Top leading global cryptocurrency exchange, Binance Futures, has launched a new feature called Copy Trading that is now accessible on both their website and app.
This function enables individuals, referred to as “Copy Traders,” in qualified regions to easily mimic the real-time futures trading tactics of seasoned traders, referred to as “Lead Traders.”
The knowledge of Lead Traders can help Copy Traders better understand trading tactics. Lead Traders will be compensated with a 10% commission on the trading fees they produce as well as a 10% part of the profits their Copy Traders make. Lead Traders will further receive special advantages.
Fixed Amount and Fixed Ratio are the two copy trading strategies. Copy Traders can evaluate the performance of Lead Traders’ portfolios using measures like ROI (Return on Investment) and PnL (Profit and Loss), allowing them to select trading plans that are appropriate for their level of risk tolerance.
Users now have the ability to learn from and make money by copying the trading tactics of seasoned traders thanks to Binance Futures’ new Copy Trading functionality.
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