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EToro's CopyTrader Is Here! Be Prepared For A Completely New Way To Do
Trading
Let's say that you're among the thousands of folks who want to give currency and commodities
trading a shot but don't have enough time to educate yourself about all the different trading
methods, to follow economic data releases or to examine market movements each day. Until
recently, you would have had to simply give up your dreams of financial glory, however with eToro's
revolutionary new etoro copytrade feature, this is no longer the case!
CopyTrader is a completely new feature of eToro's social trading network. The guru of etoro copy
trader is that it enables you to make use of the knowledge and expertise of other traders on a
consistent basis. All you have to do is choose which profitable trader you wish to follow by looking at
the rankings and examining the traders' rate of success, trading method, number of followers, etc.
Once you find the trader or traders for you personally, it just takes a click of the button and his or
her trades will become your trades.
It might seem simple, but this is a genuine innovation in the domain of currency and commodities
trading, a shift from market-based or financial-instrument-based trading to people-based trading.
Rather than agonizing over which currency to buy or sell, the only decision you have to make is who
you want to trade for you and how much of your account you would like to dedicate to replicating
each trader you select. The more traders you copy, the more diverse your risk portfolio.
Certainly, you still sustain full control over your trades. All the parameters are completely
translucent, beginning with the spread and ending with the percentage of your balance which is
invested in each trade. Don't like the way a trade is going, or would like to capitulate on the profit
immediately? 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 not working for you in general, it only
takes a single click to detach yourself from him or her.
The ultimate goal, as you could probably imagine, is to assemble a dream team of varied traders
who you could copy indefinitely and then just watch your profits accumulate. Unlike forex robots or
paid traders, the traders you copy via CopyTrader have no agenda other than to make profits for
themselves, so you don't have to ever worry about them mismanaging your funds. Moreover, for the
sake of promoting responsible trading, CopyTrader only allows you to reserve 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 the benefits they bring to the eToro trading community.
CopyTrader is now available on eToro social trading network. Just click here to read full etoro
copytrade review !
http://ForextradingPlatformReviews.com

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