#FollowTheLeadTrader What is Lead trade?
Binance Lead trade is a way of social trading. It lets you share your trading portfolio with other traders who can copy your trades automatically.
You can choose how much profit share percentage and trading fee commission you want, and you can get rewards from your copy traders every week.
How can I copy the trades of a lead trader on Binance?
To copy the trades of a lead trader on Binance, you need a Binance account and to complete identity verification.
You also need enough money in your Binance Futures wallet.
After you meet these steps, go to the Binance Futures Copy Trading page and look through the list of lead traders.
You can filter the list by return on investment (ROI), profit and loss (PNL), risk score, trading style, and more.
You can see details of each lead trader, like their portfolio name, description, avatar, profit share percentage, trading fee commission, and trading history.
When you find a lead trader you like, click the “Copy” button and enter the amount of money you want to use for copying.
You can also pick the copy mode, either fixed ratio or fixed margin.
Risks include market changes, trading losses, margin calls, liquidations, and platform problems.
Always do your own research, manage your risks, and trade carefully.
Benefits include earning from profit shares and commissions from your copy traders, getting ranked on the Binance Futures Leaderboard, gaining more followers, and learning from other traders.
Don’t forget to follow the channel.
Thank you for your time.