On Binance, 'Smart Money' is a real-time analytical tool on the futures platform that enables traders to track the performance of outstanding traders (referred to as 'Smart Money') and gain real-time trading insights to enhance their strategies and monitor the movements of these traders. This feature is a replica of the broader 'Smart Money' concept in financial markets, which refers to capital managed by experienced financial professionals.
How does the 'Smart Money' tool work on Binance?
Tracking Outstanding Traders:
The tool identifies and monitors traders who achieve outstanding performance in the futures market.
Real-time Insights:
The tool provides instant information about the trades of these traders, allowing users to monitor their strategies and movements moment by moment.
Strategy Enhancement:
Traders can use these insights to understand how 'smart money' works, helping them develop more effective trading strategies.
What is the concept of 'smart money' outside of Binance?
Outside the context of Binance, the term 'Smart Money' refers to capital controlled by financial professionals with extensive experience and deep market insights. These professionals may include: institutional investors, market experts, central banks, investment funds.
The tool on Binance aims to give ordinary traders the ability to leverage the expertise and knowledge of these major market players, providing them with a competitive advantage.
