Overview
BKG Exchange provides information about available Traders to help users review their trading activity before starting Copy Trading.
When selecting a Trader, consider multiple factors such as historical performance, trading activity, risk information, and trading style.
Past performance does not guarantee future results.
1. Review Historical Performance
Check the Trader's available historical performance information.
Depending on the platform, this may include:
- Profit and Loss
- Return rate
- Trading history
- Performance over different periods
- Number of completed trades
Do not rely on a single performance indicator when reviewing a Trader.
2. Check Trading Activity
Review how frequently and actively the Trader opens and closes positions.
Consider:
- Trading frequency
- Average holding period
- Number of trades
- Frequently traded markets
- Recent trading activity
A Trader's trading style may affect how copied positions perform in different market conditions.
3. Review Risk Information
Pay attention to available risk-related information, such as:
- Maximum drawdown
- Historical losses
- Position size
- Leverage
- Trading frequency
- Other risk indicators displayed on the platform
Higher historical returns may also be accompanied by higher levels of risk.
4. Check Trading Style
Different Traders may use different strategies.
For example, a Trader may focus on:
- Short-term trading
- Longer-term positions
- High-frequency trading
- Trend-based trading
- A limited number of trading pairs
- Multiple trading pairs
Consider whether the Trader's trading style matches your own risk tolerance and Copy Trading objectives.
5. Review the Trader's History
Look at the Trader's performance over an appropriate period instead of focusing only on recent results.
Consider whether the Trader has experienced both profitable and losing periods.
A short period of strong performance may not represent long-term trading performance.
6. Review the Number of Followers
The number of followers can provide information about how many users are currently following a Trader.
However, the number of followers does not guarantee future trading performance.
Use follower numbers together with other available Trader information.
7. Consider Your Own Risk
Before starting Copy Trading, consider:
- How much capital you are willing to allocate
- Your acceptable level of loss
- Your preferred trading style
- Your ability to tolerate market volatility
- Your understanding of futures trading
Do not allocate funds solely because a Trader has recently generated high returns.
8. Start With an Appropriate Amount
If you are unfamiliar with a Trader's strategy, consider starting with an amount that fits your own risk tolerance.
You can monitor the Trader's performance and your copied trades before deciding whether to adjust your Copy Trading settings.
Important Notes
- Past performance does not guarantee future results.
- High historical returns may involve higher trading risks.
- Trader statistics may change as new trades are completed.
- Your results may differ from the Trader's results due to execution price, timing, investment amount, leverage, fees, and market conditions.
- Copy Trading involves futures trading risk and may result in losses.
- Review the latest information displayed on BKG Exchange before selecting a Trader.
FAQ
Should I choose a Trader based only on the highest return?
No single metric should be used on its own. Review performance, drawdown, trading activity, trading style, and other available information.
Does a high number of followers mean a Trader is less risky?
No. The number of followers does not indicate or guarantee a Trader's risk level or future performance.
Can a Trader with a high historical return still lose money?
Yes. Historical performance does not guarantee future results, and market conditions can change.
Why can my performance differ from the Trader's performance?
Differences may result from execution price, execution timing, investment amount, leverage, fees, market liquidity, and your Copy Trading settings.
What should I do if I am not comfortable with the risk?
Review your Copy Trading settings and consider reducing your allocated funds or stopping Copy Trading according to the applicable platform rules.