For some time now, social trade has been one of the solutions to cryptotraders’ newcomers.Dealers are interested due to the rising price and eager to invest in cryptography, other than buying low and selling heavily but the issues of transparency.
Trade is however more complicated and calls for patience, discipline and sound strategy. Tons of research, commitment, testing and errors, etc. are not to be mentioned. Since many believe that the opportunity is now, and they have no time for a long way, they turn to copying, enabling you to copy and hopefully copy the movements of top performers.
Sadly, most platforms for social trading are not usual for a number of reasons, mainly involving certain ordinary problems. However, some projects have examined the problems and the DTrade platform of Decoin seems to be the key to making these difficulties go away.
Trading of copies: problems and solutions
Missing transparency is the biggest problem with copy-trading. Certainly, you can see who are the leading players in crypto trading and what you do, but most people are not willing to risk their money if they don’t understand why they do. Worse still, if traders really know what they are, you don’t even know.
The platforms are to blame for their failure to provide sufficient transparency and rigorous active inspections. All of this causes copy traders to lose confidence in leading dealers and confidence in the platforms.
Things are done differently by DTrade. This is aimed at ensuring that you are not only able to see who the top players are, but also what they are doing, how they do it, how much they benefit, and even provide live trade sessions for users’ education.
Example is the best way to gain, but you do not have to risk your own money in this way. See how professionals are dealing with difficult situations instead.