Create a passive income source with Copy Trading on eToro
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If you do not have time to learn about the market and invest on your own, Copy Trading on eToro is a perfect solution for you. This is a very effective method of generating passive income that is being applied by many investors.
Benefits of Copy Trading
Copy Trading is not only for those who are new to the market, who do not have much experience and less time to trade, it is also used as a method to help diversify an investment portfolio.
Compared with self-investment, Copy Trade has the following advantages:
- For self-investment, traders must monitor the market on a regular basis, hone their trading knowledge, learn from experience, and create new trading methods to bring higher efficiency, learn how to manage capital, control psychology, etc. As for Copy Trading, traders don’t have to do anything. They just need to choose a good investor, choose the amount of capital and then click on the “copy trade” box and do whatever they like without caring about market fluctuations and still earn stable profits.
- For traditional traders, often have to spend money, time and effort to test new investment methods, it takes a long time to see results. And Copy Trader just needs to find out which investors have good risk management, have a high rate of return in a certain period of time and have the right trading style for them to copy. Copy Trader can select many different investors at the same time to compare the effectiveness. This does not take much time but also helps them to have a perfect investment portfolio and bring in good income despite practically having no investment experience.
Copy Trading on eToro
In this day and age, along with the development of science and technology, you can make money like a skilled investor without learning trading skills by using the Copy Trade feature. Among the current Copy Trading platforms, eToro is the best-rated platform for this feature.
Here are the benefits of copying trades on eToro:
- Don’t need too much capital to start investing, with only 200$ you can Copy Trade
- No additional management fees
- All information about investors is very clear and transparent for you to consider and decide for yourself
- Learn from experienced traders and trading strategies and apply them to manual trades
- Chat, exchange with popular investors right on their posts
- Stop copying whenever you want
- No copy fees
In addition, eToro also has an extremely large number of leaders, spread across many markets such as stocks, cryptocurrencies, forex, ETFs… with smart and effective screening tools. You can easily find the leaders you like with good past trading results. In case you want safety, eToro provides a risk score for you to quickly know if the leader is a stable investment or not.
* See more: The complete guide eToro from a to z
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