Copytrading with Binance Leaderboard traders

[tradepickernet]

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

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[Faisal2202]

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.

[tradepickernet]

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.

[ryzaadit]

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.

[jeraldskie11]

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.

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.

[tradepickernet]

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.

[blockman]

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.

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.

[Hamza2424]

_SNIP_

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.

[logfiles]

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?

[Uruhara]

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.

[tradepickernet]

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?

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

[Rruchi man]

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.

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.

[safar1980]

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.

[justdimin]

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.

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.

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.

[blockman]

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.

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.

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.

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.

[348Judah]

I mean people have become that lazy now that they are doing copy trading and wants to automate it too.

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.

[shivansps]

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.

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.

[Faisal2202]

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.

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, 

[tjtonmoy]

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.

[Sayeds56]

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.

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.