What’s the minimum I can copy you with?
$200 is the absolute minimum, I would strongly advise copying with more though.
How much should I copy you with?
I recommend at least $1,000 for an initial investment. For the best performance, I’d suggest $5,000.
How much should I copy with to live off the profits?
There is no garauntee of monthly, or even yearly profits on the portfolio. Although my target profit is 5% per month it is extremely likely that this target will be missed or surpassed numerous times every year.
The best way of estimating how much to invest if you are aiming to withdraw each month is to multiple that sum by 20. For example $500 per month multiplied by 20 is $10,000, meaning $10,000 is the minimum you would need to invest to earn $500 per month assuming I hit my 5% profit target each month.
What is the maximum I can copy with?
The maximum you can copy a single trader with is $500,000.
Should I copy Open Trades or New Trades?
What does Copy Open Trades mean?
Copying open trades means you will immediately open positions at the current market price for every position I currently hold. Following this it will close and open new positions mirroring my trades as normal.
What does Copy New Trades mean?
When you begin your copy no funds will be invested in anything until I open new positions. This can take a long time to ramp up for all of your funds to be invested but ensures that every trade is opened at the same time/price as it is for me.
How should I add funds?
Generally I advise using the add funds button rather than uncopying/copying again with open positions. Similar to the copy new trades or open trades topics above there are pros and cons to both ways of doing it.
How should I remove funds?
If you are planning to take out some profit each month/quarter then using the “pause copy” functionality is probably best. It will avoid copying new positions until you unpause allowing you to collect some funds to withdraw without worrying that I may re-invest it before you get the chance. There is no good or bad time to do this really.
When should I copy?
You can copy at any time, thanks to the ‘Copy New Trades’ function. If you intend to copy my open trades then you should wait until the majority of my portfolio is in the red.
When should I uncopy?
Is this the same for copying other traders?
No, every trader on eToro is different. I advise you to do your own research before making decisions in regards to other traders. Most traders list how much to copy with, when, and how in their profile description, some traders even have their own FAQs like this one.
Designed as a worldwide payment system, Bitcoin is the world’s first decentralised digital currency and still the standard to which all other crypto’s are compared.
Ether (commonly referred to as Ethereum) is a cryptocurrency with a blockchain generated by the Ethereum platform. Ethereum is a blockchain-based distributed computing platform & OS that makes use of smart contracts for its scripting function. Not to be confused with Ethereum Classic (ETC), which has rapidly lost relevance.
XRP (colloquially known as Ripple) is native to the Ripple Transaction Protocol, and developed by Ripple Labs. It claims to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.”
Bitcoin Cash (commonly referred to as BCash) is the result of a hard fork in Bitcoin, created in opposition to SegWit’s addition to Bitcoin in 2017. While it has notable supporters in Roger Ver & the mining community, it has a market capitalisation less than 15% the size of Bitcoin (Data taken from March, 2018).
Litecoin was created in part to address the issue of transaction speed in Bitcoin. In aiming to process a block every 2.5 minutes, as opposed to Bitcoin’s every 10 minutes, Litecoin is able to have significantly faster transaction confirmation.
Dash, formerly known as Darkcoin and XCoin, is a fork of the Litecoin code that utilises a two-tier network of ‘miners’ and ‘masternodes’. These masternodes are responsible for the PrivateSend (an additional layer of privacy on transactions), InstantSend (a near-instant transaction confirmation system), and additional governance of the Dash network.
IOTA is a public distributed ledger that uses a directed acylic graph structure (more simply referred to as a Tangle) in place of a blockchain. Specifically designed to be used for the Internet of Things, it is intended for use in the secure sale & sharing of data streams.
NEM is intended by its developers for wide distribution, and to do so introduced many new features to blockchain technology including Proof-of-Importance, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system.
Founded by Da Hongfei, NEO (also called the ‘Chinese Ethereum’ by the crypto community) is a smart contract system that intends to support almost all programming languages via use of a compiler, and can support up to 10,000 transactions per second.
ADA operates on a technology platform called Cardano. Led by Charles Hoskinson (former co-founder of Ethereum), it aims to run smart contracts, decentralised applications, side chains, multi-party computation, and metadata.
Initially based on the Ripple protocol, after a hard fork the Stellar Development Foundation created an updated version of the protocol based entirely on new code. A distributed ledger, Stellar is in partnership with several non-profits & businesses to serve as a new financial infrastructure, most significantly partnering with IBM in October 2017.
EOS is a new blockchain platform launched by the Block.one company in the Cayman Islands. The project’s lead developer is Dan Larimer, most well-known for being involved in creating Steem & BitShares. Promising a high transaction throughput, with no transaction fees, it aims to be a major competitor to Ethereum & Cardano.