Copy trading is the automatic copying of a leading trader's trade. From the investor's point of view, it looks like bot trading. You need to choose a leading trader and start copying their trades. I will share information that will help beginners not to lose money. 💰
Let's get started:
1. 👉 Do not copy with a fixed amount! This is only suitable for primitive strategies. It is unlikely that leading traders are using them now. The strategy may involve using different leverage and trade size for different assets.  Use a fixed coefficient. This will allow you to copy the strategy of a leading trader correctly.
2. 👉 Do not copy with a small deposit. Binance allows you to copy from $10, but this amount is enough to copy up to 5 trades. For example, a top trader's strategy may involve opening 20 trades simultaneously. This will not allow you to copy the leading trader's strategy correctly. Also, the minimum trade amount differs for each trading pair. For example, SOL/USDT has a minimum trade price of 1 SOL. If the price of SOL=200 USDT, you will need 40 USDT of free margin for a trade with leverage x5. Therefore, if you copy a top trader for less than 40 USDT, this trade will not be copied. If your copying deposit is 41 USDT, the SOL trade will open, but you will not have enough margin for other trades.
3. 👉 Do not manually adjust SL, TP, etc. This way you change the strategy of the leading trader. You will lose money.
4. 👉 Do not start copying if the leading trader has open trades. The coefficient is calculated from the free margin. If the lead trader has 90% of his balance involved in open trades. If he opens 1 more trade for 10% of his balance, then this is 100% of free margin for you, so you will open a trade for the entire deposit.
5. 👉 Periodically withdraw profits. The market is constantly changing. A strategy that makes a profit will start losing one day. Therefore, traders periodically change their strategy.
6. 👉 Do not copy scalper strategies. Due to the delay in opening a trade between you and the lead trader, your trades may differ by seconds or several price points. The lead trader may earn a few USDT, while you lose.

I can advise you to start copy trading with $200💵. Choose traders who trade assets with a lower contract price if you have a small investment amount. Read the description of the leading trader, it may indicate the minimum recommended price for copying. But remember the main rule of risky investments. Do not invest money that you cannot afford to lose.

PS: I shared with you my experience in copy trading. I hope it will save you from making the same mistakes as a beginner. I would be grateful for your advice, maybe I forgot to add something to the list.
#Copytrading #copytrade #CopyTradingDiscover #CopytradingSuccess #CopyTradingGuide