There are many benefits that brings Social Trading with it. This includes, for example, joint action, the opportunity to benefit from the experience of all other community members as well as to successfully trade without much time. At eToro is the first broker who offered this type of joint trade and are now one of the world’s most famous eToro to Social Trading brokers. Introducing eToro and also show how it is possible to copy at eToro traders.
Copy trading at eToro: Overview of key features
- The eToro Social Trading offers for beginners and advanced traders many benefits
- One of the procedures in Social Trading represents copying other trader
- At eToro every trader can be copied with one click
- In OpenBook can be realized a search for four promising traders
1) Social Trading Provider eToro
The headquarters has the broker eToro in Cyprus and the company is therefore regulated by the local financial supervisory authority CySEC, which operates according to the single EU farther Directive, the subject also, for example, the BaFin. If that’s not enough as an answer to the question whether eToro fraud or serious is, is perhaps of the 3.5 million users around the worldare convinced.
At eToro is not only possible to copy strategies, also allows users to trade themselves and find this trade instruments such as currency pairs and CFDs on stocks, indices and commodities. To trade a web-based trading application available and it is possible this aseToro demo account know beforehand.
Conclusion: The regulation at eToro is via the CySEC and the Cyprus-based broker can attract more than 3.5 million customers around the world. In addition to numerous possibilities of social trading can also be done manually and via a web-based application which scores primarily by professional charts with eToro trading.
2.) eToro OpenBook: Find the best signal provider
It is not so easy to find a Trader for copying and without special auxiliary tools would not be an efficient search feasible. This is also eToro conscious and therefore presents the broker its clients the so-called OpenBook available. This is a database that contains a lot of information to each trader the broker.
Conclusion: The OpenBook eToro has been designed to find a signal generator which is to be copied. So, in this database numerous data and statistical information on the trading activities of brokers and a search function facilitates the selection.
3.) eToro CopyTrader: To copy other traders
Who is copied, each member can decide for themselves. eToro provides for numerous statistics available from which can be read off of the success and the risk appetite of traders. Ideally, you should choose a trader who was both successful, on the other hand this success not only owes a big trade, but steadily over again properly lay. eToro is therefore not only the overall gain in, but also the percentage of winning trades, called the hit rate. Employees who have opted for a trader can determine how much money he invested in him. A maximum of 20 percent of the capital can be tied to a single trader. With the money used all trade movements are automatically reproduced. This is done using the CopyTrader function of eToro. Here, a switch will be copied with the mouse and from now on every trade is transferred to the trading account of the copier. Invested the model ten per cent of its assets in a business, the program automatically be reinvested ten percent of the capital, which was tied to the trader. Alternatively, the activity of a trader only track and then decide on a case by case whether a trade is to be copied or not. Copying can be stopped at any time if the copier with the power of the signal generator is dissatisfied.
Conclusion: The copy of the trading strategies of other traders carried with eToro with just one click. For this purpose, the CopyTrader function is used. In this case, the copier using a maximum of 20 percent of its capital to a signal transmitter and each copier can decide individually whether all trading decisions or only certain ones are to be copied.