Are you looking to have success investing through eToro? I've been using eToro for the last few years to invest in a portfolio of stocks and for copy trading. A lot has changed on eToro over the past few years, so here is my 2021 guide to investing on eToro.
Ant
Robinhood Alternatives in the U.K: 2021 Guide
Robinhood was planning to launch in the U.K in 2020. But it looks like they have abandoned those plans. Thankfully if you're looking to invest in US stocks without paying any commissions, there are a couple of good options- eToro and Stake.
I currently use both of these platforms. I use Stake to invest in ETFs and I use eToro to build a portfolio of tech stocks (like Apple, Tesla, Netflix, Amazon etc).
Here are my favourite Robinhood alternatives:
Make Money with YouHodler: My Review
YouHodler is a service that lets you earn interest on your crypto. It's basically a savings account for your crypto where you earn interest on your Bitcoin, Ethereum, Ripple, and more. What's more they offer interest of up to 12% – way higher than the interest you'd earn on traditional savings account.
I've been using this tool for the past couple of weeks and wanted to share my full YouHodler review.
The Best Social Trading Platform
Social Trading platforms are a great way to connect with other traders and learn more about the world of finance. By following other traders, you can watch them, copy them and learn from them. So what is the best social trading platform? I've tried a bunch and this is my review of the best one I've found so far:
Is FTX Legit: 2020 review
FTX is a relatively new trading platform for cryptos. But is it legit? I've been trying it out for the last few months and here is what I've found.
What is FTX
FTX is both an exchange and a derivatives trading platform for cryptocurrency. This means you can trade things like futures contracts and trade Bitcoin using leverage. It's closest competitor would be Bitmex. If you used Bitmex before, then FTX will be very familiar.
Making Money on Medium
Did you know that you can make money by writing on the popular blogging platform Medium? Medium has a partner program that pays you when people read your content. If you've been looking to make money from your writing, then this could be a good option.
Here is how to start making money on Medium:
eToro Reaches 13 Million Users
The eToro investment platform has announced they've passed 13 million registered users.
Note – This post doesn't apply to US customers
eToro recorded a 426% increase in new users globally making their first deposit on the platform, in the first 4 months of this year compared to the last.
Yonni Assia, CEO of eToro commented “Coronavirus induced market volatility has been a focus for media globally and has brought the topic of investing increasingly onto people's radars. We have seen a large increase in trading volumes on eToro since the start of 2020 from both new and existing users.”
Traders to Copy Trade on eToro in 2020
So far 2020 has been a pretty awful year for the markets. There has been a bit of a market crash and there is a recession in our future. But there has also been a lot of volatility. And if you're a good enough trader, you can take advantage of this volatility. Personally, I'm not good enough – but you can copy the trades of other people on platforms like eToro.
Note – This post doesn't apply to US customers
I wanted to highlight a couple of traders who I think have performed amazingly well during these testing times, just to show you that it's possible to trade successfully, no matter what is happening in the world.
Remember that the following isn't investment advice – always do your own research!
How to Start Copy Trading
Have you heard of copy trading but not known where to start? This is my guide on how to start copy trading on eToro. I've been trading and copy trading for the last 5 years or so. I think its a great way to learn more about investing and economics and tap into the knowledge base of more experienced traders.
2020 has been a pretty crazy year so far and markets have been volatile. But there have been traders who have been able to take advantage of this volatility and had success. This is where copy trading is super powerful. You can tap into the traders who are making the most of these trying times.