Copy Trading on the **Binance** platform allows beginner traders or those who do not have enough time to follow the strategies of professional traders and automatically replicate their trades. Here are the key points about this feature:
1. **What is Copy Trading on Binance?**
- You can choose professional traders (signal providers) and automatically copy their trades in your account.
- Suitable for beginners or busy individuals who want to benefit from the expertise of others.
2. **How does it work?**
- **Choosing a signal provider:**
You can filter traders by performance, profit rate, number of followers, and more.
- **Customize the amount:**
You determine the amount you want to invest in each trade (e.g., $100 per trade).
- **Start copying:**
After subscribing, the provider's trades are automatically executed in your account in proportion to your capital.
3. **Features:**
- **No experience needed:** Learn from professionals and benefit from their analyses.
- **Risk allocation:** You can adjust the risk percentage (e.g., copy only 50% of the provider's trade size).
- **Transparency:** You see the performance of providers before subscribing.
4. **Risks:**
- **Losing money:** Even professionals can lose, and losses are also copied.
- **Service fees:** Some providers charge fees on your profits (e.g., 10% of profits).
- **Rapid fluctuations:** If you delay stopping the copy, you may be affected by rapid trades.
5. **How to start?**
1. **Open an account on Binance** and deposit funds.
2. **Go to the "Copy Trading" section** (usually within "Binance Futures" or "Binance Spot").
3. **Choose the appropriate signal provider** based on their performance and strategy.
4. **Adjust the copy settings** (amount, multiplier rate, etc.).
5. **Start copying** and monitor performance.
6. **Important tips:**
- **Start with small amounts** until you understand how it works.
- **Regularly monitor the provider's performance** and consider stopping the copy if their performance declines.
- **Don't put all your capital into one trader**, spread the risks.
7. **The difference between Copy Trading and Mirror Trading:**
- **Copy Trading:** Choose a specific trader and copy their trades.
- **Mirror Trading:** Follow an automated strategy (like a robot) without being tied to a specific trader.
> ⚠️ **Warning:** Trading is risky, and you may lose capital. Do not invest money you cannot afford to lose.