11 rows · Dec 08, · Our top picks for the best platforms to trade Bitcoin, crypto, stablecoins and 5/5. The Bitcoin Trader software has been created using the most advanced programming the trading world has ever seen. Get a copy of our proprietary software free of charge now. WARNING: Due to extremely high media demand, we will close registration as of 13/12/ - HURRY. Oct 27, · Jeppe Kirk Bonde. Jeppe is another one of the most copied traders on eToro with 8, copiers on the platform. In the last 12 months, he has seen returns of %. In , Jeppe had an impressive return percentage of % and was mostly in the green month-on-month. As of mid, he is in the green by %.
Copy bitcoin trader🥇Best Traders to Copy on eToro December | Full Beginnners Guide
Remember that any losses or gains coming your way will be entirely determined by the results of their trading endeavours. During your selection process, proceed with caution and properly utilise the filter facilities.
This will save you a lot of time, as there are literally millions of traders in this space. As you can see from the list of filters — which are available when searching for the best traders on eToro, there are lots of different options to explore.
In your search for the best traders on eToro, a lot of investors consider this metric to be the most important indicator to study. When it comes to the performance record we recommend that you pay full attention to the timeframe illustrated.
All of a sudden this could be a lot less attractive. In other words, it is a strong sign that they like to take big risks in trading. We would advise favouring copy traders who have at least 12 months experience on the platform. In a nutshell, AUM Assets Under Management is the total cash value traders like you have invested to be able to copy an expert trader.
The total value what the copy trader in question holds in their portfolio. When you are searching for the best traders on eToro you will see copiers and a figure next to or underneath it. This could be loosely compared to how many followers people have on the Twitter platform reflecting how popular they are.
It literally displays to you how many people are actively copying that specific trader. This set of statistics is great for getting inside the investors head. By studying these statistics you are able to gain an understanding of what the investor likes to buy and sell, in the form of a thorough breakdown.
You will also have access to statistics such as average losses and gains from each and every trade. This is a great way to show how much of a risk the trader likes to take. If there are particular markets you are looking to trade in — such as crypto, or mostly stocks, for example — this information is going to be invaluable when it comes to deciding whether the trader is one you want to copy. Trading averages can show you various things, such as the average amount of trades placed per day, week or month for example.
In other cases, a particularly active trader probably prefers short-term positions. These ratings are updated regularly. The risk rating risk meter is measured between 1 and 10 — 1 being the lowest amount of risk, and 10 being the highest. Ultimately, it is entirely up to you what level of risk you are willing to take when choosing a trader to copy. Once the selection process is over, you can start thinking about what your investment budget is going to be.
Here is a simple example of what happens to your own portfolio; post-investment. But, at a weighting proportionate to the amount you invested. And the other way around, if the trader decides to buy shares in Microsoft, you have Microsoft shares too. We should also note that copy traders on eToro tend to deposit extra funds along the way. The reason for this is so that they can boost their portfolio with more assets.
In this scenario, you will be left with 2 options. An investor will usually make an announcement when they are planning on adding additional funds in order to give you enough time to make arrangments.
Whether you decide to or not, it has to be said that the idea is to copy the trade. So, if you truly want to mirror what the investor is doing, then you will need to deposit funds accordingly and in proportion. This readjustment means that eToro will have no choice but to sell some of your shares in order to make some space for the new purchase. You will still be copying the investor, but the weighting will be off.
If you have any experience with mutual funds or ETFs then will already be aware of how to make a profit from copy trading. That is to say, you will make money in the same way as doing it yourself by making a profit from dividends and capital gains.
If the copy trading investor you have chosen has dividends in their portfolio then you will get your share of that. Your dividends will be paid to you as soon as the company shares out the payment.
This is great for making the most of compound interest. Like with anything else in copy trading, all payments you receive will be relative to the amount you have invested. Due to the fact you can adapt your portfolio as and when you want, copy trading is a great way to invest — regardless of what life throws your way. There might be a time when the investor you are copying decides to purchase stocks in a sector you have absolutely no interest in.
In this instance, you can just exit the position manually to avoid exposure in that particular sector. Some people like to use more than one copy trader at a time. This allows you to diversify across several traders — further reducing your long-term risk alongside the way.
As well as a good understanding of how copy trading works and the risks involved, this knowledge is only going to help you in the long run. The answer is not black and white. Of course, much like with traditional trading there is potential to make a profit.
In this case, you are relying almost entirely on the investor of your choosing. A classic case of not putting all of your eggs in one basket, if one investor has a bit of a hiccup, you might not feel the effects as much.
The cost of copy trading is very much dependant on the copy trading platform you use. Generally speaking, you will be able to exit your copy trading position whenever you want, and this can usually be done in part, or in full. The simple answer is no. The shares which are bought and sold are decided entirely by the trader. Having said that, you can take control by closing a position if you are not interested in that particular sector, or even adding a position to your portfolio which interests you more.
Author: Samantha Forlow. Samantha is a UK-based researcher and writer that specializes in all-things finance. This covers everything from traditional equity and fund investments, to forex and CFD trading. Samantha has been writing financial-based content for several years and has a variety of publications in the online domain. At its core, copy trading revolves around learning from success. Just as making mistakes teaches you how to avoid repeating them and to achieve better results in the future, positive outcomes can show you how to keep succeeding too.
With copy trading, cryptocurrency traders can copy positions opened by one or more investors automatically, specifically within a social trading network. In most cases, the copying trader has the flexibility to stop trades which have been copied and manage them on their own.
This means that they can bring copy-based relationships they have initiated to an end, as they see fit. Original investors, whose trades are being copied, typically earn fees through month-by-month subscriptions as compensation.
There are various platforms available for cryptocurrency copy trading , and they utilize a wide range of logic to facilitate trade copying.
A number of copy trading platforms allow traders to put Stop Loss orders on a whole copy relationship, so that they can exert control over their potential risk. Copy trading is often compared to mirror trading. This is a strategy common in the Forex market, enabling investors to copy trades initiated by successful traders — any strategies which work well for one or more users can be copied by another to turn a potential profit.
Originally, mirror trading was open to institutional customers only, before being made available to retail investors too. The automated setup helps to stop investors from emotion-based trading choices, which can lead to negative decisions.
Mirror trading has inspired a number of other strategies since it was launched in the s, most notably copy trading and, similarly, social trading. A trader can choose an algorithm-based strategy from a list of options, considering key aspects such as risk tolerance, preferred cryptocurrencies, goals, and more.
As an example, we can imagine a trader with a low risk tolerance. They decide to mirror a trading strategy with a maximum drawdown at a low level. Automated software keeps this process running for as long as required, to maintain consistent results over time. As a result, even the most inexperienced traders can dive into crypto trading without doing extensive research.
Gathering this information allows traders to compare different strategies and methods before replicating them for their own benefit.
Before social trading was launched, traders were depending on technical or fundamental analysis for deciding their own investment choices. In effect, social trading platforms could be considered similar to social channels that people use every day.
With social trading, users can conduct online trades with extra assistance, which is why some feel it helps novices advance their expertise faster than traditional methods do. They can interact and watch how other, more experienced crypto traders behave, before duplicating any trades which catch their eye. Furthermore, social trading helps beginners to learn why a trader made a particular choice, and build a strong personal knowledge bank over time.
First, there are those who put in the time to conduct their own research, gather information on effective strategies, monitor trends, and build their skills organically.
But the second type are focused on generating money while investing little of their own effort and time.