The first step on the journey of making a passive income using CoinMetro’s Trade Mirror (TraM) system, is to make sure that your account has the funds necessary to allocate into your TraM trading wallets.
At this time, both EUR and BTC can be used to fund a TraM.
500 XCM has to be locked for each TraM you wish to participate in, this will be returned to your available balance if you decide to leave the TraM.
The minimum amount that can be allocated into a TraM is decided by the TraM manager, with 50 EUR/0.005 BTC being the minimum.
Pick a TraM for your investment based on your own criteria, perhaps you are a risk-taker looking for a TraM trading those volatile altcoins? Or maybe you’re looking for a low-risk portfolio focused towards the major cryptocurrencies.
Be aware the cryptocurrency market is volatile, and even professional traders lose money.
The TraM platform can be accessed via the navigation menu inside the Go! Platform.
On the TraM dashboard you will be presented with a list of all public mirrors. These are generally individual traders, algo-traders or institutional grade traders.
By default, the public TraMs are sorted by Performance. The listed view gives a simple overview of performance, number of followers, and allocated capital.
By clicking anywhere on the TraM panel, we are presented with more detailed information about the TraM.
Once you have found a TraM you would like to invest in, the next step is to allocate funds.
To allocate funds into a TraM
Inside the detailed view of our chosen TraM, the first step is to click the “Join” button.
This will open the menu, where you choose the asset (EUR or BTC) amount to allocate. With this filled in, simply hit “Allocate funds”. Done? Now you’re trading!
Each position opened/closed by the TraM manager, will be mirrored proportionally inside your TraM wallet. You can review your TraM positions in the “My TraM Trades” page.
Want to hop off the TraM, or allocate more funds?
If you have funds allocated to a TraM you will see “Adjust allocation”. Within this menu, you can either allocate funds, or remove funds. Removed funds will be available instantly in your EUR or BTC wallet.
We hope this answered your questions about this topic, if not, please don't hesitate to contact us.
-CoinMetro's Customer Support