Etoro For Beginners | Etoro Copy Trading Strategy | Etoro Copy Trading Review
4Etoro For Beginners | Etoro Copy Trading Strategy | Etoro Copy Trading Review
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Welcome to Our Etoro For Beginners Video!
eToro Copy Trading Explained
Many of our readers ask is eToro copy trading worth it and if it’s profitable – they’re also common questions on Quora and Reddit cryptocurrency and trading subs (you can also copy trade in other financial markets like stocks, forex, or commodities).
There are also many eToro copy trading reviews on Youtube from users who share their experiences and report on who they think are the best traders to copy trade on eToro in a given month.
We’ve been following the popular investor program on eToro.com for some years ourselves as part of our series on passive income and making money online.
How does Copy Trading Work on eToro?
So how does copy trading work eToro wise? Once you’ve opened an account via the official website you’ll quickly see it’s different to other crypto platforms.
Unlike crypto exchanges like Binance or Coinbase, everyone gets their own profile, news feed and wall, similar to Facebook – it works as a social trading platform as well as a place to buy and trade crypto.
So if you search for a coin (or stock) by its ticker or ‘cashtag’ – for example $btc for Bitcoin – you’ll find experienced traders who give their thoughts on the markets and the current price action (PA), and post charts with technical analysis (TA). If they’re part of the popular investor program, you can also copy trade them. Or several people.
So whatever funds you set aside to copy trade with – either part of all of your portfolio, it’s up to you – will be used to automatically replicate their swing trades – their buys, sells, take profit orders, stoploss, leverage if they are CFD trading, etc.
In terms of how to enable copy trading on eToro simply add a trader to your watchlist and click the ‘copy’ button by their name. Also visit the CopyTrader page on the eToro website where some of the best traders to copy trade are ranked in terms of their profit gains over the last 12 months and risk score
eToro Copy Trading Fees
There are no additional fees to pay, you just pay the normal spreads that you would if you were trading by yourself instead of using the CopyTrader feature.
There’s a minimum deposit though, i.e. minimum copytrading capital, of $200. And each individual trade has a minimum amount of $1. Trades are executed instantly in real time.
If you’re approved as a popular investor, you can be paid to trade and allow others copy trade you. Find out more on the eToro website
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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our Etoro For Beginners video. Make sure to leave a like on the video if you gained value from it!
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⏰ TimeStamps ⏰
0:00 intro
0:25 Etoro
8:54 Summary