strategy provider. Therefore, please ensure authenticity and transparency, implement strict risk management, continuously learn and improve, maintain consistency, communicate effectively, set a reasonable profit-sharing ratio, pay attention to privacy and security, and abide by rules and regulations.
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