Many people are keen to invest their money and get their
money to work for them, but the lack the know-how. Social investment is an excellent
way to solve this problem.
Whether you are an experienced investor or a complete novice,
a social investment network will allow you to track the decisions of other
users and copy those exact same transactions.
Don’t be fooled though, you still need to do your homework
and study the strategy and profitability of each trader instead of just blindly
starting to follow a trader. A social investment network such as eToro makes it
easy to gather all the information you need with regards to different traders
before you come to your final decision. You can choose trader according to profitability,
the level of risk they take, frequency of trading and much more. There is always
risk always risk involved in any trading, so it is important to investigate
properly, as this will mean the difference between healthy profits or losing
money.
When you decide on your favourite trader, you can follow him
to see all his activities by clicking on the “Follow” option in his profile.
Once you are satisfied with his activities, you can click on the “Copy” option
in his profile. This means that every transaction will be copied in proportion.
If you allocate $ 100.00 to that trader, and he opens a transaction with 10% of
his trading capital, 10% of your $ 100.00 will copy that exact same
transaction. Whenever he opens a trade, that trade will be copied in your
account, and when he closes the trade, the same will happen in your account. If
you don’t want to copy the whole profile of the trader, you can also copy
single trades.
The idea of a social investment network is that it allows
users to invest in a fully transparent and engaging community by sharing and
copying from one another.
