I made over 11% annual profit last year, with no trading experience, just by automatically copying the trades of successful professional traders.
Have you always wanted to start investing but never knew where to start? Have you wanted to trade stocks but afraid of the learning curve? Or do you already have a portfolio of investments and are just looking for something new?
If you answered yes, then you should take a look at CopyTrading.
For the past few years, I've been using Copy Trading to generate returns in excess of 10% per year. And I've been doing it without extensive knowledge of stocks, forex or investing. That's why I love copytrading. I've built this site to share with you what I believe will be the future of investing.
So read on to learn more about copy trading. If you get stuck or have any questions, feel free to shoot me an email.
It's a simple concept - whenever an professional trader opens a trade in their trading account, your account will automatically open that trade too.
Let's pretend there is a professional trader - we'll call him Steve. Steve spends his days analysing markets to see which assets will be worth more in the future. He buys the asset (lets say Apple shares) at a low price, and sells them at a higher price in the future. This is how Steve earns a living.
With Copy Trading, every time the professional trader, Steve, makes a trade, a similar trade will be opened under your account too.
Thanks to the advent of Copy Trading platforms like eToro, you don't need to manually copy trades. You simply "copy" a the trader, and now their trades will be mirrored to your account. So whenever Steve makes a profit, your account will too.
The place to begin your copy trading journey is on the worlds largest Social Trading network eToro. eToro is what you'd get if you combined a stock broker and a social network. The result is a platform where everybody's trades are available to be viewed. But most importantly you and automatically copy the trades of any investor on the network.
I've been using eToro for the past 5 years and I've put together a comprehensive review of etoro here. Although I've tried out some of the other copy trading platforms, I haven't found one that works aynwhere near as well as etoro does. I'm excited to see more competition in this space, but so far it is still in the early stages.
The good thing about about copy trading is that it takes relatively little capital to get started. In the past, investing in hedge funds or term deposits would require thousands of thousands of dollars to get started, and then your money would be locked away and not accessible to you.
With Copy Trading you can get started with just $100. The minimum amount to a copy a single trader is $100. If you're looking to copy a few people than you'll obviously need a little more and this all depends on how much you can afford - never invest money you can't afford to lose. Copy Trading 2-5 people will diversify your portfolio.
You can start and stop copying people anytime you want so you'll always have access to your capital.
Although copy trading is a relatively new concept, the advantages are already well proven. During the Brexit event, the majority of etoro investors made a profit, even though the world markets were wiped out. Here are just some of the advantages of copy trading:
So how do I actually make money from Copy Trading? Well I follow between 1-3 traders at any one time. When the trader makes a trade, that same trade is copied over to my account as well. If the trader makes money, I do to. That's how simple it is.
Let me explain a bit more about to find traders to copy...
Etoro includes tools that allow you to filter and find traders who meet your goals. Here are a few search parameters that I reccommend:
If you're stuck not knowing who to copy, then I recommend trying CopyFunds instead. eToro launched CopyFunds in 2016. These funds group together a number of popular assets or traders, and allows you to invest in them all at once.
For example you can invest in the "top perfoming" copyfund. This fund features the top traders on etoro. You simply allocate an amount of money you want to invest in the fund and the rest is handled automatically.