Copy Trading Explained: Follow Experts
40sDirectly addresses the common fear of investing by offering a simple solution—copying experts—which is highly relatable for beginners.
▶ Play ClipAI Summary
This tutorial explains how beginners can use Binance's spot copy trading feature to automatically copy trades from experienced traders. The presenter, Kashif Majeed, provides a step-by-step guide on setting up an account, selecting profitable traders, and managing investments.
Chapters
[00:03]
Introduction to Copy Trading
The video teaches beginners how to follow expert traders and copy their trades automatically, eliminating the need to trade manually.
[00:54]
Account Setup on Binance
Steps include clicking the Binance join link in the description, entering email, verifying via code, setting password, installing the app, and completing KYC with CNIC and live verification.
[01:35]
Accessing Copy Trading Feature
After logging into the Binance app, users should search for 'copy trading' in the search bar or under 'More Services' to find the feature.
[02:25]
Switching to Spot Copy Trading
Users must change the default futures setting to spot trading to engage in spot copy trading.
[03:20]
Selecting a Trader to Copy
Key criteria: number of copiers (preferably near capacity), 30-day ROI (e.g., 29%), and profit sharing (typically 10%).
[04:02]
Fixed Ratio vs Fixed Amount
Fixed ratio is recommended for smaller investments; fixed amount allows setting a specific dollar amount per trade. Profit sharing is 10%.
[04:31]
Setting Stop Loss
A total stop loss of 50% is advised to limit losses, as experienced traders often recover from drawdowns.
[06:15]
Portfolio Diversification
Do not invest all funds in one trader; diversify across multiple traders to spread risk.
[07:07]
Stopping Copy and Withdrawing Funds
To stop copying, click 'Stop Copy' and confirm; funds are returned to the spot wallet. Users can also adjust balance to add more funds.
Spot copy trading on Binance allows beginners to profit by automatically copying experienced traders. Diversifying investments and setting stop losses are crucial for risk management.
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Mentioned in this Video
Tutorial Checklist
1
00:54
Click the Binance join link in the video description and create an account using your email.
3
01:35
Log in to the Binance app and search for 'copy trading' in the search bar or under 'More Services'.
5
03:20
Select a trader based on number of copiers (near capacity), 30-day ROI, and profit sharing (10%).
6
04:02
Choose 'Fixed Ratio' for small investments or 'Fixed Amount' for a specific dollar amount per trade.
Study Flashcards (10)
What is the first step to start spot copy trading on Binance?
easy
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What is the first step to start spot copy trading on Binance?
easy
Click to reveal answer
Click the Binance join link in the video description and create an account using your email.
00:54
How do you access the copy trading feature on Binance?
easy
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How do you access the copy trading feature on Binance?
easy
Click to reveal answer
Search for 'copy trading' in the search bar or under 'More Services' in the app.
01:35
What setting must be changed to use spot copy trading instead of futures?
easy
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What setting must be changed to use spot copy trading instead of futures?
easy
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Change the default futures setting to spot.
02:25
What three criteria should you consider when selecting a trader to copy?
medium
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What three criteria should you consider when selecting a trader to copy?
medium
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Number of copiers (near capacity), 30-day ROI, and profit sharing percentage (typically 10%).
03:20
What is the recommended total stop loss percentage for copy trading?
easy
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What is the recommended total stop loss percentage for copy trading?
easy
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50%.
04:31
Why is it advised to set a 50% stop loss instead of a smaller one?
medium
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Why is it advised to set a 50% stop loss instead of a smaller one?
medium
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Because experienced traders often recover from losses and go into profit, so a larger stop loss prevents premature exit.
04:57
What is the difference between 'Fixed Ratio' and 'Fixed Amount' in copy trading?
medium
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What is the difference between 'Fixed Ratio' and 'Fixed Amount' in copy trading?
medium
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Fixed ratio is a percentage of your balance per trade; fixed amount is a specific dollar amount per trade.
04:02
How do you stop copying a trader and withdraw your funds?
easy
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How do you stop copying a trader and withdraw your funds?
easy
Click to reveal answer
Click 'Stop Copy' and confirm; funds are returned to the spot wallet.
07:07
What is the profit sharing percentage mentioned in the video?
easy
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What is the profit sharing percentage mentioned in the video?
easy
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10%.
04:02
Why should you diversify your investments in copy trading?
easy
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Why should you diversify your investments in copy trading?
easy
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To spread risk across multiple traders, as per the saying 'don't put all eggs in one basket'.
06:15
💡 Key Takeaways
🔧
Selecting a Profitable Trader
Provides actionable criteria (copiers count, ROI, profit share) for choosing a trader, which is critical for success.
03:20
⚖️
Stop Loss Strategy
Recommends a 50% stop loss, explaining that experienced traders recover from losses, which is a key risk management insight.
04:31
⚖️
Portfolio Diversification
Emphasizes not investing all funds in one trader, a fundamental investment principle to reduce risk.
06:15
📊
Example of Profit and Loss
Shows a real example with a $41 profit and explains profit sharing, demonstrating how copy trading works in practice.
02:38Full Transcript
[00:03] worrying that if I invest in it or video is quite important because here I am going to teach you how you will follow just experts and
[00:16] you will be following their trades. Whatever trade he takes will be your trade too and because we have this thought in our mind that we cannot take the trade ourselves. So we can just copy any senior and trade whatever we have with him. So
[00:29] I am going to teach you today, Insha Allah. My name is Kashif Majeed. Subscribe to this channel want to do our paid courses then there are different courses that we offer video, if you understand it and want to learn more then you can
[00:42] This is our website.com Our WhatsApp numbers are Well, the first step is that take you on my mobile and teach you step by step. You simply have to
[00:54] open the description of the video and the binance joining link will be visible here. You have to After that, as soon as you click on the link, Where it will be asking you to add your email address. Here you have to
[01:07] add your email address. Then after that a code will come to your email address. ask you to enter your password. You have to write that and keep saving those things so that you do not forget them later and after that your account will be created. Then it will ask you to do
[01:20] install the Binance app from Play Store or Apple Store and then you have to do you have to upload your CNSC, then after that live verification happens and your account gets verified. Then what you have to do is simply
[01:35] open the Binance app. As soon as you open the Binance app, this kind of interface will appear in front of you. You have to login to your account in it and if you look at the different options here, all the options will be visible to you. Binance has a home feature. Then there are
[01:48] markets, there are trades. Where do you want to go inside this ? Basically, you have to search in the service that you are getting at the top, if copy trading is written then you have to go to that. If it is not written then you have to come to More and search whatever is there.
[02:00] we write copy trading. Look, it has come here. If you are not getting extra then you will have these three lines. You have to click on it at the top and here also you will see More Services appearing below. You can search here also. Ok
[02:12] ? As soon as you search here, copy trading will appear in front of you. tell you that brother, these are daily picks, which means you can trade with these people. So right now we say that brother, don't make us do this
[02:25] show and we do n't want to trade like this. What we have to do is that where it is written above, we have to change the futures and make it spot. so we will trade in spot. Now if you see here,
[02:38] I have totally copied it. I have a balance of Rs 131 here. trades whether I have made profit or loss or what has happened. If trade going on in which I have invested $ and now my
[02:52] available balance has become 31. 131 okay and what I have is a net profit of 31. The total was 34 but we shared 10% of the profit. The person who places the trade for you keeps that much profit from it. After that
[03:06] I have to close some trades also. You see, overall I have made a profit of $41. But below So there is loss as well as profit in this. But you have to choose a good person. you have to come to Simply Portfolio. And here we choose now, man. Ok? With
[03:20] see the expert you have to see three things. First of all, you have to see how many people have traded with that person. If you look here, it is 300/300. Meaning, all the guys are full with it. You can see below that these are also full. Now you have to select that person
[03:33] with whom there is a margin of one or two. For example, if we look at Ismail Slahi, 498 out of 500 people have traded with it. The first thing would be is also a gap of one or two people in this. Then after that you have to see what is the 30 days ROI i.e. return on
[03:46] how much profit you have got on the investment. So in 30 days this guy has given 29% profit ? After that, when you have selected this, then you have to click on copy. two types of options will appear. A fixed ratio is a fixed amount. It is
[04:02] written above that profit sharing is 10%. That means we will have to give 10% to this guy. Whatever our take it only if he earns the profit. So that's why it became 10%. Now if you have select fixed ratio. And if you have less investment then you have to
[04:16] teach you both. What is inside the fixed ratio? Where the copy amount is written. Here you have to invest minimum $. What happens in this is that you give this person full freedom to
[04:31] in it, you can tell it to take the trade. After that, you should not click on auto investment from here. Coming down is the total stop loss. Ok ? You have to write 50 inside this. This means that you are placing a stop loss of up to $50.
[04:45] If it loses up to $50, then the trade will be closed and your remaining money will be credited to the spot wallet. If you want to take less risk in this then you can also invest 5% or 10% in it. But my experience is that if you
[04:57] person incurs loss but after some time you will see that this person will recover from the loss and go into profit. So that's why you always have to add 50 to it. After that you have to fulfill these terms and conditions and
[05:10] click on confirm. As soon as you click on confirm, it will appear that After that, if you click on View Details, it will appear here that how much is your ongoing. Earlier I had 131, now it has become 231. Ok? After that
[05:23] Closed will appear and Mock will be written. So what I have just applied is with smile slahi. we have to come back to the portfolio for the second one. Here we see that we get another guy now. It's like D Trump is written. Ok? Its
[05:35] ROI is also good and its previous investment is also good. click on copy it from here. Now we have to see the fixed amount by clicking on copy here. who want that brother, I should give a fixed ratio or a fixed amount to
[05:48] that person that brother, if he wants to trade for this much then it is best for him. And it is best for those who have a few dollars, 10, 15, 20, 30. so here you have to write 10. Ok?
[06:02] write 10. Now below you have to come under copy amount and write the number of dollars you have. For example, if you want to invest $20, you write $20. Ok? After that we will make the same stop loss 50% and then confirm it. One thing you should
[06:15] remember after confirming from here is that if you want to invest in spot copy trading then you should not invest all the money you have in it. Always diversify your portfolio.
[06:27] Keep it spread a little. Everyone says that a hen's eggs are slightly different. So, you have to can put some on different things. Ok? Let's go to C Portfolio here
[06:42] and if you see here, I have 251 invested now. Now I am that if Kashi Bhai has done it then we will 100% get profit. I am saying again that Majid profit as well as loss in it. Ok? If you see, I have made profit, that is why
[06:55] I am teaching this thing to you people. So in this way you people can use spot copy trading. Now when you make profit in this, you will want to take it out. So like this guy. Ok? It has
[07:07] So what I have to do is come to stop coping from here. confirm from here then my money will be returned. Ok? that no friend, this guy takes very good trades. What I should do is that I want to
[07:21] add more to it by going to Adjust Balance. So if Majid So right now this guy had taken trades which gave good profits. Now it does not take many trades so I will confirm it from here by stop copying it.
[07:34] So whatever money we have will be withdrawn from here. So now see, here I am left with 120 and if you see in the close, then approximately this one must have also come to me in the close. Like this guy also got close. Ok? So in this way
[07:47] you can do spot copy trading. I hope you understood the video. You guys should follow this. If you have any questions or are ask in the comment section below. Inshallah I will reply to you and help you.
[08:00] reply to you and help you. Thank you so much for watching. Allah Hafiz.