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What Is eToro? Social trading allows its users to connect with each other, share their trades and copy trades of successful traders to have maximum gains. In the recent year eToro has introduced ways to trade Bitcoin and other cryptocurrencies as well.
For US clients, buying Bitcoin using eToro is a great way to gain exposure to this explosive market. At eToro you can trade real Bitcoin and cryptos and store the digital coins in your own eToro crypto wallet.
You just need to know how it works in simple words to get a quick hang of it. Have a look at the 3 steps that are typically involved when using copy trading system: 1.
It is a news feed style system where you see posts and updates from the people you follow. You can also receive tips and educative posts from them that can help you learn to trade as well.
- New traders appreciate the ability to watch the experts and to have a sounding-board for their own ideas.
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So just copy their trades manually or turn on automatic copying. Once their trade is finished, you get the profit or loss based on how the trade goes. You can manually cancel trades as well. Build Your Own Following When you start trading on your own and become pretty good at it, you can build your own following of people who copy your trades.
Lower leverage means low risk. The lower the better. This can be a crucial parameter to your eToro copy trading success. Minimum No. The higher traders a trader has done, the more meaningful data you will have to analyze.
Best Copy Trading Platforms - 2021
Average Duration of Trade Based on your preferences, you can set a time period of how long the avg. Well that is because of the reward system. If you have a good following of people who copy your trades, you can get monthly payments.