Copy Trading Program

Q1. What is copy trading?
A1. Copy trading is a form of trading where individuals replicate the trades of experienced traders, known as Master Traders.

Q2. How does copy trading work?
A2. Copy trading works by connecting the trades of Master Traders to the accounts of followers, automatically executing the same trades in real-time.

Q3. What are the key benefits of copy trading compared to individual trading strategies?
A3. The key benefits of copy trading include the ability to leverage the expertise of experienced traders, potentially achieving similar returns without extensive market knowledge or time commitment.

Q4. How do I choose a reliable copy trading platform or service?
A4. To choose a reliable copy trading platform or service, consider factors such as reputation, security measures, transparency of performance history, fees, reporting and available trading features. Currently we are using Bybit, which has a lot of reporting issues and trading feature missing, but is the one that Australian can use.

Q5. What criteria should I consider when selecting Master Traders to copy?
A5. When selecting Master Traders to copy, consider factors such as their performance history, risk management strategies, trading style, and their alignment with your investment goals. Ideally, Master Traders with low drawdowns and not using your entire equity have performed well. Consistency is key in copy trading.

Q6. How transparent is the performance history of the Master Traders available for copying?
A6. The transparency of the performance history of Master Traders varies across platforms, but reputable platforms often provide detailed performance statistics and trade history.

Q7. Can I customize the risk level and allocation of my copied trades?
A7. Many copy trading platforms allow followers to customize their risk level and allocate funds based on their preferences. However doing so, will oftentimes reduce the number of copy trades done.

Q8. What is the average duration of trades executed by Master Traders?
A8. The average duration of trades executed by Master Traders can vary widely depending on their trading style and strategy. Some take a few hours while many can take weeks if not months to close.

Q9. Are there any limitations or restrictions on the assets or markets available for copy trading?
A9. There may be limitations or restrictions, depending on the platform or service you choose.

Q10. How frequently are the copied trades executed and how quickly are they replicated in my account?
A10. The frequency of copied trades and the speed of replication in your account depend on the platform and market conditions but are usually executed quickly.

Q11. Can I manually intervene or adjust copied trades if needed?
A11. You have the ability close positions, select when to take profit or stop losses based on the overall %.

Q12. What measures are in place to prevent slippage or delays in copying trades?
A12. Copy trading platforms typically have measures in place to minimize slippage or delays in copying trades, but some degree of latency may still occur.

Q13. Are there any additional costs or fees associated with copy trading?
A13. Additional costs or fees associated with copy trading can vary depending on the platform or service. the one in Bybit consider fees for entering long or/and short position and fee for closing the position, master trader performance-based fees, and spread markups.

Q14. How is the profit distribution structured between Master Traders and followers/copiers?
A14. The profit distribution structure between Master Traders and followers/copiers varies based on how much money they have made their followers. It starts at 10% and can become more as the Master Trader makes more profits.

Q15. What strategies or risk management techniques do the top-performing Master Traders employ?
A15. Top-performing Master Traders employ various strategies and risk management techniques, including technical analysis, dollar cost average, and diversification.

Q16. Are there any resources or support available for followers to improve their trading knowledge?
A16. Some copy-trading platforms provide educational resources or support to help followers improve their trading knowledge and skills.

Q17. Can I communicate or interact with the Master Traders I am copying?
A17. We have tried that, but people were messaging the Master Trader in regards to why a trade was entered all the time which added pressure and stress to the entire process. So communication now has been reduced.

Q18. How does the platform handle situations when a copied trade results in a loss?
A18. When a copied trade results in a loss, the platform handles it based on the replication settings chosen by the follower, which may include proportional loss allocation.

Q19. What are the withdrawal and deposit options available for my copy trading account?
A19. The withdrawal and deposit options available for your copy trading account depend on the platform or service you use.

Q20. Is there a minimum account balance or investment required to start copy trading?
A20. The minimum account balance or investment required to start copy trading is $100, but it’s advisable to have $400 and invest in 2 to 4 Mastertraders to Reduce Risk and Maximize Profits potential.

Q21. What kind of security measures are implemented to protect my funds and personal information?
A21. Copy trading platforms typically implement security measures such as encryption, two-factor authentication, and segregated client accounts to protect funds and personal information.

Q22. Are there any success stories from followers who have achieved consistent profits?
A22. Reputable copy trading platforms provide followers results on a 7 days, 30 days and 90 days periods.

Q23. What profit split does copy trading have, and does this change based on the amount of copiers/followers a master Trader has?
A23. The profit split in copy trading and its potential changes based on the number of copiers/followers can vary across platforms and depend on the agreements with Master Traders, and profit made.

Q24. Why would experienced Master Traders allow others to copy their trades?
A24. Experienced Master Traders may allow others to copy their trades to earn additional income through performance-based fees or profit-sharing arrangements. A Master Trader could have a $200 trading account generating $400 to $20,000+ per month depending on how many people are following him/her.

Q25. Why do you, Paolo, share this with us without charging an extra monthly fee?
A25. I do make a small fees by the participants using my referral code. I make 35% on Bybit Derivatives Maker and Taker Fees which vary between 0.01% and 0.06%. See: https://learn.bybit.com/bybit-guide/bybit-trading-fees/ on a Maker trade of $1,000 I make $0.035 ($1,000 x 0.01% = $0.10 x 0.35)

Q26. How does the Elite Copy Trading leadership select Master Traders to trade with?
A26. The process of selecting Master Traders to trade with is determined by the Elite Copy Trading leadership. It involves evaluating performance, risk management, and alignment with their goals. However, not everyone can handle the stress of having others follow them, so it’s difficult to determine if a trader who is normally successful will continue to be successful once others start following them.

Q27. Why is the private group capped at 200 participants?
A27. Capping the private group at 200 participants may be a decision made by the Elite Copy Trading leadership. If there are more than 200 participants all entering a trade at the same time, the majority of people may miss out. If there are 2,000 participants with very small accounts, then a higher participant rate of 200 could be considered.

Q28. How could we make the group bigger?
A28. Increasing the group size would require a decision from the Elite Copy Trading leadership. It would depend on factors such as the overall account size of the copy traders, the availability of Master Traders, available resources, goals, and the ability to provide adequate support.

Q29. Why not trade with other Master Traders on Bybit?
A29. The choice to trade with specific Master Traders on Bybit is encouraged to reduce risk and increase profitability. By carefully selecting Master Traders based on their performance, risk management strategies, and alignment with your goals, you can improve your chances of success.

Q30. What is the net monthly target of the Elite Master Traders?
A30. The net monthly target of the Elite Master Traders is 10% per month. However, it’s important to note that trading involves risks, and achieving consistent profits is not guaranteed.

Q31. Why has my account not moved much?
A31. The movement of your account may depend on various factors, such as market conditions, the trading strategy employed by the Master Traders you are copying, and the replication settings chosen. Additionally, it’s not advisable to trade all the time, especially in directionless and flat markets. It’s important to be patient and evaluate performance over a longer period.

Q32. Why is my account showing losses instead of profits?
A32. If your account shows losses instead of profit, it could be due to market fluctuations, unsuccessful trades, or a combination of factors. Trading involves risks, and losses are possible. This is why spreading the risk by copying multiple Master Traders is advisable. It’s important to assess the performance of each Master Trader and adjust your portfolio accordingly.

Q33. What is the best amount to start copy trading with?
A33. We recommend starting with a minimum of $400 to $500. This amount allows for a diversified portfolio by copying multiple Master Traders, reducing risk, and potentially maximizing profits. However, the amount you choose to invest should be based on your personal financial situation and risk tolerance.

Q34. What are the fees I have to pay to Bybit?
A34. Bybit charges fees known as Derivatives Maker and Taker Fees, which can vary between 0.01% and 0.06%. The exact fee structure depends on the trading activity and the specific contracts being traded.

Q35. Paolo, you mentioned you receive a fraction of the commission from the Bybit fees I already pay. What is the percentage?
A35. As an affiliate, I earn a referral commission of 35% on the Derivatives Maker and Taker Fees that you pay to Bybit. This commission is a small fraction of the fees you pay, and it helps support the services and resources I provide to the copy trading community.

Q36. Can I share this program with the people I know?
A36. You can share the program with the people you know if there are no restrictions or limitations imposed by the platform or service provider. But to get extra support and acces to the Elite Master Traders you need to join Bybit using this code: https://partner.bybit.com/b/elitecopy If you have join Bybit before, we can ask them to move you across.

Q37. Is this program really free or are there any hidden fees?
A37. It’s free to join, the fees paid are a percentage of your wins, which goes to the Master Trader and a small fee paid to Bybit, of which I make a small fraction.

Q38. What can I expect to gain by joining this Copy Trading Program?
A38. By joining a copy trading program, you can expect to gain potential access to the expertise of successful traders, the opportunity to replicate their trades, and the potential for profits. Ideally a 10% return is what we would like to aim for.

Q39. Why do many people lose money in copy trading?
A39. Many people lose money in copy trading due to factors such as market volatility, unsuccessful trades, Master Traders mindset, Bybit limited trading features, unrealistic expectations, or lack of understanding of the risks involved.

Q40. What are the main trading strategies used by the Elite Copy Trading Master Trader to make profits?
A40. The main trading strategies used by Elite Copy Trading Master Traders to make profits can vary and may include a combination of technical analysis, DCA, and risk management techniques.

Q41. Is copy trading risky?
A41. Copy trading can involve risks, as trading itself carries inherent risks. It is important to understand the risks associated with copy trading and the potential for losses.

Q42. Can I lose my funds if I copy trade?
A42. Yes, this is why is advisable to reduce risk by copying multiple Master Traders and monitor progress every month.

Q43. Why does my account lose money if I manually close a position that is in profit?
A43. If you manually close a position that is in profit, your account may experience losses due to market fluctuations, fees or other factors that occur after the manual closure.

Q44. What is scalping in trading?
A44. Scalping in trading refers to a strategy where traders aim to profit from small price movements by executing frequent trades within short time frames, taking advantage of short-term price fluctuations.

Q45. Are there any limitations or restrictions on the number of Master Traders I can copy?

A45. The limitations or restrictions on the number of Master Traders you can copy may depend on the platform or service you choose. Some platforms may impose limits on the number of concurrent copies to manage risk and ensure optimal performance. We advise to follow no more than 4 at any given time.