and the distribution of digital products.
5 Best Copy Trading Platforms in Italy
Copy-trading enables all the traders to automatically copy positions that are all managed and opened by successful traders. This copy trading feature lets you gain profit from the experience of others. Hence, we have handpicked the best copy trading platforms in Italy in this article to help you to choose the correct platform for you.
Summary What is Copy Trading?With each passing day, copy trading is becoming a more and more popular trading option. It is now among some of the most accessible and successful methods to make a profit out of cryptocurrency, stock market, and forex platforms. Furthermore, this trading technique does not require you to spend a lot of time researching and studying market charts as you can generate passive income simply by copying some of the elite traders from the crypto market.
Italian Government and CryptocurrencyCryptocurrency is a digital currency that can be made in used to buy goods and services. It further implies that there will be no physical bill or coin used, and all the transactions will take place online.
Italy was among the first countries to examine cryptocurrencies and tried to streamline their activities. However, at present, there are no such regulations that prevent Italians from using, buying, owning, or selling cryptocurrencies as a mode of payment. The environment in Italy is crypto-friendly, and the government also recognizes bitcoin as a currency, with approx 29 bitcoin ATMs along with a huge number of local bitcoin users. Moreover, the people there have increased their interest and the government in the implementation of blockchain in several sectors in Italy to plunge the economic growth of the country.
CoinCodeCap: 1st Best Copy Trading Platforms in ItalyCoinCodeCap writes guides, product reviews, and comparison articles specifically in the field of cryptocurrency. We also provide all our users with trading tutorials through our YouTube video channel and daily crypto news. Moreover, we are also Coinmonks, a team of successful and elite traders providing crypto signals based on technical and fundamental analysis. Furthermore, we aim at providing the path for all of you to reach the best crypto product according to your specific needs.
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CoinCodeCap
BYDFI: 2nd Best Copy Trading Platforms in Italy
BYDFI is a pretty young crypto exchange platform when compared to other trading platforms, as it just came into the picture in the year 2019. It has its headquarters in Singapore and has an extensive range of crypto trading pairs. Moreover, it also offers its traders future trading, spot trading, CFD trading, and copy trading. The platform’s unique contract offerings, as well as the low entry levels, is the main differentiator of this platform. Furthermore, it has a broad network extending and covering almost 150 countries, and the website can translate into 10 different languages.
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BYDFI
Wunder Trading: 3rd Best Copy Trading Platforms in Italy
Wunder Trading is a well-known automated cryptocurrency trading platform that strives to facilitate the real-world use of cryptocurrencies through several products and solutions. The Wunder Trading platform first came into the picture in the year 2017 and had its headquarters in Estonia.
Moreover, the platform is run by a team of passionate experts in finance, software development, anti-money laundering, and trading. Wunder trading is currently offering bitcoin and other cryptocurrency exchange services to traders. In addition, it also provides them with a trading automation platform. Furthermore, the platform is aimed more at novice traders as it provides them with a simple yet intuitive trading platform with several features.
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Wunder Trading
Gate.io: 4th Best Copy Trading Platforms in Italy
Gate.io is most probably the earliest crypto-to-crypto exchange from China. It comes under the world’s top ten digital currency trading platforms that is focusing on hassle-free and safe trading cryptocurrency journeys. Since the platform’s inception in the year 2013, it has been providing traders with the best trading experience. In addition to this, the platform also offers services and products such as futures trading, spot trading, hold to earn Interest, leverage ETF, quantitative trading, and secured loans for traders.
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Gate.io
MoonXBT: 5th Best Copy Trading Platforms in Italy
MoonXBT is a popularly known social trading platform that provides its customers with services like one-click copy trading services to global clients, contract trading, and social interaction. The platform has its headquarters in the Cayman Islands and operates in more than 200 countries all over the world. Moreover, MoonXBT also has offices in Malaysia, South Korea, Vietnam, Hong Kong, and Japan. The platform also has a very well-structured fee structure. Furthermore, MoonXBT also offers its traders a multi-screen trading view, take-profit settings, and stop-loss; while maintaining a lucid and uncluttered trading environment.
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MoonXBT
Also read, MoonXBT Copy Trading: The best way to Automate Crypto Trading
ConclusionThe above-mentioned crypto copy trading platforms might have some same features. However, if you want to become an elite copy trader, you should be clearly focused on the platforms that receive the highest and best profit distribution. Moreover, it would be best if you always are sure of the fact that the platform is transparent and offers more features and tools. We hope this article, “5 Best copy trading platforms in Italy,” will have given you a gist of these platforms.
Frequently Asked Questions How to start copy-trading?The first thing that everyone should do as a trader chooses the best copy trade exchange platform that will meet all your needs. Then after that, you may choose the demo trading option if it is made available by the platform and practice, or what you can do is simply deposit money into a live account. Choose a professional trader from whom you want to copy the trades, and then make sure he has a good trading history and also a number of followers.
How to find the best trader to copy trades?There are several factors that one should consider while making a choice for a trader, and those should be:
1. First, you should find the right moment to copy a trader.
2. Risk rating while trading should always be considered.
3. You should always check out their earnings and also drawdowns.
4. Consistency is the main key in copy trading. So, you should always make sure to check the trader’s history.
5. Furthermore, check the number of followers that they have.
Nothing ever comes without risk, and copy trading is also one of them as it comes with some risk factors like all other trading forms. Losses can occur in a variety of ways in copy trading, and a few of those factors can be:
1. First, if you are not able to manage your copy trading investments properly.
2. The trader that you are following might have made a mistake, and you also copied the same trade.
3. Lastly, you might have followed the wrong trader all the way from the beginning. If so, then you should quickly make attempts to change your trader.
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