#FollowTheLeadTrader

AI Overview

+2

To follow a lead trader on Binance, go to Trade > Copy Trading, select Spot or Futures copy trading, choose a lead trader's portfolio, and then customize your copy trading parameters.

Here's a more detailed breakdown:

1. Access Copy Trading:

Log in to your Binance account.

Navigate to "Trade" > "Copy Trading".

Choose either "Spot Copy Trading" or "Futures Copy Trading" depending on your preference.

2. Find a Lead Trader:

Spot Copy Trading:

Go to the "Spot" section within Copy Trading.

Browse the "Portfolio List" to find lead traders and their portfolios.

Futures Copy Trading:

Go to the "Futures" section within Copy Trading.

Browse the "Portfolio List" to find lead traders and their portfolios.

3. Select a Portfolio and Customize:

Click on the portfolio of the lead trader you want to follow.

Copy Trading Settings:

Spot Copy Setting: Customize your copy trading parameters, such as the amount you want to copy, leverage, and stop-loss settings.

Futures Copy Setting: Customize your copy trading parameters, such as the amount you want to copy, leverage, and stop-loss settings.

Start Copying: Confirm your copy trading settings and start copying the lead trader's trades.

4. Monitoring and Management:

Track Performance: Monitor the performance of the lead trader and your copied portfolio.

Adjust Settings: You can adjust your copy trading parameters at any time, but be aware of any lock-up periods that may apply.

Stop Copying: You can stop copying a lead trader's trades at any time.

Important Notes:

Risk:

Copy trading involves risks, and past performance is not indicative of future results.

Due Diligence:

Research and understand the lead trader's strategy and risk profile before copying their trades.

Fees:

Be aware of any fees associated with copy trading.

Lead Trader Benefits:

Lead traders can earn a profit share from their copy traders and receive other benefits.

Lock-up period:

Eligible lead traders will have the option to establish a 0-day, 7-day, 15-day, or 30-day lock-up period for their portfolio.