💵What is Copy Trading

Copy Trading on Binance allows users to automatically replicate the trades of experienced and successful traders. Here's how it typically works:

1.👉 Choose a Trader:

Users can browse through a list of available traders, reviewing their performance metrics, trading strategies, and historical success rates.

2. 👉Allocate Funds:

Once a user selects a trader to copy, they can allocate a portion of their funds to follow the chosen trader's trades.

3.👉 Automatic Execution:

Trades executed by the chosen trader are automatically mirrored in the user's account proportionally based on the allocated funds.

4.👉 Monitoring:

Users can monitor the performance of their copied trades in real-time and make adjustments to their allocations or choose to stop copying a trader at any time.

This feature is particularly beneficial for novice traders who want to leverage the expertise of seasoned traders or for those who prefer a more hands-off approach to trading.