How to make money with eToro
- Your Money Site
- Jan 2, 2017
- 3 min read
How to learn to trade by following experienced traders?
When starting out in the stocks and shares industry you might find times where you feel like your head will explode! Learning stocks and shares may seem like hard work, but it's quite simple once you understand the basics. A lot of sites offer free courses and universities, where you can learn all you can regarding how to know when to take a trade etc.
Trading stock and shares is a good way to make some decent money if you learn all you can about how trade effectively. Some even go on to have a full time career and grow wealth with learning.
Ever heard of Warren Buffett? He is considered to be one of the worlds most informed investor with a successful net worth of 73 Billion!! Disclaimer - Learning to trade professionally involves risk management as your loss may exceed your deposit. If you've tried to learn how to trade and are sill at a loss then don't worry. We feel your pain! That's where eToro can help!
eToro offer you a platform to trade over 1000 global assets; CFD Stocks, Currencies, Commodities, Indices, ETF's and ADR's. eToro offer you a $1000 demo account to practice. What we want to talk to you about today is the copy mode on eToro. This has helped thousands of people make money online by simply copying a Stock and Shares Expert. What does this mean? Simply put, on Etoro, you have the option of searching through trader's stats to see their popularity (how many traders follow them), their profit and loss portfolio over the last; week, month, year etc. Once you have picked a trader you wish to follow simply click the copy button. You can then edit the trade amount you wish to place and even the stop loss amount!
Copying Trading is relatively simple, but be warned, it can take a while to see larger profits if you're using a small bank roll. When trading stock and shares, you must be aware that it is a slow process. Traders on Etoro take calculated trades to increase their balance effectively, at a rate that will not make you rich overnight, but, will offer you a way to invest wisely by following the pros easily. Etoro now has around 4.5 milllion traders that use the copy mode to make money online and t'is growing daily!
You have the option of copying multiple traders and diversifying your portfolio, by allocating a portion of your funds to each trader. How to do this:
* Step one Open your account by registering with eToro here. * Step two Confirm your email address * Step three Browse through over 3 million traders to copy * Step 4 Select your copy amount, stop loss and amount per trade. * Step 5 Sit back and examine your portfolio Trading on eToro is not a get rich quick scheme and you could loose all or some of your deposit if your trader is having a bad day, which is why we advise to diversity your portfolio by copying multiple traders and not just one. eToro's disclaimer - "Past performance is not an indication of future results. Also, Investing in leveraged products carries a high degree of risk. eToro offers protective measures to manage risk effectively, but it is possible to lose more money than invested in each trade. However you can never lose more than your total balance." Always remember you can stop copying a trader at anytime from your account area.
We hope you've enjoyed this blog post, check out our forum to discuss more money making tips and advice.
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