AI Summary
This video explains how to use Binance's copy trading feature to profit from cryptocurrency trading without needing expertise. The presenter demonstrates his own safe trading strategy, earning $210 in 30 days, and provides a step-by-step guide on selecting traders, setting up copy trading, and managing risks.
Chapters
Copy trading allows users to automatically replicate trades of experienced traders, ideal for those who want profits without learning trading.
The presenter uses $11,000 capital, day trades with $1,000, and earned $210 in 30 days with safe, low-risk trades in Ether.
On Binance, update the app, go to More Services > Trade > Copy Trading to see available traders.
Check trader's open positions, position history, trade history, ROI, and PNL. Ensure the trader is profitable before copying.
Click Copy, choose fixed amount (minimum $10), set copy amount, and optionally set take profit and stop loss in advanced settings.
Users can stop copying anytime by clicking the arrow, then 'Stop Copying' to close the trade and take profits.
To be copied, click 'Become a Lead Trader', set a name, ensure at least $11,000 in spot wallet, and confirm.
Avoid greed; daily profit of $45 is enough. Don't panic during market dips. Consistency and patience are key.
Copy trading on Binance is a straightforward way for beginners to profit by replicating experienced traders. The key is to choose a profitable trader, manage risk with stop-loss, and avoid greed.
Clickbait Check
80% Legit"Title promises a way to profit without trading skills, and the video delivers a detailed copy trading tutorial."
Mentioned in this Video
Tutorial Checklist
Study Flashcards (7)
What is the minimum amount required to start copy trading on Binance?
easy
Click to reveal answer
What is the minimum amount required to start copy trading on Binance?
$10
07:31
What is the minimum spot wallet balance required to become a lead trader?
medium
Click to reveal answer
What is the minimum spot wallet balance required to become a lead trader?
$11,000
10:41
How much profit did the presenter earn in 30 days?
easy
Click to reveal answer
How much profit did the presenter earn in 30 days?
$210
01:08
What two settings can be configured in advanced settings for copy trading?
medium
Click to reveal answer
What two settings can be configured in advanced settings for copy trading?
Take profit and stop loss
07:56
How can a user stop copying a trader?
easy
Click to reveal answer
How can a user stop copying a trader?
Click the arrow, then 'Stop Copying' and confirm.
08:37
What should you check before copying a trader?
hard
Click to reveal answer
What should you check before copying a trader?
Open positions, position history, trade history, ROI, and PNL.
04:53
What is the recommended daily profit target according to the presenter?
medium
Click to reveal answer
What is the recommended daily profit target according to the presenter?
$45
11:38
💡 Key Takeaways
Safe Trading Strategy
Demonstrates a low-risk approach with consistent profits, key for beginners.
01:08Trader Selection Criteria
Provides actionable steps to vet traders before copying, reducing risk.
04:53Copy Trading Setup
Clear instructions on setting copy amount and risk management tools.
06:11Becoming a Lead Trader
Explains requirements for users who want others to copy them.
09:04Avoid Greed
Emphasizes discipline and patience as key to long-term success.
11:38Full Transcript
[00:01] Official. You all saw it right. Someone else will do the trading and you will get the profit. How will you get it? This is a very powerful feature introduced by a boss. It is especially for those people who do not know how to trade and only want to make a profit.
[00:14] They say, "Brother, I cannot tolerate loss." It's a simple thing. I want to trade and I only want to make a profit. So, for those people, this feature has been introduced by the boss. It's a very powerful feature. I will teach
[00:26] I have this mobile here, so on the mobile screen, I will teach you trading. You just have to make a profit through copy trading. Okay, in that, you don't
[00:39] just have to make a profit through copy trading. Okay, in that, you don't process, what are the details, I will see a small trade of mine, that is, what I It's simple, I don't take big trades, I do
[00:53] n't take big risks. I play it safe, and then I play with confidence. I do n't go into the tension of investing money, so here I'll show you guys, let's go into spot and PnL. I've
[01:08] kept $11,000 specifically for this purpose. I'm going to do daily day trading with $1,000. Okay, and from that $11,000, you can see here that my 30-day PnL is $210. In 30 days, I've earned $210, a total of $100 in seven days. And today's
[01:24] PnL, I closed my trade with a profit of $82. Okay, now let me tell you one thing here, all my trades I was taking were in Ether. Okay, that means I did all these actions with Ether.
[01:38] But when I traded in Ether, the price of Ether dropped. I made a purchase at 1620, the price dropped to 1530, okay, I did a little to 1530, okay, I did a little DCA, that is, like it came to 1500,
[01:53] sorry, at 1600, I took another $100, after that it came to 1580, and while moving down, it came to 1550, so I bought a little more, okay, and this morning when I woke up, I saw that its price was above 1586, and my trade was in
[02:08] profit of about $82, and I closed my trading, okay, now I evolved in closed my trading, okay, now I evolved in Ethereal for about two to three days, okay, I did not panic, I did not take any tension,
[02:21] brother, it is lying there, it is lying there, okay, and it is an Etherious project, I know that if so brother, I do absolutely safe trading, absolutely no one indulges in risk in it, brother, I did not make any attempt to
[02:36] become a million or a billion in a day, it is that simple. That's it, okay, look at the whole month, I withdrew a total of $200 in the month, and brother, $200 makes me approximately 50-60,000, which is a lot for me. Okay, this is my trading strategy. So, I'll
[02:50] explain the entire copy trading scenario to you guys. Those of you who can take big risks or are used to big risks, brother, when I explain the proper method of copying to you, then they can definitely copy the big traders, but those who
[03:02] copy me, because brother, I always play it safe, I eat a little, I eat cleanly, I eat stress-free. Okay, so first of all, let's see how this feature works, how can you do copy trading? After that, this scene comes
[03:16] Binance is, brother, what is it not worry. As soon as this video ends,
[03:28] also create a Bance account and after that I will also teach them how to verify the account and how to buy USDT. Complete details will be explained to them in the same video. Okay, but for those who know, let me
[03:43] explain it to you in some details. Okay, so first of all, you may see this icon here. If you click on it, you may not see it this way because you may
[03:57] Okay, so simply you have to update it. After updating, you have to click on More Services here. As soon as you click here, you will come to the trade section. Okay, and here you will see this one.
[04:12] See, when you come under trade, you will see copy trading. you will see all those traders here who are on this. They are sitting with time trades and are inviting you people that you can copy their trades. So
[04:25] if I click on copy traders here, then see this, he had invited see this, he had invited 777 people and only 77 of them are copying him. Apart from this, no one can copy him, which means that it is full.
[04:38] Okay, come down here and see this, he had invited 600 people and 512 people scope in this, I can copy him. Okay, now you can undo the copy. Okay, this means that whoever you want to copy, first of all you have to
[04:53] understand this thing that brother, why am I copying him? For example, there is this After clicking, first of all you have to come here and see his position. Here it is showing you which position is open for him, so
[05:06] in this it is telling that he has a profit of $65 in this coin. It has a profit of $24 within it. After that, you have to go to the position history. It will tell you which one closed in profit and which one in
[05:20] loss. Almost all of its three trades are in profit. In profit, in profit. Okay, almost all of its trades have closed in profit. Okay, after seeing this, you have to check its trade history. After that, you have to check the trade
[05:33] After that, you have to check the transfer history. After that, you have to check the copy traders. How many copy traders are there? Okay, after seeing all this, you have to check its ROI and PNL. On the PNL, you have to
[05:45] see what is its total PNL. Within seven days, it is in profit of $34. By clicking here, if you do 30 days, then within 30 days it is you do 30 days, then within 30 days it is in profit of $3000. If you do 90 days, then
[05:58] within 90 days, okay, that means it has only been 30 days since it started, so this He is in profit of $700. Okay, so first, the person you are copying should check whether he himself is in profit or not. Okay, this thing is a must to check. Now
[06:11] what will happen in this, it is simple. There is a copy option below, click on copy. I will explain the next scene later. First, listen to this. The scene in this will be that for example, I have placed a trade of $11,000 on Etherus. Okay, you copied me,
[06:26] you placed $100. The profit has been made, the trade has been closed. Okay, however, you can also close it as per your wish. Otherwise, when the person you copied closes it, your trade will automatically close. Okay, so now what will happen is that for
[06:39] example, the overall profit you have made is $10. Okay, so out of $10, one dollar will go to the person you copied. Okay, the remaining $9 will be yours.
[06:51] Okay, so it is a simple task. Now, if you want to follow someone, then it is simple brother. It's a simple thing, let's see this here, if you want to do it for a particular person, then you can I will also create my trader account here, if I search for Shafiq Jafri, then I will come up, and
[07:05] if you want to search for someone else, then that person will come up, you can easily copy him, okay, but right now, for example, we are going to copy this, okay, so after clicking, here you can simply
[07:18] click on it, then as soon as I click on copy, it will show me two things here, first of all, it will show you the fixed amount or fixed ratio, you have to come within the fixed amount, okay, after coming here, the order on cost,
[07:31] for example, starts from the minimum $10, okay, and after that, you write the copy amount, for example, I write $20, okay, right now it is telling you that you have $81 lying inside your spot
[07:44] wallet, okay, so here now the minimum is here, here you People can invest only $10, okay, the cost of the order is $10 and I am investing $20 in the copy amount, okay, after that you guys come inside the advanced settings, then by coming here you
[07:56] you guys come inside the advanced settings, then by coming here you example, here I set the take profit to 5 only, and after that I set the stop loss to 5 only, okay, and after that I read and
[08:11] after that I confirm it, so as soon as I confirm, it is saying here that copy trading successful, okay, if I go to C Portfolio and View Details, then here this brother will be telling me that I have invested 20 dollars, the
[08:24] trade has been copied, so you guys, it is visible in front of your eyes that brother, how much profit will I make, how much loss will I incur, this will keep appearing in front of your eyes, refreshing, after that if you guys see that brother, I have made a profit,
[08:37] but The person I am copying is not closing his trade, I have this much profit, so brother, simply see this here, I can see an arrow, you have to click on it, see here, transfer settings, stop copying,
[08:50] click on stop copying, your copying will stop, I will confirm, it is finished, it is simple, that stop, I will confirm, it is finished, it is simple, that profit, shut down and exit from here, now the most important thing here is
[09:04] why this thing is good, it is good because brother, you people do not have that much understanding of trading or you people are not that much expert or you people do not get any extraordinary they get extraordinary signals and there are many good experts
[09:18] sitting there, okay, so after looking at them, you people have to simply copy that trade and yes, one thing I forgot to tell you, when we click on it and start copying,
[09:30] if you people click on it So here comes the lead trader average leverage. Okay, if you click on it, it says that brother, it means that the person you copied has taken the same amount of leverage, the
[09:45] But you say that no brother, it is possible that he has taken more, so here you have to click on the other one and here you
[09:57] place the trade. Now comes the matter of those expert traders who are watching my video and they want that brother, we should also trade ourselves and people should follow us. You can see above that you have to become a
[10:11] lead trader. There is an arrow mark next to it. You have to click on it. After clicking, you have to tell about yourself here, that hi, I am so and so, so and so, so and so. tell all this. After that, look here, this is the name, click on the name,
[10:26] you can also change your name, like I will keep my name here, Shafiq Jafri, so you guys can also keep your name here, okay, after doing this work, now inside your future wallet, sorry, feature wallet, spot wallet and
[10:41] fit wallet, that is, understand spot, there should be at least $11000 present in it, okay, then you guys can become a leader trader, that people can copy you, okay, after doing this work, here you guys have to enter your price,
[10:56] dollars, how many USDT are lying in my spot, you guys have to keep it minimum 1000, after that you have to click on I read and after that you guys have to click on confirm, okay, in this way you will become a leader trader,
[11:10] whom you will copy, now the question comes, brother, for those who do not know about this thing at all, then giving this video so that In this video, first create a Binance account, then verify the account. After verification, what you have to do is simply buy USDT.
[11:25] That is also explained in this video. Okay, after buying USDT, you have to go to the copy trading section and search from the top for Shafiq Jafri. I am visible, copy me. I am not visible. If you see an expert,
[11:38] I am not visible. If you see an expert, copy him. Make daily profits from 3 to $ and become prosperous. Greed is a bad thing, so brother, keep watching where you are making a good profit. 45 is enough for one day.
[11:53] You do not have to trade again that day. Okay, so this is the method that I showed you in the beginning, brother, within the entire month, I have earned a total of $200. Okay, but I earned it little by little. I did not get greedy and if the market went
[12:06] down somewhere, I did not panic. So, you have to keep these two things in mind. So, see you lot of my Take care and remember Allah Hafiz Pakistan Pa Inda Abad