When investing in stocks, there are lots of factors to consider—studying how the market works, learning technical and fundamental analysis, and making your own strategies. If you’re new to investing, don’t get overwhelmed. All investors have gone through these stages before they become successful in investing. Start learning now so it won’t be too late for you. It’s best to start young as well because you have more time. You can still manage your expenses. Set aside a part of your income and invest it.
If you try to go to the US stock market, you will discover a system called “copy trading.” It’s often talked about in eToro. Today, I’ll share with you some of the information about copy trading to make things clearer.
The concept of copy trading is basically copying an investor so that every time he/she makes trades, you will have the same trades in your portfolio. This means that once you copy an investor, you don’t have to do anything and just let your money grow. It’s good for new investors who are starting to learn about the stock market. It’s good for new investors who don’t know where to put their money yet. Copy trading is good for all types of investors.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Since copy trading is “copying” an investor, you have to trust your investor 100%. Else, you won’t be successful using this system. Trust is the number one requirement when you copy trade. This is why when you are copy trading, you have to choose an investor you are confident with. Put your money in an investor you trust so you won’t regret it later. Invest your cash in an investor who you think will prosper for a year or after a couple of years. To invest in US Stocks – Click this.
It’s better to choose an investor whose risk is from 1-5. When you go for someone whose risk is higher, it means that the risk in your portfolio is high as well. So, when the market is in a massive correction, you will see your portfolio in red. The best way to protect your money is to choose someone who uses low risk so that when there’s a massive correction, your investment is still stable. Low-risk investors are slow gainers. They choose their trades carefully. They choose the stocks they buy with enough knowledge so as to benefit their copiers as well.
Copy trading will require you around 10,000 if you are trading in eToro. $200 is the minimum investment you need. When copy trading, you can add or remove funds or stop copying. You can add as low as $50 or about 2,500. It’s just like adding investments to your portfolio. Yet, you don’t need to do anything about it. Just add it to your investments and let your money grow. Copy trading is one of the easiest ways of investing to do.