Finances are tight for most people right now, and for many it’s time to look for new forms of income. Trading, particularly copy trading, is one way that anyone can earn right now. The Covid-19 pandemic, and imminent recession, are hitting hard. Still, there are ways you can get yourself out of a tight spot financially. Trading, and copy trading in particular, is an ideal way to get yourself out of hardship, with minimal effort. We’ll be taking a look at how to make money on eToro, so that you can keep yourself afloat.
Start copy trading on eToro, and earn enough to stay afloat
Copy trading is, in essence, when you use a platform that automatically copies the positions of other traders. These traders may be pro traders, or just have more experience, with successful portfolios. On eToro, you have the option of copy trading from 10 million users, who are trading in stocks, commodities, ETFs, currencies, indices, and cryptocurrencies.
For example, trading stocks on eToro is simple. Set up an account, find the stocks that you want to buy, and make your trade. Alternatively, find a trader that resonates with you, and copy their portfolio. Some of the stocks available on the platform are Boeing, Adobe, Alphabet (Google) and more.
Learn how to trade Bitcoin and other digital assets before the halving
When we look at how to make money on eToro, we have to tackle cryptocurrencies. The Bitcoin halving is set for 18 May 2020, so it’s around two weeks away. The halving, which happens every 4 years, is the third of its kind. Bitcoin halvings halve the reward that miners receive for producing blocks, as well as impacting the interest rate, amount of Bitcoin mined per day, and hash rate.
Historically, Bitcoin halvings have heralded bull runs. In 2012, the halving preceded a new all-time-high (ATH) of $1,000 in 2013. In 2016, the halving signalled the massive bull run of December 2017 – where Bitcoin reached its ATH (to date) of $20,089.
Bitcoin, as the cryptocurrency with the highest market cap, has an effect on the entire digital asset market. So, if you really want to come out of the halving strong, it’s time to invest in crypto. Bitcoin is vital, but diversifying your portfolio is also a good idea. Trade Bitcoin, Ethereum, Bitcoin Cash, Cardano, Ripple, and many more cryptocurrencies via eToro and make the most out of the halving.
eToro’s copy trading feature is an ideal way to get yourself out of a hard place financially, while learning the trading ropes and developing a new skill.
Start trading on eToro, learn a new skill, and earn money as you go
When we look at how to make money on eToro, copy trading is the ideal way. Copy trade stocks, commodities, cryptocurrencies, ETFs, indices, and currencies, and earn enough to keep yourself afloat during these trying financial times. There’s no reason to struggle.