Easy money with mirror trading

Easy money with mirror trading

Anton Bartenev, FUMGO CEO

What is it, and why is it necessary?

Mirror trading is automated copying of orders of a trader to your account. Deals are opened in the same percentage ratio to the balance as for the trader but within the limits you have selected.

This is a good way to start for those who do not want to dive deep into market analytics and spend lots of time learning to trade on their own.

What are the advantages of mirror trading on FUMGO:

  • transparency. You can clearly see each step and every deal. Unlike signals in telegram channels and classical trust management, you are able to check which transactions are actually made;
  • compared to bots, traders know the market well and can adjust strategy faster. That’s why there is a chance to make more money;
  • unlike the classic trust management (copy trading), you don’t need to transfer your money to the trader. Money stays in your account;
  • you don’t need to monitor dozens of telegram channels with signals trying to make money;
  • deals are provided only by traders who use their own money, that is why they weigh risks well;
  • you can diversify risks by subscribing to several traders; this way, you allocate a budget limit for each trader (without creating separate accounts on exchanges);
  • compared to trust management, you decide when you want to stop copying deals;
  • you don’t need to pay additional fees or a percentage of your earnings. You pay only for the subscription.

How does mirror trading work on FUMGO?

We have combined automation and trust management. To start, you need to select a trader and check out his performance indicators. Then you need to subscribe to his channel on FUMGO, pay for a subscription, and set limits for deals. His deals will be copied on your selected exchange account in the same ratio to the balance as for the trader. The amount can be adjusted if necessary.

There is no need to keep your money on FUMGO, you have all your funds in your account on the exchange. Exchanges are connected to FUMGO via API keys.

We have several traders on the platform and also our own channel where you can check profit statistics, subscribe and enable mirror trading. Subscription to our channel is free.

After you have selected a trader and subscribed to his profile, you need to enable mirror trading. Then select your exchange account where you want to have your deals carried, and set the following limits:

  1. The amount of balance that will be used to copy deals from this trader. The system will not be able to open deals beyond this amount. This is a required step.
  2. You may set maximum and minimum limits for one transaction. This way you can better control the deals you create and not risk more than you would like.

In addition, If you are constantly trading and have already developed a profitable trading strategy, you can increase your profit by giving others an opportunity to copy your deals.

Here’s what you need for this:

  • either write me an email or leave a message via the form on the website. Or even DM me here;
  • get registered on FUMGO and create a trader profile. We grant access to trader’s profile shortly after our manager contacts you;
  • trade actively on FUMGO for at least 2 weeks. During this time, we will collect and analyze the statistics of your trades. If the results are OK, you will appear in the list of traders;
  • keep trading actively. Inactive traders will be unlisted;
  • trade with profit. Traders who systematically trade with bad statistics will be blocked and disappear from the list of traders.

We have got several bonuses for traders who share their deals:

  • you have access to all functions of the crypto terminal;
  • you decide whether you want to get paid in dollars or BTC for subscriptions to your profile;
  • you can withdraw funds from the platform directly; you don’t need to contact a manager to withdraw your money.

FUMGO has seven-day trial access for new users, which includes a subscription to FUMGO channel. We will be happy to hear your thoughts about our terminal. It will help us become better.

We have an official Telegram channel where we post market analyses and news about the project. You can also check our page on Facebook and Twitter.



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