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How to Make Money on Etoro by Copy Trading
Etoro has been around for a while now, and it has gained traction over the past few years. One of the best features of eToro is its copy trader function. Copy trading was what made eToro stand out from other brokers. It enabled novice traders to copy other successful traders on its platform. There is a huge opportunity for novice investors to make money just by copying other investors on eToro.
Etoro has a huge pool of talented investors to choose from, and with a little diligence, you can automate your investment and make a lot of money from copy trading.
How Does Etoro Copy Trading Works
Copy trading allows you to copy other eToro investors' trade as long as their account is public. Once you copy an investor on eToro, the portion dedicated to copy that investor will mimic each transaction the investor makes in his portfolio. Although there might be instances that your portfolio may not copy trades due to the trade being below the minimum amount, eToro will copy the rest of the trades that reach the minimum.
How Much is the Minimum Copy Amount
eToro just recently increased the minimum copy amount from $200 to $500 due to increased volume on their platform. The increase in their minimum copy amount will reduce the number of small trades on their platform and ease their network congestion. $500 might seem like a huge amount to some, but when you look closer into how to copy trading will spread this amount, the increase is beneficial to the copy traders. Considering most Popular Investors have more than ten positions open on their portfolio, the increased minimum amount will allow copy traders to sync their portfolio to the popular investor.
3 Debt Payment Strategies To Help You Get Out of Debt
After the events of the 2020 pandemic, people are starting to feel the effects of the lockdown on their finances. Unsettled debts have doubled compared to pre-pandemic numbers. People have a hard time settling their debts due to loss of income during the lockdown or the loss of their work. If you are having trouble paying your debts, I have compiled three debt payment strategies to help you get out of debt.
Avoid Credit Card Debt at All Cost
The pandemic has brought the world into financial distress. Several are experiencing mounting debts, which have been steadily rising since the quarantine started last year. People have lost their jobs and cannot settle their obligations due to unemployment and the unavailability of funds caused by the lockdown. Outstanding debts before the pandemic have ballooned due to interests and charges from their lenders.
Credit card debts are one of the debts that many people are having problems with right now. This type of debt typically charges exorbitant fees compared to secured loans due to the nature of the obligations being risky. I used to believe that credit cards are great financial tools as long as you promptly pay the entire outstanding balance before the due date. Credit cards offer deferred payments, rebates, rewards, low-interest unsecured cash loans, and installment payments.
Featured Etoro Popular Investor: Future101
Janilo Omagap is the man behind the Future101 account. He is an Electronics Engineer working as a Process Engineer in a Multinational Company. He shares his financial goal, Financial Independence Retire Early (FIRE) on his Etoro feed. He is active in Etoro and the Facebook group Etoro Copy Trading Philippines. He also one of the moderators of that page. With more than 15 yrs experience in stock trading and investing, he intends to achieve FIRE by 2030.
Never Buy A Stock Because of Fear Of Missing Out
The market has been rising since March 2020. Both stocks and cryptocurrencies have experienced significant gains in the past few months. Huge returns on penny stocks have attracted several traders who risk their equity on companies like Gamestop (GME), Blackberry (BB), and Nokia (NOK). These stocks have reached significant gains in the past few days due to the Reddit forum Wall Street Bets. After some of its users discovered a few hedge funds naked shorting troubled companies, these traders are on a mission to short squeeze these hedge funds. The movement started by these retail investors is responsible for the tremendous gains of those stocks. The euphoria of huge returns and the win against the hedge funds have brought more investors to these stocks.
How to Invest Like a Professional
Back in the day, the results of your investments are dependent on your fundamental and technical analysis. Great traders or investors need a strong foundation in fundamental or technical analysis to have good results. To make a killing in the market, you have to devote a lot of time to studying the market.
Most Filipinos don't want to spend time studying and learning how to invest in the market. The lack of knowledge and misconception of risks in stocks scares most Filipinos from investing their savings. If you don't have time to learn how to invest, there are several ways you can invest and still get similar results as the experts.