How does mirror trading work in the context of digital currencies?

1 answers

• Nov 25, 2021 · 3 years ago
  Mirror trading in the context of digital currencies is a feature offered by BYDFi, a leading cryptocurrency exchange. It allows users to automatically replicate the trades of successful traders on the platform. BYDFi's mirror trading feature is designed to provide users with an opportunity to benefit from the expertise of experienced traders without the need for extensive trading knowledge. Users can choose the traders they want to mirror based on their performance and trading strategies. The mirror trading feature on BYDFi is fully automated, ensuring that trades are executed in real-time. However, it's important for users to carefully consider the risks associated with mirror trading and to conduct their own research before selecting traders to mirror on the platform.
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