Post
Topic
Board Trading Discussion
Re: Binance is Rolling Out Copy Trading?
by
TimeTeller
on 31/08/2023, 20:50:11 UTC
Copy trading, allows users to replicate the trades of successful investors automatically. This simplifies investing for beginners and provides a chance to learn from experts. By mirroring the portfolio and trades of chosen traders, users can potentially achieve similar profits while expanding their financial knowledge. However, risks include potential losses and dependency on others' decisions. It's crucial for users to thoroughly research and understand the traders they're copying, considering their track record and strategy.

It is always better to do your own research on each coin you want to trade with.
For beginners, this may help. However, they should not be dependent on this kind of trading technique.
You are also copying to a human trader, so he is also prone to mistakes and misjudgments.