#Wrtite2Earn Can you really profit from copy trading? The answer to this is based on experience*
The answer is simply no, and it's difficult to profit unless you join specific copy traders.
For those who don't know what copy trading means, it's as follows:
✅ What is copy trading?
It is when you allow your account to automatically copy the trades of a professional trader, meaning every time they enter a trade, you also enter a similar one in the same direction and with a portion of your capital.
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⚙️ How does it work?
1. You choose a professional trader from Binance (a list of traders and their results will appear).
2. You specify the amount you want to allocate for copying (for example, $100).
3. Every trade the trader enters is automatically copied by your wallet.
4. If they profit, you profit. If they lose, you lose the same.
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💰 How does profit happen?
• Profits depend on the trader's performance.
• Binance takes a percentage (for example, 10%) of your profits and gives it to the trader as a commission.