Copy trading on Binance involves copying the trading strategies of successful traders. Here's how it generally works:
1. **Choose a Trader:** Select a trader whose strategies and performance you want to copy.
2. **Allocate Funds:** Decide how much of your portfolio you want to allocate to copy trading.
3. **Copy Trades:** When the trader executes a trade, it's automatically replicated in your account proportionally to the amount you've allocated.
4. **Monitor Performance:** Keep track of the trader's performance and adjust your allocation or switch traders if necessary.
Remember to choose traders carefully, considering factors like their trading history, risk management, and overall strategy. Copy trading can be a convenient way to participate in the markets, but it's essential to understand and accept the associated risks.