We must be very careful and watch traders we copy from like a hawk and know their strategy. My team has created a trading account on BingX, and the strategy we use is using Fibonacci, Bollinger Bands, RSI, MACD, and some other indicators, to safely enter trades. The margin is 3% of the account. On bullish markets, it's always a win and and on bearish market, it only drops to collect orders. The worst case scenario over a year can be loss of 30% of the account, but if you patiently hang in there, a lot more than that 30% will have already been profited. Meaning that if you enter in January, there's a high chance to receive over 500% profit, making your account 5 times bigger. Let's say if it's 100$, you'll have 500$ and in the worst scenario, losing 30% of that will result in 350$ which is still 350% of your initial asset. We think that's a very safe strategy. Take a look:
https://bingx.com/en/h5/traderinfo/1998800000043772?apiIdentity=0&inviteCode=KWNNVHHi, I am following only one trader on Bingx and I have set as margin $161 so that each position that is opened for me is $161 and only opened automatically one position with a margin of $40 (the trader opened two positions and I only opened one position).
Is there any way to open the position with the amount I specify or does bingx somehow limit that amount?
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