Copy Trading on Binance is a process that allows you to automatically copy the trades of professional traders. Here are the steps on how to do it:
1. Go to the "Social Trading" section:
From the Binance homepage, go to the "Social Trading" or "Copy Trading" section through the top or side menu.
2. Choose traders to copy their trades:
You will find a list of traders who allow others to copy their trades. You can filter the options based on performance, strategy, or type of trading.
You can view details about each trader such as returns, risks, number of followers, and time spent trading.
3. Choose a trader and start copying their trades:
Choose the trader you like and click the "Copy" button.
Determine the amount you want to invest in copying their trades, and confirm your choice.
4. Manage copies and track performance:
After you start copying trades, you can track their performance through your dashboard.
You can modify copy settings such as the invested amount or stop copying at any time.
5. Interaction with multiple accounts:
You can copy deals from several traders at the same time, and diversify your strategies as you wish.
Copying is fully automated after you specify the amount and traders, which gives you the opportunity to benefit from the experience of professional traders without having to trade yourself.