I have no experience in trading and do not have enough time to learn it? Then follow the steps below to make a profit of 60% to 200% per month in cryptocurrency trading. I will discuss a method that no other innovator will talk about. But be careful not to misunderstand any step, because you may lose instead of profit. So, read each step carefully until the end.
I'm going to #IntroToCopytrading If you use it as required below, you can make up to 200% profit per month, otherwise you may lose your account. So read it carefully. There are two types of copy trading:
Spot Copy Trading
Future Copy Trading
I have gained experience in both spot and futures trading, but spot trading is the best and easiest to use. So, we will only discuss spot trading.
Trading with spot transactions:
The term spot trading is mainly used for a way in which we can copy the trades of chief traders who offer the copy option. Now we will discuss each step as mentioned in the table below:
What is spot trading on Binance?
How can I benefit from it as a beginner?
How to use spot trading effectively?
Profitable results for those who used the spot transaction trading option.
What is spot trading on Binance?
Instant Transaction Trading on Binance is a revolutionary feature that allows users to automatically copy the trades of expert and successful traders in real time. This service is ideal for beginners starting their trading journey, as well as for busy individuals who may not have the time to monitor the markets continuously. By leveraging the strategies and decisions of professional traders, Binance Spot Copy Trading can enable you to benefit from their experience without having to make trading decisions yourself.
Imagine being able to trade like a professional without having to spend hours analyzing charts, reading market news, or developing complex trading strategies. With Binance Spot Copy Trading, you can actually do that. This feature makes professional trading more accessible, making it easier for everyone to participate in and potentially profit from the cryptocurrency market.
How can beginners benefit from spot trading on Binance?
Are you new to cryptocurrency trading and looking for a way to get started with minimal risk and effort? Trading with spot transactions on the Binance platform is the ideal solution for beginners who want to participate in the cryptocurrency market without the need for advanced knowledge or experience. Here's how you can take advantage of this innovative feature:
1. Benefit from trading experts
As a beginner, understanding the intricacies of the cryptocurrency market can be confusing. With spot trading on Binance, you have the opportunity to learn from experienced and successful traders. By observing their strategies and decisions, you can gain valuable tips on how to filter the markets skillfully. Over time, you can use this knowledge to develop your trading skills.
2. Reduce the learning curve
Cryptocurrency trading involves a variety of technical analysis tools, market indicators, and strategies that can take months or even years to master. Trading with spot transactions on Binance allows you to bypass a large part of this challenge. Instead of spending countless hours studying and practicing, you can start benefiting from professional trading strategies right away.
3. Reduce risks
Risk management is a crucial aspect of trading, especially for beginners who may not have enough experience to effectively deal with market fluctuations. Spot trading on Binance often includes built-in risk management features, such as stop-loss limits, that help protect your investments from significant losses. Additionally, by choosing to follow traders with a proven track record of success, you can reduce the risks associated with making uninformed trading decisions.
4. Save time
One of the biggest challenges for beginners is finding the time to actively trade. The cryptocurrency market operates 24 hours a day, 7 days a day
week, which requires constant monitoring to take advantage of trading opportunities. With spot trading on Binance, there is no need to be glued to your screen all day. Trades are executed automatically in real-time, allowing you to benefit from market movements without having to devote significant time to trading activities.
5. Diversify your portfolio
Diversification is a key principle in investing, as it helps spread risk across different assets. For beginners, it can be difficult to know which cryptocurrencies to invest in. By copying experienced traders, you can achieve diversification in your portfolio. These traders may follow different strategies and focus on various cryptocurrencies, providing you with comprehensive market exposure.
6. Increase confidence
Getting started with cryptocurrency trading can be overwhelming, but using spot trading on Binance can increase your confidence. Knowing that your trades are in sync with those made by expert professionals can give you peace of mind. Over time, and as you see the results of these trades, you will gain confidence in your ability to navigate the cryptocurrency market.
7. Access detailed performance metrics
Instant transaction trading on Binance provides access to detailed performance metrics for traders that you can follow. This transparency allows you to make informed decisions about which traders to copy based on their historical performance, risk level, and trading style. By choosing traders who align with your investment goals and risk tolerance level, you increase your chances of success.
The best way to use copy trading effectively.
Follow the steps below to copy trades effectively:
Open the Binance app.
Add funds to your instant wallet in the form of USDT.
Go to the Trades tab from the bottom.
Select the Copy tab from the page header.
Select the “Instant Transactions” tab from the page header.
Now we need to check which boss trader is performing well. to do this. Follow next steps:
Click "Wallets".
Select a time frame of 90 days.
Select the "ROI" tab.
Now check out the top 5 traders in the following way.
Open your first trader profile.
Now check the following conditions:
1. MDD less than 10%. This will indicate that the trader is managing risks properly.
2. Winning rate is greater than 85%. This will indicate how many days he won.
3. The drinker ratio must be greater than 1.5%. A higher Sharpe ratio will indicate higher adjusted risk.
If the above three conditions are met, it is good, otherwise ignore it.
The trader must have at least 60 days of history.
Please also note that the graph should not have a slope of more than 60 degrees.
Add 3-5 of these traders to your favorites list.
Now follow these steps to copy trades:
Divide your portfolio into a number of equal parts over which you wish to copy trades.
Open your first trader profile.
Click "Copy".
Select a fixed percentage instead of a fixed amount for better performance.
Enter the amount you wish to copy trades for.
Place a stop loss that you can afford.
Select the pairs you wish to execute trades on. Recommended for all.
Check the Terms and Profit Sharing Statement box.
Click the confirm button.
Now you have nothing else to do. It is now a matter of implementation by key traders. Enjoy the profits. If you want to copy our trades, Click Here.
Profitability of copy trading:
Look at the results of this trader where his imitators made 4000 USDT. It is a stable income in the last three months. Even when the market fell by 4X.
Look at the results of this trader where his imitators made 1400 USDT. It is a stable income in the last three months. Even when the market fell by 4X.
Look at the results of this trader where his imitators made 993 USDT. It is a stable income in the last three months. Even when the market fell by 4X.
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Note: I am not a financial advisor, so do your own research before investing. Any financial ideas #MU_Traders shares are for himself and no one else. So, don't take it as financial advice.
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