We’re happy to announce that we’re going to be featuring selected Popular Investors whose successful trading strategies have attracted copy traders on the blog. We hope that doing so will give you a better sense of who’s out there on the eToro network, and help you with some suggestions of people to follow and copy.
Our PIs specialise in a wide range of investment instruments and strategies, and can offer unique personal insights into commodities, currencies, indices and stocks. They come from over 140 countries around the world and have perspectives and insights into different markets that could revolutionise the way you trade!
Every PI has a trackable record and a proven success rate. Best of all they are all private investors at eToro who started out like you, building up strong personal portfolios and developing effective trading strategies. These people could be worth listening to!
Thinking about copying one of our PIs? Here are some tips to improve your Copy Trading technique.
5 Simple Rules for Becoming an Effective Copy Trader
Copy Trading at eToro is a fast and simple process. Our People Discovery Tool allows you to search through our database of over 4.5 million registered traders and choose the investors whose profiles interest you. It takes just a couple of clicks to start automated Copy Trading at a level that suits your budget and financial goals.
1. Use our People Discovery Tool
Our system helps you to follow, analyse and copy the best popular investors.
Define your investment and trading targets and focus on them:
– Which assets are you interested in?
– Are you a long term investor or short term trader?
– Do you want to get exposure to a specific market?
2. Practice Effective Risk Management
– Set a realistic copy trading budget
– Explore each traders records and portfolio
– Monitor the volatility of your own portfolio and be alert to market changes
3. Learn and Diversify
Use copy trading to learn more about the financial markets and the performance of different assets.
The eToro platform provides you with the opportunity to invest in a diverse range of currencies, stocks, indices and commodities. By contacting your peers directly you can add ample diversity to your portfolio.
Don’t be afraid to ask questions and join discussions – they are your chance to learn something new and improve your knowledge.
4. Trust your Copy Trades
When you select PIs to copy you need to be as thorough and analytical as when you select an asset to trade. Take the time to explore and check each trader’s history and statistics. When you are confident that you have made the right choices, stick with your strategies.
Don’t be tempted to jump ship until you have a clear picture of how each investment is performing. The markets can be unpredictable and even the world’s most successful investors will experience periods of loss.
5. Contribute to the Community
Get to know other traders and share your insights and experiences with them. You can make lifelong financial connections with traders and investors all over the world. The more you put into social trading the more you will get out of it!
Want to make a Second Income?
As soon as other traders begin to copy you, you too can join the PI program which offers the opportunity to start earning a second income, either as a flat monthly commission or a percentage of assets under management (AUM).
Your profits will be calculated automatically through the trading platform. It pays to be copied at eToro!
For more details on the PI program don’t hesitate to contact us at popularinvestor@etoro.