**How to Start Copy Trading and Select the Right Copy Traders on Binance: A Step-by-Step Guide**

Copy trading allows you to mirror the trading strategies of experienced investors. Binance, a major cryptocurrency exchange, offers a platform for copy trading. Here’s a step-by-step guide to getting started and selecting the right traders to copy.

### 1. **Create a Binance Account**

- **Sign Up**: Go to the Binance website or app and sign up by providing your email or phone number and creating a secure password.
- **Verify Your Account**: Complete the identity verification process (KYC) by submitting required documents and a selfie.

### 2. **Deposit Funds**

- **Navigate to Wallet**: Once your account is set up, go to the "Wallet" section.
- **Deposit**: Choose the cryptocurrency or fiat currency you want to deposit and follow the instructions to transfer funds into your Binance account.

### 3. **Access the Copy Trading Feature**

- **Go to the Futures Section**: Log in to Binance and navigate to the "Futures" section if you want to engage in futures trading, as copy trading is commonly associated with futures.
- **Find Copy Trading**: Look for the “Copy Trading” or “Strategy Trading” option within the Futures or Trading menu.

### 4. **Browse and Select Copy Traders**

- **Explore Traders**: Binance will present a list of traders with their performance statistics. Review their historical performance, trading strategies, risk levels, and portfolio composition.
- **Evaluate Performance**: Pay attention to metrics such as return on investment (ROI), trade frequency, and consistency. Look for traders whose performance aligns with your risk tolerance and investment goals.
- **Check Risk Metrics**: Consider the trader's risk profile and drawdown percentages to ensure they fit your risk appetite.

### 5. **Set Up Copy Trading**

- **Choose a Trader**: Once you’ve selected a trader, click on their profile for more details.
- **Allocate Funds**: Specify the amount of funds you wish to allocate for copy trading. Ensure this amount aligns with your investment strategy and risk management.
- **Adjust Settings**: Configure settings like the maximum amount per trade and stop-loss levels to manage your risk effectively.

### 6. **Monitor and Adjust**

- **Track Performance**: Regularly check the performance of your copy trading investments through the Binance platform. Monitor both the trader's performance and your account’s profitability.
- **Rebalance Portfolio**: If necessary, adjust your allocations or switch to different traders based on performance and changes in your investment goals.

### 7. **Stay Informed**

- **Follow Market News**: Stay updated with market trends and news that could impact your investments.
- **Review Traders Regularly**: Periodically reassess the traders you’re copying to ensure they continue to meet your expectations and risk criteria.

By following these steps, you can effectively start copy trading on Binance and make informed decisions when selecting traders to mirror. Always remember to start with funds you can afford to lose and diversify your investments to manage risk better.
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*Binance Announces Listing of Ton Coin on August 8*

*Introduction*

On August 8, Binance, one of the world’s largest cryptocurrency exchanges, made a highly anticipated announcement: Ton Coin (TON) will soon be available for trading on its platform. This listing marks a significant milestone for the Ton Coin ecosystem and is expected to have considerable implications for both the cryptocurrency market and investors.

*About Ton Coin*

Ton Coin (TON) is the native cryptocurrency of the Telegram Open Network (TON), a blockchain project developed by Telegram. TON aims to create a decentralized network that enhances scalability, speed, and efficiency for various blockchain applications. The project has garnered attention for its ambitious goals and potential to disrupt traditional financial systems and applications.

*Details of the Binance Listing*

1. *Listing Date*: Binance will officially list Ton Coin on August 8. The trading of Ton Coin will be available in several pairs, including TON/BTC, TON/ETH, and TON/USDT.

2. *Trading Schedule*: Deposits for Ton Coin will open prior to the trading launch. The exact timing for trading and withdrawal options will be detailed in Binance’s official announcements.

3. *Features*: The listing will include several trading pairs, allowing users to trade Ton Coin against major cryptocurrencies and stablecoins. This variety aims to cater to different trading strategies and preferences.

*Market Impact*

1. *Increased Accessibility*: Listing on Binance significantly increases Ton Coin’s exposure to a global audience. This move is likely to attract new traders and investors, boosting the asset’s visibility and market participation.

2. *Liquidity Boost*: Binance’s extensive user base and high trading volume are expected to enhance liquidity for Ton Coin. Improved liquidity can lead to more stable trading conditions and potentially reduce price volatility.

3. *Investor Interest*: The listing is likely to generate heightened interest in Ton Coin, both from new and existing investors. This can lead to increased trading activity and potentially impact the coin’s price.

*Conclusion*

Binance’s announcement of Ton Coin’s listing on August 8 is a significant development for the cryptocurrency market. It provides Ton Coin with a major platform for trading and could contribute to the growth and adoption of the TON ecosystem. As the listing date approaches,
market participants will be watching closely to see how this development influences Ton Coin’s performance and broader market trends.$