CopyOp Review – Are they the Best Social Trading Platform?
Before I start this review, I must note that I am not affiliated with this program. This is a trading platform that allows you to copy the moves that other traders make. If the trader you copied made the right move, then both of you will earn a profit. They are one of the best there is.
Min Deposit: $200
You can also choose to trade on your own if you want to, but it is sometimes good to follow the moves of experienced traders.
Is CopyOp a scam?
No it is not and I am happy to say it, because more than 80% of all the trading programs are scams. It is one of the few platforms that I would recommend if you are interested in trading.
To strengthen my claim I have to note that they are regulated by Cysec.com and remember that they are operated by Ouroboros Derivatives Trading Ltd. Below is a screenshot of their listing. Remember that CopyOp.com is a platform that comes from Anyoption.com
What are binary options?
We all know that the value of commodities, currencies and stocks will always fluctuate. For instance the value of gold can either go up or down and there is no in between. When the value of gold is low and you think that it will increase in value, then you need to place a “put” which means buy.
If the value goes up as expected then you make money and if the value goes down, you will lose money. On the other hand, let’s say that the value of gold is high and you think that it is going to go down then you can place a “call” which means “to sell”. If it then goes down, you will make money and if it goes up, you will lose money.
With CopyOp there are a lot of stocks that you can trade such as Pepsi and Nike. You can look at fundamental analysis or the statistical analysis to base your projection on.
How to trade
After you have created your account, you need to deposit $200 before you can start. If you are an experienced trader and you want to trade on you own then you can click on the “TRADE MYSELF” button. If you would like to copy other traders, you can go to the right and select between the best traders, best trades or best Copiers.
For the most accurate results, you can choose the 3 month period option to know which trader, trades or copiers are the most consistent. Do not invest all of your money in one group, but spread it out to the best performers or trades in all of the 3 groups.
After a while you will know which ones makes the most money and then you can always move more money to the best option, but you should never and I mean NEVER focus on only one trader, trade or copier.
Is Online Trading for you?
It depends on what type of person you are and what your perspective on money is. If you are in it to make a quick buck or 2 and you are not afraid to lose money, then you can become a trader. Remember that with trading you should think with your head and not with your heart.
Emotions and money does not work together in this industry because there will be days where you will not make any money at all and some days you will think that you can quit your job. You need to constantly sit in front of the computer screen to wait for new trades to open. If you can do it on mobile, then it is great.
I have a friend that did trading on Forex and he really did not have a live. On average he slept for only 3-4 hours a day because he constantly had to check for new openings. He did make money of course, but he really did no have a life. He was trading with over $600 000 per day for clients and he just could not take all of that stress anymore.
The thing about trading is that you will never know for certain if the value of a commodity will go up or down, but you can make a calculated guess. It other words you can say that trading is the same as speculating with money.
My recommended strategy
If you are a person that does not want to take such big risks and you cannot afford to lose a lot of money, then you should consider the long term approach. This will allow you to build your business in a steady fashion which will result in a long term recurring or passive income.
My recommended method is called affiliate marketing. This is the easiest way to build a long term income earning business and the best part is that you can start today. With affiliate marketing you can build a website around your passion and earn a commission from each product that you promote.
Today I have a couple of websites that I have not touched for more than 6 months and they are still earning me a passive income. It is a method that you can do over and over again and there are no limits to what you can achieve. All you need is the right training and there is no better place than Wealthy Affiliate.
Other products that I have reviewed
Feel free to drop me a message below if you have any questions 🙂