How to make money by copying trades of a successful trader. Minimum time and risk
Well, this article is a rare diamond 💎, but you have to finish it to find it!
1. What is copy-trading?
2. What platforms to use for copy-trading?
3. How to find a successful trader
4. The main risks of copy trading
5. The solution that will help you earn
Hi all, my name is Jozy - I am a practicing trader. For more than 4 years I have been earning on the markets: Crypto, Binary Options, Forex. I have a lot of experience and today I want to tell you about a new tool that may allow you to earn good money without wasting your own time.
You just need to do some analysis and spend some time in the beginning) I don't feel sorry to give such valuable information, because 90% of you will read this article and forget about it. We get results only after we do something concrete - remember this. If you do nothing, nothing will change.
If something does not make sense to you, I will be happy to answer any questions. Here is the link to my channel: click 👈🏻
1. What is copy-trading?
I think many should guess by the meaning that copying - is the repetition of transactions (preferably the transactions of a professional, not a fool 🤪, who yesterday opened the stock exchange for the first time).
Consequently, if a pro makes money, you make money too. Copying is not about signals and VIP channels. In order to trade on signals you need to think with your head. Just as you do when trading on your own strategy. Deposits are being lost because nobody wants to think.
Copying is a purely technically implemented tool when transactions on your account are automatically (without your participation) repeated after the transactions of another trader. It is up to you to choose whom to repeat.
For example:
- Trader 1 and Trader 2 are linked by a copying tool
- Trader 1 opens a position to go up at 114.101
- Trader 2 is drinking 🥃 in the kitchen, but the copying system opens the same position at 114.101 on his account
- The deal of trader 1 closes and he earns
- The deal of the Trader 2 also closes and he earns, but he does not know about it yet
Example is even easier: stand against the mirror and you will understand everything
If whoever you copy loses money, you lose money too. That's why you have to learn how to use copying. This is what we are going to focus on in this article.
The ability to copy other people's trades has recently appeared on many popular trading platforms. We start from binary options and end with cryptocurrencies.
A tool with huge potential, so you have to not only know about it, but also use it.
2. What platforms to use for copying?
To be honest - it's not as important as the third point, but here's a quick tutorial on how to find a platform for your market where you can copy other people's trades.
- cryptocurrency copytrading - Binary options copytrading - forex copytrading
You will find a lot of material on this topic and conditions from each platform that gives you this opportunity.
I trade on options and use Pocket Option for trading and copytrading (I also allow you to copy your trades on this platform, there will be more about that in this article).
My telegram channel where I share my results of copy trading - link 👈🏻
Copytrading on Pocket options
3. How to find a successful trader
This task is a bit more difficult, but not impossible.
We need to take advantage of the platform's capabilities to find traders that allow you to copy their trades. Usually, if there is an opportunity to copy trades, then there is also an opportunity to monitor someone else's trade through all sorts of tops, ratings, and so on.
The functionality is simple enough, in the top you find traders with an open profile and connect to them, setting your own settings for copying.
Look at the statistics for the day, the percentage of profitable trades, statistics for all time and already on the basis of these data we make our choice in favor of this or that trader.
You can also see the statistics of other people who have connected to this trader, and unfortunately not all of these statistics will be the same. And now I will explain why.
4. The main risks of copy trading
As I wrote above, copying any trader in the rating may not be the best idea. And here are the main risks you may encounter:
The trader is really a gambling moron
Well, it happens that the dude just had a good day and was in the top in 24 hours. You have not looked at his statistics (or there is no way to look at these statistics) and the next day this trader plummet your and your deposit. Not nice(ill explain why.
Under the influence of fear, you can make completely chaotic actions. For example, a trader has a loss, you also have a loss and you disconnect from him to prevent further losses. Look for another trader or wait for the moment to connect to him again. And by the law of meanness at this very moment he closes profitable trades, restores the balance, and you are still in a drawdown, because you have disconnected from copying.
This is difficult to control, because you do not know the person who trades for you and can not be sure of his adequacy. You can simply connect to copy trades at the wrong time.
There are a lot of nuances, but it is safer than entering the market yourself when you do not understand anything.
So, we kind of got to know all the main pros and cons, now let's get to the most interesting.
5. The solution that will help you earn
The most ideal way to use copytrading is to KNOW a successful trader and offer him cooperation. Everything is very simple, but profitable for both parties. The trader lets you copy his trades, and you simply give him a % of the net profit you have earned with his help.
The trader does not spend more time than usual, but earns more. You don't spend any time at all, but you earn just as much. I think this is perfect.
✅ You know the trader has a trading system
✅ You know that the trader has been earning steadily for a very long time.
✅ No need to worry and monitor his trading
✅ You don't need to constantly disconnect and reconnect (less actions - less mistakes).
✅ You also understand that the trader has an additional incentive to earn, and he treats trading responsibly.
What to do if you don't know any really successful traders?
I can make you happy, because this problem is easier to solve than you imagine. Let's just become acquainted and work together.
I, too, am interested in earning more and am willing to provide my account to copy trades. All you need to do is make an account on the platform where I earn, fund your account and set up copying of my trades.
I have been doing this for a while now, but already more than 50 people are copying my trades daily and getting a good income.
🙋🏻♂️ You can see examples of my work with clients below.
Usually I give access to copy trades before the trading session and this way my result is received by many people who trust me.
📝 You can find out more details about working with me if you write to me - https://t.me/jozy_trader with the keyword "I want to copy"
