Excellent question, thank you for sharing it.
Copy trading on Binance can be profitable, but it's not guaranteed. It involves automatically copying the trades of a lead trader, both in spot and futures, which is ideal if you don't have time or experience. But here’s the key: choosing the right trader is essential.
Based on my experience, here are key tips for selecting a reliable trader:
1. Review their history: If they have a solid success rate, consistent trades, and clear risk management.
2. Avoid traders who only earn from commissions: Many are not truly profitable and only monetize with followers.
3. Start small: Use the copy trading feature starting from $10 USDT or even try the simulated mode to observe without risk.
4. Diversify: Don't put all your capital into a single trader.
5. Observe their behavior in bearish trends, where it filters out who truly knows how to trade.
I am preparing my own copy trading service like NómadaCripto, based on strategy, management, and transparency. Coming soon!
Do you have more questions about futures or copy trading? Leave them here and I will respond from my experience as a trader focused on short trades.
Follow me, comment, and share to keep growing together. And if you want to support me, leave a tip or register with this link to earn shared commissions on your trades:
https://www.binance.com/join?ref=K3QGI8T1
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