History has demonstrated that economic downturns such as recessions, wars, and high inflation frequently recur. When these conditions arise again, they mark a significant shift in the global economy. This transformation brings with it uncertainty, anxiety, and market instability. As Ray Dalio explains, roughly every century, the dominance of a global power comes to an end, leading to new starts and potential opportunities.
Following the Wall Street Crash of 1929, the Great Depression, and two World Wars, the aftermath brought about an thriving stock market and the dawn of the Information Age, leading to innovations such as computers, smartphones, and the internet. Despite today’s volatile and complex global markets due to ongoing conflicts, rising interest rates, and currency devaluation, we may be on the brink of a unique opportunity that only comes around once in a lifetime.
AI represents just one of many life-altering innovations. Another significant development is the emergence of cryptocurrencies. Worldwide investors have begun to acknowledge this trend, moving away from traditional US Dollar savings and towards borderless assets like cryptocurrencies instead.
An increasing number of people are embracing this investment category, as demonstrated by the recent green light given to various Bitcoin ETFs. This approval underscores the permanence of cryptocurrencies, making it an opportune time to consider investing in them for a stronger financial future.
Although cryptocurrencies have seen significant expansion recently, their current market value of $2.1 trillion represents just a small portion of their future potential. For instance, NVIDIA, a single company, holds the same value as the entire crypto market. Apple and Microsoft are worth more with valuations of $2.6 trillion and $3 trillion respectively. Gold, on the other hand, surpasses both with its current value exceeding $16 trillion.
The data presented here offers only a small preview of potential future developments in the cryptocurrency market. It may seem hard to believe, but those who lived through the Great Depression and World Wars never could have imagined the extended periods of growth that ensued afterwards.
Fear may keep some people from entering a prosperous crypto market today, just as it once prevented people from participating in the stock market. Don’t let fear cause you to miss out on potential opportunities. Instead, consider following the lead of seasoned professionals by using copy trading.
Copy Trading and the Mechanism Behind It
Inexperienced cryptocurrency users can now follow and automatically mimic the trade actions and strategies of skilled traders on the same platform, thanks to a novel feature called copy trading.
I. Seasoned cryptocurrency traders make their portfolio and return on equity (ROE) publicly available for their audience, empowering new traders to replicate their tactics.
Due to the arrival of established entities in the cryptocurrency market following the Bitcoin spot ETF’s introduction, copy trading now offers a significant benefit for investors. By allowing them to replicate the trades of experienced and successful traders, they can focus on other areas of investing while aiming for optimal returns.
In response to worldwide shifts, many banks and financial institutions have proposed establishing digital versions of their own national currencies. This move aims to enhance the acceptance of digital currencies among retailers, given the substantial decrease in the use of traditional fiat currencies over the last ten years.
The digital asset realm, encompassing crypto, has experienced significant growth and widespread acceptance. By refining effective trading techniques, numerous individuals stand to gain financially in the thriving cryptocurrency market.
Copy Trading Records Over 93% Success Rate Than Spot Trades
Over the last few months, there’s been a significant increase in derivative trading among crypto investors, driven by the strong interest of retail traders in copy trading. As evidenced by the data presented, this type of trading carries little to no experience needed and offers attractive returns on investment compared to manually handling digital assets.
A thriving derivative market, particularly in the digital asset sector, has brought about an increased demand for automation. Artificial Intelligence (AI) algorithms are now playing a pivotal role in financial markets, streamlining processes and improving overall trading experiences. As per CCData’s report from April, copy trading accounted for a massive 77% surge in crypto derivatives trading volume, with an impressive $2.13 trillion being invested through this method.
In 2024, there’s been a significant shift in user behavior towards copy trading compared to the past. Rather than relying on experienced traders and brokers to execute trades and transfer profits, users themselves are increasingly adopting this practice. This change is likely due to evolving market conditions and economic influences that have made copy trading more popular and acceptable than manual trading.
Over the past few months, the leaderboard showcases remarkable growth in user and expert trader performances, underscoring the significant impact of copy trading. For numerous investors, this innovative approach could represent a pivotal shift towards successful medium- or long-term investments.
How To Explore Crypto Assets Without Any Experience
Mastering trading involves gaining extensive experience and acquiring essential skills. These abilities typically take years to perfect through dedicated practice.
Experienced crypto traders who have been active in the market for over five years hold an edge due to their deep understanding of technical, fundamental, and macroeconomic factors. New investors finding it challenging to acquire this level of expertise and proficiency within a short timeframe.
With the advent of automation in trading, the copy trading strategy serves as a valuable link between seasoned traders and newcomers. This method offers numerous benefits, allowing inexperienced users to follow the trades of skilled individuals in an ever-changing market.
An alternative method of earning substantial profits involves investing in digital assets, even without extensive expertise in the field.
Crypto Investing
Trading in cryptocurrencies and various financial markets offers substantial potential for investors to reap significant profits by owning useful digital assets.
While it’s true that many people have taken up this kind of trading, it’s essential to note that a strong foundation in trading principles is necessary. To potentially earn substantial returns through exponential profit, an in-depth understanding of technical and fundamental analysis for digital assets and their unique applications is crucial.
Investing in cryptocurrencies offers significant rewards, but it comes with risks that may be challenging for novice and inexperienced traders.
- High risk, high rewards – There are over 10,000 cryptocurrencies in the market today, providing limitless opportunities for traders looking to invest in different tokens with high rewards within a short time. Prices of digital assets are driven by demand and use cases surrounding them. With supply and demand dynamics in play for such digital assets, there is a high-profit return for many investors.
- Secure and fast mode of payment – Key features of investing in digital assets are linked to the currencies themselves, as they are a good way for fast transactions on the blockchain with high-security measures compared to traditional financial institutions, which have limitations to cross-border payment systems.
Disadvantages of investing into cryptocurrencies include the following;
- Understanding cryptocurrency takes time and effort – Becoming an expert trader takes years and consistent practice as the concepts of blockchain, cryptocurrencies, trends and adapting to new technologies can perplex beginners.
- Extremely volatile investment – While the price of cryptocurrencies can rally to unimaginable highs, they can also fall to terrifying lows quickly. Without proper market orientation, it becomes difficult for many traders to remain profitable.
Copy Trading
Using a platform like Margex, copy trading enables individuals without trading experience to follow and mimic the transactions of skilled traders in the digital asset market, effectively streamlining the process for novice investors.
When you choose a trader to imitate, their transactions are instantly mirrored in your own account. New trades are then started automatically on your behalf. This feature enables traders to expand their investment portfolio, earn profits, and acquire valuable market knowledge and strategy skills.
The pros of copy trading includes the following-
- Easy to use – One of the biggest advantages of copy trading is its ease of adoption for novice and inexperienced traders and investors with little to no trading experience. Considering this key factor, Margex has spent more on copy trading to help traders enjoy the best possible experience when copying crypto assets.
- Time Saving – Copy trading strategy remains one of the biggest tools for saving time when trading digital assets as all processes are automated to enable traders to make a profit and replicate the process.
One potential drawback of copy trading is that it removes the ability for the follower to make their own trading choices, instead relying on the actions of the trader being copied. This necessitates frequent adjustments to the strategy in order to maximize profits and minimize risks.
Margex Copy Trading Explained
With Margex copy trading, you can easily replicate the winning trades of top crypto industry traders by clicking a few times. What makes Margex unique in the trading platform scene is that copiers have the freedom to choose among various traders and strategies to generate profits from their copied trades, all without paying any additional commissions on successful transactions.
Margex invests significantly in providing a smooth trading journey for traders at all levels, with great emphasis given to the user-friendliness of its platform.
As a new or inexperienced trader looking to replicate successful and profitable trades on Margex, consider the following simple steps:
1. Create an account on Margex or login with your details if you have one
2. Deposit with as little as $10 to start your copy trading journey by clicking on deposit
1. To begin using a particular trading strategy, visit the copy trading page and examine the leaderboard to choose the trader you’d like to imitate.
Develop your trading strategy first, considering various factors such as the trader’s experience, return on equity (ROE), trade size, percentage of equity allocated to followers, and the maturity of the strategy before choosing which one to implement.
1. To proceed with the strategy, click “Follow” and then confirm your choice in the pop-up box that appears. Enter the desired amount and hit “FOLLOW STRATEGY NOW”.
Why Margex
Margex takes pride in its user-friendly and advanced copy trading system specifically designed for traders at all levels. With an extensive selection of digital assets available for trade, this platform caters to both novice and seasoned traders.
After investing more than $3 million in revamping its platform and incorporating fresh functionalities, Margex now offers traders a fee-free cryptocurrency converter for seamless asset exchanges.
Margex is planning to roll out a new feature for its traders: a versatile crypto wallet with dynamic functionality. This wallet aims to enhance the safety and ease of managing digital assets by allowing users to store them all in one convenient location.
Other advantages of using Margex copy trading arena include:
- Low entry barrier for as low as $10
- No trading experience is needed
- Matching return on equity (ROE)
- Daily profit withdrawal for all copy traders
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2024-04-18 19:43