How to Start Making Money Daily with Copy Trading on Binance

[00:01] you guys how you can start making money daily with copy trading on the Binance app. Now, before I go ahead and show you how to do that, just in case you want to bots on Binance, I also have a video on that. The link to that video will be in

[00:13] the description below. So, this one is for copy trading. So, in case you want to learn how to make money with copy trading every day on the Binance app, video to the end so that you don't miss any important information. And please

[00:26] are new here. and please like this video so that other people will be able to see this video and learn something from it. Now, let's get into the video. Now, as homepage of the Binance app. Now, the first thing you want to do is to go to

[00:40] your wallet and make sure that the money you want to use for copy trading is in asset page right now. And to go to your asset page, you click on asset at the left bottom corner of the screen. So, you can see it right here where that is

[00:53] pointing to. Just click on it. And right here on the screen is the asset page. click on sport right here where they responding to and then this is your sport trading page. So I will open it to see how much I have right here. So you

[01:06] can see I have a little bit above $500 in my sport wallet on the app. So make you want to use for copy trading in your sport wallet. And in case you don't have transfer from any other crypto app you are using to your Binance wallet. And in

[01:21] crypto from another app to your Binance wallet, I have a video on that already. The link to that video will be in the description below. So that's the first confirmed that I have money in my spot wallet, the next thing is to go to the

[01:35] trading page, you come here to where you have futures at the bottom side of the the top of the screen, you will see where it says copy where they pointing to. Just click on it. And right here is

[01:48] the copy trading page on the Binance app. Now at the top corner where you have futures copy where they responding to just click on that small arrow beside it and once you click on it you see that you have two options you have futures

[02:00] copy and you have sport copy. So this means that you can make money with copy can also make money with copy trading through sport trading. That means you alone and you can also copy a trader that is into sport trading alone. So in

[02:15] then just pick sport copy right here. And in case you're only interested in futures copy, then you click on futures copy right there. But I'll be doing both how to do that. So whichever one you're

[02:28] copy whatever I'll be showing you in this video and start making money with copy trading on the app. So right now I'll be starting with the futures trading. So I'll click on futures copy right here. And then the next thing will

[02:41] You can see you have public, you have private, and then you have favorite. Now what are these three categories? Now when you come under public it means that anybody on the Binance app can copy traders in this category. That means

[02:54] that anybody from the public can copy traders in this category. That's the meaning. So that means that if I come right here, I can come here and pick any person. But if you come under this second category which is private for

[03:08] this private right here, the copy trader or the master trader has to invite you before you can copy his or her trades. That's the so you cannot just copy it have copy right here, you can see you have like a padlock icon beside it. So

[03:22] that means that it is not open to the public. And then if you come under category for this one, this is where you can add maybe your favorite master traders, maybe the person you like to copy maybe all the time or maybe you see

[03:35] consistent profit, you can add the person to your favorite and be copying the person consistently. So you can do that right here. So these are the three So I'll go under public because that's where I'll be able to copy any trader of

[03:49] my choice. Now the next thing is for you to copy a trader. Now before you can the different categories of traders under this public section. Now you can see where you have 30D that is showing you 30 days. So this means that it is

[04:03] showing you the result or maybe the performance of these traders in the last information you are seeing about each trader right here is the details or maybe the performance of each trader in the last 30 days. And then you can see

[04:17] means that these traders are arranged in the order of PNL in the last 30 days. So person that has made the highest amount of PNL in the last 30 days. So you can

[04:29] see right here, this person has made $220,000 in the last 30 days. That's the number one person. Number two has made $126,000 in the last 30 days and number three has made $53,000 in the last 30

[04:43] here. So it'll be starting from the highest to the lowest. I hope you get check other criteria. You don't want to check only PNL. You can just click on where you have this P&L. Just click on it and you see that you have different

[04:57] categories. Now you can see the next one is ROI. Now, if I pick ROI, it's going to arrange the traders according to the amount of ROI they've made in the last 30 days. So, ROI is in percentage. So, take note of that. So, let me pick ROI

[05:10] it. So, you can see right here, the first trader on this list has made 5,000% profit in the last 30 days. That's a lot. That is too high. If you lot of money for you. So, you can see in the last 30 days, this trader has made

[05:26] 5,000% profit. The second person on the list has made 1,749% profit in the last 30 days. And the third person has made 663% profit in the last 30 days. So if you keep scrolling, you'll be seeing the

[05:40] other traders and how much they've made in ROI in the last 30 days. Now for the next category, I'll click on this ROI again. And you can see the next one is MDD. Now MDD means maximum draw down. This is just like maximum loss. So it's

[05:54] order of losses they've made. So, I'll click on MDD right here. Let me show you. Now, you can see the first person on this list has made 0% loss in the last 30 days. And is even the same person that has made 5,000% profit in

[06:07] the last 30 days. Now, you can see the second person on the list has made 0% loss in the last 30 days. The third person to has made 0% loss in the last there until you see the person that has made the highest amount of loss in the

[06:20] last 30 days. Now, for the next category, I'll click on MDD again and show you the next one. So the next one is AUM. Now AUM means asset under traders that have the highest amount of money under them that they are managing

[06:35] for their copers. So I click on AUM right here. So let's check it out. So you can see the first person on the list is managing $5.6 million which is a lot. The second person is managing $2.3 million. The third person is managing

[06:49] $2.1 million. So you'll be seeing the amount each person is managing right here on the list. Now the next category is copiers. Now if you pick copiers this according to the number of copers they have. That is copiers means the people

[07:02] means the first person will be the person that has the highest number of people copying his or her trades. And then the next category is copiers PNL. Copers P&L means that you arrange the traders according to the amount of money

[07:15] their copers have made. So these are the different categories that you can arrange the traders and pick whichever trader you want to copy. But in case you would not advise you to follow this step or this process. What I would advise you

[07:27] to do is to come here to where you have this icon, this filter icon where that is pointing to where you have something like 99 plus on the top. Just click on this page is to select everything that you want about the trader you want to

[07:41] pick is the time range. And I advise you pick like 30 days. So 30 days will show you traders who are doing good in the last 30 days. If you pick seven days to in the last 7 days, but I think 30 days is still longer. But 90 and 180 days are

[07:55] just too long. So I think it's okay if you pick 30 days. So just leave it at 30 be tags. So there are different tags for different traders. You have traders that are tagged as top performance, most resilient, solid growth, money maker,

[08:10] wheel manager, low leverage. So if you have any particular kind of trader you here. But I don't want to select anyone right there. But let's say for example, you want to copy a trader that uses low leverage. Then go ahead and select low

[08:23] I'm saying. Now the next thing you want to do is this 30-day PNF. For this one also don't change it. You can see it's between 0 to $5 million. Don't select it. Don't change anything right there. Now the next category will be 30-day

[08:37] ROI. Now this means that what is the ROI or what is the percentage of profit you are hoping that the trader you want to copy has made in the last 30 days. Now, for me, I want to copy a trader that has made at least 25% profit in the last 30

[08:50] days. So, I'll just click on 25 right here. If you want a trader that has made at least 50% profit, you select 50 and so on. I hope you get it. Now, let me scroll up. Now, the next one will be this 30-day MDD. Don't forget MDD means

[09:03] maximum draw down. That is the maximum loss they've made. Now, for me, I want to copy a trader that has made maximum of 10% loss in the last 30 days. So, I'll just select 10% right here. And then the next thing is 30-day copy

[09:15] trader P&L. For this one too, don't change anything. And then the next one is days trading. That is the number of days the trader has been trading for. So want to copy a trader that has been trading for at least 30 days. If you

[09:29] to copy a trader that has been trading for at least 60 days. So for me, I'll just pick 30 days. 30 days is still okay. So I'll pick 30 days right there. management. So, in case you want to copy a trader that is managing at least

[09:44] $25,000, you select $25,000 right there. Or in case you want to select a trader that is managing at least $100,000, you select $100,000 right there. Or let's trader that is managing maybe from $25,000 lower, then you don't need to

[09:58] select anything right here. So, for me, I don't really take this into consideration. I'll just leave this. And then the next one is minimum copy trader that can allow you to copy with maybe at least $10 or $50 or $100 or

[10:13] $1,000. So, let's for example, I want to copy a trader that can allow me copy with at least $10. I'll just click on $10 right here. So, once you've done to click on confirm at the bottom side of the screen. So, you can see right

[10:25] here with what I've done out of 1,000 traders on Binance, it has shortlisted So, you can see I just have three traders right here. This is one, two, three. So out of these three traders right here, I can now decide which one I

[10:39] want to follow or which person I want to follow. So I hope you get what I'm right here where that is pointing to using that filter icon will really really help you to avoid the stress of trying to look for the perfect trader to

[10:52] follow. Just make sure that you follow the process I just did using that filter icon. So again, like I said, just come right here and pick one trader that you want to follow out of these three traders. Now, the first thing I always

[11:04] that has made the lowest amount of loss. And you can see right here on the This first person right here. This person has made 2% loss in the last 30 days, but this one has made 5%. This one

[11:16] has made 4%. That's not bad. All of them are doing good, but I want to go for the lowest. And then if you look at their ROI also, this first person has made 57% profit in the last 30 days. This second person has made 35% profit in the last

[11:29] 30 days. And this third person has made 26% profit in the last 30 days. So this terms of ROI. So I think it just makes sense to follow this first trader. So once you've decided on the trader you want to follow, the next thing is to

[11:44] click on copy. So I just click on copy right here. So once you've done that, you want to use to copy the trader. Now there are two methods to do this. The first method is fixed ratio and the

[11:56] going to explain the difference between the two. So please make sure you listen attentively. Now you can see right here where you have fixed ratio. Now what example the trader I want to copy. Let's say that person has $1,000 in his

[12:09] wallet. Now if that person should enter a trade with let's say $500. You know that $500 is 50% of what he has in his wallet. That means that he is using 50% of his capital for the trade. That's the meaning. So that means that if I will be

[12:24] copying this trader, I'll be entering each trade with 50% of what is in my wallet. So if I have like let's say $500 in my wallet, that means that I'll be entering each trade with $250 or maybe half of whatever is in my wallet. I hope

[12:38] you get the logic. So that's just the meaning. So if I come here and put um let's say I put $500 right here and let's say for example the person is entering with let's say half of what is in his wallet or let's say 10% of

[12:50] percentage that will be taken from this $500 to enter the trade. I hope you get it. So that is how to use this fixed ratio. But if you want to use fixed amount right here, this means that you have to enter the exact amount you want

[13:05] see this option right here where it says cost per trade. So you put the amount let's say for example, I want to enter each trade with $50. I'll just put $50 right there. And then for the copy amount. So this is like maybe the total

[13:20] amount I want to use. So let's say I want to use $500. I'll just put in $500 right there. So that means that for all my trades, I don't want to use more than $500. But for each trade, I want to be copying the trader with at least $50. I

[13:35] hope you get it. So that's the meaning. So for me, I'll be using this fixed amount option. So that means that for each trade I copy this trader, I'll be copying with $50. And the total amount I want to use to copy is

[13:47] $500. So I hope you understand. Now the next thing you want to do is to set your total stop-loss. So you can see it right here. Just put in the percentage of loss you are willing to make. So let's assume that maybe you are okay with taking 30%

[14:00] loss. Just put it right there 30%. So what this means is that once I lose $150 out of the total $500, I will stop copying the trader. That's the meaning. All the trades I'm copying the trader will close and I will stop copying the

[14:13] trader. I hope you understand. If that is maybe um 10%, just put in 10% right there. That means that once you lose $50, you stop copying this trader. I hope you get it. But for me, I'm not going to be putting stop loss. So, I'll

[14:26] going to be putting stop loss. I'll just leave it to run itself. So, that means whatever the master trader is doing, that is what I'll be doing too. I hope the advanced settings. Now for this advanced settings just click on it right

[14:42] is to select your margin mode. Now for options. So if I click on this arrow let me click on it. You see that you have lead traders margin mode and fixed mode. Now for me I always try to use whatever

[14:56] margin mode the lead trader is using or the master trader is using. So so I'll just leave it as lead traders margin mode right there. Now the next thing is to select your leverage. Now for this leverage, I also like to leave it as

[15:08] to select your own leverage, you can go ahead and change it. So that's it. And then the next thing is to set your takerit and your stop-loss. So like I takeprofit and stop loss. So I'll just leave it like that. And then the next

[15:22] thing is to set your maximum cost per order. So the maximum cost per order will still be $50. That mean that that's the maximum amount I want to use to copy each trade. Remember, it's $50 I set at the top. So once you set all of these

[15:35] things, you see where it says I have confirmed profit sharing is 10%. Now what does this mean? Now this means that when you copy this trader, whatever profit you make, the master trader will be taking 10% of that profit. 10% of the

[15:49] profit, not 10% of your capital. So that means that if I enter a trade and copy this trader with let's say $50 and let's say I made $30 profit. Now, out of that $30 profit, the master trader will take 10% and 10% of $30 is $3. So, I hope you

[16:04] take $3 and I'll take $27. That's just it. So, once you've confirmed that, just click on this two boxes right here and click on confirm at the bottom side of the screen. And right here on the screen, you'll be asked to

[16:18] So, make sure that everything is correct. And then just click on this box right here and click on confirm. So just like that, I started copying this trader and I can start making money by copying this trader right now. So if you want to

[16:31] see the details, just click on view details right here. So let me open it USDT right there. So I can come back here every day to see how much I'm making or how much I'm losing by copying this trader. Now that is for futures

[16:45] copy. Now this trader I'm copying is only doing futures trading. Don't trading, maybe you are the kind of person that don't want to take too much risk with futures trading. You know, futures trading is more risky than um

[16:57] sport trading. So you don't want to take that risk, you can just do sport click on this small arrow beside this futures copy. Click on it and change it here to the bottom right here where it says portfolios. Just click on

[17:11] portfolios and then you'll be able to see the different traders you can copy trader right here, just follow the same process I showed you for the futures copy. So, what you just need to do is come here to this filter icon where I

[17:23] forget the reason why you want to do this is that you don't stress yourself of looking for the perfect trader to copy out of over 1,000 traders right here. So, just come right here and click on this icon. Click on it and then pick

[17:35] want to copy. So, you just come right here and pick it. So, let's for example the 30-day ROI. If you want to copy a trader that has made at least 25% profit in the last 30 days, just click on 25% right there. And then for the 30-day

[17:49] MDD, which is the 30-day maximum loss, just click on less than 10%. That's maybe if you are okay with maximum of 10% loss in the last 30 days, just click on it. And then for this 30-day copy trader PNL, just leave it. Don't change

[18:03] it. And then for this days trading, just click on 30 days. Maybe you want to copy a trader that has been trading for at least 30 days. And then you come right here to this AUM asset under management. Maybe if you have a particular amount

[18:15] you want that trader to be managing, you put it right there. And then the minimum you can use to copy the trader. Let's say $10. Just click on $10 right there. And click on confirm. It will show me the available traders right here. So you

[18:29] traders for me. So I can just pick any of these three traders right here. Now here, you can see that only one person is copying this trader. You can see one out of 300 and that is poor. So if one trader is just copying this person, I

[18:44] ahead and copy that person. Can see the copers. That is 13 people are copying his trades. But this first person right here, he has 729 people copying his trades. So for this kind of example, I

[18:58] person. And you can even see the person has made 42% profit in the last 30 days, which is quite good. So if you're okay copying this first person just click on ahead and copy this trader I'll just click on fixed amount right here and put

[19:13] the exact amount I want to use to copy this trader. So let's say for example for each trade I want to copy with let's say $50 also. And then for the copy amount I'll just put $500 right there. Let me just put the same amount as the

[19:25] one I put in futures. So once you've done that you come here and set stop loss. And then you see the trading pairs that this trader is trading. So these are all the trading pairs. You have BTCU USDT and so on. So you'll be seeing all

[19:38] the trading pairs that this trader trades on sport trading right here. So this. I have confirmed profit sharing is profit sharing. That means that the trader will be taken 10% of whatever

[19:51] profit you make. So if you're okay with that, just click on these two boxes and click on confirm. And then you'll be asked to confirm everything on the just click on confirm again. And just like that, you're already copying this

[20:04] trader for sport trading. So if you want to see it, click on view details right This for sport copy. I'm already copying this trader with $500. So if you want to check the one for futures, just click on this arrow

[20:17] right here. Change it to futures. So you also see it 500 USDT. So this means that I've invested $500 into copying a trader for futures trading and another $500 into copying a trader for sport trading. Now I want to copy these two traders for

[20:32] to leave it for. So you guys please tell me how many days should I leave it for? Should I leave it for 7 days or 14 days or 21 days or even 1 month? And let's leave it for 7 days. I'll come back after 7 days and show you how much I've

[20:46] been able to make or lose from this. So be able to see whether my $1,000 has gone up or whether my $1,000 has gone down. So please, if you appreciate this kind of video, please like this video to support, subscribe to the YouTube

[20:59] your friends who might want to get into copy trading. And again, if you want to learn how to make money with trading both on the Binance app, I also have a will be in the description below. Thank you for watching. I'll see you in the

[21:13] you for watching. I'll see you in the next one. Bye.