How to Copy Trade Cryptocurrencies - eToro Guide

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Nolo
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How to Copy Trade Cryptocurrencies - eToro Guide

Postby Nolo » Tue Mar 03, 2020 3:17 pm

Over the years the crypto industry has flourished, becoming the perfect place for trading due to its high volatility. Being a trader isn’t easy, and to buy and sell profitably intense study is required. Professional traders know different strategies and have a deep understanding of how financial markets work.

It’s also important to be able to easily control your emotions and be disciplined after entering a trade. Fear of missing out (FOMO) can easily force traders to make bad decisions and end up losing money for it: when entering leveraged positions, the damage can be enormous.

eToro’s copy trading features allow new traders to at the very least allocate a portion of their portfolio to copy professional traders. Those who don’t feel comfortable yet may even use their entire balance to copy professional traders to learn from their moves while earnings from them as well.
Generally done in the context of a social trading network, copy trading is a process where investors can copy positions opened and managed by other traders. The investor only has to choose the amount of funds they wish to assign to the copied investor and, from then on, every decision the copied investor does is replicated in the investor's account.

Platforms allowing for copy trading usually let users stop copying other traders whenever they want to. Copied traders are compensated with a flat subscription fee per trader copying him, with based on the fees received from the assets copying him.

eToro’s Copy Trading

A game changer in the industry, eToro’s award-winning CopyTrader technology was released in 2010 and was one of the pioneers in the industry. eToro is a social trading platform where traders and investors can connect, share, and learn from each other. If you want to invest in a multitude of assets (top stocks, ETFs, commodities, cryptocurrencies) like a top trader, it’s possible to do so while sharing knowledge with other users. We will show you how to get started on the platform by following the steps below.

Step 1 - Access here and click on the green button “Get Started”.

Step 2 - Fill in the information necessary (name, email, password, phone number) to create the account (using Facebook and Google is an alternative). When done, check the two boxes below and click on the blue button “Create Account”.

Biwes
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Re: How to Copy Trade Cryptocurrencies - eToro Guide

Postby Biwes » Wed Mar 04, 2020 6:34 am

Wow, that's a very informative article.
Thanks for this one a lot !
Good luck with it.

Danidara
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Re: How to Copy Trade Cryptocurrencies - eToro Guide

Postby Danidara » Wed Mar 04, 2020 11:25 am

It's very important to be someone who knows a lot about crypto to earn money on it. Having a couple of good sites can come in handy and I'm sure guys that this one will be very useful for you ! Don't hesitate to start learning about it. It might be very safe.

gibsson23
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Re: How to Copy Trade Cryptocurrencies - eToro Guide

Postby gibsson23 » Fri Mar 20, 2020 8:11 am

cryptocurrency trading can be very profitable. Did you see Bitcoin fall last week when it touched 3,500 USD? I was scared to death. Luckily it bounced back and now it is trading a 6,500 usd. Either way you need to have a trusted website to purchase bitcoins from. Especially when you need your coins here and right now. I can tell that is really on of these websites you can rely on if you wish to purchase crypto quickly. Not a brainer at all


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