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Copy trading on Binance Futures allows you to automatically copy trades of experienced traders (lead traders), optimizing the learning and investing process.
Our new Search feature makes it easy to select and track the best lead traders through an easy-to-use interface. Now users can view traders' profiles even more conveniently.
Users can explore available strategies through detailed portfolio metrics and use the trading simulator to practice copy trading in a realistic virtual environment.
This is a general announcement. Products and services mentioned herein may not be available in your region.
At Binance, we are committed to making trading more accessible and efficient. We recently introduced Futures Copy Trading, an effective tool that allows users to copy the strategies of more experienced traders.
We're excited to introduce another new feature: Search. It is designed to make futures copy trading even simpler and more convenient. This new feature makes it easier to find and track top-performing lead traders with a swipe-based interface.
The launch of the Search feature underscores our commitment to providing a seamless user experience by providing direct access to expert trading data. Later in the article we will tell you more about our new tool for exploring the world of cryptocurrency futures!
What is futures copy trading
Copy trading is a feature on the Binance Futures platform that allows you to automatically copy trades of more experienced traders (lead traders). When a lead trader makes a trade, the same trade is repeated on his follower's account based on the proportional amount of the investment. If the lead trader makes a profit, then the follower also makes a profit from the copied trades (or both suffer losses).
Copy trading is especially attractive to those new to futures trading, as well as those who want to benefit from the decisions of experienced traders without the time and effort of researching information and executing trades on their own. Copy trading allows you to develop trading skills and learn in real time from the strategies of experienced traders. For more information about copy trading and its benefits, check out this article.
The Need for Innovation in Copy Trading
Since the launch of copy trading in October 2023, one problem has remained unresolved: new users are faced with the overwhelming amount of information available! There are many lead traders on our platform, and new traders have to spend a lot of time and effort finding traders with the right level of experience and knowledge. This problem was compounded by an insufficiently user-friendly interface, which made the process of selecting lead traders even more difficult.
In the context of digital asset trading, information is critical and users need clear and structured data to make informed decisions. Recognizing these challenges, we decided it was time to update our copy trading solution by streamlining the search process, prioritizing it, and ensuring a great user experience.
Introducing Search: a feature for selecting the best lead traders
The Search feature is designed to help users find the best traders in the crypto industry. It simplifies the process of finding lead traders by offering a simple and user-friendly interface.
Users can easily view lead traders' profiles by simply swiping left or right. A swipe left takes you to the next trader's profile, and a swipe right adds the lead trade to your favorites, where the user can view their profile again.
This interface makes browsing profiles more fun and encourages users to study the strategies and metrics of lead traders.
Search also makes it easy to view detailed portfolio metrics for each lead trader. Users can explore performance history, trading strategies, risk management techniques and other information in a clear and informative manner. This helps users make better decisions based on available data.
Users who want to take advantage of this new feature can click âSimulatorâ on the trader card to test trading with virtual funds, or click âCopyâ and start trading for real. Test trading allows you to practice copy trading in a realistic virtual environment without risking your own funds.
Step-by-Step Guide: How to Use Search
Using Search on Binance Futures is very easy. Here's a simple step-by-step guide:
1. Log in to Binance Futures (on your mobile device). The Search feature is designed for mobile devices, so log in to the Binance app first. Then go to the Futures section. Make sure you have the necessary settings for futures trading.
2. Open Search. Find the "Search" function at the bottom of the main copy trading page. It is clearly highlighted and you can easily find it.
3. Start swiping. In the âSearchâ section you will see profiles of lead traders. Swipe right if a trader interests you and you want to follow his trades. If you want to move to the next trader, swipe left.
4. Use a trading simulator or copy trading. In a trader's portfolio, you can participate in test trading with virtual funds or start real copy trading. A trading simulator is a great way to practice without financial risk.
5. Manage your Favorites section. Traders you swipe right are added to your favorites. You can return to these profiles at any time and view or adjust your copy trading settings.
By following these steps, you can easily navigate the Search section and make smart decisions when choosing lead traders on Binance Futures.
âSearchâ and our vision of the future of trading
The launch of Search reflects our commitment to continuous innovation. We will continue to improve the accessibility of trading, making it more convenient and efficient for all users, from beginners to experienced investors. âSearchâ is another step towards our goal, designed to make copy trading even more convenient.
Our vision for the future of commerce goes beyond introducing new features. We strive to create an ecosystem that meets the needs and desires of our community. Join and also participate in improving our platform. Your feedback and suggestions are very important to us as we take them into account when developing new features.
Conclusion
Be the first to try the Search feature and see how much it changes your copy trading experience. Whether you're new to futures or looking to diversify your strategies, Find can help you discover new opportunities and find the best traders in the crypto community. Stay tuned and provide feedback to help us build the future of trading on Binance.
Additional materials
Risk warning. Digital asset prices are volatile and involve high market risk. The value of the funds invested may go up and down. You may not get your invested funds back. You are solely responsible for your investment decisions. Binance is not responsible for your possible losses. You should invest only in products that you know and understand the risks associated with them. Before investing, you should evaluate your investment experience, financial situation, investment objectives and risk tolerance, and consult an independent financial advisor. Trading by following and/or copying or replicating the trades of other users carries a high level of risk, even if you are tracking and/or copying top performing users. Such risks include the risk of tracking/copying trading decisions of possibly inexperienced/non-professional investors or investors whose ultimate goals, intentions or financial situation may differ from yours. Successful performance in the past does not guarantee the same result in the future. There is no cooperation between top traders and Binance. No guarantees are made regarding effectiveness or results. The materials posted on our platform do not contain advice or recommendations. This material should not be considered financial advice. To learn more, please read our Terms of Use, Risk Disclosure and Responsible Trading Guidelines .