Binance Copy Trading for Beginners

[00:01] I shared a last video with you about Binance. I showed that copy trading causes a lot of people to lose money. I mean, there was some misunderstanding among a lot of people in that video. I want to clear that up a bit.

[00:14] Well, one thing, let me tell you, look at my screen here. You can see that people are making profits here. Well, when there's a loss, I mean, I have a trader here right now.

[00:29] meaning he's losing 71,000 here. Well, one thing, many people here think that perhaps the loss goes people here think that perhaps the loss goes

[00:42] Binance. Sir, please first clear up this misunderstanding. Sir, your loss doesn't go to anyone, it goes to the person you're copying. The

[00:57] charges a fee for its trades. The rest of the losses go to the profitable traders there. Your losses go to them, right? It goes to the

[01:09] exchange. Okay, number one, and second, I keep getting even get personal messages saying, "Sir, we want to copy you. Please share your copy trading account." So, let me tell you, I do

[01:25] start a copy trading account, please let me know in the comments. If you're interested, I'll start. And let me tell you, I do n't take a lot of trades. I mean, if you see traders

[01:37] taking two or three trades daily, two of them are losing money and one is making a profit. I do n't have this kind of situation. I take a lot of trades within a week, I mean, if you're interested, I'll start. So I will take nine trades or 10 trades, if

[01:49] but Alhamdulillah my profit ratio is very high in that, okay, that means if I am taking six trades, then out of that, Insha Allah, four of my trades are confirmed in profit, it is possible that one or two trades may

[02:02] part of the market, it never happens that someone is going in 100% profit, okay, there are losses as well, there are some months in this, some traders give you a lot of loss, some months, but the next

[02:16] month, the same trader can take you in profit, okay, so that is why some months go in profit, some months can go in loss, so a similar scenario also goes on here and let me tell you one thing that whichever person you are copying here, the

[02:29] copy trading option comes on the fan, sir, there are many things in it. No, they're hidden. Now, if you look here, I opened a person. If you check his profit for 90 days at this time, he's making a

[02:44] we check his position history overall, all his trades are losing money. Okay, so what's there to talk about? If you look at the position history, check the trades he closed. How many losses did they have? But the losses are

[02:56] n't showing up here. Okay, there are a lot of these things. this guy is making a profit in 90 days." You'll pick him up and copy him, but you'll end up things like this. So, you should always copy someone you know,

[03:12] or you've already seen their trades, meaning they're going well. Check their complete history. Okay, then try to copy them. And there's one thing I want to tell you that's very interesting here. In copy trading, why do most people

[03:25] say that you should copy us or use copy trading? Okay, now let me For example, I created an account, I added myself there for $1000, and everyone followed me there. Now I placed a trade of $1000 there.

[03:41] For example, a loss of 10%, okay, I lost 100%. I loss of 10%, okay, I lost 100%. I also lost $100. It means that I also have to add my 000 there. When the trade is to be placed, I will also have to invest my

[03:54] money. Okay, what happened there? The loss was only $100. And along with that, you also lost 101 rupees. Whatever amount you invested, you also lost 101 rupees. It's done. Now what is going to happen? Next,

[04:08] for example, I placed the trade again. I placed the trade again. What did I do in it? You again placed 1000 rupees, as much as you wanted to invest. It means that The total trade that was placed again was for $30,000. The first one was also for $30,000.

[04:22] Okay, in that there was a % loss of 10% for me and 10% for you. I placed another trade for 30,000. What happened in that? We made a profit of 10%. Okay, now what profit is there in that, in the one you copied? It means I was the

[04:38] one who made a profit of $100 on my profit of 1,000, that means you guys invested 29,000. Okay, out of that too, I was supposed to make a profit of 10%.

[04:51] Okay, it means that my total profit was supposed to be 300. But what profit were you supposed to make? You were supposed to make profit only on the positions you had placed. Okay, what happens is that the exchange gives us a commission on 10% if we

[05:05] take the trade in profit. If we take it in loss, then we will also incur a loss. He will not get anything, the loss that occurs will go to those people who are in profit at that time. So the purpose of telling you all this is that

[05:17] you should try to learn trading yourself. Okay, learn to trade yourself and trade yourself. Whatever balance you have, try to stabilize it. It is best. But if you cannot do this, then you should turn to copying and

[05:31] bring that fund of yours which you can bear the loss because once your fund becomes zero because it involves future trading. If once your fund becomes zero, it will not be recovered again. Okay, those who are profitable traders, that is, like

[05:43] this person, he will say that friend, I had made a loss here, after that I made a profit and brought you to profit. But sir, those people whose accounts were washed out here, whose money was gone, sir, they will not come back again. Those people will automatically

[05:56] skip from here. Okay, they will come back in a new way and will invest their money again. All those things happen later. Okay, I mean, this scene is this. All of these things happen here. I've tried to explain the real concept,

[06:08] meaning this is the scene. Now, I would say that if you want to copy someone, try to copy someone who takes one trade a day. Do n't go for someone who takes multiple trades. If someone is taking two or three trades a day, then two are in

[06:20] profit. So, sir, you will ultimately be in loss. Try to follow someone who takes fewer trades but mostly makes profitable trades. So, want me to start copy trading

[06:34] and it's okay for you, I mean you want to follow me. Let me n't take a lot of trades. I trade very rarely, but Alhamdulillah, my you want me to start copy trading on which exchange

[06:48] you want, please let me know in the comments. I will definitely try to take the next step on this, Insha Allah. If you give me a positive comment, okay? Otherwise, if you like the video, please like the video. I'm definitely waiting for your comments. If you say so,

[07:01] Inshallah, I'll definitely start. And just for you, those who do n't know trading, first of all, my opinion is that you should learn yourself and then trade. These are 100% safe things, right? Otherwise, you won't have to give your money to anyone. Whatever profit you make will

[07:14] remain with you. But if you absolutely say you can't do it, then you should turn to copy trading. Share the videos as much as possible so that more people can benefit from it. Otherwise, if you want to learn trading, you

[07:26] can watch videos on my channel for free. I've guided everything for free. Watch these two videos, Inshallah, you'll understand everything for free, including how to trade. Otherwise, Inshallah, more videos keep coming daily. You must follow the channel

[07:39] so that you can see the next video that's uploaded.