I have spoken of 1broker before with a litte review, full text here
Lately the website changed UI but that doesnt matter..
They have added cooler thing - you can choose traders and just copy their moves with any amounts you wish!
1Broker Description
Its an old forex/CFD site where using BTC you can anonymously trade stocks, currency pairs and commodities. The fees on site are pretty low. and more explained below.
If you just want to use the site for buying stocks of some companies with BTC.. Theres plenty.
Copy Other Traders
The minimal trade is 0.001 BTC so its suggested to put 0.1-0.05 at least to test it.
First we create account
They dont need any data, just email.
Then go into deposit page and load it with BTC.
We go back to main page (but have to be logged in) and we will see most popular traders.
Now we choose trader(s)
We can see how much he played with, how often he plays etc. Based on this we can follow him or skip.
You can choose as many traders as budget allows you.
Choose amount of BTC
Yes we will be trading USD amounts but based on BTC number, so in this case i would want to do 1 BTC per trade and 10 trades a day. Way too much. I suggest 0.001 or 0.005 per trade max for start with 10-25 a day.
Minimal Amount
That would be the setup, 2USD+ per trade and 10 a day.
And you are set!
Just keep in mind that if you choose wrong guy or he has bad day.. you may lose. So never gamble more than you can afford losing. You can cancel the following any time, even before any trades.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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nice post. i have used the site before but never copied any traders. Might try it again.
It is a smart way to invest. If you would have followed the Oracle Aka Warren Buffent, you would have been very happy with your returns the last couple of decades.
I am fairly new to cryptocurrencies, I have always invested in stocks. But even there I just follow, the big Guys.
Check out MSCI World ETF for example and any other ETF in the USA, you will see bigger companies like Google & Apple show up in all of their portfolios. The Copy paste technique does work for sure, but be sure to copy someone who is like the king of investors.
Have a wonderful day
Peace WoozelWazzel
It essentially becomes impossible to exactly follow what Warren Buffet does because he often acquires entire companies and dictates executive pay. He also buys preferred stock in situations where he isn't acquiring the entire company.
But I get what you are saying though. I'm not sure what I think about doing this in the crypto world. Pretty much anyone who has been in this for any length of time has gotten dropped on their head before. Sometimes the prices go down like guillotines.
Have you made any profit? Just currious to know
Yah even I want to hear from someone who actually used this to make money.
I think there IS a possibility to copy other traders, but wont there be a time lag from when the investor bought/sold, and therefore we wont be able to replicate exactly?
I'm very new into the investing world so I appreciate the tips. I'm eager to try it out.
nice bro
Is it possible to use more than one trader? That would be very good for taking risk out.
Thanks for sharing this information :)
Yes you can as many as you want - added line to make sure others notice it. Thanks!
VERY, VERY TRUE! I try to jump into a handful of strong cryptos like Steemit, Ethereum, Antshares, and Factcom.
UPVOTED MATES
I would think that looking to more than one trader is the BEST way to go - by averaging all of their best investments, you could look to what is working out for ALL of them and follow them that way. I think that would be the best way to eliminate as much risk as possible. upvoted and followed @goodbyematrix. Keep it up!
Good point , however it is not easy. You will never stay contant and will one day try other ways and might lose..its a bit like gambling however you can make it if you are conservative, very discipline and eliminate greed which are not easy. However @kingscrown posts is helpful as you can follow successful traders....but on your own risk
Like any portfolio using this method I always argue for rebalancing regularly.
:)
Warren Buffet? :)
That is called the bandwagon-effect I believe :)
HAHA !
Like water bro...
Good point - if you know you have a lot of people following you anything that you buy will cause an instant pump.
:D Though they are too small to move the markets.
Trading is not easy, there are lots of rises and falls. Following successful people on trading social sites can be profitable but I've witnessed many great traders going to a losing streak of couple of weeks. Only invest what you can afford to lose! :)
I agree, trading is not as easy as it looks...greed overcomes the brain and then you will think that it will always be success untill huge loss occurs and you loose all. Better try my luck here at steemit and be safe
Or you can just learn to put stop-loss on every trade you do. There is no need for huge losses if people are not trading lazy.
Good point, I agree
Very interesting ! I started a series on how to understand and use Market Indicators like the RSI index and the MCAD. Please check put my first post and give me your honest review :)
https://steemit.com/bitcoin/@alihbadr/rsi-index-invest-smarter-1-understanding-market-indicators-to-help-you-better-interpret-the-cryptocurrency-markets-practical
@alihbadr
@Freedomnation, Investing comes with risks indeed. For the Stock Market, I would say you need a minimum of 7 years to Invest. Investing, is making your money work for you on the long run. A very good advice indeed to keep enough savings in cash. I recommend my clients 50% cash, 30% stocks 15% Trackers and 5% gamble cryptocurrency money.
yeah It is really good for beginners to let their money work in the market and make some profit while learning how to be successful trade
Personally I copied trades of a successful trader and it really made me good profit but I wasn't fully depending on him because I wanted to learn how to trade for myself so I decided to let my money work and make some profit while I was learning.
after that I stopped copying and started to implement what I have learned and had some winning trades sometimes and sometimes some losing ones
but now I became better and my skills and experiences in trading have really improved and now making better profit than before.
anyway, thank you very much for letting the community know an idea of how to start
but just don't spend all your life depending on another trader
Just copy at first but you must learn and when you learn, start trading for yourself
good luck to all of you
Indeed you should then check what he did right and wrong and learn this way
yeah right sir
Great
thank you
check out my post on Market Indicators ! It will help you have a better feel for market movement
@alihbadr
https://steemit.com/bitcoin/@alihbadr/rsi-index-invest-smarter-1-understanding-market-indicators-to-help-you-better-interpret-the-cryptocurrency-markets-practical
I don't know 1Broker but I trade on Etoro which has the same functionality to copy other traders. Thanks for your detailed post :)
Indeed, eToro has the same functionality, however eToro is advertising with a lot of aggression recently.. which made me think that there are few things they doesn't really share with us. The situation with 1Broker is slightly different. I see more reviews and recommendations and no media buying and retargeting ads coming out of the company itself.
Great and thanks for the info., copied these traders
tell me how it works out
I'm losing -0.0135 btc
Thank you for the list.
The key is that never be too greedy. Be content with 3% profits and exit
Wow, incredible guide. I can't speak for all of us but this is pretty huge for me. I have a couple of picks I like set aside, but it's always nice to see where other people are looking as a way of getting started for new research.
I was looking at etoro for the first time today mainly because of their youtube ad, but with 1broker having the same kind of concept I will take a look at this now thanks!
Interesting idea, it's like curation trails for trading.
Good analogy :)
Follow good blogs and make decisions alone. Choose #freedom!
buy some Berkshire Hathaway B Stocks. It's $171 dollars a piece. And will double almost 5-7 years .
Value investing hasnt been doing all that well over the last few years
Yes but there comes a time every 10 years or so, when value investors will have the biggest laugh. They play safe most of the time and dive in when market has the biggest selloff. Berkshire has like 70 billion dollars in cash right now
Or just BRK.A its only 250k a share..u got this
I hope that day when I am able to buy BRK.A comes soon. I need Bytecoin to go to $10 lol
Target for BRK.B is more like $40 in 12 to 18 months. Short term interest rates are about to rise and that will be the "final" rally for all financial stocks before many of them move on to bankruptcy filings. Buffett is no "genius"...more like a govmint shill. He paid at least 4.20 for SIRI stoc...and it will be filing for bankruptcy protection within 12 months. Don't forget to ask me how I knew when you see it happening. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=siri&x=45&y=19&time=13&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Very interesting ! I started a series on how to understand and use Market Indicators like the RSI index and the MCAD. Please check put my first post and give me your honest review :)
https://steemit.com/bitcoin/@alihbadr/rsi-index-invest-smarter-1-understanding-market-indicators-to-help-you-better-interpret-the-cryptocurrency-markets-practical
@alihbadr
Well I'm hoping this might be part of that reason?! https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2017-02-01/buffett-s-rocky-mountain-to-test-biomass-that-may-cut-coal-use
I have a raft of AEG shares and am very keen on a bbboom if Buffets tests at the end of the year match the labs.
I'm a bit confused. You advice Berkshire that will take 5-7 years for 100% but if you look at the traders above, they are doing 400 to 500% in one month.
Why would anyone wait 5-7 years when you can do in one month according to this post and 1broker?
You don't want to put all money in cryptocurrency. My crypto portfolio has fallen 20% last week . But I only have ~3000 in crypto. It's a good way to increase some money. But I wouldn't bet all my money with crypto. So berkshire is a proven safe bet to double your money so if you have $10000. Maybe put 5000 with BRK and play crypto with the rest. Or something like that
I can't argue there. A little diversification is best. However, partnering with Carl Icahn instead of Warren Buffett may be a better return. I recently bought IEP last week. It pays 12% dividend annually and has already appreciated 6% in the last week.
Or you could try cryptocurencies and have 10000% increase with just a bit more risk
I would say it is better not to trade at all in a volatile market like cryptocurrenccies if you have no experience at all unless you swimm in the cash anyway. Blindly copying someone else seems not a good idea.
Better to buy some steady stocks with high dividends. Or if you have no experience with that either I would just use it for your hobby. Star wars toys wine or even unboxed barbie dolls van give a high return :-)
Its actually mostly forex traders, but site allows you to get paid in BTC
Sorta like etoro.
Its an interesting concept although too dangerous for my taste :D . Is there any profit for those traders that you follow?
I had some experience with eToro, but in the end it is better to lose the money by yourself :)
Yeah i know etoro has it but they need verifications and such!
Surely best fun is to lose and win yourself ;)
An excellent post kingscrown!
Thank you, thank you, thank you, my favorite read today!
upvoted and resteemed
Thanks for the guideline!
How's my portfolio?
Very nice
How much did you start with if you don't mind me asking?
I bought 3 ETH when it was 81 then I bought some Bitcoin at $2000 levels. And some more bitcoin at $2400 level. So my total cost basis is probably like $2000 or even less . I'm still up but to give exact answer I will need to check my account.
Diversifying is the best way to go!!!
Wow... This is gold. How much did you invest and how much time did it take to make this much?
It's not the smartest thing to do. At least before you copy someone, you should do a statistical analysis of their trading history and understand the trading system they're using.
Wow, never knew this. Now I will have to check out this site!
Very interesting. Is Gordon Gecko on there?
I didn't even know something like this existed. Amazing how bitcoin is slowly changing the world.
This is pretty neat! Its like copying a hedge fund pretty much. Wish they had this sort of option on my brokerage account. Definitely a ton of risk for sure!
Also do the copied get a percentage of profits of the copiers?
Im sure they have a % but its not stated clearly how it works on the side of "giver"
I'm sorry, but automatically copying another trader is NOT something I would ever recommend doing. Each trader has a different goal, and copying in blindly just because it looks like a trader seem to be doing well does not guarantee success. If you want to trade, watch, observe others, then use that knowledge and develop your own game plan. Been there done that, but that's my humble opinion. Best of luck to those who follow this advice -cheers.
Follow traders for ideas and learning but do your own trades would be my advice.
Each trader has there own method. 1 trader may be a long term trader, another short term and another a scalper. Now you might thing think you are making bad losses on the long term traders trades and you may choose to close these trades... soon after these trades may react and your losses could have been turned into amazing gains! but not only did you miss the profit your also took a loss!!!!
So, understanding and learning is key.
FINALLY and MOST IMPORTANTLY is MONEY MANAGEMENT. No single trade should be able to lose more than 2% of your account. If you are taking larger risks... then maybe the casino is a better option? I mean you are simply gambling your hard earned cash.
When I am trading forex successfully (I have losing streaks also) then I make between 5~10% each week. I can trade 20~30 trades without any loss, again, I do have losing streaks also. It is a matter of working out what kind of trader you are and what works best for you.
You might scoff at that... because you may think it is not much profit. If you think like this, then it is because you are not working with enough capital. If you sacrifice money management rules and increase risk you will not be trading for long before you blow your account (unless you get very very lucky)... when playing high risk... you will fall into the danger of emotional trading.
This is my 2 cents worth and your opinion may differ.
None of what I say should be taken as trading advice for each person and their position is unique.
Absolutely agree with you. It
s just some kind of game advise to copy other traders) just makes me smile) if you wanna trade, youll gonna learn first, like in other spheres. it is professional approach. if not - trading is not for you. copying others is just a game. then much better to use some other forms of investing. for example, to choose strong altcoin and invest for a long time.Learning takes years of study, experience, and research. A beginner would lose a lot of money trading on their own until they are educated.
Therefore, WHILE a beginner learns the market and trading, he can copy trade right away make profits right away until he becomes experienced. It really is the fast track to success.
Just make sure you follow these 7 rules when picking a trader and his strategy to trade.
LOL I cringe and I laugh at the same time. Spamming in the comments section, is there a downvote button Steemit?
The flag hanging up to the top right of a comment is the way to downvote.
Didn't know there was, thank-you!
Spamming? Just because someone posts an opinion opposite of yours does not make it spam. For those who like to copy trade, I posted a link to my blog with an article on the proper way to select a system to copy. @alihbadr, @abh12345 and others posted links to articles on their blogs. Are they spamming too? Not sure where spam comes in. Everyone posts links to their blogs and posts for more info.
Will. You are selling a product outside Steemit correct? which is why you posted a link to your website with your comments. I checked out your website, and it is not a blog. It sells an informational product. Also, the way you cloaked the link is suspicious, and perhaps wrongly categorized as a spam. My bad.
Nonetheless, it is in the same language that you see with online marketers. Which I am not very particularly fond of. Lastly, we have to agree to disagree. I not only strongly differ in opinion; I have lost a lot of money doing exactly what you are promoting. So I am speaking from experience here, with the intention to let people know that in trading the short cuts, are well, short lived. Learning to trade while watching others is actually okay, but traders need to think for themselves. Okay, you hacked a system, but don't go out there promising riches by copying others please. Ask any seasoned trader, the last thing they want is for anyone to carbon copy their trades. That is called losing their edge. And for the people wanting to make money, that is okay. The problem is that you encourage them to be greedy, so they make $$$, tons of $$$, right NOW! FAST! And you appeal to these people. And you also appeal to the tons of people who upvoted the original poster, who imho, was being irresponsible by encouraging them to be sheeps. Sheeps who are going to get slaughtered when volatility kicks in. Remember the dotcom boom? Everyone, and I mean everyone, who made money then was a trading genius! Much like all the new crypto traders out here nowadays, who boast how much money they've made trading. Remember this, their bubble might burst big time when and if the market crashes. Have you looked at all the posts about trading advice here on Steemit? Have you noticed the quality of the content? Content is not necessarily about the amount of upvotes you get Will. The original poster already made his thousands, sheeps follow because he is a whale, but that does not mean all their content, at least to me, is worth 2 pennies. We live in a free society, I am okay with people disagreeing, and you should be too by just commenting, not trying to hide your intentions behind the 'spammy' link. Yes I know it is not spam, but it is very spammy. Agree to disagree?
No I am not. The OP said that copy trading is a good way to start and make $$. I agreed provided they choose the person they are copying carefully which is why I posted a link to an article on my website that explains 7 steps one should take to make sure they don't get ripped off. Good advice for any beginning copy trader. Something you probably could have used when you tried it. Maybe then you would have found out the person or the system was no good. I'm just trying to help others avoid what happened to you.
On my blog, I also post many free trading strategies, how to guides for beginners and more. Sorry you missed all the good content. Even this free app for timing the markets!
As for the link, when you make a post here, the consensus is you should format it (like I did the ones above) and make it look good. To do that Steemit provides something called Markdown. You can use it to make texts bold, provide links and tables. I'm not cloaking anything. You can hover over the link and see where it goes to. Cloaking links will have some gibberish when hovered so you don't know where you are going until you click. When you read any financial website, you don't see the raw link, they "hyperlink" it. People who post the raw link are doing it the wrong way.
As for advertising on my blog. All companies do that. Motley Fool has a blog but they also promote a stock picking service. Investors.com is another with great articles and advertising and promote their service Leaderboard. Marketwatch, same thing. Forbes. As website publishers, we provide free content and get paid by advertisers so we can keep bringing the public free articles.
If a person does not copy trade a successful investor when they first start, they are left with only 2 choices:
We all have only a limited amount of time on earth. Why should a new investor have to wait a couple years until they are good enough to start their own trading? The second option is even worse.
1Br0ker is 0r was definitely a T0p-secret, which is why I joined tw0 years ago and is still my preferred Br0ker. I tried many and I must say,' 1Br0ker' is 2nd to n0ne!
I will have to check but I believe the min. amount to be able to get into a trade, is 0.01(btc). If it changed to 0.001 I will be shocked :-0
I may just try to follow some trader to see how that works. I'm pretty good with trading now so, don't feel the need but, I would like to see if I get better results so, thx f0r bringing this back to my attention ;)
I joined a year before joining here @steemit ;)
https://1broker.com/?r=6673
Very interesting ! I started a series on how to understand and use Market Indicators like the RSI index and the MCAD. Please check put my first post and give me your reviews :)
https://steemit.com/bitcoin/@alihbadr/rsi-index-invest-smarter-1-understanding-market-indicators-to-help-you-better-interpret-the-cryptocurrency-markets-practical
@alihbadr
This post received a 3.5% upvote from @randowhale thanks to @kingscrown! For more information, click here!
Hello there..Good post!
I trade for a living....and am just wondering if the traders themselves are compensated by having "copiers"?
Very informative. Thank you.
It's verry interesting, I love the idea but it still risky to put our money in hands of people we don't know.
Quite helpful.
intresting idea. will check it out. not sure how much secure is it though.
Probably a way to get the hang of it when following succesful traders.
Although one will have to learn trading basics one day. Otherwise one will never understand what a successful trader is doing.
In the meanwhile, while observing and being a noob, thats a comfortable way of getting some money.
It's important to learn how to read the candlestick charts.
I feel like if enough people do this it will lead to more pumps and dumps right? Everybody doing the same thing at the same time?
Great Great post
Great post man!
I'm new here and I'm making some poker pro knowledge for everyone!
Can you help me with curation?
Thanks! Followed :)
nice info....upvote and resteem....
I have used 1broker before and love having the option to trade stocks in forex and short or long btc when i want to!
As it seems like this is not that much easy to make money in this type of sites. But still some people are trying make money in these tyoe of websites. I dont think so the gambling is the solution to get rich.
Nice post...thanks for sharing.....
why is the minimum trade value set to .001 BTC?
it is only .0001 for poloniex and .0005 for bittrex.
I say for copying the guys this is minimum
thank you for guild
Very helpful, thank you!
Why not actually LEARN AND INVEST YOUR TIME AND EFFORT into a certain coin before trading / investing it ? This is a good read but definitely not recommended to any newbies (including myself ) out there .
Great article. how user friendly is the software?
Seems like a great way to make money but seems pretty risky.