How to start copy trading in 2026? Step by step guide

How to start copy trading in 2026? Step by step guide

Imagine you are sitting in an exam hall, and the question paper is full of MCQs—but you don’t know a single answer. What will you do?

One option is to randomly tick any answers and be ready to fail, because the chances are very high that you will fail. And when your mind is already blank, the correct answers obviously won’t come.

The second option is that someone is sitting right in front of you, giving the same exam, and you can clearly see their answer sheet. They are making notes, doing calculations…

…and then they mark the correct answer. You can see everything. Now if you can clearly see their answers, what will you choose to do?

If it were up to me, I would leave everything to luck—I don’t know a single answer, so I would just tick anything and go home. But what will most people do? If they can see that the person in front of them knows the answers, they will simply copy from them.

In exams, many people must have done this, but in real life we don’t get such an option. We are financially struggling; we want to earn money, but we don’t understand how. The question is “How to make ”money?”—but we don’t know the answer.

When it comes to trading, we don’t have time, we don’t understand charts, and we end up making mistakes. And what happens then? We fail in the real-life exam of making money.

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What is copy trading?

But in trading, there is a concept called copy trading—the same idea where you simply copy the person who already knows the answers.

You can copy the trader who is performing well and showing consistent results, so shouldn’t we understand this concept properly?

Copy trading in India legal or not?

In the Indian equity market, there is no option for copy trading. But in the crypto market, you can now legally do copy trading in India—and that too on the world’s largest crypto platform.

Binance: the platform for copy trading

I’m talking about Binance. Everyone already knows that on Binance you can buy crypto and you can trade easily.

But very few people know that Binance also has a copy trading option.

I explored copy trading yesterday, and I really enjoyed it—so I felt I should write an article about it.

How I started copy Trading

Yesterday, I invested $100, and I’ll show you the complete overview and performance of the traders I copied. A few minutes ago, I added another $10 into a new position, and I’ll show you that as well—I literally opened that position just moments before.

I just opened a position a short while ago—one position is already giving a 20% return, and another is showing a 9% return. Since I only invested $10, I felt I should share all of this with you.

Since yesterday, I have made an $11 profit, and I had only invested $100—that’s over a 10% return in a single day. Now, let me explain to you exactly how to do this.

How to start copy Trading on Binance?

When you go to Binance and click on copy trading, you will see a large number of traders displayed here.

Now you need to be careful. First, let me explain—you should not get attracted just by the returns. It’s easy to find traders showing 10% to 200% returns in just 7 days, but that doesn’t mean they are consistent.

You should check a minimum of 30 days—see who has been consistently making money in the past 30 days. If you feel that one month is too short, you can also check their returns over the past three months and observe how their performance graph is trending.

Look for traders whose returns are consistent. If you see a graph that suddenly shows a 4000% return on a single coin, it may look impressive, but it is not consistent—and you should avoid following such traders.

Instead, I would prefer to copy a trader who has maintained an 88% return consistently.

Another important thing to check is the drawdown. In the past six months, if the drawdown is only 25%, that’s acceptable for crypto—the lower the number, the better. At the same time, the trader’s performance should be consistent.

Take your time and choose a trader whose drawdown is low and returns are good.

Example of Trader Slots and Fund Requirements

Let’s say there is a trader—in this case, a lady—who has 300 slots open for people to copy her trades. Out of these, 270 slots are already taken.

Now, let’s say you want to copy her trades. It will clearly show the minimum fund requirement—for example, she might say you can copy her trades with an amount ranging from $200 to $300,000.

I copied her trades with just $10, and you also have the option to start with $10. After that, it will ask whether you want to include her existing positions. You should only take the new positions that appear.

Stop-Loss and Advanced Settings

You can also set your stop-loss. In the advanced settings, there’s an option to automatically close a position if it reaches 50% profit or to cut it if it reaches a 40% loss.

Now, you simply need to click on ‘Copy’ and then click the ‘Confirm’ button. When I go to my portfolio, the trader’s existing positions will also appear in my account.

One thing you need to keep in mind: if the “existing positions” option is turned on, all their previous open positions will immediately appear in your account.

Profit Sharing & Commission

Now, one important thing to remember: the trader you copy will take a small percentage of your profits, usually around 10%. This percentage is not fixed and can vary from person to person. For example, if you make an $11 profit, 10% of it will go to the trader you copied.

This is why you are simply copying the system created by them. You can also set the criteria on which to select a trader—based on PNL, ROI, MOD, etc.

You must pay close attention to the performance graph.

Demo Mode for Beginners

If you want to do real trading, meaning not copy anyone, you can first try the demo mode—just click on ‘MOCK’ to start.

Become a Leader on Binance

Very few people in India know about this, so it’s important for you to be aware. Another great thing is that if you believe you are a good or profitable trader, you can become a leader here as well.

Here, you also earn commissions and profit sharing, so Binance offers you plenty of opportunities for advancement.