Let’s say that you’re among the thousands of people who would like to give currency and commodities trading a try but don’t have time to understand all the various trading techniques Salomon GCS Pro Trail Sale , to follow economic data releases or to examine market movements each day. Up until now, you would have had to simply let go of your dreams of financial glory, however with eToro’s groundbreaking new etoro copytrade feature, this is no longer the case!


CopyTrader is a new function of eToro’s social trading network. The wizard of etoro copy trader is that it lets you make use of the knowledge and expertise of other traders on a consistent basis. All you need to do is pick which profitable trader you want to follow by looking at the rankings and going over the traders’ rate of success, trading method, number of followers, etc. Once you discover the trader or traders for you, all it takes is a mouse click of the button and his or her tradings will become your trades.


It might appear simple, but this is a genuine revolution in the domain of foreign currency and commodities trading, a shift from market-based or financial-instrument-based trading to people-based trading. Instead of agonizing over which currency to buy or sell, the only decision you now have to make is who you want to trade for you and how much of your account you want to dedicate to replicating each trader you select. The more traders you copy, the more diverse your risk portfolio.


Of course, you still sustain full control over your trades. All the parameters are completely transparent, starting with the spread and ending with the percentage of the account balance that is invested in each trade. Don’t like the way a trade is headed, or would like to capitulate on the profit straight away? There’s no need to wait for your trader to make a move – you could close a trade or edit the stops whenever you want. And if a trader’s strategy is no longer working for you in general, it takes merely one click to detach yourself from him or her.


The ultimate goal, as you can probably imagine, is to assemble a dream team of different traders who you could copy indefinitely and then simply watch your profits build up. Unlike forex robots or paid traders, the traders you copy through CopyTrader don’t have any agenda other than to make profits for themselves, so you never have to worry about them mismanaging your funds. Moreover, for the sake of promoting responsible trading, CopyTrader only enables you to set aside a maximum of 20% of your account for copying any one trader, to ensure the diversity of your trading profile.


EToro also plans to introduce a Guru reward program in the near future, to compensate traders with a large following for all of the rewards they bring to the eToro trading community.


CopyTrader is already available on eToro social trading network. Click here to read full etoro copytrade review !


Want to know more about etoro copy trader ?


A detailed eToro review availabel here

Demetra Steffen
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