Binanace copy trading, anyone tried?

This is very risky to do unless you know the trader personally .

I tried the trading bot on KuCoin, avaraged about 2% profit in 5 days - which wouldve been pretty much the same if I had bought the coin and held instead. Not worth it imo.

a lot of these systems are built just so the CEX banks on trading fees, as thats where most of their profit comes from anyway.

That sucks, that they are pros doesn't mean they always make or take good desitions, hope you can recover from this financial lost.

randomstrings said:

Since few weeks i have been exploring copy trading function of binanace, has anyone actually tried that, there knowledge base is kind of shit to explain anything.

Edit:

PS: final update

Lost 100% of my investment.
Not gonna do it again
LoL,

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I do stay away from any type of trading, if investments aren’t in your hands, 99.9% you lost, you are your best investor. Always invest with your head.

b2309423 said:

Does it make money?

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If you can find the right person to copy, it will make you some money.

randomstrings said:

Since few weeks i have been exploring copy trading function of binanace, has anyone actually tried that, there knowledge base is kind of shit to explain anything.

Edit:

PS: final update

Lost 100% of my investment.
Not gonna do it again
LoL,

Click to expand...

Binance doesn't have copy trading bro, it's Bitget that is used for copy trading.

Binance's copy trading info is rough. New features can be confusing without clear instructions. But remember, copying others isn't a guaranteed win. Past performance doesn't promise future results. Online forums might have info on specific Binance experiences.

you should make your trading system, is the best solution, this is how i do

you are going to face many risks and for me it didn't work out pretty well

are you referring to the Google reviews sellers work?
@pelican Nema

I've been copy trading a few months now. Unlike what most people think, it's not really about making money without moving a finger. You need to understand the markets, know the metrics you need to evaluate before you pick a trader you copy, etc. I spent at least a month or two before I finalised the trader I was going to copy. I'm not going to talk about performance.

randomstrings said:

Lost 100% of my investment.
Not gonna do it again
LoL,

Click to expand...

This happens to trader when the person is not fully prepared for copy trading with good risk management techniques.

I would recommend zignaly
dm me for a link with 25% off fees

i think, You copied the wrong trader. You need to find a good trader first. Copytrading is a good option for beginners, but it's risky if you follow the wrong trader. You can lose all your money. So, find a stable, slow, and good trader first. Then, follow them. Initially, invest a small amount and observe their return on investment (ROI) for at least one month. If you think they're a good trader, then invest more.

I tried Mexc copy trading and lost money both times.

thanks for the update

Yes you will lose everything when you are gambling on other investments who you don't know them.

SonofOlympus said:

Binance doesn't have copy trading bro, it's Bitget that is used for copy trading.

Click to expand...

yes, Binance have copy trading option.

SonofOlympus said:

Binance doesn't have copy trading bro, it's Bitget that is used for copy trading.

Click to expand...

I have checked it, Binance has copy trading.

As far as I know it's like someone else plays on your behalf