Discover how eToro copy trading works to earn bigger profits. Notably, eToro’s copy trading services set the broker apart from other brokerage platforms. These copy trading platforms still have inherent risk and do not reduce the risks of major personal financial losses. As a forex trader yourself, join eToro’s copy trading platform to invest like a seasoned professional. Once joined, you can instantly copy the most profitable traders. Ultimately, these copied trades will increase your profit potential – even if you’re a beginner. Here’s how to earn bigger profits with eToro copy trading.
Pay eToro Copy Trading Minimum Deposit
Pay the required minimum deposit to get started with eToro copy trading for increased profits. Open your eToro copy trading account with a minimum deposit of $200. As per eToro broker review, you are allowed to copy up to 100 positions in a single transaction – each costing $1 per trade. Keep in mind that eToro requires at least a $1 minimum deposit to copy a new trading position. Before paying the minimum deposit, you can also test eToro’s copy trading platforms on a demo account. These demo accounts include $100,000 in virtual capital to practice copy trading for beginners in a risk-free environment. Definitely, eToro copy trading platform requires you to pay a minimum deposit before earning bigger profits.
Select A Profitable eToro Copy Trader
Next, select a profitable eToro copy trader to increase your earnings. First, open a trader’s profile to assess average risk scores, overall performance, and portfolio diversification. Ideally, you should select a trader with consistent risk management and performance over time. For instance, beginners should prefer a profitable eToro trader with a lower average risk score (less than 5). Once you select a trader, simply click the “Copy” button to mirror their entire portfolio. Or, you can also configure your account only to copy the trader’s new positions. With eToro, you can copy multiple traders – each allotted with different capital. Definitely, choose a professional eToro trader to copy profitable positions.
Follow eToro’s Elite Traders
In addition, follow elite eToro copy trading clients to earn bigger profits. By default, eToro requires all Elite traders to pass multiple qualifications – before sharing signals. Keep an eye on their trading strategies to increase your profitability in the future. Instead of spending multiple hours on your own, you can learn from these elite traders more efficiently. Additionally, set eToro’s “Find Your Match” filter to learn from a trader with similar strategies, styles, and financial goals. Or, you can also follow eToro’s trending investors with increased demand among other traders. Definitely, follow eToro’s elite traders to copy high-profit positions.
Diversify Your Trading Portfolio
While copy trading on eToro, diversify your investment portfolio to earn bigger profits. Even when you copy the most successful eToro traders, your selected assets may fall in real markets. As one of the best copy trading platforms, you can diversify your portfolio to invest in multiple assets with eToro. This way, you can manage investment risk – even when a particular asset experiences unexpected downturns. Again, you can go through a chart-room analysis of a trader’s profile to follow the investor’s latest updates. These profiles also share multiple FAQs to answer queries about the trader’s portfolio. Indeed, diversify your eToro copy trading portfolios to increase earned profits.
Manage eToro Copied Portfolio
Finally, manage your eToro copied portfolio to earn increased profits. Even with eToro’s automated trading, you should regularly monitor your personal portfolio to make informed decisions. Similar to Zulutrade brokers, you can adjust your positions and risk parameters – based on the initial analysis. You can also place personal stop-loss orders to manage risks with each copied position. Ultimately, these practices protect your portfolio from huge risks – even when copied traders place a high-leverage position. With stop-loss orders, you can potentially minimize losses on each trade. Once you achieve the set profit targets, eToro also lets you pause or stop copied positions. Definitely, manage your eToro copy trading portfolio to earn bigger profits.
Indeed, eToro copy trading platform works for all traders looking to increase profits. To get started, make the required minimum $200 deposit to access a copy trading account. Next, compare multiple profiles to select a profitable, consistent, and low-risk trader. eToro vs AvaTrade comparison also reveals you should also follow Elite traders to learn from experienced professionals. To increase your earning potential, diversify your trading portfolio with multiple financial assets. Finally, learn to manage copied portfolios with manual stop-losses to limit major drawdowns during volatile market conditions. Definitely, follow the points above to learn how eToro copy trading works to increase profits.
