Copy trading is a type of social trading that allows you to automatically copy the trades of other traders. This is done by connecting your trading account to a copy trading platform, such as eToro. Once you have connected your account, you can select the traders you want to copy and the amount of money you want to allocate to each trader. The platform will then automatically copy the trades of the selected traders into your own account.
This blog post will discuss the best eToro traders to copy in 2023. We will consider factors such as trading style, risk appetite, and track record.
What is Copy Trading
Copy trading is a social trading method that allows you to automatically copy the trades of another trader. This can be a great way to learn from experienced traders and to potentially make money from their trades.
Copy trading is available on many different trading platforms, including eToro, ZuluTrade, and Pepperstone. To copy a trader, you will need to open an account with the trading platform and select the trader you want to copy. You will then need to decide how much money you want to allocate to copying the trader.
Once you have copied a trader, their trades will be automatically replicated in your account. This means that if the trader buys a stock, you will also buy the stock. If the trader sells a stock, you will also sell the stock.
Here are some of the benefits of copy trading:
- It is a passive investment strategy, which means that you do not have to spend a lot of time monitoring the market.
- It can be a great way to learn from experienced traders.
- It can be a way to get started in trading without having to learn all the technical aspects.
Here are some of the risks of copy trading:
- You are essentially giving up control of your trading to someone else.
- The trader you are copying could make a losing trade, which could result in you losing money.
- Copy trading is not a guaranteed way to make money.
Best eToro Traders to Copy 2023
The best eToro traders to copy will vary depending on your individual preferences and risk appetite. However, some of the most popular and successful traders on eToro include:
1. Jeppe Kirk Bonde
Jeppe Kirk Bonde is the most copied trader on eToro. He is a former strategy consultant who has advised some of the world’s largest tech companies. He is known for his long-term investing approach and his focus on fundamental analysis.
Christian Kongsted: Christian Kongsted is an experienced Danish trader with 7 years of experience. He focuses on Tech and Growth stocks while trying to keep his risk score low.
2. Christian Kongsted
Christian Kongsted is an experienced Danish trader with 7 years of experience. He focuses on Tech and Growth stocks while trying to keep his risk score low.
3. Heloise Greeff
Heloise Greeff is a trader with a focus on US Tech and Pharma companies. She has been providing signals to her subscribers since 2016 and has a proven track record of success.
4. Richard Stroud
Richard Stroud is a full-time trader who has been providing signals to his subscribers since 2018. He focuses on technical analysis and has a proven track record of success.
5. George Thomson
George Thomson is a trader with over 15 years of experience. He focuses on fundamental analysis and has a proven track record of success.
Is etoro Copy Trading Worth it?
Yes,If you are looking for a passive investment strategy that can help you learn from experienced traders, then it could be a good option for you.
Is etoro Copy Trading Profitable?
Whether or not eToro copy trading is profitable depends on a number of factors, including the trader you are copying, the assets you are trading, and the market conditions.
Who is the best person to copy on eToro?
- Jeppe Kirk Bonde
- Christian Kongsted
- Heloise Greeff
- Richard Stroud
- George Thomson
How Much do you Need to Start Copy Trading on eToro?
The minimum amount you need to start copy trading on eToro is $200.
Is Copy Trading Good for Beginners?
Copy trading can be a good way for beginners to get started in trading. It allows you to learn from experienced traders and to potentially make money without having to learn all the technical aspects of trading. However, it is important to note that copy trading is a risky investment strategy. There is always the risk of losing money, even if you are copying a successful trader.
Is Copy Trading Better than Trading?
Ultimately, the decision of whether to copy trade or trade actively is up to you. If you are looking for a passive investment strategy that can help you learn from experienced traders, then copy trading could be a good option for you. However, if you are willing to put in the time and effort to learn how to trade actively, you may be able to achieve higher returns.
Is Copy Trading a Risk?
Copy trading is a risky investment strategy. There is always the risk of losing money, even if you are copying a successful trader. The trader you are copying could make a losing trade, which could result in you losing money.
How long does copy trading take?
The time it takes for copy trading to work depends on a number of factors, including:
- The trader you are copying: The trader you are copying will have their own trading style and risk tolerance. This will affect how long it takes for their trades to make a profit.
- The market conditions: The market conditions can also affect how long it takes for copy trading to work. If the market is volatile, it may take longer for the trades to make a profit.
- The amount of money you are investing: The amount of money you are investing will also affect how long it takes for copy trading to work. If you are investing a small amount of money, it may take longer to see profits.
Conclusion
eToro is a popular social trading platform that allows users to copy the trades of other traders. This can be a great way to learn from experienced traders and to potentially make money from their trades. Some of the most popular eToro traders to copy include Jeppe Kirk Bonde, Christian Kongsted, Heloise Greeff, Richard Stroud, and George Thomson.
