AI Summary
This video explains how to use Binance's Spot Copy Trading feature to generate monthly income by copying experienced traders. The presenter walks through account verification, selecting a trader to copy, setting up copy parameters, and managing risks with stop-loss orders.
Chapters
The video targets both beginners and traders who struggle to profit, introducing a Binance Pay feature for generating monthly income.
Users must have a verified Binance account. Verification status is shown in green under the account menu.
Navigate to 'Trade' at the bottom center, then select 'Copy' from the options. Choose 'Spot' copy trading, not 'Future' due to high risk.
You copy a trader's trades and pay them 10% of your profit. Binance facilitates spot copy trading for those without trading knowledge.
Check trader's portfolio: spot trading duration, number of current and past copiers, trading balance, profit sharing (10%), minimum copy amount ($10), ROI (e.g., 285%), total profit, and asset preference.
Muslim users should ensure they trade in halal tokens. The trader's history shows tokens like TST, Hamster, Peanut, TUT, but users can limit to preferred pairs.
Choose between 'Fixed Ratio' (proportional to trader's capital) or 'Fixed Amount' (same dollar amount). Fixed ratio is recommended for beginners.
Set a stop loss in percentage or USDT to limit losses. For example, invest $100 and set a $10 stop loss to uncopy if balance drops to $90.
After confirming with stop loss, the copy trade is opened. Monitor via 'View Details'. The trader may not open trades immediately.
Users can set pair preferences (e.g., BTC, ETH) to filter tokens. If the trader doesn't trade selected pairs, copy value may remain zero.
Click 'Stop Copying' to end the copy trade. Invested funds return to Spot Wallet.
Binance Spot Copy Trading allows users to profit by copying experienced traders with minimal effort, but careful selection and risk management are essential.
Clickbait Check
85% Legit"Title promises a method to generate monthly income, and the video delivers a practical guide to Binance copy trading."
Mentioned in this Video
Tutorial Checklist
Study Flashcards (6)
What is the profit sharing percentage for the trader you copy on Binance?
easy
Click to reveal answer
What is the profit sharing percentage for the trader you copy on Binance?
10% of your profit.
02:40
What is the minimum copy amount for spot copy trading on Binance?
easy
Click to reveal answer
What is the minimum copy amount for spot copy trading on Binance?
$10.
04:30
What is the difference between 'Fixed Ratio' and 'Fixed Amount' in copy trading?
medium
Click to reveal answer
What is the difference between 'Fixed Ratio' and 'Fixed Amount' in copy trading?
Fixed Ratio copies trades proportionally to the trader's capital; Fixed Amount copies the same dollar amount regardless of trader's capital.
06:27
How can you set a stop loss in Binance copy trading?
medium
Click to reveal answer
How can you set a stop loss in Binance copy trading?
You can set a stop loss as a percentage or a fixed USDT amount during the copy setup.
07:24
What does a 'Copy' button with a lock icon indicate?
hard
Click to reveal answer
What does a 'Copy' button with a lock icon indicate?
The trader's copy slots are full or there is another issue preventing copying.
03:06
How can you check if a trader trades specific tokens like BTC?
medium
Click to reveal answer
How can you check if a trader trades specific tokens like BTC?
View the trader's 'Asset Preference' and 'Trade History' in their portfolio.
10:37
💡 Key Takeaways
Copy Trading Mechanics
Explains the core concept: you copy a trader's trades and pay them 10% profit.
02:40Trader Evaluation Criteria
Provides key metrics (ROI, profit, copiers, balance) to select a reliable trader.
03:47Fixed Ratio vs Fixed Amount
Clarifies two copy modes, recommending fixed ratio for beginners.
06:27Stop Loss Importance
Emphasizes setting a stop loss to limit losses, especially for beginners.
07:24Full Transcript
[00:01] brother, today's video is going to be very important for you because today's video is not only for beginners but also for those people who trade crypto but are unable to make profits. Today I will tell you about one such feature
[00:14] which you get on Binance Pay and if you use that feature smartly then Inshallah you can generate good monthly income. What tool go to the screen and see it practically. But before going to the screen,
[00:28] a small request. If you haven't subscribed to the channel yet, please do so. free of cost. Whenever a new video is released, you will get timely notifications. One more thing I would like to inform you and guide you here is that if you want to
[00:41] benefit from this Binance tool, then your Binance account must be verified. And if you have not yet signed up for a Binance account or have signed up but have not verified it or do not know how to verify it, then there is no need to worry.
[00:53] I put the link to the video in the description. Go create an account now. If you have If your account is verified, then brother, if you start the method that I am telling you today, then is verified, then brother, if you start the method that I am telling you today, then
[01:08] So let's not waste time and move towards the screen. Yes, we have come on whether our account is verified or not? And how will you know whether your account is verified or not. First of all, three lines are visible on the top left side.
[01:22] Click on this in the menu bar and here you will see that 'Verified' is written in green color below Meet Moguls. I hope you will see ' Verified' written below your account also. Once your account is verified, you have to go to the back. As soon as you
[01:35] come to the back, at the bottom, it is written 'Trade' at the bottom in the center. If you click on Trade, you will get some options here. Support convert, copy, bots, p to b alpha. We have already made videos on boats. Still,
[01:48] if you don't know how to use bots, then I will make a fun video on that too. Let me know in the comments. If you write bots, I will know. We will click on copy because our topic today is copy trading. Copy trading is a feature in
[02:00] What does one have to do for hire? It has to be copied. Have to follow. Whatever trade he makes, the same trade starts from our wallet also. We will come to the copy. As soon as you come to the copy, you will see how many people you
[02:13] But you people have to take care of one thing here. Above you will find Spot and doing it a little bit. You can see Spot and Future written above. Sorry, like spot and
[02:25] future, you will see that you should never go into future because it also very risky from financial point of view. So you have to stay on the spot. And coming to the spot, there are all these people who offer you the facility of spot copy trading.
[02:40] brother? You copy the person who is trading and give him 10% of your profit. Binance is such a great exchange that it gives you a feature of spot copy trading. Especially for those people who do
[02:54] not know trading. Those who do not know how to do it , how to open a trade, how to close it , how to place a stop loss. Meaning those who do not know any technical thing. But they have $1 lying with me, sir. I have $200 lying around. Do you know how I can
[03:06] today's video is for you guys. Look at this carefully. ok sir. Now whatever you want to copy, simply write the word copy in front of it. I have to pay tax on that. The means that its slots are full. It is not giving you the copy facility or
[03:21] some other issue is occurring in it. It can get locked due to many reasons. ok sir. It could be a region point view or anything else. Well, let's click on this BTC 330K one. Let's copy, it is not like that you click on copy and it will be copied. Ok
[03:35] ? Here it is also guiding you itself. Now here, before copying anyone, it is important for us to know some things about him. For that, let us go back a little and check this guy's portfolio a little. We
[03:47] click on its name. We are coming to know that brother, he is doing spot trading. How long has it been since you started trading ? Although it may have been longer, it has been ? Although it may have been longer, it has been
[04:00] ? 214 How many maximum can you do? 300 How many people have copied it till date ? 531. Now you will say, Sir, 300 people can copy this. 531 How do you copy brother? If you don't like it, you destroy the copy. So this has been
[04:16] copied by 531 people before. Many of them have left and still 214 are left. Those who suffer losses leave and run away. After that the next thing to check is with how much balance is he trading ? Brother, it has 1684 and if you
[04:30] look at its profit sharing, then brother charges 10% profit from you. What is the minimum copy amount? Yes, if you have $10 then you can trade it even at 10/100. ok sir. 10 to $100 after that is the last trade. But
[04:45] I will tell you this thing further whether this tool of Binance will allow us to trade from $10 Maybe they just updated it. After that, the performance. It has ROI. The ROI is very good. 285% friend, if someone's RO is 20% then
[05:01] we say that brother he is an amazing trader. So brother, 285% good. How much profit did you make? $911 Now on what did he earn this $911? 1684 This is what you see as the leading balance.
[05:13] So what it means is that small traders are associated with it. I don't think we can do this with big capital. There is is its graph. Let us also check the graph of PNL. Look, the graph of PNL
[05:28] is also going up with time. Yeah, now asset preference what is this guy trading ? There is TST, there is Hamster, there is Peanut, there is TUT. It has traded within these tokens. But here, being a Muslim, we must also see
[05:41] that whatever trade we have to do, we have to do it in such tokens which are correct from the Islamic point of view also. Well, it is in our control. It is not necessary that he is trading. We also have to do it in those tokens. Will come down. Its entire trade history is
[05:54] available here. $23 it made in this. Ozzy gave it a $17 loss. Dash earned $49 for this. STX earned $1. Zen made a 5.1 party loss of $1.96. Peanut made it a loss of $94. Well that's the whole list and hamsters. Wow 151.59
[06:13] ok sir. Ok sir. You must have understood all these things. You must have found out. Now example, you have decided to copy this guy. So simply you will copy this. So simply you will copy this. You will click on copy amount. Now
[06:27] Copy amount will start from $ minimum. ok sir. After that let's What is the fixed amount? Let us understand a little about the concept of fixed ratio and fixed amount. Fixed ratio means that if that person has $1000 and he
[06:42] buys BTC worth $ out of $1000. Meaning he bought BTC worth $10% of his capital. But you traded with $. Now if you are trading from $00 and he is trading from $1000 and he bought BTC worth $1000 then you will buy BTC worth $10 from your $.
[06:58] Meaning it will work ratio wise. There is no fixed amount that if he buys BTC worth $ then BTC worth $1 will also be bought from your account. If you want that the person staying at the fixed amount should buy $1 worth of BTC and I should also buy $1 worth of BTC, then
[07:11] for that you will have to click on the fixed amount. Ok? But I will not recommend it to you. I would suggest sticking to a fixed ratio if you are a beginner. fixed bugs ? After that you have to enter the amount of $1 here. If you
[07:24] want to place your stop loss then you can place it here. Usually I say that But still if you are a beginner then you should not do it without stop loss. For example, you are investing $1. You say Sir I can do a $10 loss beer. Ca
[07:37] n't do more than this. So as soon as my balance reaches 90, I uncopy this and come back. I should stop copying. So you can put that here also. How much stop loss you want to place. You are investing in percentage. Have to invest in the amount. He is giving you both these options.
[07:49] Percentage or USDT If you write in USDT then you will write 10 USDT [nasal sound] loss is my minus for example whatever the amount will be, if you want to bet on 10 then bet on $10. If you want to bet on 90, bet on 90.
[08:01] You have to do whatever you feel like doing, lose as much as you can. ok sir. After that you have to keep the remaining things unchecked. Ok? Auto invest also has to be kept off. You also have to copy lead all holdings. After that I have read this one.
[08:15] You have to simply confirm by entering the amount here. Ok? And right now I have 0.09 USDT available showing here. Because of this I am not able to write any amount here. So let me So now you can see I have a balance of $420 and I will
[08:30] open my copy trade here with $ from this. Well, if you guys don't know how to make a deposit, then brother, there are countless videos on my channel. How to Deposit on Binance? You can go and see how to withdraw from Binance. Still I do
[08:42] n't understand. Write me a deposit in the comments. I will make a video on this as well. Ok ? The more you request, the more I will do. Now we place our stop loss here. Place a stop loss of 10%. Ok? And here
[08:54] we will simply click on confirm. And see, our trade has been opened and executed from here with a stop loss of 10%. Copy Trading Successful. What do we do now? We go to View Details. And look here, this show has
[09:07] And look here, this show has started. Now you will say that sir, this guy is not even opening the trade. It is coming out to be 0. Well brother, zero zero can remain zero zero for 10 days also. Even 1 day or 1 hour.
[09:23] already opened trades. Now he does n't have much money to trade. care of one thing. Why do I say copy trading? So that and copy it to someone. It is
[09:42] ok sir. This is an easy job. There is no tension in this. Now here you have a small arrow next to BTC. Click on this and its details will start appearing in front of you. We get into the settings. And
[09:54] you can do this setting before also. For example, pair preference, you say that Sir, I want these remaining tokens which I do not know. I don't know whether it is halal or haram. you want to trade in. BTC, Ethereum, BNB, whatever you select. Right now
[10:09] here we are not talking about which token is halal and which is haram. You have to those people have objection that Sir, it contains all the tokens. How do we know if can limit it. Well, this thing can also happen that when you select this and
[10:24] confirm it, then it is possible that your trade value may remain 0 because this person is not trading BTC at all. So if you want someone who trades only BTC, then you will have to find someone whom you can copy. How to
[10:37] where his portfolio is coming up. Let me tell you again. For example, See this, its assets preference is coming. This guy is currently trading on TST Hester P Ne TUT. I am not able to trade on BTC. Ok? Come down. Let's come to
[10:51] trade history. This is its trade history. Ok? history of copy trading traders comes into play. So, from here, based on his history and asset preference, you can get an idea whether this guy is trading BTC or not. Now if
[11:04] trading BTC, then it is necessary for you to come back from here. After that, if you feel like stopping copying it, friend, it is not working. So, simply click on Stop Copying here. He will ask you and you will confirm, then the
[11:17] $ you have invested will go back to your Spot Wallet. You here you can see I will click on my copy. No one is coming to my copy at this time.
[11:29] Whatever was there has been closed. So I hope you have understood things. you can ask any question in the comment section. Inshallah I will meet you. Take great care of yourself in the next video. Long live Pakistan.