Cryptocurrency Passive Income: How To Create Steem Automated Forex Trading System
Steem Automated Forex trading is possible! Automated trading or social copy trading is something anyone interested in forex trading should know about. The idea of social copy trading is simple; use website to copy the real-time forex trades of other live investors you want to follow, so that every time they trade you are able to replicate their trades in your own account.
How to earn passive income using steem and copy trading method
It is possible to get passive income by copyfx method using 1broker website. 1Broker is a website that has been operating since 2012 which is purely bitcoin based and offers CFDs. You deposit your bitcoins and then you can use those BTC to leverage, take positions in various Forex pairs and commodities like gold, silver and oil, stocks like Tesla and Google. The most powerful feature of the website is the leverage that they offer, up to 200x on FX pairs andup to 20x on commodities like gold. You pay interest for this leverage, in addition to the spread that the site offers.
1- If you don't have an account at 1Broker yet, sign up first.
2- Click on the "Deposit" button and get your bitcoin deposit address.
3- Now, you can use Blocktrades website to convert Steem to Bitcoin and send to your 1broker account.
A deposit usually takes 20-30 minutes.
How to make a living copying traders
You will immediately see the most popular and the most successful traders on the first page. Clicking on a trader will reveal more info about a trader's recent activity. The main feature of the 1broker is the ability to copy other users making you able to profit from their profitable trading ideas. It is possible to copy successful traders with a fixed amount per trade of money.
The creator of a trade will have full control over the Stop Loss or Take Profit prices. He can also decide when to close the position. If you want, you can manually close a copied position at any time as well. Make sure you get enough information before you start copying other traders that they have enough experience.
And remember, you should only risk what you can afford to lose.
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