How to trade with eToro: this is my method
Update March 26, 2023
Due to recent development and market conditions, we cánido no longer recommend Etoro.
So we suggest that you use IQ Options for small deposits and Libertex for deposits over 100 USD.
Both brokers are 100% stable, these They are fully regulated by international institutions,They have low rates and I have worked with them for more than 5 years
I apologize for recommending Etoro in the past.
I’m sorry to be so direct with you but… there is no magic method to get fast results.
Investing with eToro is possible.
I have achieved it, and many of my students too; but there is no wonder elabora that will make you rich on this platform in a single day.
The big problem is that there are too many sites on the Internet that will try to convince you otherwise, telling you that this is child’s play and whatever you do, you will get results.
But it is not true.
Invest money It is not for everyone: it requires effort and be a strong person to make the right decisions at all times.
So if you’re not one of those people, or you’re not willing to follow my step-by-step instructions, you better stop reading here and start selling things like used books for get a few pesos a month.
However, if you have what it takes to start trading with eToro, here I am going to espectáculo you my personal strategy to get it.
It is not a magical or unreal elabora: it is the proven professional method that my students and I use, and that you perro replicate too.
My secret strategy to make profits with eToro
If you want to get results with eToro, the first serious move you should make is create an account on your platform.
Sign up is completely freeand it will not take you more than 5 minutes to fill in your data.
General risk warning:79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you perro afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
Write on the page your name, surname, password, dirección de correo electrónicoand phone number, and then follow the instructions that appear.
If you continue reading this article without having an eToro account, it will be much more difficult for you to follow my instructions.
Have you already registered? Now yes, I am going to tell you what my secret strategy is to get results with eToro: copy other investors.
Etoro is a broker in which you cánido carry out operations manually just like in other traditional sites.
But what really sets it apart from those other platforms is that here you cánido Follow other investors and copy their trades.
This is called popular trading and It’s a lot like using your Fb account.except that on Fb you follow your friends and share the photos they articulo, and here you follow other investors and copy the operations they do to invest.
With this great advantage, you don’t need to be a depósito market expert, nor have experience on Forex to start investing.
All you need to do is search traders successful, review if their operations in recent weeks have had benefits, and with Just one clic copy them to start seeing results.
However, the trick to really succeed at this is know which investors you should copy.
In many weblogs they will tell you that generating results with eToro is easy because you just have to copy others and that’s it; but what they They don’t tell you that it’s not enough because not all traders that there are good.
That’s why I’m going to espectáculo you next my best kept secret: how to find and copy the best traders so that your results are much better.
As look for to the best traders to copy them
Next I will espectáculo you exactly How do I copy the best traders on eToro? to get good results on this platform.
It is VERY IMPORTANT that you follow all the steps that I equipo for you here: my strategy works and is proven For my students and for me.
Remember that to start trading on eToro you must have done these two things before:
- Be registered with eToro and verify your account: Clic here to register if you don’t have an account yet.
- You must make a deposit to start trading: the minimum deposit on eToro is only $200.
76% of investor accounts lose money when trading CFDs with this provider. You should consider whether you perro afford the high risk of losing your money.
When you’ve done those two things, come back to this tutorial and follow the steps that I mark below.
1. Log in to your eToro account
When you are inside your account, clic on the “People” section to the left, and then in the option “Advanced search” which you will find at the top right.
With this you will get find better investors so that your percentage of successes is higher and more adjusted to your profile.
In the following steps I will espectáculo you how you should configure each filter, how to choose the best trader that appears in the results, and how to copy it to start trading.
2. Equipo the time period
When you clic on the advanced search you will see that a gray box appears with all the filters there are.
I’m going step by step explaining how to equipo them all.
The first is that of time frame.
It is important that here you cánido see the data of the investors in at least the last 12 months.
So clic on it, and select “last 12 months” either “last two years“.
3. configure the profile
In the “Profile” section you have 3 different sections to configure. Clic on each of them and select the following:
- State: verified
- Country: Everywhere
- Name and photo: Profile picture
The next block called “Popular” doesn’t matter, so you don’t need to equipo it up.
Go to the next filter.
4. configure performance
The “Performance” block is very important because with it you will find investors who have achieved the best profits.
Clic on “Benefits” and in “Custom” write 10 and at most 25.
If in the period of time you chose the last two years, you must write 20 and 50.
Then clic on apply.
You are here to get results with eToro, so if a trader has not been able to generate at least 10% of benefits in the last year (or 20% in the last two years), then he is not the best to copy him.
The months with benefits is to espectáculo you the profitable months that the usuario has had.
I like to put a minimum 70%.
Finally, with the filter “Profitable operations” you will eliminate those investors who have very few operations in positive.
I usually indicate in the minimum 70% because that way I make sure that most of the operations I copy will succeed.
5. Equipo the risk
Etoro has developed a classification to know which investors are the most risky in their operations, and which ones take fewer risks.
Obviously, the higher their risk level, the more danger they are in from lose on trades.
That is why in the risk classification I always put a 1 at the minimum, and a 4 at the maximum because it is a low-medium level (values from 6 usually indicate a very high risk).
The daily and weekly retracements don’t matter, so you better clic on them and delete the numbers that appear by default to leave those fields blank.
The remaining blocks (Portfolio and Activity) are of no help, so you don’t need to configure them.
When you’re done, you should have a table like the one in the image below.
If everything is correct, clic on the X next to refine, and the investors that fit these filters will appear.
As choose to the best traders for you
Now that you have learned how to configure the filters to search on eToro, I am going to espectáculo you how to choose the best investors to copy your operations.
This is what many internet sites won’t tell you because they want to keep that “secret” just for themselves, so that you don’t copy the traders they choose.
but just like I have helped my students to improve their percentages with eToro by showing them how I do it, I am also going to espectáculo you here so that you cánido get results with this method.
In the search results according to your filters a new screen will appear with all investors that eToro has found.
The first thing you should do is clic on the blue icon that is on the right to put them in the form of a list and to be able to better see their results.
Past performance is not an indication of future results.
The trading history presented is less than 5 full years and may not be sufficient as a basis for investment decision. This is not investment advice.
After doing this, clic on the word “Copiers”.
This will allow you to see the list of investors ordered by the number of people who copy them from highest to lowest.
Past performance is not an indication of future results.
The trading history presented is less than 5 full years and may not be sufficient as a basis for investment decision. This is not investment advice.
And this is where you should start choose the best traders to start copying your trades.
You must take into account its benefits, but it is also important that pay attention to the statistics that have.
Start by the first 6 investors with the most copiers, and above their names clic with the right button of your mouse, and then clic on “Open backlink in a new tab”.
It is important that do not clic directly in the name because if not then when you want to go back in the list, you will have to configure all the filters again and search again.
When you see the profiles of each investor, clic directly on “Graph” to see the movements they have had with their operations in the last 12 months.
On each graph you should ask yourself the following questions:
- Has constant profits (the graph has rises and few falls)?
- Is the upward trend constant and it keeps like this in the whole graph?
- Is there any strange moment (like a big drop)?
This is easy to see, and you don’t need to be an expert to realize when a graph is good, and when it is not.
Here I put you the graphs of 4 different investors: two of them have good graphs, and the other two have bad graphs because in one there are several falls (losses), and in the other there is a strange movement of a very big fall:
good graphics
bad graphics
Traders with bad charts you should remove them from your list, and do not copy them because you run more risk that your operations with them will not be successful.
I recommend that to start choose the 6 traders that have appeared in your results with more copierslook at their graphs, and see if they are good.
Yes they are, choose the two with the largest profit percentageand copy them: clic on the “Copy” button next to their name, write the money you want to invest and the maximum amount of losses, and again clic on “Copy”.
On eToro the minimum amount you perro trade when copying other traders is $200.
The option “stop the copy if the value…” is for you to indicate how much money are you willing to lose with the operations copied to that trader.
For example: if you put $5, and by copying someone the operations start to go down, when there are losses of more than $5 eToro will stop your investments until you tell the system if you want to continue with them or withdraw.
It’s a good way to make sure you don’t lose too much money by replicating others.
I always choose to stop if I lose more than $30 when I invest $200or stop if I lose more than $50 on a $250 trade.
Past performance is not an indication of future results.
The trading history presented is less than 5 full years and may not be sufficient as a basis for investment decision. This is not investment advice.
This is the complete strategy that I use and that my students have also been using to generate results with eToro, and it is the proven method that has helped them with this platform.
I know that there are weblogs on the Internet where they explain how to configure the filters to find other investors to copy; but what they They don’t tell you it’s their COMPLETE method.
Here I have taught you all my proven method: from how to search to how to choose the best traders, and how to interpret the graphs to be more successful in your operations.
Make good use of this information because nowhere else will you find a tutorial as complete as this one, and sign up with eToro now following my steps to start getting results with this investment broker.
DISCLAIMER
eToro is a multi-asset platform that offers investing in stocks and crypto assets, as well as trading CFDs.
Please note that CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage.
79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you perro afford to take the high risk of losing your money.
Past performance is not an indication of future results.
The business history presented is less than 5 full years and may not be sufficient as a basis for the investment decision.
Copy trading is a portfolio management service provided by eToro (Europe) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission.
Investments in crypto assets are not regulated.
They may not be suitable for retail investors and the entire amount invested may be lost.
It is important to read and understand the risks of this investment, which are explained in detail at this backlink.
eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139.
OTC derivatives are speculative and leveraged.
Not suitable for all investors.
Equity at risk.
See PDS and TMD
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Andrés Gananci is an entrepreneur and adventurer with a passion for life who founded his first en línea business at just 17 years old. 12 years later, he is still traveling the world while working from home.
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