The Cash Diaries

My experiments in passive income, trading and life

Making money with Whaleclub

Whaleclub is an exciting new type of trading platform that allows you to trade forex, stocks and commodities using cryptocurrency.

Have you ever wanted to trade Apple stocks using Bitcoin?  Or use Dash (another cryptocurrency) to trade forex?  Well now you can.  But can you actually make money?  Is it legit?  Well read on to find out more about this new type of trading.

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Here are some interesting Copyfunds you can invest in

Copyfunds are a relatively new investment product from the social trading platform eToro.  A copyfund is much like an ETF, except it’s not traded on an exchange.  A copyfund groups together a number of assets and allows you to invest in them.

On eToro you can invest in stocks, commodities, etfs, forex and indicies – Copyfunds invest in these assets based on an underlying strategy put together by professional investors.

I thought I would highlight some of these different strategies on offer.

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Trading the U.K election

The last 12 months have been packed full of major political events.  And these events have all had an impact on the markets.  I can’t remember a time when so much was happening in such a short period!

The next major event looks like it will be the U.K election.

So what impact will this have on the markets?  Will there be as much volatility as we saw during Brexit and the U.S presidential election?  I don’t think we’ll see the same amount of sharp movement in the markets, but there still could be some interesting trading opportunities.

Here’s a run down on some of the scenarios that we could see:

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CFD Trading: What you need to know

CFDs are a popular form of investing.  I wanted to break down some of the pros and cons and explain why they are becoming more and more popular with online brokers.

What is a CFD

A CFD is a tradable asset that will mirror the price of the underlying asset.  CFD (Contract for Difference) is a contract between you and your broker to pay each other the difference between the price of an asset when you open the trade, and when you close the trade.  An asset might be a stock such as Apple or a commodity such as Gold.

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How to get started copy trading on eToro

eToro copytrading tipsCopy trading as the name suggests, is when you copy the trades a successful trader makes.  eToro, the largest copy trading network, makes the entire process automatic.  You can find top traders using their search tools, then with a click of a button, allocate funds to automatically copy the trades that this person makes.

On eToro, everybody’s trades are made public, so you can easily find people who are successfully making money trading, and copy their trades.  As an investor you’ll benefit by tapping into the wisdom and knowledge of top traders.  And as a Trader, if people copy you, you’ll earn a commission.

I’ve been using the platform for over 5 years, and am a huge fan.   So i’ve put together this guide on how to create your own copy trading portfolio.

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Who to copy on eToro: Cathy0001

Are you looking for people to copy trade on etoro?  I’ve been putting together a series of posts on people who I think might make interesting additions to your copy trading portfolio.  In this post I’m reviewing Cathy0001.

The great thing about eToro is that it is a global social trading platform with traders from all over the world.  And you can copy these traders, giving you unprecedented access to markets you would never have the skills or knowledge to trade in.  Cathy0001 is a Chinese trader, read on to find out more about her.

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Top copy trading networks and platforms

Here is a list of the top copy trading platforms.  These networks allow you to copy the trades of successful traders.  I’ve also included a number of social trading networks.  These sites allow traders to share their trades, but they many not necessarily have a copy trading feature.

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Will Ethereum be the next Bitcoin

In 2009 you could have purchased bitcoin for a few cents.  Now it’s nearing the $2000 mark and may very break that soon.  If you had gotten in early, you would have made a killing.

Everyone is now looking for the next Bitcoin and many people are tipping Ethereum as a possible cryptocurrency superstar.  But will it be the next bitcoin?

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How to open a practice forex account

One of the reasons lose money trading forex is because they have a lack of trading experience.   It’s crucial you become acquainted with a platforms features and how to use the software before putting real money into your account.

Thankfully, almost every reputable forex broker offers demo or practice accounts.  Here’s how to take advantage of them.

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Who to copy on etoro: srassili

Another edition of my ongoing series on who to copy on etoro.  Finding people to copy can be confusing so I’ve been reviewing people with different trading strategies that might work as part of your copy trading portfolio.

This time is user: Soufian Rassili (srassili).

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