How to build a passive income by copying the best eToro traders!
Hi! Are you looking for a professional method to discover the TOP eToro traders to copy and finally build a solid passive income but you don’t know where to start?
Well! You are in the right place at the right time!
I imagine you tried to follow traders with multiple copiers but the result was not the one you hoped for… well today I will show you a simple but professional method to find the TOP eToro traders to copy!
If you are new to eToro, you have to know that you can generate an interesting passive income thanks to copy trading! In other words, you can earn by copying more experienced traders in a completely automatic way!
Let’s start!
Disclaimer:
The information contained in this post are for illustrative purposes only. They do not represent in any way a financial advice or an invitation to invest your own money following the method illustrated below. The indicated strategy does not represent a guarantee for future results. Trading on financial markets involves high risks. Anyone who decides to invest does so according to their possibilities and knowledge. The author of the post does not take any responsibility for any loss resulting from decisions made by the reader after reading this post. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Thank you.
TOP eToro Traders to COPY: First step!
Very important:
Since this represents a strategy and as such it is not a guarantee of profit, if you decide to follow it, I strongly urge you to start investing in demo mode and then switch, in case of profit, after at least 6/8 months to the real account.
This is not financial advice, however, I urge you not to invest money that you cannot afford to lose. Financial markets have a high level of risk.
Enter your account and click on “copy people”!
If you don’t have an account you can open a FREE UNLIMITED demo account!
Delete now all the filters like shown in the picture.
Now click on the filter symbol.
TOP eToro Traders to COPY :Step two!
Once the filter is open there are some adjustments to be made.
1) Insert TIME PERIOD 12 months
If you find traders that show data for two years is even better, the more data we have, the better our choice will be. However,in this case we’ll proceed with the 12 month time period!
2) Now click on “status verified”
It is very important to copy only the traders verified by eToro, we cannot rely on unverified people!
3) Insert “Return” filter and type 20-50
We want to eliminate from the research all those traders who have not been able to take home a 20% profit in a year.
4) Insert ” Profitable trades” filter with the following values
We must select traders who win enough but at the same time do not win too much.
Why?
High win rates often indicate that the trader does not close losing trades but opens new positions to compensate.
These approaches are very dangerous and endanger our account.
Just a few wrong trades and our capital will be burned.
5) RISK SCORE
We want to protect ourselves by going to select traders who risk but do not risk too much. In this case a score of 4 is more than good for our purposes.
The idea of copying traders who operate at high risk can be seductive, but at the same time a high risk can lead to big losses!
6) Average trade size
This value indicates how much capital the trader invests in each trade.
In order to build a passive income that lasts over time we must prefer traders who invest a small part of their capital to achieve good results.
The smaller the size of the investment, the more our capital is safe from losses!
A trader who does not invest much of his own capital is an experienced trader, who has a money management strategy and knows that trading is a marathon and not a sprint. For this reason I have decided to enter a maximum value of 3%.
A limit value of 5% is also acceptable but the risk obviously increases.
Sizing is very important to succeed!
Once you have completed all the steps click on apply!
TOP eToro Traders to COPY :Step three!
Now it’s time to modify the columns to get a clearer picture of the traders found.
You can modify them clicking on this symbol at top right .
Click on the arrows to change the columns voices and click on the indicated ones.
Your page should look like this.
It’s now time to take a detailed look at the profile of each trader, paying close attention to the two-year chart. *Click on the profile of the trader with the right mouse button to not lose the columns.
Once landed on his profile click on the chart.
Once the chart is open, click on the symbol at the top right.
Well, once you open the complete chart don’t forget to select the two-year timeframe. The more information we have, the better we can select our traders.
This is the most important phase of the whole process. Looking at the graph you will notice if the equity line is growing on a regular basis or has anomalies.
You must obeserve the drawdowns. The drawdown gives us a great information about the method and skill of the trader. We have to discard traders who have big drawdowns.
Usually traders with increasing drawdowns do not use the stop loss. These techniques put capital at risk if we don’t know what we’re doing.
Selecting traders with large drawdowns would expose our capital to a high risk.
In this case we can add the weekly drawdowns voice to our list to skim those traders who have a too big drawdown. In this way we will select the best traders in a simple but precise way.
In general the graph of a good trader should be like these shown in the figure.
Read the trader’s BIO!
Many people make this serious mistake, not to read the trader’s bio!
In fact, inside it we will find valuable information on how the trader operates, what his strategies and goals are.
How much money he recommends investing in and how to set the stop loss.
You find it on the right side of the investor’s profile! Here is an example!
TOP eToro Traders to COPY: An important consideration!
Among the various voices of the trader’s profile to check, one of the most important is definitely the portfolio. Looking closely at the portfolio we can see what kind of investor we are facing.
Are we going to copy a trader who invests in the stock market, Forex, cryptocurrencies, or Indices?
Is his wallet a mixed one?
On how many financial assets he focuses?
For example: if he’s investing in Forex does he focus only on two or three currency pairs? If he ‘s investing in the stock market, does he only focus on certain stocks?
These are important considerations to keep in mind! The volatility of cryptocurrencies is certainly very different from the Forex one!
The fact of focusing on a few assets may indicate a “specialization” of the trader in question. This means that the trader knows very well the instruments he is investing in, and is therefore more “reliable”.
How many positions does he open per week? Is he a trader who has a high level of operation?
Answering these questions helps us understand what risks we put our account in if we decide to copy the trader in question.
Last very important step!
Once you find the traders that in your opinion are worthy of being copied you will (if you want) bring them back into a list (excel or word file) to skim all those traders who don’t convince you yet.
You will report voices as trader’s name, return, risk score, avg trade, profitable trades, portfolio. You can also add the drawdowns voices ( daily, weekly) to have an accurate view of the trader’s statistics.
Once you have created the list of the top traders to copy, you can start copying them, remembering to check their performances periodically!
Conclusion
We have come to the end of this practical guide on how to find the best Etoro traders to copy.
The copy trading function really represents an excellent possibility of gain if used in an intelligent way. It allows you to earn while doing your usual work or while on vacation.
Once you enter the magical world of eToro, you can interact directly with the best traders through the dashboard and learn their best strategies.
Moreover, if you are a good-intentioned trader you can start making money by being copied by less experienced traders.
Good trading everyone, in case you have questions feel free to leave a comment below or contact me at acetrader@forex-expert.net . I will personally replay asap!
To your success!
Forex Expert.
Disclaimer:
The information contained in this post are for illustrative purposes only. They do not represent in any way a financial advice or an invitation to invest your own money following the method illustrated above. The indicated strategy does not represent a guarantee for future results. Trading on financial markets involves high risks. Anyone who decides to invest does so according to their possibilities and knowledge. The author of the post does not take any responsibility for any loss resulting from decisions made by the reader after reading this post. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Thank you.
If you want to improve your trading abilty check this amazing post HERE
hello everybody welcome back to another video today i’m going to show you how to build a passive income monitor copying the best and most reliable traders on this platform before starting i have to make a little disclaimer first if you decide to follow my strategy make sure to test it on on the demo account and if after four six months you see gains you can switch to the real account and the second disclaimer is that performance on this copy trading platform doesn’t depend on us but on other people’s performance so on other traders since we don’t know their uh strategy in uh in total okay we don’t completely you know their strategies of course don’t invest money that you cannot afford to lose because yes you can make money uh but you don’t lose them at the same time so there is no guarantee for earnings keep it in mind okay i’m gonna share with you my uh mental process how i find the best traders uh i’m testing the strategy i started to copy my favorite traders recently i’m up of 2.26 25
so it’s working but never mind that performance depends on these people so don’t invest money that you cannot afford to use let’s start let’s click on discover go here on copy trader viewhole click here on filter time period last 12 months trader statues verified return i wanna set on twenty percent ten percent is too little for me honestly uh risk score is one to five you can choose six if you want but it’s a little bit high profitable trades i wanna set minimum 50 why 50 most traders here set forty percent but since i don’t know their risk reward ratio okay if they have a reasonable ratio about one so it’s very important they have a 50 percent
minimum and the maximum you can go for 80
even choose you can go up a little bit at 85 but it’s a little bit dangerous because traders with a high percent winners uh use risky strategies like martingale okay average position size maximum of five percent i don’t wanna follow people copy people that are have too much exposition on exposure on the markets okay it’s very important
apply so here we are we have the list the complete list of our traders to copy you can uh you must look at all of them so you can make a list on a folio so you will have all the numbers like return race cork appears trader profitable trades so at the end of the selection you will choose like the top 10 top 20. it depends on your capital of course
so uh follow me now because this is the most important part we’re gonna check the
profile you will find many interesting information performance strategy background how to copy this is very important copy open trades for a minimum of six hundred dollars and blah blah blah second we can check the portfolio so we get an idea of what the trader is uh is focusing on okay if the forest market or uh stocks market or commodities or other assets okay now we have to check the chart this is the most important part so pay attention we’re gonna check last year of if we have the last two years is better so what you must pay attention to you must pay attention to the equity line if you see the equity loan growing steadily months after months then we know that this man or this woman is doing knows what he’s doing okay the equity line is everything that’s everything about the trader we know if he’s a good trader we can see the drawdowns for example you know uh was up to 12 then was down 11 so you can calculate your drawdown and see how much you can afford to lose you can uh check the equity lines
of all these traders then you select them according to the growing the quality of their lines let’s see
let’s check another trailer green bull invest okay fit info for copiers this is a long term portfolio uh remember to always check copy open trades results come from investing to this portfolio monthly basis strategy about us okay is franco’s group okay portfolio
okay let’s go to the chart so another interesting equity line is growing steadily months after months they are having interesting earnings drawdowns are not too big as you can see from the line
so you see the process if you have questions leave comments below you will check all the trailers of course if you check them all you will have a bigger picture okay you will understand which trailers are are good to follow or the bad ones you’re gonna have an idea okay and you’re gonna make a top 10 or top 20 depends on your uh account sites so i hope you enjoyed the video leave a comment below remember this is strategy and it may not work in the future those traders are human too so they can lose uh test the strategy on the demo account and if you see gains switch to real with money that you can afford to lose so for today’s everything see you soon bye
you
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