How to Copy Trade in Binance: A Step-by-Step Guide

Do you want to start copy trading on Binance but don’t know where to start? We’ll take you step-by-step through the entire process in this in-depth guide so you can start copy trading with confidence.

Step 1: Accessing Binance

First, ensure you have the Binance app installed on your smartphone. Once installed, open the app and go to the homepage.

Step 2: Navigating to Futures

On the homepage of the Binance app, find and tap on the “Futures” option, typically found on the bottom right corner of your screen.

Step 3: Initiating Copy Trading

Once you are on the Futures screen, look for the “Copy Trading” option. It is usually located on the top right corner of your screen. Click on it to proceed.

Step 4: Selecting a Trade to Copy

When you click “Copy Trading,” a new interface with a variety of transactions displayed will open. Analyze the offered trades carefully, then select one that fits your risk tolerance and investing style.

Step 5: Copying the Trade

After selecting a trade, tap on the “Copy” button. This will open a new window where you can adjust your stop-loss settings and the money you want to set aside for copying this transaction.

Step 6: Confirming the Settings

Ensure you have selected “Fixed Ratio” as your preferred copying method. Set your stop loss appropriately after entering the desired amount. After you’re happy with your options, check the box at the bottom of the screen to confirm.

Step 7: Finalizing the Trade

To complete the process, click on “Continue.” By doing this, the chosen trade will be copied to your account.

Step 8: Review and Manage

Well done! You’ve copied a trade on Binance successfully. Track the trade’s performance and make any necessary strategy adjustments. Remember that copy trading lets you learn from and maybe profit from the techniques of seasoned traders while utilizing their experience.

Conclusion:

You can now confidently use Binance’s copy trading tool by following these easy steps. Copy trading provides an easy-to-use method of participating in the bitcoin market, regardless of your level of experience or desire to diversify your investments.

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