Copy Trader By eToro
What is Copy Trader?
If you want a global market place where you can trade currencies, indices and commodities online in an enjoyable, simple and transparent way, then eToro has what you are looking for. The Copy Trader is a revolutionary aspect of financial online trading. Instead of spending your time analyzing how the financial markets are performing and trying to find a method to invest effectively, Copy Trader gives you an alternative of analyzing the performance of traders and then investing in the trader you choose.
How it works
When you opt to start copy trading, you are essentially choosing to dedicate a certain percentage of your personal funds to copy another trader’s trades using the online OpenBook trading network. Every time a position is opened by the trader, your account automatically copies that particular position. The sum of the investment will be relative to that indicated on your account balance.
Despite the action of automatically trading, copy trading online still gives the user full access to the copy trader portfolio and copied trades. This means that a copied trade can be taken over and managed independently. You also have the option of disconnecting yourself permanently from a trader that you no longer want to copy.
Advantages
Learning all you need to know about online copy trading is very simple. Your greatest task will be to know how to choose the best traders to copy and then monitor their trade activity. With eToro CopyTrader, you will have the necessary tools at your disposal to enable you to pick the best traders from the OpenBook database.
You can review their risk profile and trading history before choosing. This is known as the “See, Follow and Copy” process. The rest of the process will be done by the expert traders. At this point, all you have to do is sit back and watch them do what they know best.
The trading platforms are simple and this ensures that anyone trades efficiently. They provide easy and fast access to financial markets using platforms such as on the go, Home and OpenBook, the biggest social trading network which appeals to any trading experience level.
The social trading platform allows every customer to tap into a large investment network that allows you to benefit from the pool of collective wisdom in the trading community. You can interact with the trading community through live chats or discussion boards where you exchange ideas with traders. Find the best traders to learn from as you copy the experts.
