Topic: Copytrading with Binance Leaderboard traders (Read 412 times)

No I don’t want to trust any bot when there is my hard earned money involved in it. I am not saying the bot is bad. But analysing the best copy trader takes less time. And I myself want to see the profit stats before actually start copying the trader. As at the end of the day, it’s my own money which is at risk. It’s even better if we just trade ourselves. But if someone likes to keep it autopilot then Binance’s copy trading feature is no doubt the best.

Why do we need another 3rd party app to pick top trader in binance! Isn’t that already available in binances dashboard? Also i guess that platform requires the user to log into his binance account through their application to use their features which is not safe in my opinion. But on the other hand copy trading is one of the best possible features in a exchange to make profit which doesn’t requires any 3rd party app.

Your logo reminds me BBB.org's logo. Do we have to enter Binance credentials on your website to use your bot? It will be good if you create a small video where everything will be explained. Btw it will also be good if you add support of multiple positions in the near future because there are many traders that do multiple bets and profit with that strategy, so sometimes it's not a good idea to follow one specific position of these traders.

Not everyone has time to sit in front of a computer and watch charts 24/7 and if there is a possibility to find a good trader and copy their movements, then why not? You work while others trade and you make additional profit.

I don't know what you're sharing here, but if it's just about copy trading, maybe it's better to use other well-known exchanges that are on the list of top exchanges that have copy trading features, such as Binance, Mexc, and Fairdesk.

That's why it seems that doing copy trading like that makes people even more lazy to do the trading without doing any research or study in crypto trading. They say that copy trading is just a job for the lazy, and there is also a risk in the fact that they don't know those who try it.

You do say things to be bit more like that so simple or something that would be easy. Yes, technically speaking then someone could really be able to have those copy trades on which they would getting in line with those top traders on whom they would really be copying into but always make yourself that be prepared for whatever circumstances that you might be able to encounter because not everytime a trader would really be that profitable. There's always a drawdown and when that time hits or comes  then pretty sure you would really be starting on having those doubts and stress that you  shouldnt have done that earlier.

It would really be that common that people would really be finding those regret moments on the time that they are experiencing some declines or loses but on the time that they are seeing
greens then they would really be just that too optimistic or really that too hype on things on which it is really just that a common scenario or something a situation that
people or to those copy trading peeps would really be having.

We're proud whenever we win but becomes very cold within ourselves when we lose money. The risks encounter, is worth it? I don't think so because the market have grown to become popular and only those traders are acquainted with the system can eat really good from the trades triggered, some say its mere luck but I believe it to become working with the right team and milking the system becomes very easy. Copy trading happens to become one of the easier way to grab golden opportunities in the market, a trader tends to become more open to earning from the market.

well copy trading seemed to be working out for those that just don't wanna sweat about making analysis 24/7 and honestly thats enough. I mean having skills for trading is great and all but sometime some people just don't have the time to deal with that mainly because they already have something like job, they just wanna put moeny and see how much growth it can have and thats it. therefore not having skill to trade isn't really that big of a deal for some people.
I personally would never use copy trading feature since i kinda still don't understand the advantage of disadvantage i know full well that something can't be always full of rainbow there might be a way for the trader that get their trades copied to take advantage of us but i still don't really figure that out.
regardless still a good feature to be implemented honestly.

Finally someone said something like this: „You are right, its seems like the user is promoting its platform, but the thing is, he doesn't even have a copper-member-account to boost the promotion, and also the post is lacking in something: It lacks in information or elaborating its platform at least.“ The thing is, if you are promoting, you want to attract users, then better give effort in your Promotion Statement, not just putting your Link and thats that.

Copy trading is not bad, but the thing is, if the traders become so relying on that, that they forgot to improve their trading skills and just rely on copy trading as they are earning. But what if the trader, you are copying, loses the trade, will you blame him or yourself relying on others? Well, everyone has the rights to choose what they want to do, its their own money and risk.

I am not a fan of copytrading but I am starting to see the sense of it. Or I am just fed up by those contents of forex traders that are copytrading the best in the leaderboards.

Does your service have a stats on how many have registered or you have in a group? does this have an actual software where users meet or you have a certain group where you just drop all of those details. Sorry, I don't want to dig a lot on the thread if those were already answered.

The service is still running.

What’s the difference between your copy trading service offered to the built-in copy trade feature on the Binance itself? They also have leaderboard in there that allows user to copy those who apply as copy trader with portfolio available for each trader.

You should mention the advantage of using this service on your announcement to easily inform all the viewers here about your service specialty.

You either have no knowledge of internet or you want us to lie. Because ZERO risk of data breach is literally IMPOSSIBLE.

Facebook, Twitter, Instagram and every other popular platform on earth has suffered from a data breach.

However, since your informations are encrypted, it would take 50 years for an hacker to decrypt your keys and therefore, you're SAFE.


About your second question: binance does not offer any copytrading option, that's why we exist.

Almost Zero is not Zero,

Even 3commas promised the same thing. Disabling withdrawals does not mean the hacker won't perform unauthorized trades, which still can lead to loss of user funds.


I am still yet to understand why someone would pay to use your platform to copy traders, yet they can just do it on binance or bybit for free without having to risk their API keys with a third party.

In trading i believe a difference of even seconds can give you different results, also trading isn't just about a single asset, there are multiple trades you'll have to take in order to stay in a net profit otherwise just taking a few trades of any professional trader won't really help you in any manner. Also I feel copy trading is just another new thing of trading world trending for lazy people.

It isn't but it's rather called Copy-Trading. Other than it, there is also one where we copy signals from a certain group although on that one, we are the ones who manually apply the strategy/signals but I think that one is much better because at least there are some effort and it might help us familiarize the market well.

If the investors that we are copying stops, then we can always move on to the other trader. There are lots of them. Copy-Trading might only be fun if we are profiting while if we are the ones who trade, the fun is still experienced sometimes even if the trade didn't go really well. I think I agree that copy trading is not a trading strategy but it's only one of the ways to earn here in the trading world.

I'm thinking the same thing, maybe this copy trading will make fortune to them if many will adopt.
Well, what's the purpose of copy trading and how reliable is this since how can you know someone's strategy in Binance trading?
Can you explain OP more details about this project and your advantage over other services with the same purpose.
As a trader, I appreciate this kind of project if its free since it allows me to learn more but if I need to pay more just to get such strategy, then I might skip this one.

What was the point of a bump thread if only half an hour had passed since the last message in the topic? You could just answer any question, especially since enough of them have been asked to your address, and the topic would have been raised up.

This is a bump

Yes, that's really true. But only no one can stop you from buying a shit coin at a high price and thus destroy the deposit. Besides, I don't understand why I should use your platform as an intermediary if I can connect directly to the Binance.

It is definitely a method some people use, I am not going to say if it is a great idea or a terrible idea but I can say that it is one that a lot of people uses. I think it is still risky, and I am not really fond of copy trading to be fair but when we are talking about something like this, it means that this could be the best version of it. Think of it like having the best of a bad thing, copy trading is bad in my books but if you have to then you might as well do it using Binance, at the very least the results will be a lot better for you.

But, make sure that you still learn a lot from it and you do better with it because it would end up with a result that would be a little different and yet you will end up with a good result.

I can report from personal experience that people who follow Copy Trader definitely see themselves as (successful) traders. I have a few people in my circle of friends who had tried copy trading at least temporarily and suddenly became "the best traders in the world" ... and also liked to criticize those traders they followed. Of course, this only went well as long as the traders had made profits. With losses one heard - logically - then nothing more of it.

I think that is also in the nature of man. Many simply like to brag about their successes, even if - as in the case of copy trading - they are not even their own successes but simply followed other people.

---

I have been following well-known traders like Tone Vays or Brian Beamish very intensively especially in 2017 and 2018. Also these traders usually make the profits with only 1-2% of their trades, so the long term profit and loss statistic at that time was around 48% loss to 52% profits. However, the few percent decide whether you succeed in the long run or not ... It is possible that professional traders participate and let you follow, but you have to follow them for a very long time to be able to take the profit streaks - which will definitely exist.
With short-term follows Copy Trading is more like a gamble - and you will most likely lose a lot of money.

OP I do agree with you..
On that in support of yes we can do it

But at the same time, my question to you is what are you seeking from it? Are you trying to learn, get inspiration want diversification or anything like you want some kind of help in comparing your analysis with the top performers to obtain useful insights? My honest answer to this as I am asking it and I want to put a general wordic on it.

So most people do that to just find a way (Shortcut to ) the success, and people most of the time achieve it but the end result is they make a few bucks but they haven't learned anything if they will continue to do so they will find them self in loss as not always shortcuts work. So my stand on the copy trades and I found a term on the other thread that mirror trade is eventually not good for the Biggenars. Thats it.

Just a gentle reminder to our users:

it is possible to add any trader from the actual Binance Leaderboard, upon request.

Honestly the person who is copy trading is not really after calling themselves anything and just looking to make more money. The point is not to call yourself a trader or not, that doesn't matter at all for them, the point is to get richer and if you do end up richer in the end then you did what you wanted to do and that's it.

I think the bigger issue is that they are not making that much money neither, some of them might do it but majority of them do not make a profit and they lose just because they trusted someone else. The fact that they should learn how to trade themselves stands and they still do not do that and unfortunately that causes a lot of trouble for them on the long run, should be considered to taken a look.

You can do that, of course, but then you must not call it trading - and certainly not call yourself a trader. You do nothing else but let someone else decide about your investment strategy - and thus ultimately your coins.
You learn absolutely nothing and, what I find even worse, you are always dependent on other traders. If these traders stop, your "investment strategy" goes down the drain. If they have a bad run, they pull your investment capital with them and you have - for lack of own skills - no chance to counteract.

Copytrading can be fun and bring in profits, but it is absolutely not allowed to call it a trading strategy.

That's your choice. You can do whatever you want with your assets. But promoting such things and encouraging beginners to start their journey with this or even focus on this while they are trading on their own is not a good thing. I don't know what experience you had, but I can tell that experience was not smooth. Either you are still a beginner and using (depends) on this or you are promoting your own thing. That's why you are saying this.

But you learn nothing from copy trading. You can't change my mind. You don't need any skills or analysis in order to trade. You are gambling mate. You are following a hoard that will lead you to your doom once they are doomed. It's a chain reaction. So be careful before you suggest or tell someone to do something. In the end, if they lose, you will be the one to blame.

From my experience, it is a lot better than trading on your own if you're a beginner.

I doubt this discussion will turn into a debate about the revolution of AI and how it has changed the way people work. Hehe. I totally agree with your decisions, as in trading we should only use AI algorithms to enhance the accuracy of our trades, not just fully rely on them. As usage of the brain is also necessary to use such AI tools, which is also not easy and not everyone could do it,

The point is, I was both amazed and shocked at the same time that people are doing copy trading and also automating it. I mean, the laziness is just on top, but many copy traders are really making decent money, and for them, such tools could be of great use. I admire such new technologies and platforms that provide services like these because the initiation of such projects will increase the competition, and there will be more platforms in the market. The higher the competition, the better the outcomes one could get with good offers.

Thanks for sharing your trading experience and thoughtful insights. It is true that every formulates his trading strategy as per his convenience and mindset, and these tendencies are not easily subject to change. It is also true that rise of technology has provided us with range of tools that provide automation, a development with both advantageous and disadvantageous effects. I personally prefer to use my set of  traditional technical indicators to explore trading opportunities.

First of all, copying others is not the right approach while trading. Secondly, why should I use a centralized platform which is new and not reputable enough. And even if someone is copy trading from Binance, why would they need this? All this 24/7 awake thing. Where's the fun of trading if I'm not a part of it?

Also, there has been many topic regarding copy trading and many services. None of them are legit, and boring to be exact. I have a strong feeling that this is not something different from those. I have said this multiple times and as people will be reading this topic too, so I'll say it again. Learn to trade from the ground up. When there's no one to copy from, you are nothing. You are finished. No one to blame for your loss and no one to worship for your wins. Do it yourself so that you can be successful in the future. Knowledge is something that others can't take away from you.

I agree that trading is not a simple task, and it is difficult in itself, so why would someone who once got the idea try to do it from others? But that's not what I meant to say here. As in copy trading, we follow others trades, and the decision is ours, like whether we take the entry as the person took it or exit the entry.

But what the OP mentioned here is that we can automate the process, and I said who wanted to make the process automated. The point here is that we do not have to do analysis; instead, we only copy the trade of others (as you said, we have every required ability to do it all by ourselves). That's why I said that. Unless you were preferring the ability of copying, as I do not call that an ability, 

From my point of view it's almost the same or the same.
The difference is that we can see the trader and his trading history. This, of course, is a huge plus from telegram signals
Everything is more transparent here, as I understand it, but no one is immune from losing money, if a trader has a lot of experience and a good history, this does not mean that all his transactions will bring profit.
But the main thing is to do what works in your life. If you use crypto-signals or copy trading and you manage to make money, then you are on the right track.

I don't know the category of traders that makebuse of this feature the most maybe they are the newbies not those that have years of experience in trading which i believe are likely not to be found in this category, copy trading is not what is that accurate enough else you would have discover many rushing into doing that, trading could be voluminous itself and some how complicated for a beginner but one the idea is gotten, there's no need of allowing others perform our role for us in trading when we have every required ability to do it all by ourselves.

As long as they invest what they can afford to lose and they know what's happening with their trades, as they copy trade. There can really be money to earn there but it's not that going to be mostly common. If you don't trust your instinct and way of analyzing the market, you can copy trade but it's not going to assure you to win most of your trades.

It can be a stepping stone but those newbies that are new to the market don't have to be hard on themselves and be dependent on it. Much better that they'll still get to trade on their own.

That should not really be the case if you want to have a long term profit. If you trust a trader then you are not going to be sure if their previous profit was a fluke or not, they might get a few good trades and paint you a good picture and you will trust them and invest into them and you are going to end up losing money because of them as well.

However, if you end up learning more about trading and end up trading yourself, even if you make a loss you will be able to check why you made a loss and see the problem and you are going to end up getting better and better at it. Of course it is not that simple of a job and you should be more careful about it but as long as you let it happen, I do not think that it will get any worse if you personally do it.

I agree that you can make money on copy trading, but unfortunately in this case the trader will not understand how he earns or loses money. If the exchange gives such an opportunity, then you can compete with the selected trader. My friends do this, but they don't invest more than $500. This option allows you to analyze your mistakes and correct decisions.

Copytrading has benefits for both new and old traders;

For new traders, they can make profits from copying the trade of professionals as they try to learn to trade on their own, also the leaderboard gives you options of a list of professional traders to copy, so you can make a choice suitable for you.

For other traders, It can help you know if your analysis of a trade to take is correct because there are other professional traders that you can compare your analysis with, and it also gives you an idea of how more professional traders trade the market. And on days when you feel lazy and can't make analysis, you can still make profit.

I explained above, in another comment, how the security risk is almost zero.

I can't deny that copytrading can indeed help beginners to trade while learning every step that has been done by the professionals. But we also shouldn't depend too much on copytrade. If it's occasional then that is pretty good. But not too often. Because we also need to develop our own skills in trading. Try careful analysis and make good planning for trading. I'm also studying everything. Thank you for sharing. I'll keep the link you OP linked.

So I have to risk the security of my account and funds to "copy trade" Binance leaderboard traders via another third-party brand new sites which by the way I have to pay a monthly fee? 

Does this make any sense?

What would stop me from just copy trading directly from Binance account for free?

Haha dear, I just want to say to the OP dear no comments haha...
This is one of the most redundant topics started by the newbies with different titles, from north to west the topic always contains stuff revolving around the same point. As for the Bitcoin section most asked or redundant topic is the Store of Value or Payment mode here we always go through stuff like How you trade, riding tips, and risk management tips and now from a couple of months the topic is Copy trading...

In my post history seems like I had replied enough that from every 5 posts in the trading section, there will be at least 1 post on such topics.

I like what you've said that you don't guarantee profit because it's still based on the trader that the user will copy.
And upon looking at those top weekly rankings on trading in Binance's futures. I wonder why most of them don't have many followers, I mean some have hundreds and two digits, while on perpetual rankings the rest don't even have.

That is why we don't guarantee any profit, it's up to the trader you choose either to provide profit or loss.

But they're on Binance's official list and their past performance is public and guaranteed by Binance, that's way more reliable than a random signal group.

Agree with you, but copy-trading is way better than that. You can be able to determine who is the trader. You can also the see their previous performance in trading. All the traders passed a test before they become eligible to be a master trader, so you can assure that they are not scam. In other words, copy-trading is more transparent which is really good if you want to trade using their signals.

Even if they are profitable traders, they will also experience loses since they can't control the market movement. Since you have the authority to decide, choose the best trader.

Copy-trading just like the same (VIP) Group Trade on Telegram ~XD

The different this is on (website), just read a few things word on the website. Any word like (pump) being mentioned, from my perspective is gonna to be avoided. It's just give a bad vibes + most the service only want to sell their service provider.

It is not about being lazy.

The alternative of TradePicker is being awake 24/7 and refreshing binance page every 30 seconds,
that is not possible for anyone.

For those who are concerned about security risks, let me explain you how we have no security risk.

Binance and Bybit allow you to disable withdrawal permission on your account API, that is going to prevent
any security failure and any eventual data breach, furthermore, your keys are encrypted into our database.

I mean people have become that lazy now that they are doing copy trading and wants to automate it too. I mean really. Just to mention I checked your website it's quite brand new so you must come up with something unique like intro to yourself because that's raise a red flag in my mind you did not disclose any of the teams information (or I might have missed) but still looking forward to it.

Like if the social media accounts would be linked to it then it would be more comfortable for one to trust on your newly platform. And just to mention out I am not trying to discourage your efforts here as I was solely talking about those lazy people who are going to use such tools. So you are ok in my thoughts because you are just providing services which could save one's time but of course it would be a waste of money.

Every person have there own set of mind and my mindset is instead of paying $19 dollars per month I would love to add that money in my holdings even the amount is not that much but at the end it will make sense and worth too.

Good evening crypto people!

I'm here to introduce you to TradePicker, a web app that lets you
copy the best traders from Binance's official list.

Take a look at
https://tradepicker.net/

This is Binance's official Leaderboard and with our tool you can copy any
trader of your choice listed here:
https://www.binance.com/en/futures-activity/leaderboard