Copytrader?Why, where and how to profit!
Do you want to become a copytrader?
In this article I will show you why you should join millions of traders who practice this particular and lucrative activity.
In addition, I will introduce you to one of the most famous copytrading platforms in the world.
I will deeply analyze all the possibilities that it offers to its members.
But let’s go straight to the point!
Today, copytrading presents a remarkable convenience: the safe and fast gain.
Reason for which many professional traders and beginners joined this new form of trading.
The copytrader is one of the most up-and-coming figures of the moment in the trading world!
Why?
The copytrader enjoys undoubted advantages, namely:
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profitability
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semplicity
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fast profits.
How it started?
One of the first trading platforms that launched the concept of copytrading was eToro.
Disclaimer:
The information contained in this article is for illustrative purposes only. They are not in any way a financial advice or an invitation to invest your money following the information below. Trading is a high risk business, don’t invest more than you are willing to lose. Moreover I am disclosing that I’ve included some affiliate links in my articles. This means that I will earn a small commission if you decide to purchase a product. This commission comes at no additional cost to you. I only recommend products that are helpful and useful. Please do not spend any money on these products unless you think they are useful for you or help you achieve your goals.
What is eToro?
eToro is one of the most famous trading platforms in the world for two reasons:
-it has been operating in the market for many years in a serious and reliable manner
-it offers a trading service that is different from all other trading platforms:
Copy trading and social trading .
Trading on eToro means having the opportunity to:
-compare yourself with other users through a showcase
-copy other traders, choosing among those more performing and profitable.
You can also trade the traditional way without copying other traders, but you must be aware of important adavntages you enjoy with copytrading first.
*At the moment eToro is not available for U.S. citizens
Visit eToro CLICK HERE
The first advantage: Social trading
The key feature of eToro is social trading.
This trading mode allows the copytrader to take advantage of the most advanced traders’ skills and knowledge to operate in a:
-simpler
-less stressful
-fast
-safe way.
This great social platform allows the copytrader to interact, communicate and deal with traders all over the world.
In this way, traders of all types and levels can compare themselves and work out the best strategies to achieve greater profits.
The ability to follow and interact even with professional traders allows the less experienced copytrader to rely on safer and more profitable investment strategies.
The benefit of social investing is there for everyone!
Millions of traders today have gathered on this social trading platform making the most of the union between trading and social networks.
Here then the copytrader, on eToro, will be able to consult the bulletin boards of other traders and consult with investors that more reflect their tendencies and aspirations.
At the end of the speech we can list several reasons why a trader should become a copytrader:
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Profitability, undoubtedly!
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Copying professional traders allows the copytrader to use the best working strategies!
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eToro is globally regulated.
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The platform is easy to use, with an user friendly interface.
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Investment diversification. (Forex, Stocks, Cryptocurrencies, Commodities and so on)
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The profile of each trader he intends to copy shows:
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the level of risk
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portfolio exposure
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trade history.
If you want to join other millions of traders, take a look at my 4 Tricks to succeed in copy trading first!
CLICK HERE!
The core of eToro: Copy trading
HOW DOES COPY TRADING WORK EFFECTIVELY?
The operation is very simple and intuitive, you can copy other traders’ activities in a way that your portfolio works automatically.
What they will do for example Mark, John and Frank (fantasy names) will be replicated from your account.
This function is the strength of eToro, because even those who are not experts have the opportunity to make money quickly and easily, being able to choose from thousands of traders and copy those who have distinguished themselves for professionalism and excellent results.
The copytrader can do anything else and trade even on holiday, without spending hours in front of the monitor to analyze the markets.
In the end, the user can choose the “guru” to copy by consulting the detailed statistics present on his profile.
These statistics show clearly:
- past trades and their performances
- the level of risk at which he’s operating
- the generated income.
What eToro offers…
Like any reliable trading platform, eToro offers the chance to practice a demo account without putting your money at risk.
Before taking any action you should test your strategies in a demo mode!
It is possible to take advantage of the trading academy tools such as interactive courses and webinars.
Once an advanced level has been reached, the copytrader will be able to trade independently.
V.I.P The user is free since the beginning to choose between a classic trading activity or copytrading.
How to deposit and withdraw with eToro
Deposits on eToro are absolutely confidential and secure, all transactions are transmitted using SSL technology that guarantees the protection of personal data.
You can deposit with:
- Visa or Mastercad credit / debit card
- bank transfer or through Paypal
- Neteller
- Webmoney
- Skrill
- Giropay
- China Union Pay
- Wirecard
Depending on the laws in force in the country where you live the minimum deposit varies between $ 200 to $ 10,000.
The withdrawal from your account is just as easy, and the estimated time to receive payment varies depending on the service provider. From 1-2 days up to a week for bank transfers.
Is it a safe platform?
Yes eToro is a globally regulated secure platform, from CySEC, FCA (UK), NFA (USA).