Ayondo Tips | SocialTradingGuru.com

Ayondo Tips

Ayondo TipsBelow are some generic tips to help you try and get the best out of ayondo’s social trading platform. All the tips are based on our personal experience and included for educational purposes (i.e. they’re not investment advice). We do also have more specific pages written with:

Tips for selecting Top Traders to Follow on ayondo (click here):

These explain on more detail what we look at when evaluating traders on ayondo, using the information and tools available on their social trading platform.

Ayondo money management tips (click here):

These explain in more detail how best to use the tools available to you in ayondo to manage your overall risk.

Generic ayondo tips:

  • Try the demo account first (click here to try the ayondo demo).
  • Spend some effort and time evaluating the traders before you start following them. The more time you spend, the better your long-term results.
  • Understand the risk level of each Top Trader you follow and the impact to your overall account risk (especially when copying more than 1 and when using size multipliers).
  • Monitor your ayondo performance regularly, but be patient. Don’t just drop a trader based on their performance over 1 or 2 weeks. If you spend sufficient time evaluating them you should allow them a few months at a minimum, and not worry after a few weeks.
  • Try and avoid closing trades of Top Traders in your account yourself. If you start following a trader, you’re trusting their overall performance. Once you start closing their trades manually, you actually start trading yourself and your performance will no longer match theirs.
  • However, if you have lost confidence in a trader or notice that they start increasing risk significantly (e.g. Martingale type trading) you should stop following them and close their open trades.
  • Because ayondo doesn’t display the profits/losses each trader makes for you separately, consider following a trader from the start of a month if you like to know how they have performed for you. You can then look at their monthly returns and assume they contributed in similar amounts to your account (obviously dependent on your allocation).
  • If you’re new to social or mirror trading, start small. You can start with a live ayondo account from $50, £50 or 50 Euro, and hence get confident with their platform and the Top Traders first before you increase your investment.
  • Have realistic expectations. If you expect 100% returns, understand that these come with significant risk as well. Never invest money you cannot afford to lose!

 

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CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.