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Earn Money Online with #CopyTrading | Simple Earning Method | Earn Extra Income - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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So nowadays a concept is becoming very popular
whose name is copy trading now what is this
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copy trading. Well, it says that Necessity
is the Mother of Invention,
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If there is a need, then there is an invention.
Now this copy trading concept completes a
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necessity. Now, what is that Necessity? Many
people are new to this trading world, who
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want to earn money by trading, but they do
not know how to do trading. New ones have
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just arrived, they are just Learning technical
analysis and learning to use indicators, but
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they don't know and want to learn a lot, want
to earn money. It is possible that You too
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are in this category and the thing is if we
are new then how many chances are there to
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lose our capital, there are very high chances,
If the chances of losing our capital are very
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high, then we need a concept that should be
professional traders or individuals who are
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making a regular profit. If a person is making
a profit by trading, he must have some set
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of strategies.
If you also follow those set of strategies
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then you will also get profit. Now we have
to follow that set of strategies, but from
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where such people will be found. And why they
will get you to copy his strategies.
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This is a big question, now just think, you
find many such traders and not just one but
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many because we have to diversify our capital
as well. Suppose there is a human being ABC
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and a human being XYZ and a human being MNO,
now these are different people so you assume
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that you have ₹100. You give ₹ 40 here
and lend ₹ 40 and give ₹ 20 here and you
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want to trade with this ₹ 100, now what
they say that we will trade, Suppose that
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I will make this ₹ 40 to ₹ 50 by trade
or ₹ 60 but whatever your profit will come,
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suppose you gave ₹ 40 and it became ₹ 60.
You have made a profit of ₹ 20, are you
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ready to give me some percentage in this ₹ 20.
If you say that I will make a profit and someone
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is asking for a percentage from the profit,
then I have to give the money when it will
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be my profit. You say it's fine, I am ready
to give. Similarly, you gave money to XYZ
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and you gave money to MNO. Now, what happens
here in copy trading, everyone trades. When
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you are trading by copying someone, then people
follow such people.
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Now let's assume, 1000 people like you gave
money to him, Here 500 people have given money,
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Here 800 people gave money. Now a big fund
has gone to them. Now they trade with that
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big fund and by trading, if they Make a Profit,
they will take a percentage from you. But
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there is a catch here too. Let's assume if
they have a loss, they are
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Trading with ₹ 40 and there was a loss here,
If it remains ₹ 30 then what will happen,
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so that will be your loss too. Yes, It is not
that there is only profit. Then they will
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not charge any commission or percentage from
you. But it can also be loss, so copy trading
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has advantages and disadvantages too. So you
can follow people. You can earn a profit,
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especially if you are new and if there is
a loss then it will be yours too, then you
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can follow copy trading but will invest the
same amount, which you are ready to lose,
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but if you do copy trading now then it has
another big benefit. The advantage is that
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you find people who are trading and you can
see how they are trading. If they bought something,
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why did they buy it? If They sell something,
why did they sell it? You get to learn their
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strategy so if your attitude is learning that
I want to learn then you can do Hundred Percent
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Copy Trading. But now how do they do copy
trading? Which are the platforms? This video
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is sponsored by PRIME XBT, which is a trading
platform. I will show you exactly then you
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will understand more. Now we come to the computer
screen, then I open the PRIME XBT in front
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of you, so this is their platform. When you
log in, you will see their platform in this
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way. Now on their platform, there are index
and you can trade on upstox and you can trade
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on crypto, that is your choice. Here covering
has collaborated with them. Now covesting
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is a company which has DLT license, license
of Distributed ledger technology and they
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have their token which has a market cap of
8.32 million, now you can copy trade on covesting,
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as I clicked on covesting, here it is visible
that there are many people there, actually
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they are many people and you can follow them
and what is meant to follow, they are trading,
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now how much profit they are generating, as
you will Click, Suppose Here ETHMAN, whose
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profit is visible 3415.77%, now it has this
profit today and 241 people have followed
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then, And since 15 days they are on covesting
platform. So, from here you can analyze Every
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person at a time. If we talk about something
4.27, here the profit increased, the profit
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increased. The people who followed it, meaning
its 241 followers, increased their profit.
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Here you can see loss too, End of BTC, Someone
made this, you can have this name and anything
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else. If you want, you can also go to this
platform, by going to PrimeXBT. If you know
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technical analysis, then you can also register
on this platform and people can follow you
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and your trade, that is your choice. Here
if anyone has followed End of BTC, it is followed
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by 20 people, is loss of 0.11, then loss also
happens and profit also happens and you can
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see here, now if we talk about today, then
today 49.73, means there is a profit of almost
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50% who have followed the person of this name.
You can name anything. So you can name anything,
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You can watch the performance here. Now you
can open them and analyze how many days they
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have been active. How much is their equity,
Now the equity of the followers is not very
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much here? Now look, there is 0.02 BTC here.
Means their total follower's equity is 761
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USD, which is not too much. You will get a
lot of people, who will also have a lot of
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follower equity, so here you can also read
the description, you can also see how long
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they are trading and if a person is making
profit then you can follow him according to
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copy trade. So, this is all about the platform,
finally, you have to see one thing that If
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you are doing copy trade. If you are also
trading then what is trading, that is very
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simple, if you are trading, so when you buy,
you buy low and sell High and you short sell
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also, you know that concept that you buy at
high, sell high and buy low, now you understood
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that you can earn Profit by both the ways,
so if we buy on low price and sell on high
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price then we have profit, so this trade as
you do in Forex, or do in communities, or
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do in the index or do in Stocks or CryptoCurrency,
you can trade in Anyone, but trade in starting
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is highly risky, so I am telling you one thing
again and again that invest money in trade
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which you are ready to lose and if you will
do it for learning purpose then you can bring
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good understanding, I hope you have cleared
this concept of Copy trading. If you want
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to discover PrimeXBT, and you want to Discover
Copy trading, the link is in the description
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and comment box, you go there and they have
also referred and earn program and you can
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discover there when you will sign up, so you
can make money with copy trade, there are
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chances of loss
So you will compare both of them and do trade
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with your understanding. Finally, if you have
understood copy trading or you have some other
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question, you can ask your comment. Like this
video to give so much love. Share so that
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those people also came to know about copy
trading. I Will See You In The Next Video
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