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A Top Trader Made Over $700,000 On Binance Futures Last Month. Here’s How You Can Follow His Trades in Real-Time.

2021-01-21

Over the last month, YardThoseCheap, a top-trader on Binance Futures, made $712,126.62.

On the Binance Futures leaderboard, you can follow YardThoseCheap to see every trade he makes and follow other top traders on Binance.

What is Binance Futures Leaderboard?

Binance Futures Leaderboard is a blend of social network and cryptocurrency trading that allows you to interact with our platform’s best traders. Leaderboard works by connecting novice and experienced traders to be part of a community that shares ideas and provides insights into market sentiments.

Although relatively new, the leaderboard has quickly gained traction with novice traders, enabling them to ride the coattails of the best traders in the crypto world.

How to get started with Leaderboard

Binance Futures Leaderboard gives you access to a trading community and insights into how the best traders navigate the market. The platform can be useful to get information on market sentiment surrounding particular crypto assets as you’ll get access to positions of others should they choose to share. 

So without further ado, let’s dive in on how you could get started with Leaderboard immediately.

To start, create your profile by choosing an avatar and username. Having a profile enables you to share your positions and trading performance with others. Furthermore, you can even connect your profile to your social media account. This means you can share your achievements with a broader audience beyond Binance — all with a simple click of a button. 

The leaderboard also allows you to build your social trading profile, including all functions listed below:

  1. Customize your display name

  2. Choose an avatar

  3. View your rank (ROI / PNL) - Yesterday / Weekly / Monthly / All-time

  4. View ROI/PNL needed to reach the next badge

  5. Badges earned (ROI / PNL)

  6. Search users by display name

  7. View top 100 traders by ROI and PNL

  8. View your positions

  9. View following/followers list

The leaderboard also enables you to check your trading performance and historical returns across various time frames such as Daily, Weekly, Monthly, and All Time. It also evaluates your trading records based on the two futures products available on Binance (USDT-M and COIN-M futures); this gives you a better understanding of your progress over the long-term. 

Check your latest PNL and ROI returns now!

The leaderboard allows you to publicly share your positions. Any Binance Futures user can follow and keep track of those positions. With this feature, other traders may copy your trades and learn about your decision-making processes.

Additionally, the leaderboard is a platform where talented traders can gain recognition and status within the crypto trading community. The more successful and profitable you are, the higher you rank in popularity. 

A top trader on Binance Futures, YardThoseCheap, who famously made over $700,000 last month, publicly shares his positions. Through his achievements, the trader has made a name for himself as one of the best traders on Binance Futures.

Check out YardThoseCheap’s profile here.

Furthermore, by sharing trade ideas, you are likely to attract like-minded traders who share the same view as you; this helps validate your trading ideas. Trade validation is one of the crucial aspects of trading to help you achieve consistency.

Through this platform, the community has insights on who are the top traders in the business and know how much money they rake in every month. There are many more traders just like YardThoseCheap who consistently make six-figures every month. Do check them out here.

The leaderboard ranks the top 100 most profitable traders on Binance Futures by ROI and P&L. You can view the traders' P&L or ROI performance at different time frames such as Daily, Weekly, Monthly, or All-Time. This means that you can track how much these top traders make every week or month.

Traders can earn badges based on their ROI or PNL rankings, the various badges available are as follows: 

  • Gold - Rank 1 to 5

  • Silver - Rank 6 to 10

  • Bronze - Rank 11 to 20

  • Blue - Rank 21 to 100

  • Green - Rank 100+

All earned badges and achievements can be shared publicly via social sharing functions. By sharing your accomplishments, you could potentially gain more followers and like-minded crypto traders. Click here to create and share your leaderboard today

To rank on the Binance Futures leaderboard, you will first need to have opened a Binance Futures account. If you don't have one yet, you can click on the image below to register.

For those looking to improve their trading, leaderboard offers the chance to learn strategies and trading ideas from the best traders on Binance Futures. You’ll be joining a leading collaborative community of traders and investors — a place to connect, share, and learn. 

Traditionally, most traders perform their own fundamental and technical analysis. With new technology, traders can now observe and replicate the analysis of others. You could view the positions of profitable traders as well as the entry price of each position should they choose to share them publicly. This is especially useful for novice traders who want to replicate these trades in their portfolio. Such tactics can help traders who don't have the time to follow the markets themselves. Instead, they try to mirror trades of successful traders. 

If you are new to the world of crypto-futures trading, you are likely to take things slow while you learn how to trade profitably. While there is certainly nothing wrong with this, imagine if you could start making profits right from the get-go! By following the trades of others, you essentially have a seasoned crypto trader holding your hand and walking you through each trade. It simply doesn’t get any better than that!

Finally, there are no limits to who you can follow. There are hundreds of experienced and profitable traders on Binance Futures, each with their unique style of trading. This means that you’ll be able to make the best selections from the most successful traders in the crypto world.

Final Thoughts

Binance Futures Leaderboard is a great platform to help beginners with a genuine interest in learning to trade. It allows them to interact with experts, analyze various strategies, and better understand different trading strategies.

Although social trading can potentially help shorten your learning curve, it does so at the expense of experience. Thus, it is vital to make sure that you understand what you are doing and have an appropriate risk management strategy in place.

Although the strategies of others can be used to create some guidelines for your trades, you must create a trading plan of your own that is unique to you and your goals. Everyone has different risk appetites and capital available, so trading the way someone else would isn’t always a good idea.