Let me explain the method, and then we'll give an approximate example of profits over a week..
First: What is copy trading?
It simply means that you choose a professional trader from within the Binance platform (or any platform that supports the feature), and you automatically copy his trades. So when he buys, you buy. When he sells, you sell.
How to activate copy trading on Binance:
Then log into your Binance account..
From the list, choose 'Copy Trading' or 'Trading Bots'.
Check the list of traders and check:
Profit percentage over the last 7/30 days.
Number of copiers (people who copy his trades).
The type of assets he trades.
Choose a trader that fits your style.
Then specify the amount you want to invest (for example: 100 USDT).
Activate the copy, and everything will happen automatically.
Let's take an example of profits over 7 days:
Suppose you invested 100 dollars with a successful trader.
His performance last week was as follows:
Day 1: +2%
Day 2: -1%
Day 3: +3%
Day 4: 0%
Day 5: +1.5%
Day 6: -0.5%
Day 7: +2%
Approximate total: +7%
Your profit: 100 × 7% = 7 dollars over 7 days.
INIT
0.6152
+207.6%
$BTC
BTC
93,523.8
+0.44%
M$XRP
XRP
2.2184
-0.09%
Important note:
Profits are not guaranteed, and everything depends on the market and the trader.
Some traders take a commission percentage (for example, 10% of your profits).
Make sure to have a Stop Loss to avoid losing too much in case the market turns.
