If you are just about to begin trading or are a newbie, there are a couple of questions that you must be asking yourself.
On top of the list must be a question like whether you must be knowledgeable on how to predict the asset market in order to make money trading.
You must also be wondering if there is a way that you can benefit from experienced traders by taking exact trades like them so as to profit as they profit.
In this post, I introduce to you Expert Option Copy Trading.
It is the answer to both of the questions posed above, which most newbies find asking themselves.
If you have been trying different trading strategies and have failed, no matter how long, this might also be the solution to the frustrations you have been going through.
That is just to say the least, not forgetting traders who are always blowing their trading accounts due to failed trading strategies or dented trading psychology.
I bet by the time you are done with this post, you will just have discovered a precious companion to your trading in the name of Expert Option Copy Trading.
What is Expert Option?
The term Expert Option Copy Trading has two components to it, which are ‘Expert Option’ and ‘Copy Trading’.
We need to explain what each is first before we get into the details. We shall begin by talking about Expert Option, then Expert Option Copy Trading next.
So what is Expert Option? Expert Option is an online Binary Options trading platform.
The platform offers over 100 different financial assets which include Currencies, Cryptocurrencies, Commodities, Indices, and Stocks.
Expert Option offers a $10,000 free Demo account and Up to 95% returns on the invested amount!
The minimum deposit amount with Expert Option is just $10 and the minimum trading amount is only $1.This makes it quite simple to get started.
Great bonuses are also available on deposits. The minimum withdrawal amount from Expert Option is $10 as well.
You can trade via their website or by downloading one of their apps.
Expert Option began providing services in 2014 and executes more than 30 million deals every month.
The broker is an FMRC authorized broker that holds a license from one of the world’s reputable regulatory body, VFSC.
What is Expert Option Copy Trading?
The second component of the term Expert Option Copy Trading is ‘Copy Trading’. We shall explain what it is next.
So what is Expert Option Copy Trading? As the name suggests, Expert Option Copy Trading is a special feature offered by the Expert Option trading platform, which allows traders to copy the trades of other traders.
The platform does not have a function to copy every single deal of a specific trader.
Instead, you can choose a trader and follow their decisions. You can simply see the trader’s deals and copy them manually.
Expert Option Copy Trading is actually branded as ‘Social Trading’ on the Expert Option trading platform.
It is social because if you turn on the social trading feature, you will not only see the deals of your single preferred trader but the deals of all traders on the platform.
Social trading is such an interesting feature of Expert Option.
In Expert Option Social Trading, a trader can see the deals of other traders in real-time on the graph.
The trader can then trade in the direction of their preferred trader or in the direction of most of the traders to get more profit.
Little red and green circles with an image inside, appearing on the price graph represent the various traders and the trades they have taken, real-time.
How to Make Money with Expert Option Copy Trading.
To this end, you understand what Expert Option is, and better still, what Expert Option Copy Trading is.
But you might be wondering how you can make money with this Expert Option Copy Trading.
If that sounds like you, then here is the section you have been dying to access. We shall handle how exactly you can make money using the Expert Option Copy Trading.
Here are simple steps to follow in order to make money with Expert Option Copy Trading:
- Access the Expert Option Trading Platform.
- Register as a Trader in Expert Option.
- Log in to Your Expert Option Trading Account.
- Deposit Funds into Your Expert Option Trading Account.
- Choose a Trader to Copy.
- Turn on the Social Trading Feature.
- Copy Trades of Your Preferred Trader.
Expert Option Trading Platform.
Expert Option offers users a wide range of trading platforms. The broker provides traders a choice to trade via;
- The web.
- Mobile Apps.
- Desktop Apps.
What that tells you is that you can trade both from your mobile phone and your computer.
On your mobile phone, you can choose to trade from the Web platform using any browser.
Better still, you can download the Expert Option Mobile app for both Android and iOS devices.
On your computer, you can choose to trade from the Web platform using any browser as well.
Are you ready with the Expert Option trading platform of your choice? Great, we can proceed next.
Expert Option Registration.
If you thought registering as a trader on Expert Option is an uphill task, then wait until you read this.
Just click on the registration button labeled “Real Account” and proceed.
Which details will be required while opening an Expert Option trading account at registration?
Simple. Here is what you will be required to do by filling in the specific fields:
- Enter your Email address in the field labeled ‘E-mail’.
- Set your own Log-in Password by typing it in the field labeled ‘Password’.
- Accept the Terms and Conditions by checking the respective box.
There are other Options to Register on Expert Option which are available on the registration interface. These are registration through your:
- Facebook Account.
- Google account.
After successful registration, you will receive an email through the email address you provided.
You may then be required to confirm your email address by clicking on a link sent to you.
After then, your Expert Option trading account will be ready for trading.
Logging in to Your Expert Option Trading Account.
After creating your Expert Option trading account and verifying your email, you can log in to your trading account using the credentials you provided during registration.
Here are the simple steps to follow in order to log in to your Expert Option trading account:
- Open the Expert Option trading platform you have. This could be the Expert Option Mobile App, Desktop version, or the Web version on your browser.
- Locate and click on the ‘Login button located just next to the ‘Real account’ button. A pop-up appears with fields labeled accordingly.
- Enter the email address you used during registration in the filed labeled ‘E-mail’.
- Enter the login password you set during registration in the field labeled ‘Password’.
- Click on the ‘Blue Login button’ located just below the fields you just filled.
Expert Option Fund Deposit.
The next thing to do is to ensure that your Expert Option trading account is funded with enough money to enable you to copy trades.
Do you remember the minimum deposit amount and the minimum trade size for Expert Option?
The minimum deposit amount with Expert Option is just $10 and the minimum trading amount is only $1.
Funding your Expert Option trading account is simple.
Here are the simple steps to follow after logging in to your Expert Option trading account:
- Click on the Deposit button.
- Choose the payment system you prefer. Several payment systems are supported including:
- VISA, MasterCard.
- VISA, MasterCard, Maestro.
- Perfect Money.
- Yandex Money.
- Choose or Enter the Amount to Deposit. The minimum deposit amount is $10.
- Accept terms & conditions, refund policy, payment info policy. That is by ‘checking the box.
- Press Continue and follow any further instructions.
- Your Real account will be credited with the amount you had entered instantly.
Choosing a Trader to Copy.
Is your account active and funded?
Then you are ready to begin making money in Expert Option with the Expert Option Copy Trading feature.
You are first going to learn how to select a trader to copy before I proceed to show you how to copy trades from that trader.
So how exactly do you choose a trader whose trades you will go ahead and copy?
You will just need to access the Expert Option Social Panel and choose a trader from there. It is so simple.
Follow these steps to access the Expert Option Social Panel and choose a trader to copy:
- On the far right side of the trading interface, locate and click on the ‘Social button’.
- Social Panel of Expert Option gives you a lot of information about traders and their decisions. The panel also gives the overall information as you can see above. This includes:
- A total number of expert Option traders who are online.
- Opened Volume.
- A number of Opened Deals.
- Number of Closed Deals.
- Sentiment – a percentage of traders who are on buy trades and of traders who are on sell trades.
- Top 5 traders for every minute for the last 4 minutes, the amount they have won and the asset they were trading.
To choose a trader to copy, here are our suggested criteria which you can apply:
- A trader who appears on the ‘top 5 list’ frequently.
- The trader who has won high amounts consistently.
- A trader who takes huge amounts.
- You can use other criteria to choose a trader to copy. Only ensure that the trader you choose has a good winning history. You are therefore assured of winning just as them. After all, you are going to copy their trades.
- Take note of the name and the photo of the trader which you have chosen, as well as the asset they were trading.
- You can actually choose more than one traders and be keen to monitor their trades.
Turning on the Social Trading Feature.
You will have to turn on the social trading feature if you will see the trades taken by the trader you have chosen to copy, among those of many other traders which will display on the chart.
Turning on the Social trading feature in Expert Option is very easy.
Just locate and click on the ‘Social Trading button’ and that will be all.
You will begin to see red and green circles with photos and those will be traders taking trades in the respective directions. Note that the ‘Social Trading button’ is different from the ‘Social button’.
Copying Trades of Your Preferred Trader.
Do you remember the name and the photo of the trader you chose to copy? Do you also remember the asset they were trading? Having all that in mind then, copying them is so easy.
Follow these simple steps to copy the trades of your preferred trader:
- Choose the asset your preferred trader is fond of trading. This is by clicking on the asset button and choosing the asset from the list which pops up.
- Wait till a circle containing the photo of your preferred trader pops up among the many circles of the various traders which print on the price chart.
- Confirm it is indeed your preferred trader by clicking on the circle which will show the name of that trader. Therefore, confirm it is the name of the trader you had chosen to copy from.
- If the circle of your preferred trader is red, it means that the trader has taken a down trade for that asset. Copy by trading down for that asset, using your preferred trade duration.
- On the other hand, if the circle of your preferred trader is green, it means that the trader has taken an up trade for that asset. Copy by trading up for that asset, using your preferred trade duration.
- Wait till the expiration of the trade and see the outcome. There is a high likelihood of winning the trade if you adhere to our criteria of choosing a trader to copy from.
- Repeat the above steps and keep making profits.
You can choose not to have a preferred trader prior. You can actually turn on the social trading feature and begin copying trades as follows:
- In the direction in which most traders are trading. Many red circles occurring consecutively mean that most traders are selling that asset. On the flip side, many green circles occurring consecutively mean that most traders are buying that asset. Trade in the direction in which most traders are trading.
- Trading in the direction in which traders staking the highest amounts are trading. They must be experienced traders if they can afford to stake such huge amounts in a single trade. You can therefore copy them and profit big-time.
Final Thoughts on How to Make Money with Expert Option Copy Trading.
You can see that newbies, by copying experienced traders, can make a fortune trading in Expert Option.
This means that even without the knowledge of how to predict the asset market, you can still make profits on the asset market.
And how is that possible?
By copying what experienced traders are doing on the asset market using the copy trading or the social trading feature. One of the brokers which offer a wow experience to traders copying trades is Expert Option through their social trading feature just as we have discussed.
Has the lack of knowledge on how to predict the asset market been holding you back from trading? Then jump right into trading and enjoy copying the trades of other traders in Expert Option.
Happy Profit Making!