It is indeed possible!
I happily stumbled across a post which led me to .. 1Broker.com
The author was describing the ups/downs, the benefits/dangers of copy-trading .. where you sign up with a brokerage, choose a successful trader to 'follow' and after setting some basic parameters you would make the same trades, moving in / out of positions chosen by the trader you have followed.
Sounds scary right!? Sounds like something only a total newb would do!
Nope ..
After setting up an account on 1Broker I funded it with a few hundred dollars worth of Bitcoin and examined the list of successful traders that people are copying (below are the most current) ..
Not wanting to take on too much risk I was happy to see that the # 1 copied trader is also one of the least risky ..
Cool Hand Luke seems is not big on Forex trading, which is extremely volatile, and requires that you open/close positions the same day for the most part, which means that a series of bad choices can impact your bottom-line drastically, in a very short period of time. Luke seems to be doing well trading the S&P 500, which is ooook with me! The copy-trading parameters I set were 0.01 BTC per trade, a maximum of 5 trades per day, to see how things went .. you can set your per trade amount much lower, or of course much higher, depending on what you are working with ..
Results ..
In the month of July I made 0.028 BTC copying this guy .. not bad, and with the jump in BTC price in that period, it was a good month indeed. Looking forward to many more, and to do some Forex dabbling with the profit.
Warning:
Of course these guys can have a bad day, week, month .. they can completely meltdown. If you look at Cool Hand Luke's statistics he had a bad month in March of 2017 .. but, if you look at his trade history, it is clear that this was the result of one very big, very bad loss, on BTCUSD .. something that has not happened again since - it seems he has learned quite a lot in the last few months, and is doing increasingly well .. however, just be careful .. monitor the results of these trades, and make sure the trader you have copied has not lost their f'n minds. :-)
Did not realize a broker like this existed .. Bitcoin funding/withdrawal, actually being able to trade 'with' the Bitcoin, no need to send them documentation to identify you, copy-trading .. checking the fees it seems very reasonable - not gouging their members at all.
nice presentation Z!
Thank you kurt
We need to post more! :-)
Very cool!
4th it
fifthy that!
2nd that
3rd that
Going to give this a try - have always been interested in Forex, and it seems I can trade a few key tech stocks and indices on 1Broker.
Thanks
Google and Netflix .. fo da win!
Make money money .. by any means necessary!
woot!
what it's all about bro
Very good introduction - thank you.
Going to check it out!
yeeeeepers!
Make sure you can withdraw...
What can be better than crypto currency trading anyways?
Thanks for Sharing such information @zentat ...I follow you... Blessings
UPVOTED.
very good.
I would be happy if you like to follow me and give your opinion about my posts.
Thanks.
I was told one year ago about 1Broker... did not use it because did not have the time for trading and also did not know about the copy-trading stuff... will try it out... Thanks for sharing the info!
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