Monkey Darts is all about money and the markets.
Our quest is to figure out how the markets really work.
And to uncover little-known ways you can make money from them.
Well, I’ve got a great idea to show you today.
It involves short-term trading, tapping into the wisdom of “the Crowd” and piggy-backing on a bunch of super-successful traders.
And as I’ll show you in a minute, it’s something you could start profiting from right away.
Even if you’ve never placed a trade in your life.
Before I show you that, let’s have a quick recap…
What to do when banks don’t pay you
In recent issues of Monkey Darts, we’ve been looking at the best ways you can grow your wealth over the long term.
Places you can put your money… and let it build as time goes by (with minimal action on your part).
Where you can leave the markets to work for you.
There was a time (years ago), when you could just stick it in your bank or building society.
With deposit accounts paying 5% or 6% a year, that’s a great return, for no effort.
Especially given that it was ‘risk-free’ (unless the bank went bust and your money exceeded the deposit protection limit).
But you don’t get it that easy any more…
For the best part of a decade, bank deposit accounts have been paying zilch.
And during that time, inflation’s been averaging 2.4% a year.
Let’s think about that…
Money in the bank has been earning zero interest.
But because of inflation, that money has lost purchasing power.
In other words, it’s cost money to keep it in the bank.
No wonder people have been seeking out other ways to make a return, right?
Not just in equities (shares) and bonds, but in commodities, art, wine, cars, stamps and lots more.
In our study, we looked at which assets had performed best over the long term in real terms (i.e. after inflation).
And shares came out top.
By the time inflation has had its piece of the pie, UK shares made 5.5% per year over the past 118 years.
That smashes the returns from property (1.8%), bonds (1.8%) and cash (1%).
For long-term wealth building, shares are best (historically).
Especially when you use tax shelters like ISAs and pension plans to reduce the amount the government pinches…
How to make money in the short term
But I know a lot of Monkey Darts readers are looking for more immediate profits, too.
And for most of us, that means actively TRADING the markets.
Whether it’s individual shares, stock market indices, forex, commodities or cryptocurrencies.
These can all work well.
If they move up and down, then there’s the potential to profit.
You just need to figure out which way the market’s going to move… and place your trade.
Which is great if you know what you’re doing…
But it’s a challenge if you don’t.
Or if you’re not interested in learning. (And I know a lot of people aren’t, but would still like to profit…)
Which is why I’m excited by what I’ve got to show you today.
Copy every trade these successful traders make
If you want the chance to profit from the markets, without having to figure out which way the market’s heading, you’ll like this.
Imagine having access to a bunch of highly skilled, consistently profitable traders and being able to COPY their trades exactly.
Even better, what if you didn’t even need to place those trades yourself…
What if your trading account automatically copied every move those traders made, opening and closing the trades exactly when they did?
That would be cool, wouldn’t it?
Well that’s what the trading tool I want you to see today will do for you.
You’ll match the UK’s top traders’ results, pretty much point for point.
And without having to place one single trade yourself.
If you’re intrigued (or even sceptical) about how that could work, keep reading.
In a moment, I’ll give you a link to a special report that reveals everything…
The ideal solution for ‘lazy’ traders
I’m not sure why it is…
But some people are put off by the challenge of trading.
Some think it’s out of their reach. That only people with a City background have the skills to trade.
Others are just too busy or too ‘lazy’ to learn. Nothing wrong with that.
The way I see it, finding a decent trade is not that different to finding a share you want to invest in.
Or buying a car or a piece of antique furniture or anything else.
If you buy something, you assess whether it’s good value. Whether it’s worth the asking price.
In trading, you work out whether the price is likely to go up (because buy orders will outstrip sell orders) or down (sellers outstrip buyers).
If you think it’s going up, you buy (go long). If you think it’s going down, you sell (go short).
That’s pretty much all you’re trying to do.
And there are all sorts of cool ways to help you make your decision.
For most short-term traders, it involves studying charts.
You’ve probably heard it called “technical analysis”.
We study charts because they’re pictures of how the price has behaved in the past.
And by seeing how price has moved in the past, we can spot trends and patterns. And those can help us work out the likely future direction.
Which camp are YOU in?
OK, at this point, you’re probably in one of two camps…
- You want to know exactly HOW you can do that. How you can learn to read the charts and profit. And there are lots of seriously good traders I can introduce you to who will show you exactly how to do it.
- You want me to shut the hell up and show you how to copy the smart guys!
If you’re in the first camp, that’s great. I’m with you. I love to learn how to do this stuff for myself.
It’s a constant quest to find new ways to profit and new markets to trade and you get to meet some interesting people along the way.
But if you’re too busy or too lazy to learn how to trade, but you still want a shot at the profits, you’re probably in the second camp.
And that’s cool too.
So, if you like the idea of copying the exact moves of successful traders (or even if you’re slightly curious as to how it works), keep reading…
Peering over the shoulder of the UK’s best traders
Imagine being in a big room with a group of experienced traders.
You’re at the back of the room. All the traders are in front of you.
And you can walk behind them, peering over their shoulders, to see how they trade.
You can see their entire trade history. How their trades have done over the past weeks, months, even years.
You can see what returns they’ve made over the period. And what the most they were losing overall at any one time (‘drawdown’) was.
And when you’ve checked them all out, you can decide which traders you like, go to your trading account… and do exactly what those traders do.
Every single trade that trader makes, you’ll do the same.
Well, that’s how copy trading works.
Only you won’t be in a room full of traders…
You can do it all online.
You already have everything you need
It’s a simple idea and dead easy to use.
If you have a computer or even a smartphone, and the free report I’m about to give you, you have everything you need for copy trading.
That group of experienced traders I talked about a moment ago…
Instead of being in a big room, they’re all signed up to a website.
And you can sign up to it too.
Then you can see all their trades and historical data.
Every win, every loss and the combined overall performance. It’s all there for you, me or anybody else to examine in full.
And you can check out their trading style, risk appetite and the markets they trade, exactly as if you were looking over their shoulder.
Compare them to other traders and to the market.
And if you like what they do, you can choose to copy their trades automatically.
Get a group of traders to spread your risk
Say you find a trader with a good track record and whose style you like. You simply click on a button on the page to “follow” them.
Even better, you can follow a whole bunch of traders, perhaps with different styles, trading different markets.
That way you get to build a portfolio to spread your risk. Just as you might build a diversified share portfolio.
So, you might have one guy who’s brilliant at trading the German DAX stock market index.
And one who’s been making serious gains from gold and silver.
And maybe the forex specialist with a great track record trading currency pairs.
Those markets don’t necessarily all move in the same direction all the time.
So, if the DAX trader’s losing money on a trade, perhaps the gold and silver guy is making money.
By having a few different traders, it means you’re not relying on just on guy. You have some other players on your side.
When you’ve chosen the trader or group of traders you wish to follow, just click the ‘follow’ button.
And you’ll copy every trade they make automatically.
It really is, that simple.
(Actually, there are a few more benefits and other things you should know – outlined in the free report I’ll give you in a moment…)
You choose how much to risk
Now just in case you’re wondering…
You won’t be trading in the same amounts as the trader you follow.
The risks and returns are proportional to what the traders are doing.
So, whereas the trader you’re following may have a trading account of £10,000, you may have, say, £1,000.
If that trader then makes a profit of 4% of his account, then he banks a profit of £400.
You wouldn’t be banking £400 on that trade, though.
You’d be making £40 – i.e. 4% of your £1,000 account.
And the same thing with losses.
If the trade you’re following loses 2%, you’d take a loss of £20.
Whereas the trader you’re copying, with the £10,000 account, would take a £200 loss.
That makes sense I hope.
And by the way, you can even choose to risk less on any trades than the trader you’re copying is risking.
So, whereas he may be risking 2% of his account on a trade, you could adjust the settings, so you risk half that amount. The platform is very flexible.
Here’s how to see this in action
So, what do you reckon about the idea of copy trading – sound intriguing?
Perhaps a good next step is to see it in action…
The good thing is, you can do all this on a demo account. So, you don’t have to stick any cash on the line.
There are various platforms that offer copy trading. And they all allow you to open a demo account and try it out.
You can go through the process of checking out the performance and choosing one or more traders to follow. And then you can copy their trades using ‘virtual’ money.
It’s a great way to see how copy trading works… but without risking your real money.
And then if you like it, you can go on to open an account with real money if you want to.
It’s certainly something you should check out.
… whether you’re an experienced trader, or you’ve never traded before in your life.
We’ve put together a free quick-start report for you about copy trading.
It goes into more detail about how copy trading works, including:
- How to spot a trader worth following
- 5 rules for success with copy trading
- Benefits and risks
- How to get started
- The best copy trading platforms to use
Everything you need to know about copy trading, you’ll find in this free report.
Whether you’re brand new to trading or you’ve been doing it a while, copy trading is something to check out.
You can tap in to the collective knowledge of a bunch of experienced traders and copy their trades automatically.
That’s all from me. I’ll be back next Friday – have a great weekend.