The world is becoming a global village with everything interconnected through the Internet. Currently, it is easy for people to socialize on social media and find out things about each other while living miles apart. In the same way, the trading industry has also become socialized through social trading, where trading platforms allow the users to socialize through forums that will enable sharing of cryptocurrency-related information. Social trading allows beginner traders to become proficient through copy trading. The FNDZ company has created a platform that will enable traders to get the opportunity to help less-experienced traders and earn rewards in the process.
What Is Copy Trading?
Copy trading is a scenario where more advanced traders allow less experienced traders to copy their trades at a fee. This is facilitated by the ability of traders to socialize on a common platform. The FNDZ company provides such a platform for traders, both experienced and beginners, to socialize and help each other. On the FNDZ platform, professional traders can help beginner traders and earn rewards in the process. Experienced traders can testify that the journey of trading is not easy, especially when you are a beginner. New traders are prone to making a host of mistakes as they begin their journey of learning to trade, whether it is in the forex market or the cryptocurrency market. Some of these errors include vulnerability to biases, herd mentality, poor risk management, and over-trading or greediness. The FNDZ platform is a decentralized finance (DeFi) platform built on the Binance Smart Chain (BSC) blockchain. The company uses DeFi infrastructure to provide a transparent and highly efficient copy trading platform with low usership fees. FNDZ has a fully audited smart contract that automates all functions on the platform in a secure manner.
How to Start Copy Trading With FNDZ
Copy-trading has never been easier as it is with the FNDZ platform. To begin your copy trading journey, you can join the FNDZ platform by following a few simple steps:
- Create a Metamask wallet. Remember to keep your passwords safe and offline.
- Login to the Metamask wallet and connect it to the FNDZ platform.
- Find an experienced trader and click ‘copy.’
Since FNDZ is a decentralized platform, users retain full control over their assets. The power is in the hands of the copy-trader at all times, and neither FNDZ nor the expert trader have the authority to withdraw funds. Hence, you must confirm the smart contract before interacting with it. Additionally, users can choose the most experienced traders based on their profiles.
Walking alone allows you to walk fast, but walking as a group will enable you to go far. In the journey of trading in crypto assets, the lone-ranger syndrome will most definitely remove you from the game early. That is why FNDZ offers a social and friendly way to walk the journey of trading with people who have already made it.