When it comes to copy trading on the Binance platform, it’s understandable that there is confusion in choosing the best option. Unfortunately, the lack of a detailed track record makes it challenging to assess the consistency of strategies over longer periods, such as a year or more.
To select a copy trading strategy, it’s essential to analyze a minimum of one year’s worth of performance to determine if it shows consistent results. However, on Binance, there is no available detailed history that showcases the long-term consistency of a strategy.
This differs from Alpari‘s PAMM (Percent Allocation Management Module) accounts, where it’s possible to view the consistency of a specific strategy. For example, the “Fortunadozer” strategy demonstrates a 71% return over one year, providing a clear indication of its consistency and performance.
Therefore, when considering copy trading on Binance, it’s important to acknowledge the limitation of available information to evaluate long-term consistency. It is recommended to seek alternative sources of information and conduct a more comprehensive analysis before making any investment decisions. Additionally, consulting with a financial professional or exploring platforms with a more extensive and transparent track record may be a prudent approach to ensure a safer choice.
