**Introduction:**
Copy trading on Binance allows you to follow and replicate the trades of successful traders. With just a few clicks, you can allocate funds and have the trades automatically copied to your account. Hereâs how you can get started, especially if you've already set up your Binance account and deposited USDT.
**Step 1: Access the Copy Trading Platform**
- **Login** to your Binance account and navigate to the [Trade] section. From there, select the **[Copy Trading]** option.
**Step 2: Choose a Trader to Copy**
- Review the list of available lead traders. Youâll find key metrics like **ROI, PnL (Profit and Loss), Win Rate, and the number of positions** they have opened in the last 7 days.
- For example, you might find a trader like **Tony-Stark** with metrics showing a 4.57% ROI, a 75% Win Rate, and a Profit Sharing rate of 10%. This gives you a clear picture of their performance and potential profitability.
**Step 3: Review and Adjust Settings**
- Once you select a trader, you will need to **allocate the amount of USDT** you wish to use for copy trading. The minimum copy amount is usually displayed; for instance, you might see a **minimum of 10 USDT**.
- **Profit Sharing:** Understand that a portion of your profits (e.g., 10%) will go to the trader as a fee for their strategies.
**Step 4: Start Copying**
- After setting your parameters, click the **[Copy]** button. Your funds will be automatically used to replicate the selected traderâs positions.
- You can also use the **[Mock]** feature to simulate copy trading without using real funds, helping you get comfortable with the process before committing actual money.
**Step 5: Monitor Your Trades**
- Even though the process is automated, itâs important to regularly monitor your performance. Check the ongoing trades, profits, and make adjustments as necessary by accessing your portfolio.
**Conclusion:**
Copy trading on Binance is an excellent way to leverage the expertise of seasoned traders. By carefully selecting the right trader and keeping an eye on your portfolio, you can optimize your returns with minimal effort.
