What are the risks involved in copy trading on Bybit?

1 answers

• Khalil IbrahimJul 28, 2022 · 3 years ago
  Copy trading on Bybit, like any form of trading, carries certain risks. While it can be an effective way to leverage the expertise of successful traders, it is important to approach it with caution. One risk is the potential for market volatility. Copying trades in a volatile market can amplify both gains and losses. Another risk is the possibility of slippage, where the execution price of a copied trade differs from the expected price due to market fluctuations or delays. Additionally, there is the risk of social bias, where traders may be influenced by the popularity or reputation of certain traders, rather than conducting their own analysis. It is crucial to carefully assess the risks and rewards of copy trading, set realistic expectations, and continuously monitor and adjust your copy trading strategy to mitigate potential risks.
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