*Can you really make a profit from copy trading? The answer to this after experience*
The answer is simply no, and it’s hard to earn unless you join private copy traders.
For those who don’t know what copy trading means, it’s as follows:
✅ What is copy trading?
It is when you allow your account to automatically copy the trades of a professional trader, meaning every time they enter a trade, you also enter the same trade in the same direction and with a percentage of your capital.
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⚙️ How does it work?
1. You select a professional trader from Binance (a list of traders and their results will appear).
2. You specify the amount you want to allocate for copying (for example, $100).
3. Every trade the trader enters gets automatically copied by your wallet.
4. If they win, you win. If they lose, you lose the same amount.
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💰 How does profit occur?
• Profits depend on the performance of the trader.
• Binance takes a percentage (for example, 10%) from your profits and gives it to the trader as a commission
