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50$ to 100$ daily earning in a day is easy to binance
Copy Trading spot + future
Copy trading allows users to copy the trades of experienced traders in real time. It's popular among beginners who want to use the expertise of professionals without needing in-depth market knowledge.
đBenefits
1. Learning Opportunity: Gain insights into trading strategies by observing professional traders.
2. Time-Saving: Automates trading for those who lack time to analyze markets.
3. Beginners can start trading without extensive knowledge.
4. Can follow and check multiple traders to spread risk across different strategies.
5. Many platforms provide performance metrics of traders to help users make informed decisions.binance too
Many disadvantages of Copy Trading
1. Dependence on Traders: Success relies heavily on the chosen traderâs performance.
2. Lack of Control: Limited ability to intervene in trades, which might lead to unwanted outcomes. Copiers can't any changing of expected lose.
3. Platform Fees: Some platforms charge fees for copy trading, reducing net profits.binance is 10%.
4. Market Risks: Even professional traders can incur losses during market downturns.
5. Overconfidence Risk: Copiers might take unnecessary risks, assuming all trades will be profitable.
Advice to Copiers
1. Research Thoroughly: Study the trader's historical performance, strategy, and risk profile.
2. Understand the Market: Learn basic trading concepts to evaluate copied trades effectively.
3. Set a Budget: Invest only what you can afford to lose; avoid over-leveraging.
4. Diversify: Follow multiple traders to mitigate risks from poor performance by one.
5. Monitor Regularly: Donât rely entirely on automation; review trades periodically.
6.Some copy traders use heavy leverage this is very risky to small traders .also checking copy who use low leverage , I'm post other one artical explain this
