Looking for inspiration? Looking to expand beyond what you're currently trading? Or maybe you're a beginner looking to learn more. Well here are three places that offer some really good trading ideas.
If you're looking to try out some of the trading ideas that you'll discover here, I would recommend starting with a practice trading account. This way you can play around for free and not put your capital at risk. Remember, only move onto a real trading account when you're making profits in a practice account.
Trading view is a social network for traders, where members share their ideas with each other. Mostly in the form of technical analysis using charts. Traders are ranked on reputation, so the more successful they are the more visible they are. It's a great community and you'll learn a huge amount. Best of all, you can join for free and get access to a huge resource of profitable information.
eToro is a social trading network where everyone's trades are shared. Think of it as a cross between a forex broker and facebook. eToro is my go to place to see what other traders are doing. Using the built in search tools you can easily find traders who trade say Stocks or Indicies.
The best thing is, that you can also see how profitable each trader is. And this is real profitability. Not theoretical. The stats only show the gain of trades made using real money. Do yourself a favour and follow the top traders on eToro and you'll learn a huge amount about trading.
Whaleclub is a forex broker that only accept digital currency (bitcoin and dash). Another unique feature is the community chat. Here traders are constantly chatting about the trades they've made and their thinking behind it.
You do need to filter out the noise though. There are plenty of people who don't know what they're doing. But if you follow the chat for just a little bit, you'll soon figure out the people who are actually making profits.
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.