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 the moment, 6 fiat and crypto currencies can be used to fund a Tram, which are
EUR, USD, GBP, ETH, XTZ, XLM and BTC.
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 that the cryptocurrency market is volatile, and even professional traders lose money.
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 and or 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. Please keep in mind your unrealized P/L of your open positions when removing allocated funds.
Continue learning more about TraM in our article: Under the hood: TraM (Trade Mirror)
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