eToro Copytrade Mistake #1

eToro promotes copytrade, it is tempting and so everybody do it. But copytrade must be done with a wise mind, not just blatantly being a stupid sheep. When you browsing into copytrade section looking for a trader to copy, do not do these sort of common mistakes:

Sort people by most copied
Copy the top results without research a bit

Copying Blindly

You probably thought most copied traders on eToro means that traders should be somebody and most people copied it for a reason, right? Going to win big in the long run maybe?

Most Who Copy Are Complete Beginners

But no! Most people who enter copytrade section are actually complete beginners and they do not know what they are doing. Tons of people simply register and quickly copy other people without knowing anything about performance of those traders they are copying. These copied traders somehow gone viral and exponentially many other beginners will copy the same mistake.

So do not bandwagoon into this copytrade trap. You should scan on the % and look at the monthly trading performance of the one you are about to copy their trade from. Copy the one that can give you real profit, not the ones that profit big for a month and consistently losing for other 11 months in a past year.

Comments

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