Best crypto trading platform; eToro a review for smart investing. You need a service that has the options to provide a chance for success
Understand what you are doing before you put your money up front
The Crypto market is high risk investing so a basic knowledge is really important from day one.
However many believe it is the place to be and the future of transactional progress.
Who is eToro and why have I picked them?
I use several brokers for reasons I shall explain however my pick of the bunch is eToro.
|Started in 2007||Industry experience|
|170 million members||good backing|
|Available in 100 countries||Yours should be one of them|
|Cypress, Israel, UK,USA and Australia||Major offices|
|Valued last year at $800 million||Over the Billion now|
|They use copy trading||Great for beginners|
|FCA, Cysec, ASIC compliance||Controlled by regulators|
|Most trading formats available||A good choice|
Everyone has its down side
Everyone has a down side
|Minimum $200 deposit||This applies in most countries|
|Hours of trading||Full trading list|
|You can loose money||Volatile market|
|Day trading||Only for the experienced|
|Limited Crypto options||Many coins not included|
What is so special about eToro
First of all you really need to jump through a few hoops to get approved because of very strict compliance to the identity laws. This is a good thing as it prevents fraud and keeps your data safe.
Once in you get a full dashboard and you are ready to fly. Furthermore a little drop down appears for an offline practice.
This Virtual experience runs through a training program and lets you buy and sell products in a pretend fashion. This teaches you to use the service and you may find out how easy it is to make or loose money.
Follow an experienced Investor to learn more
This is quite novel as you can see their success rate and the shares they are holding. You then just commit a sum of money and your investment will follow your selected partner.
This should ensure that you do make a return on your funds whilst learning about the market.
These are a sample of investors with good returns and furthermore with a bundle of support. They all have around 20,000 copiers working with them. This is evidently a very successful way to keep your money safe.
The eToro club
eToro Club membership is determined according to the customer’s realised equity as of midnight GMT each day. Provided that you meet the equity requirement, you will be automatically accepted and see the club tier change the following day.
The club offers significant extra services for those high rollers however a bit of luck and you will be in the silver club at the least.
Copy portfolios are even better
This is where you invest in a pre chosen package of products and earn as the price changes.
There are several to choose from and a really good way to reasonable secure investing
This is just an example of the available bundles showing the investment portfolio and the returns they made over a given 12 month period.
.Best crypto trading platform and the ways to market
Trading is very broad
|Crypto trading||Operating 24/7|
|Stock trading||When markets are open|
|ETF Trading||Exchange traded funds|
|Indices||A group approach to shares|
|Commodities||Gold, Silver, etc|
|Currencies||Dollar, pound Yen …|
|Day Trading||Live action|
A great mobile App and a wallet
This is a fabulous product that replicates the web site. It is available in both Mobile services so easy to load and use. You can follow the market wherever and wherever you want providing great control at any time.
You can even see the value of your portfolio at the push of a Key. Green is good however the red not so good.
Yes there are many other companies that you may use
With over 5000 Crypto opportunities your host will not carry them all. Therefore you may have to have a subsidiary account if you want to trade less well known opportunities. eToro stays at the top of the market and adds new opportunities all the time however it does not suit everyone.
- Coin Base
- Coin Jar
- Meta trader
- And a whole big list that goes on
Best crypto trading platform and making a million
Will you become the next millionaire
Off course you will if you pick the right stocks and play with enough money and miss all the market recessions and Use a whole heap of dumb luck.
It is a high risk venture and any crypto or stock could crash and burn. However it could be said that Bit Coin, Etherium, Cardano have a very big future as safe investments. Therefore there are parts of the market that are more secure than other parts.
Although some of the Alt coins ( other than Bit Coin) offer a glimpse into the future.
The Bit Coin was built on the Block Chain technology a new way to transfer data securely so that it could not be hacked. Data includes Cash and valuables etc.
Block Chain has been redone by Etherium and Internet Computer. These do the same things in different ways and are opportunities on their own.
The market is a must be place and a small wager may go a long way.
There is no doubt that the past has been filled with negative press with many spreading fear, uncertainty and doubt. I was affected by that when I started my Crypto journey but two years back. I studied Block Chain and Bit coin and considered an investment. Bit coin were about $2500 and Etherium under $200 however I considered they could go no higher.
I withheld my $1000 investment and kept it in the bank. This was a $500,000 mistake that I made.
The market is still early stages and opportunities still exist. Bit Coin is flagged to reach $500k a coin or even a Million dollars in the extreme. This will take time and patience however an upside is the prediction by the vast majority of those in the know.
Institutional investors are coming to the market along with international banks and it is only time before the Super funds start to play along.
(This is not investment advice it is just a view that I have taken, Crypto comes with risk)
Therefore The crypto market will be as common as any of the great new ventures like Google, Facebook, Amazon etc that were all risky plays from day one.
Your folding money deflates particularly so with minimal interest. A hundred dollars in ten years will buy about half what it will today and in twenty years half that again.
Bit Coin should continue to grow and in ten years buy five or maybe even a hundred times what it will today. Therefore the choice seems obvious.
Balance your investments but don't miss out
There are many ways that you will be advised to invest however the basic way is to cover all bases.
- Take a third in Real Estate
- Keep a third in liquid funds
- Trade with the balance
I bought a Property some years back and listed it on the market for $3.2 million as recommended by the Real Estate Values.
This was back in 2016 and within a month the market got smashed. I ended up selling for under two million a massive loss on a highly geared property.
The stock market crashed and money was lost in every way.
We can not predict the future so never have all the eggs in one basket.
Best crypto trading platform and a way forward
My sure fire way to success
Take a sum of savings every month and invest in high value Crypto Currencies. Perhaps a copy portfolio or a low risk bundle on a regular basis. Doing this may give you the opportunity over time to be the next crypto millionaire. You risk is a small sum built up over time that will not break you or render you homeless. It might however make you quite well off financially.
eToro is a perfect starting application.
This service has nearly everything for both rank amateurs and professionals with a great covering of abilities and experience in the business.