Copy Trading:

Concept: Allows you to automatically copy the trades of professional traders.

Advantages:

Suitable for beginners: Enables beginners to benefit from the expertise of professional traders without the need for deep market knowledge.

Saves time: Does not require significant effort or time from you.

Disadvantages:

Dependence on others: Your profits depend on the performance of the trader you are copying.

Fees: There may be fees for the copy trading service.

Which is better for beginners?

Spot Trading is the best for beginners overall.

Reasons:

Simplicity: Easy to understand and implement.

Lower risks: No leverage, which limits potential losses of the invested capital.

No liquidation risk: You cannot lose all your money in a single trade due to a margin call.

Building a foundation: Helps you understand the basics of the market and price movements before moving on to more complex trading types.

Tips for beginners:

Start with small amounts: Do not invest more than you can afford to lose.

Learn the basics: Understand technical analysis and fundamental analysis.

Use Stop-Loss orders: To protect your capital.

Do not use leverage initially.

Be patient: Trading requires time to learn and gain experience.

Take advantage of educational resources: Binance offers the Binance Academy, which provides excellent explanations and educational articles.

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