What is Copy Trading?
Copy trading gives you the opportunity to make the same profit as succesfull traders by replicating their activities. When you do this way, you can follow up someone else’s strategy on autopilot without any specific knowledge needed about financial (stock)markets. However, this way to make money on the web is even more interesting if someone else’s copied you as investor. When someone else’s does, you will receive a management fee on the total amount which copies you. This amount can be up to thousands pounds a month and is offered because copiers also generate extra transaction income for the trading platform.
How Does It Work?
You select your investor (based on his returns/portfolio) and choose the amount you want to invest. When your invester sells or buys something, the software does the same for you in equal proportions.
Which Social Trading Platform do we Recommend?
Not only ScoreDigital, but also Google rated Etoro as the best social trading platform to perform nowadays. Etoro is specifically recommended for traders and those interested in social trading and has more than 6 million users out of 140 different countries. Besides social trading, Etoro is a offers CFDs, stocks and crypto assets where you can invest.
Frequently Asked Questions (FAQ)
With Copy Trading you allocate funds to a trader to copy trade, and thentrades are copied using that allocation in the same proportion as the trader. So if a trader uses 1% of their account balance to make a stock trade, your account will make the rade using 1% of the funds you allocated to that trader.
Odds represent the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins. As an example, with odds of 4/1, for every £1 you bet, you will win £4. Odds makes it possible to upgrade your bet by predicting more events at the same bet.
The freebets are valid for seven days.
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