Copy Trading Made Easy – Crypto Daily™

What is Copy Trading?

A steady influx of newcomers approach online asset trading each year and are attracted to its appearance of speed, convenience, and profitability. However, the challenge of knowing what to invest in and when exactly to initiate those trades requires prior knowledge that not all investors are willing to dive into.

The acquired skill of a seasoned trader can go as deep as understanding the psychology of trading, as well as other aspects such as portfolio management, fundamental and technical analysis, and simply their experience as professional traders.

Social Trading, otherwise known as Copy Trading, intends to bridge this educational gap by empowering new traders with the insight of professional trading moves taken directly from more experienced traders.

How Can Investors Benefit From It?

A new platform known as Tycoon has been built to facilitate copy trading, specifically for those in the crypto market. New investors may be daunted by the volatility of cryptocurrencies creating an additional risk for them when going into this space. Therefore, by harnessing this tool, users can gain crypto trading confidence through the insight of professional trading moves taken directly from more experienced traders.

Tycoon aims to provide its users with a time-saving, simple, and fully-automated experience of trading cryptocurrencies through its social trading platform.

Utilise Your Existing Funds Without Them Leaving the Exchange

Investors who want to take advantage of Tycoon don’t even need to move any liquidity onto the platform – it’s all done through API integration. This way, users retain control over where their funds are stored by choosing which exchange to connect with Tycoon’s API.

In addition, this interface allows data to travel between Tycoon and the exchange, capturing and processing professional trades in real-time. Of course, these trades are made on the pro trader’s actual portfolio.

Select Traders Based On Real Results

To help its investors find the right traders to follow, Tycoon’s featured traders’ past results are collected, verified, and presented on its simple user interface. This data can be easily accessed and filtered through and includes stats such as traders’ profits, total trades, and how many followers they have on Tycoon.

Specific traders can be found using the search tab, and once followed, they can be monitored for as long as the follower wants. If the trader’s strategies are unsatisfactory, they can unfollow them at any time.

Safety of Your Assets & Data

With Tycoon’s optional stop-loss feature, you can only lose as much money as you allow. Once your allocated capital falls below a predetermined value, that trader is automatically unfollowed, all open orders are canceled, and their trades will no longer be copied onto your portfolio.

You can then either “convert to USDT” or retain the last copied portfolio when the Stop Loss was triggered. To ensure validation of the personal data of new customers and to prevent money laundering, verifications through KYC (Know Your Customer) are required for all Tycoon users, as this also enhances the security and reliability of the platform, providing access to trade and reading the portfolio of the trader.

Investors will then see stats and charts based on performance and diversification to see where their money is going. Traders never receive access to any of this personal data, and every user of Tycoon appears under an alias. Every trader on Tycoon appears under an alias; and will only recognize each user on the platform through their usernames and trading metrics.

Similarly, the platform is fully non-custodial, so all users have full ownership of their funds which further highlights the trustworthiness of Tycoon.

Before market manipulations even have the chance to manifest, Tycoon utilizes several self-developed algorithms to prevent this from occurring on its platform effectively. These algorithms can also detect and highlight traders who intend to manipulate the market before they can abuse the platform.

Start Soon To Keep 100% of Your Profits

Currently, Tycoon is launching with a “zero-fee” offer for now and If you stake over 8,000 TYC (Tycoon’s native token) on the platform, you can use Tycoon for free and keep all of your profits.

If you’ve been considering crypto trading for some time and want to see how more experienced traders do it, this may be the opportunity for you.

To keep up to date with all things Tycoon, follow their Instagram, Twitter and Telegram.

Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice