General FAQ

What is TraderWagon (TW)?

TraderWagon (TW) is a platform that bridges the gap between expert and novice traders, allowing you to discover, follow and copy trades made by expert traders from all over the world.
TraderWagon is not just a copy-trading platform, TW is also a community of traders and investors where you can connect and interact with like-minded traders. Expand your trading circle and chat with some of the top traders in the world to discuss strategies and techniques that will help you become a better trader.

How does TW social trading work?

The idea of social trading is simple: Use technology to automatically copy the real-time crypto futures trades of experienced and profitable investors.
In TraderWagon, we have two types of users, Lead Traders and Copy Traders:
  • Lead Traders are investors who manage portfolios (copy-portfolios) and allow other investors to follow and copy his/her portfolio.
  • Copy Traders are investors who follow and duplicate trades from the Lead Traders.
TW social trading connects a part of your portfolio with the portfolio of a trader of your choosing. Once you copy a trader, all of their opened trades are copied to your account.

Advantages of Social Trading

  • Allows first-time traders to familiarise themselves with the crypto market and gain the confidence to trade.
  • Helps new traders to learn how to trade, by watching the actions of other, sometimes more experienced traders.
  • Enables more traders to take part in the market, even when they are too busy, and not able to invest the time and research they should normally devote to trading.
  • Creates a community of traders, beginners and experienced alike, who can exchange ideas, strategies and endeavour to improve their trades together.

What are the risks associated with social trading?

As with all investments, there is always a risk. The greatest risk an investor will face when social trading is portfolio-selection risk. If the strategy of a Lead Trader is unsuccessful, its Copy-Traders can lose money. Copy-Traders also face slippage risk when copying trades of Lead Traders especially if the assets they are trading experience illiquid conditions when markets are volatile. Lastly, Copy-Traders can face systematic risks if the assets they are trading experience sharp declines or rallies.

How can you make money in social trading?

It depends, social trading is one of the ways that investors, novice or otherwise, can earn from the cryptocurrency market on autopilot. Beginners can increase their chances of making profits by following Lead Traders on TraderWagon without the need to study the market.

What happens when a system outage or service downtime occurs?

In the event of a system outage or service downtime, users may directly contact TraderWagon for assistance.
Risk disclosure
Crypto assets are volatile virtual products with a high risk of losing money quickly. Prices can fluctuate significantly on any given day. Due to these price fluctuations, your holdings may significantly increase or decrease in value at any given moment, and this may result in a loss of all the capital you have invested in a transaction.
You should not trade or invest money that you cannot afford to lose. You have to fully understand the risks involved before deciding to trade with us in light of your financial resources, level of experience, and risk appetite. If required, you should seek advice from an independent financial advisor. The actual returns and losses experienced by you will vary depending on many factors, including, but not limited to, market behavior, market movement, and your trade size. Past performance is not a guide to future performance. The value of your investments may go up or down.
Copy Trading was not developed to provide personalized investment recommendations, investment advice, tax-related advice, or other financial-related advice of any kind. Any information related to the performance of the copy trade is not intended to be investment advice. All the information provided is solely for informational purposes and should be used only as a starting point for your own investment decision-making. Copy Trading shall not be considered as advice or recommendations or endorsements by or on behalf of Binance and/or its affiliates
If you become a Follower or a Lead Trader, be aware of the Copy Trading Terms (including Terms as incorporated by reference herein) that you have read and accepted may have changed. You are responsible for checking these documents periodically to review their current version. Your continued access and use of Copy Trading services will be considered as acceptance of Copy Trading Terms.
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On this page
What is TraderWagon (TW)?
How does TW social trading work?
Advantages of Social Trading
What are the risks associated with social trading?
How can you make money in social trading?
What happens when a system outage or service downtime occurs?