How to Copy Trade on Binance: Complete Guide for Beginners

[00:02] an MCQ question paper in front of you. There are four answers, like who, as I said, are among the millionaires, please give one answer out of four. But here you neither have a phone nor a friend nor do you have any helpline. You have

[00:15] no option and you don't know the answers. What will you do now? One way you have is to tick anything and get ready to fail because chances are that you will fail. If you tick anything randomly. Now even if you scratch your brain, you will

[00:29] not get any answers. What is the second method that a person is sitting in front and giving the exam. Now you can see his complete answer sheet. He is making notes, doing calculations, doing calculations on the calculator and then going and ticking a box.

[00:45] You can see it and when you see it clearly, what will you choose I will leave it to my luck. I do n't get the answers. I get anything done by ticking. But what will most people do? If I can see the answer and feel that the other person

[00:59] see the answer and feel that the other person knows the answer then I will copy it. Now many people might have done this in the exam. But in real life we ​​do not have such an option. We are struggling financially. We are not able to understand

[01:13] that the question is to earn money. Answer: I do n't know how to earn. When we talk about trading, we don't have time. Charts are not understood, mistakes are made. And what happens next? We fail in real life exams. But there

[01:28] is a concept inside trading called copy trading. You can copy the same concept for which you get the answer. So should we understand this concept ? Look, there

[01:44] is no option of copy trading in the Indian equity market. But in India, you can do copy trading legally in the crypto market. And that too on the world's largest crypto exchange. Yes, I am talking about Binance. When we talk about Binance,

[01:59] you can buy and trade crypto on Binance. Everyone knows this. But very few people know that there is an option of copy trading on Binance. Now I explored copy trading yesterday and I really

[02:13] enjoyed it so I thought I should make a video on it. Yesterday I put in $ Let me show you an overview of the entire copy. I will show the performance. Well, I just put $10 into another position. I will show you that too. I just

[02:26] took this position a few minutes ago. So if you go to the order history and see, the timing is currently 449 and here you can see 4:42. So just a few minutes ago I took a position and I thought, no man, this concept is

[02:40] interesting. I should tell this to people because I just took the position. Each position is giving a return of 20%. One is giving a return of 9% and I invested only $10. So I thought, no man, this is something which you should also learn. Secondly, I've got

[02:53] some $11 from yesterday till now. Yesterday I only put in $1. So I also made a net profit of $11. Returns above 10% in 1 day. You can see this. This is where I put in $1. Here I can show you my positions in full. These positions are

[03:07] ongoing and you can view the entire order history. Multiple positions have been taken here. But despite that, $1 is still made here. So what is happening now? How to do copy trading here? Let me show it to you once again. When you

[03:19] go to Binance, you click on copy trading , a window like this will open in front of you. You will see a lot of traders here. If you look here, you can keep looking at one page, two pages. What do you have to look at? First let me

[03:32] explain to you what you have to see. You should not get attracted only by the returns like look at this trader's return in 7 days, it was 28% , 12%, 200%, you should follow him. Now here instead of seven, I will say minimum 30 days, you should

[03:45] give priority here as to who is making money in the last 30 days. If you feel that even one month is less, then you can also go and see the returns of 3 months to see who is making money in 3 months and what is the graph going on and who is making money in the last 180 days or 6 months

[03:59] ? Whose returns are consistent? So look at this graph, there are consistent? So look at this graph, there huge profit might have been made in one coin. This is not consistent. So I am not very interested in following it.

[04:13] Rather I am more interested in following this guy who has made a return of 88%. What is the second thing you need to look at? Drawdown. The drawdown within 6 months is only 25%. 25% in crypto is fine. So the lower the

[04:27] number, like 10%, the better. But the performance has just begun. So I want consistent performance. Like here it is consistent but there is a drawdown of 43%. So take your time. Choose a person who has low drawdown and good returns. So let's say

[04:42] this is a woman here. It doesn't matter to me. He has seats open for 300 people here so that 300 people can copy him. 270 people have already arrived. So now here I want to copy these, let's say. So one

[04:56] thing happens here. It is already written what is the minimum fund requirement? Like it's saying that you can copy me for a minimum of $200. Right now there are such I have copied, let me show you my portfolio again.

[05:13] copied the ones I did for just $10. Ok? So you will also get the option of $10. Right now I copy these. I put $200 in here. The

[05:25] first thing it asks here is whether you want to take the existing position or take only the new positions that come up. I say yes, copy the existing positions. Rest, you can put your stop loss here if you want and here in the advanced settings

[05:38] you will also get the option that if you get a profit of 50% then exit. You can also put it here in this way. I'm not putting anything up for now. And I simply go

[05:51] here and click on copy. I copied it here. And that's it. Now I can go and see my portfolio. As soon as I go to the portfolio, see, these positions of theirs would have come to me also.

[06:06] Look here I click on portfolio. copy overview here, this will show my overview. So I copied these. Keep one thing in mind. There is something called copy trading. As soon as I see B

[06:22] copied it, you will click on expand details. These positions which were going on with them, I suddenly came here. profit and loss is also going hand in hand. 0.4% Return 0.4% Negative 0.3% Return There are three coins in play here. Here also you can see that the

[06:38] position is running in two coins. Positions are running here as well. So now my real easy to start trading here. I said there is one important thing, please keep that in mind. Whatever profit you make, 10% of it will be taken by those whom you are copying.

[06:51] So this may be more or less. So keep in mind that brother, if you make a profit, then if you make $1, then $1 will become theirs. So it is important to keep this in mind. If $1 is earned then they also earn $10. That's why they are letting you copy their system.

[07:06] So what can you do by going here? You can easily go and see who all the traders are. Whose performance is going on? Have to see according to PNL. accordion. We have to see according to how many people are copying.

[07:18] ratio has to be seen accordingly. You can see all of that here. So I told you one thing, please keep the graph in mind. It should not happen that if you have just started then whatever traders you see like Max here. It is visible very little. It looks like 5%.

[07:31] So even if you do n't want to do real trading, you should not copy it. then this will be a demo so that you can see that the performance is going well. Then you no hurry. So if you click on copy, the same options will appear here. Now, like, I can

[07:46] copy it for just $10. So that's my choice that I want to copy. And if you want to remove the low liquidity symbol then you can tick it. I copied it. I just copied it to the default. Done. It's that simple. So this is the

[08:00] complete system of copy trading. Your performance will also be visible here. The trades will also be visible to you. And this is a very interesting concept. One more good thing here is that if you feel that you

[08:14] are a good profitable trader then you can become a leader here also. This is also an option. You also get commission in that. You also get profit sharing like this. So this advantage is also open to you in Binance. If you feel that yes I can

[08:27] also be a leader you can try. Now the best thing here is that when you go and open an account through Finance, the link given below is in the description pin comment, you get airdrops. Now this AirDrop is not the AirDrop that the iPhone uses.

[08:41] Headphones Here, free cryptos of any new coins launched are credited to your account. Then you can sell them. Meaning, in a way you get money. Meaning, in a way you get money.

[08:54] list new tokens give them to people for their promotion. you look here in trades, you can go and trade in spot, you can can also do demo trading. What I found most interesting here is that when you

[09:09] trade futures and options here. You do n't just get Bitcoin here in options. Ethereum, BNB, Solana, XRP, Dz, all of these options are do trading. So those who want to trade

[09:26] because it is difficult to explain the whole Binance in one video. But if you want I should So you write yes in the comment. Now share this video so that people can understand copy trading

[09:38] no need to watch any other video. Like this video, subscribe this channel. Click on the video, subscribe this channel. Click on the bell icon. You go self-made and enjoy.