- The exchange’s focus is on giving people greater control over their own money.
- Up to ten lead traders may be followed at once, with each trader’s portfolio data included.
The futures offering on the Binance exchange now includes a copy trading capability. By allowing users to closely mimic the trades and portfolios of successful traders, this cutting-edge innovation creates a richer learning and social experience for the trading community as a whole.
There are two available settings in Binance Copy Trading, depending on the user’s taste and comfort level with risk. In “fixed amount” mode, copy traders may set a predetermined budget for their copied deals. In addition, the “fixed ratio” option allows investors to follow the methods of the top traders regardless of the size of their account.
Following Seasoned Traders
Binance’s global chief marketer, Rachel Conlan, has said that the exchange’s focus is on giving people greater control over their own money. And expanding people’s access to financial services.
As a result, this program is in response to the growing number of users interested in interacting with seasoned traders for guidance and advice. Additionally, seasoned traders have more opportunities than ever to disseminate their knowledge and earn a living doing what they love.
Lead traders on Binance Feed may get a refund of 10% of their trading fee and 10% of the profits made by copy traders who follow their methods and tactics. Therefore, this function encourages professional traders to contribute their knowledge to the community by offering them a reward.
Up to ten lead traders may be followed at once, with each trader’s portfolio data including profit and loss history, maximum drawdown, and AUM available for review. Copy traders may make educated selections regarding who to follow because of this openness.
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