Posts in category: Earning Tips

In this article I am going to talk about Copy Trading and why you might want to try it out.

If you are interested in Forex Trading but do not have a lot of time to spend checking the market at all times.

Then you might want to check out Copy Trading.

This is also good for people who have been doing manual trading whose strategies are just not working out.

You could also use this chance to learn the strategies of an expert trader, as you will be able to review the trades they did.

What is Copy Trading?

Copy Trading is a way for you to copy the open positions of a more experience trader of your choice automatically.

What platforms should I use?

Basically to start in Copy Trading you need signup for a Copy Trading platform like eToro.com or ZuluTrade.com which are the best copy trading platforms out there right now.

After signing up to any of those sites you would then be able to browse to their Copy Traders list section.

In eToro, the Copy Trader link can be found on the left sidebar just under Discover section. As for the ZuluTrade you just need to click the Traders link in the top menu.

In these sections you would be able to browse through all the traders you can copy. Their return values are highlighted so you can choose the one with the top return percentage.

You can also see the number or investors or copiers currently copying the trader.

Honestly right now the one that I would prefer to copy is the top trader in ZuluTrade. His win rate in the past couple of days are just insane.

The only problem is that in ZuluTrade you would need to signup for a middle broker. So you would actually deposit your money in that broker before you can copy the trader in ZuluTrade.

I would really love to see that top trader in ZuluTrade right now to join eToro as in eToro everything is straightforward.

You just need to click on the traders profile picture and right in the next page you can find the ‘Copy’ button at the top right corner of the screen. Very straightforward, very well done eToro.

How much money do I need?

You might be asking, do I need to have the same amount of money as the Trader I am copying?

Short answer is, no. Your money can be way less than the Trader you want to copy.

All you have to do is tell the platform how much you will deposit and they will do the adjustment computations for you automatically.

Conclusion

I will be doing copy trading for now as I would really love an expert to trade for me.

I think this is the future as this gives chance to people like me who got full-time jobs and do not have a lot of time at checking the market.

Right now, I miss a lot of active hours which is the ideal time to trade.

There is still a risk involve in this so please only invest what you can afford to lose.

If you want to learn more how you can earn money online using your capital. This article might interests you.

If you are looking for the best Upwork alternatives. You have come to the right place.

It is no secret that even great companies have their own set of imperfections. Not even Upwork is an exemption to this.

I myself is a 9-year veteran in Upwork. So I have seen my fair share of problems with the company.

I am going to write another article highlighting the flaws the company currently had.

But for the meantime. Let’s have a look at their alternatives.

Here are the best Upwork alternatives.

1. Freelancer

Freelancer.com has the largest number of freelancers and buyers combined now already reaching the 29 million mark.

When it comes to what Freelancer.com has to offer it is also very similar to Upwork.

1. Buyers can post jobs.
2. Buyers can invite a freelancer directly to a job.
3. Freelancers can apply to a job.
4. They also have a time tracker.
5. There are also fixed price jobs.
6. They got a lot of work areas to choose from.
7. Built-in chat system.
8. Secure payment system.

Another similarity is that Freelancer.com also got paid memberships for both the freelancers and buyers.

The only issue I see in Freelancer.com is since the marketplace is so big. It may take awhile until you get suggested to a buyer to be invited.

I myself got multiple invites in Upwork in a weekly basis but I rarely get one in the Freelancer.com platform.

2. PeoplePerHour

PeoplePerHour could easily take the #1 spot on this list. If only its marketplace members count is not being dwarfed by the Freelancer.com platform.

But that honestly is a good thing for buyers of this site compared to Freelancer.com or even Upwork.

Basically the screening process on this site for approving freelancers is so meticulous.

This is to ensure that the buyers would only get the best freelancers for their needs. Thus the lower marketplace volume of freelancers.

Similarities to Upwork are:

1. Buyers can post free job posting.
2. Buyers can invite freelancers to a job.
3. Freelancers can apply to a job.
4. Freelancer can be invited to a job.
5. Secure payment protection by requiring a deposit from buyers.
6. Fixed price jobs.
7. Rating system for freelancers.

The one main difference is that PeoplePerHour also offers a Local Freelance Directory.

This allows buyers to hire a local if they are more comfortable hiring someone near them.

3. Outsourcely

Outsourcely functions a bit differently from the other platforms mentioned in this list.

Basically in Outsourcely, they allow the buyer to find a freelancer in their website. Then the buyer can contact and hire them directly.

Without a need for Outsourcely to be involved or act as a middle man.

If a buyer do this in any of the platform mentioned above. There is high chance of the buyer and the freelancer getting suspended.

This feature opens a lot of opportunities for the freelancers and buyers though.

For instance, since buyers can hire a freelancer directly. This means the buyer do not need to pay commission fee or hiring fee.

As for the freelancer, this means they can keep all their income to themselves.

Some key features of Outsourcely:

1. Buyers can post job opening.
2. Buyers can invite freelancer to a job opening.
3. Freelancers can apply to job opening.
4. Freelancers can accept invitations.
5. Built-in chat or video call system
6. Voice & video messaging through their system.

They also offer a service called Outsourcely Team Workplace which basically allows buyers to manage their remote team with ease.

4. Hubstaff Talent

For all the platform in this list. Hubstaff Talent is the one that I can see a lot of potential to get into an Upwork level.

Right now this site is completely free so I am expecting a massive increase in registrations as soon as the site reaches the mainstream level.

Next is that they already got a world class time tracking software at hand. As well as a top of the line team management system.

They just need to integrate both into their Hubstaff Talent system as means to secure payment compensation for freelancers.

This site also offers a lot of work areas to join or search from. Similar to Upwork but without fees.

Conclusion

I am in no way stopping freelancers from joining Upwork.

This is just an alternative if you are currently not being accepted to Upwork. Or you are having issues with them.

There are more freelancer websites out there but most of them are focused in one work area.