# How to Copy Trade on FOMO App With $50 (Don’t Lose Your Money)

**Channel:** Nazza Crypto
**Source:** https://www.youtube.com/watch?v=xf7Lza0kbwQ
**Transcript page:** https://www.withtranscript.ai/video/xf7Lza0kbwQ

## Chapters

- 0:00 — Why Small Accounts Need Copy Trading
- 1:22 — Depositing Funds Into Copy FOMO
- 2:29 — Choosing a Trader and Copy Size
- 3:49 — Configuring Risk Controls and Exits
- 5:19 — Final Setup Tips and Closing Advice

## Transcript

**[0:00]:** Hey guys, today we have a really important video, especially if you're starting out, because lots of people ask me in the comments, can I copy trade on FOMO app if I only have $50? And the answer is simple, yes you can. But you have to set up everything the right way. Because if you copy top traders with the default settings, the default size is $50 per trade, which means your whole account will go into the first buy. So in today's video, I will show you my exact setup for a $50 account, step by step. You using copy FOMO. So watch the video till the end because these settings are really important. And before we dig deeper, quick reminder, the video is sponsored by Quick fomo. It's not a financial advice, it's purely for educational entertainment purposes. Meme coins are risky, so only trade money you're willing to lose.

**[0:44]:** So first of all, why trading a small amount on FOMO app is so hard? On FOMO app there is a minimum fee of around 95 cents per trade. So if you're buying a coin for $5, almost $1 is gone right away. And when you sell the token, another doll. So on $5 trade, the coin has to go up around 40% for you to just break even.

**[1:05]:** With Copy FOMO it's different, you pay 2% of your trade. So a $5 copy trade costs you around $0.10, which makes the math really simple. And that's why for a small account, copy FOMO actually makes a lot of sense. Plus you don't have to wake up at 4am to catch the trade. The bot does it for you.

**[1:22]:** So let's jump into Copy fomo. You can find the link in the description. As usual, if you use my Link you're getting 10% discount on all the future fees. And you also are helping my channel, so I really apprec appreciate it. So this will open Telegram bot. Let's click start and that opens our main dashboard. Next up of course we have to deposit some funds and it's really easy. Just click deposit and select. How do you want to deposit? We have options like Cash App, Apple Pay and crypto. So even if you never traded crypto, you don't hold crypto in other accounts. You can still use the bot, but if you click crypto you get two options, EVM for chains like Base, BNB or Robinhood or Solana. So just select the network where you hold crypto and send USDC to this wallet. One small tip for more experienced trader, if you want to send using Robinhood chain, it only accepts usdg, not usdc.

**[2:08]:** So if you're not sure, just use Base or Solana. I personally use Solana more often. And also we have some other good news because Copyfomo doesn't charge anything for deposits or withdrawals. And if you want to cash out later, you can withdraw for $1. So again, really beginner friendly for people with small budget. And you can see right Now I have $50 in my wallet for this video demo.

**[2:29]:** Next up, let's talk about the most important part. Picking the right trader. And this is where most beginners make a mistake. When you have a small account, don't just pick the biggest name who buys 20 coins every day. Because every trade has a fee and you will run out of money really fast. Instead, pick a trader who trades less and holds longer. Fewer trades, fewer fees and the coins have more time to move. And always look at the 30 day profit, not just past 24 hours. Because 24 hours could be just luck. 30 days shows you who is actually good.

**[2:59]:** So let's click leaderboard and switch to 30 days. And for this video I'm going with a guy with a username and 837. By the way, don't copy what I'm doing. I'm just showing as an example you can see he made almost 400,000 in the past 30 days and 200 just this week by placing 129 trades in total. Which is exactly what we want.

**[3:19]:** So let's click copy. And now we have to set up the settings. This is the most important part. So let me show you one by one. So first of all, sizing, we have two options, fixed or percentage of the trader. For a small account I always recommend you going with a fixed amount. So let's click fixed, then custom and let's type in $5. So every time this guy buys, you're also buying $5. Doesn't matter if he buys 500 or 50,000. And with $50 that gives you 10 trades. So one bad trade doesn't kill your account.

**[3:49]:** Next up, what trades do you want to ignore? I type in $20, so if the trader makes a tiny test buy under $20, the bot will just ignore it. Because small buys are usually just tests, not real conviction. Next up, market cap, minimum and maximum. I will go no filter for this choice. After that a setting I really like. And always use first buys only. This means only copy his very first buy of a coin. Because when trader is buying same coin over and over, usually the big move is already gone. And with a small account you want to get early entry once. Next up, chains. And this is really cool. The bot actually shows you where the trader is trading. So I will leave all chains on because I want to trade all the meme coins on different chains.

**[4:31]:** Next up, take profit. So let's set plus 100% and sell 50%. So when the coin doubles, the bot will sell half and that half is basically your $5 back. And for the other half, let's click moonbag. So rest is basically a free ride. Next up, stop loss. Let's set minus 50%. So if a coin drops 50%, the bot sells everything that's left. So one bad coin can't really drain your account. And after the take profit hits choose Break even.

**[4:57]:** This moves your stop loss up to your entry price, so the part you're still holding can't really turn into loss. Next up, Max chase. Let's set 25%. So when this guy buys, usually the price will pump because there's other copy traders also copying the same guy. So if the price already pumped more than 25% by the time you trade lands, the bot just skips it. So this way we're not buying the top after everyone else.

**[5:19]:** And the last few questions, when the trader sells at a loss, of course, sell with them. You don't want to be holding to zero. When two of your traders buy the same coin, first buy wins. And if a copy can go through, just skip it. And now you can see all the settings we just set before starting anything. And you can also see the fee right here, which is 2% per trade. So let's click Start Copying. And it also asks if you want to save this setup for the next copy. So let's click Save Setup. So the next time you decide to copy anyone, you have the settings ready. And we have one more setting which actually most people forget. This one is actually in the menu in the settings, which is Max position. I set it to three. So you hold maximum three coins at the same time.

**[5:58]:** So even if your trader goes crazy one day, your $50 don't get spread across 15 different coins. And right here you can also click Pause all, which will pause all of your copy trading bots and nothing gets copied until you turn it back on. And basically that's it. Now you can go back to sleep and let the copy trading bot do the work. In my copy setting, you can also see who you are copying and how much each trader is making you in portfolio. You can see your balance, your profits, and your open positions, which is really simple and clean setup for all the new traders but also advanced enough for all the advanced copy traders. And lastly I have few tips before I go so number one don't change your settings every day let it run for a week then check my copies see what trader did what for you and change one setting at a time.

**[6:43]:** Number two grow slowly when your account grows increase your size per trade or add a second trader but start small. And number three if you're using the bot check out my video about copy token because if you made that trade in the past 30 days you will get 2x cashbacks just for holding that token. You can find the link in description for that video and basically yeah that's it. This is how you start copy trading on FOMO app with just $50. Again you can find all the links in the description, all the discounts and if you have any questions you can ask them in the comments and subscribe for more videos like this. See you next time.