Getting started with Binance Copy Trading is straightforward, even for beginners. Here is a step-by-step guide to automating your trades and following the experts:

Step 1: Access Copy Trading

Open your Binance App and ensure you are in the "Pro" mode. Tap on [More] on the homepage and look for the [Copy Trading] icon under the "Trade" or "Futures" section.

Step 2: Choose Your Lead Trader

You will see a list of "Lead Traders." Don't just look at the highest profit; analyze their ROI (Return on Investment), Win Rate, and Maximum Drawdown (MDD). MDD is crucial as it shows how much they’ve lost during bad market conditions.

Step 3: Allocate Funds

Click [Copy] on your chosen trader. You can choose between:

Fixed Amount: You invest a specific amount per trade.

Fixed Ratio: Your trade size is proportional to the Lead Trader's balance.

Step 4: Set Risk Controls

This is the most important part. Set a Stop-Loss for the entire portfolio. For example, if the trader loses 10% of your total allocated funds, the system will automatically stop copying to protect your capital.

Step 5: Monitor and Adjust

Once you start, your trades happen automatically. You can view your performance in the "My Copy Trading" dashboard. You can stop copying or change traders at any time.

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