Copy Trading on Binance is a feature that allows users to automatically copy the trades of professional traders, allowing users to benefit from the expertise of these traders without having to manually place trades or have advanced trading knowledge.
How does copy trading work on Binance?
1. Lead Trader: Executes trades in the market using his own strategy.
2. Followers: They link their accounts to the trader’s account, and every trade he makes is copied automatically and proportionally according to the capital.
3. Commissions: The professional trader receives a percentage of the followers’ profits as a reward (usually a pre-determined percentage).
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Advantages of copy trading on Binance:
✅ Suitable for beginners.
✅ Save time and effort.
✅ Transparency: Trader performance and history can be viewed.
✅ Automatic copying of trades without manual intervention.
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How to use the copy trading feature:
1. Open the Binance app or website.
2. Go to the “Copy Trading” section (available in some countries only).
3. Choose a professional trader based on performance, profit margin, and number of followers.
4. Click “Follow” or “Start Copying”.
5. Specify the investment amount and other settings (such as risk ratio or maximum loss).
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Important alerts:
⚠️ Profits are not guaranteed - markets are volatile.
⚠️ A trader should be chosen based on his actual performance, not just the number of followers.
⚠️ Performance should be monitored periodically and you can stop copying at any time.
