Trading successfully is tricky, especially when you’re just starting out. There’s a lot to learn, and the information overload can be tough. We’re going to be taking a look at how to easily earn 10% profit trading crypto per month, without lifting a finger. Sound too good to be true? Let’s take a look at why it’s more than possible.
Copy trading on eToro
Copy trading allows traders to automatically copy the positions that are managed by other traders. But not all copy trading platforms are made equal. We’re taking a look at the world’s leading social trading platform, eToro, who built their social trading title from their copy trading feature.
Copy trading links a specific amount of a trader’s capital to the positions of another investor. So, any action that is taken by the copied investor, like opening a position, will also be carried out on the account of the trader who is copying it.
Copy trading is a fantastic way of learning the ropes in trading, which can take time and a vast amount of skill to conduct effectively. Once you tap into another trader’s account, you don’t have to copy their positions forever. You can also choose to copy trade more than one person at once. Copied traders usually receive some sort of compensation for their work, sometimes in the form a monthly subscription fee from the trader who is copying their portfolio. So it can be lucrative and beneficial for everyone.
Copy trading has resulted in the development of a new kind of investment portfolio – which a number of people in the industry call “People-based Portfolios” or “Signal Portfolios”. They’re different from traditional portfolios, because the funds are invested into other traders, rather than asset classes specifically.
How copy trading on eToro can benefit you
There are a ton of benefits to copy trading. Starting trading for the first time can be overwhelming, and actually making a profit is incredibly challenging for new traders. Copy trading on eToro can give you the opportunity to earn up to 10% profit or more trading crypto, while learning the ropes from experienced traders.
In the time of the Covid-19 pandemic, it’s clear that we’re heading into a recession. Paying bills and earning income is becoming more and more difficult, and most of us have more time to spend at home. Copy trading on eToro allows you to earn a bit of an extra income, so that you either have some more disposable cash, or so that you can pay your bills. There’s no shame in admitting that times are tough, but copy trading can alleviate some of the stress.
Looking at how to easily earn 10% profit trading crypto per month (without lifting a finger) it’s clear that copy trading has more than its fair share of merits. Start trading on eToro today, and pay your bills tomorrow.
Copy trading on eToro can help you pay the bills this month
We’ve looked at how to easily earn 10% profit trading crypto per month (without lifting a finger). Knowing that copy trading is there to help you pay the bills under the current recession is a massive relief. Copy trading is a fantastic way of getting to know the ins and outs of the trading business, while making a profit. Get started on your copy trading journey with eToro today.
Disclaimer: This is not financial advice