How to Use Binance Futures Copy Trade?

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18 Feb 2024
54

Using Copy Trading on Binance Futures involves the following steps:

1. Log in to your Binance account and go to [Futures] - [Copy Trading].

2. Select the portfolio you want to copy. Portfolios ROI, PNL, MDD etc. You can filter by indicators. Then click [Copy].

3. You can copy portfolios with [Fixed Amount] or [Fixed Rate]. In Fixed Amount mode, you can set a fixed amount per transaction. In Fixed Rate mode, you can determine the total portfolio investment amount. The system copies trades in proportion to this amount.

4. To start copying trades, carefully read and accept the service agreement and click [Copy]. The investment amount will be transferred from your Spot Wallet to your Copy Trading account.
Please note: When copying, the lead trader may add margin to their positions, which may result in your positions being exposed to a higher risk. Please follow your portfolio and positions closely. If the lead trader has more than one position or opens new positions frequently and you use the [Fixed Amount] mode, your portfolio may not have enough margin to follow the lead trader's trades. To prevent copies from failing, please monitor your portfolio closely and adjust the copy amount or cost per order amount.

.- **Risk management**:
Copy Trading does not completely eliminate investment risks. The past performance of the trader you copy is not a guarantee of future results. Therefore, make your investment decisions carefully and only invest money you can afford to lose.

- **Leader Selection**:
When choosing a leading investor, do not just look at the profitability rate. Also consider the leader's trading strategy, risk tolerance, trading history and other important factors.

- **Diversification**:
Rather than duplicating your entire investment into a single lead investor, consider spreading your investments across several lead investors. This can reduce potential losses and help you manage your overall investment risk.

- **Monitoring and Control**:
Monitor your investments regularly and make adjustments as necessary. Once you start copying a lead trader's trades, don't leave your investments inactive. As market conditions and the leading investor's performance change, you may need to update your investment strategy.

Finally, always take security precautions and be careful when sharing personal information. Copy Trading on Binance Futures does not completely eliminate investment risks and you should make your investment decisions carefully.

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