New eToro trading strategy By Patricbensen

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New eToro trading strategy By Patricbensen

  Online trading, currency trading, currency exchange, its all about the price for currencies being traded. It’s the world’s largest financial marketplace where ‘’money makes money’’.

 Any personne in the world now can ‘’buy/sell’’ currency trying to make profit.

Key tools : when to buy ? Then when to sell ?
 This concept is not easy to get, online trading requires skills and marketing experience. Currency, stock, oil and gold prices changes all the time, affected by diffrent kind of factors : economical and political situations, wars, climatic circonstances and many others… Becoming a good trader to collect profits requires many years of practising.

 But what if you do not have to learn trading ? What if i told you that eToro is the first platfrorme where you can ’’trad’’ without ‘’trading’’ ??

HOW ?

This video is the answer !


YES ! You can trad by copying what the best traders in the world are doing !

 Its a platform that acts like a middleman between traders where the process of buying/selling is so simple visually. ‘’Normal’’ people are trading online here too by using the ‘’eToro Copy Trader’’ option ! The option that let them earn money from the experience of the best traders !

 Let’s get started, signup for an eToro account (NB : Use your real full identity, otherwise, you’ll face problems in receiving your payments because eToro will need to verify you by a scanned copy of your ID)
Important Note : Withdrawals are made ONLY by the same method you funded your account with.
 Minimum amount to invest in one trader you copy is 100$ (to fund your account, use a minimum of 500$ to invest in 5 traders, it’s a strategy to be in safe and for low risk)

 You can choose ‘’practice mode’’ to get familiarized with the platform.

 How to choose a trader ?

 The trader that we are looking at to copy is the one with an increasing graphs (over 6 months) without big jumps or long losing periods.

how to earn money online trad trading etoro




 What trader’s portfolio to search ?
  Go to the trader’s portfolio, the allocation graphic should be made up of more than 90% Currency trades, 99% of them must be low risk.

how to earn money online trad trading etoro


 Risk Score
  Choose a trader with Risk Score between 1 and 3

how to earn money online trad trading etoro


 Search for real traders !
  Our trader must make his trades by himself, not copying other ones (0.0% people)

how to earn money online trad trading etoro


 Avoid negative Open Trades !
  Negative Open Trades are trades opened more than a month waiting for the price go back after it went to the wrong direction. Our searched trader is not a ‘’gambler’’ and have trades just opened hours or few days ago.

 Our trader is active !
  Open trader’s history, our trader has at least 100 trades/ year, he must be active and trading every day !
  + Look out Avg Loss percentage, it must be under 30% !

how to earn money online trad trading etoro


 Many people trust the trader !
  Our trader has many people copying him. A good history graph + many people copying him = A good trader to worth about, take a closer look at him. Click on Copiers on the People tab to sort traders by the number of Copiers they have.

how to earn money online trad trading etoro


AUM RANGE
Indicates how much money has this trader attracted. That's important to choose our trader.

how to earn money online trad trading etoro

 
 Max Drawdown must be under 20%
  If a trader’s capital is $1000 and at one stage negative exposure was $400, it means drawdown for that period was 40%, which is a lot !

how to earn money online trad trading etoro




 Keep in mind: Reading the stats page is a skill in itself that you’ll pick up once you start and only with time will you learn all the small details that will help you choose traders.


 Ok, now let’s search your trader, find at least 5. You have to divide your money equally between them.
 The more diversified the less chance of big loses. Search for lower profit in long term by minimizing potential loses (copy traders with low to medium risk portfolios but proven and positive record of their last 6 months).

 Apart from the Copy Trader feature, market is actually something that could interest many people who wanted to invest in stocks but have been put off by the technicalities of the whole process.
 eToro offers several trading and investment opportunities including:
  Live/day trading on any markets available on eToro
  Investing in Stocks
  Investing in Indexes
  Investing in Commodities


how to earn money online trad trading etoro

 Stock options:
  You can invest as little as $10 in each company and buy or sell stocks any time you want. You don’t even have to buy full stocks like you do via most brokers! Just invest a set amount of money, no matter how much one individual stock actually costs.
 To check stats of each stock simply Google it and it will show you the historical price graph (up to 30 years ago)

 Now fund your account (eToro offers credits on first time deposit !The more you deposit, the more credit money you receive ! Remember, only to first time deposit !). Use credit/debit cards or PayPal or ther payment methods possible. No deposit fees charged !

 Find traders you want to copy by sticking the filters obove. Analyse your trading activity two or three times per week, if the trader’s performance goes down (over a month), un-copy him and go look for an other good profile to copy.

BE PATIENT ! TRY TO WAIT AND ACHIEVE LONG TERM PROFITS OVER

LEVERAGE : Intresting feature for eToro, allows you to trade with more money than you have !

 How ? eg. You place an order to buy OIL for an amount of 10 units (220$), you set risk level at (x5) leverage. By simple calculating, you are effectively buying 1100$ (220$ x 5). If the price moves just by 10%, you will make 110$ ! (instead of 20$ if you wouldn’t use leverage). And you can increase your profits even more by using higher leverage ! But with more risks if the price goes down.

how to earn money online trad trading etoro


 Another important note, if you are trading on long term, don’t forget to click the Carry Trade Over Weekend so that it’s not automatically closed on Friday when markets close. There’s a small fee involved for carrying trades over the weekend.

 Withdrawals : (as i said before, withdrawals are made exactly by the same method you funded your account with), minimum withdrawal amount is 20$.


 For withdrawals between 20$ and 200$ : fee is 5$.

 200$ - 500$ fee is 10$.

 Larger than 500$ fee is 25$.

 Be attentive : 600$ takes 25$ fee but 500$ costs 10$ (so split the 600$ into two parts and pay less fee !).

 Good luck ! We hope hear your experience and adventures with eToro in comments.
 Special thanks to Andrew Minalto for all the helpful work he did.


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