We put $1200 for each trader & stopped copying those who lose below $1000
After a month, 7 out of 10 are in profit but most of them only managed to get their amount up to $1300+, around 10% profit
Highest was $1645 but he has too many open positions resulting in a net profit of -$399 which isn't good
There's also 1 trader who only did 1 huge trade the whole month
Using $1045 for a single trade & got his amount up to $1555
It was a pleasant surprise but it's too risky & not good money management
After eliminating them, we found a trader whose amount is at $1562, around 20%+ profit
We checked history & found out that he mostly does small trades, earning money slowly, steadily & consistently
He also still has open positions of $53 net profit
His Etoro Openbook name is roby26
He trades according to the Technical and Fundamental Analysis, has strong money & risk management
According to his history, 100% of his trades are medium risk & resulted in profits
So we decided to use real money to copy him & slowly add more safe, profitable traders using this technique
We also stop copying traders if they stop earning profits
And we'll update our list of recommended traders here
We also recommend copying aussimoney
He only trades AUD/USD & makes 20%+ profit per month
He does very small & safe trades & profits 98.1% of the time
He's more active & trades several times a day
Another recommended trader is alexfrank1114
He makes around 22%-26% profit per month & has 99.4% winning rate
He does 4%-5% per trade & do not risk more than 30% at a time, which is good money management
Here's a screenshot of how they're doing |
So if you're just starting out trying to earn money online but don't know anything about Forex, you should definitely try Etoro's CopyTrader
It's very easy to use & you don't need to know anything about Forex
Use practice account to copy a few traders & see for yourself if they're worth copying, then start copying using real account & earn some real money
You don't need to copy their trades every time they trade
Whenever they open or close a trade, your account will automatically copy their trades, even when you're asleep!
And even if something goes wrong, you can stop copying them & withdraw your money anytime
With over 98% safe trades & 20% profits per month, it's better than putting money in the bank where they also use your money to trade Forex but only give you back 2% interest or less a year
We're so confident in our selection of traders that we're even using our own money to copy them
We do all the market analyzing & scouting for you so that you don't need to fear if they have bad strategies or weak money management
You also don't need to wait more than a month of trial & error to start earning real money
Etoro offers free $20 bonus coupon to copy too
They also provides free forex signals & First Deposit Bonus up to $10,000
Plus monthly bonuses & other benefits if you deposit more than $1000