eToro Social Trading
If you prefer to monitor your trading account occasionally, instead of checking it everyday, eToro is the one for you. Being the pioneer of social trading, eToro allows you to copy trades directly from other traders. This allows new traders to not only have a chance to view and learn how experienced traders analyse a trade, it also allow new traders to be able to benefit from them. It’s a win win situation.
To be frank, the spreads which eToro offers are not very fantastic compared to IC Markets. However, in my opinion, the trade copying feature totally compensated for that.
Hey! Make money without needing to analyse the trades yourself. How fantastic is that!
If you need help to open an account with eToro, please do not hesitate to contact them for help. Alternatively, you can contact me via email@example.com and I will try my best to assist you. I can speak English, Bahasa Malay and Chinese.
Please support us by using us as referral to let us generate some earnings to maintain this free website. All the reputable traders are on paid subscription and we are trying our best to provide it free to our viewers. Your spreads and trading conditions remain the same as if you had opened an account directly with the broker.
Below advantages of using IC Markets are extracted from www.etoro.com
What Is Social Trading?
Social trading is the newest, most exciting and most rewarding way for you to get access to the financial markets. By linking traders from all over the world into one big network, social trading empowers traders to use each other’s skills to trade smarter together, and that collective wisdom can take your trading to a level you never thought possible before.
As the world’s largest online financial trading community, nobody can offer your trading more of a social boost than eToro. And since we’re convinced that social trading is the way to the future of financial investment, we are constantly developing new tools to harness the unlimited possibilities of trading as a community. With such ground breaking features as CopyTrader, InvestorFinder, and much more to come, we are making it easier than ever for you to monetize not just your own potential, but that of your fellow traders!
So how does social trading work?
eToro’s social investment network works on several levels, enabling you to utilize social trading as it suits you. Whatever your financial investment goals or style, social trading is sure to enrich your trading experience.
The most basic function of the social investment network is to bring you live feeds of trading activity. That means that you’re exposed to what you’re fellow traders are doing in the financial market at any given time. How does that benefit you? Information is power, and staying informed about what other traders are doing gives you valuable insight into market trends, innovative strategies and trading ideas.
Naturally, you would probably be more interested in looking at certain traders’ market activity more than others’. You can do so by choosing to “Follow” the traders that you find more interesting. You can also get more information on each trader and even get in touch with them in person through their personal profiles. If you’re not sure which traders you want to follow, use the rankings or the “Investor Finder” to search the network according to your preferences.
The most direct way to benefit from social trading is to copy. If you spot a particularly promising investor in your live feed, in our investor rankings, or using our People Discovery tool, you can decide to allot a certain percentage of your funds to copying this investor. All you have to do is click on “Copy” and choose your investment amount to start copying their trades automatically. In fact you can even dedicate your entire account to copying other successful investors using the CopyTrader function, building what we call a “people-based” portfolio! The best part of CopyTrader is that you retain full control of your funds – you can pause or resume your copy activity, set a Copy Stop Loss, or simply close your copy relationship altogether whenever you see fit.
Past performance is not an indication of future results
What can social trading do for me?
However experienced you are as a trader, and however you like to interact with others, our social trading community is rich with benefits and opportunities.
- Pick out your Popular Investors – follow their trades, learn from their trading method and copy their trades automatically
- Track the ongoing performance of any trader through a series of simple tools and keep easily informed on everything they’re doing
- Interact with other traders to get useful tips and advice
- Keep your finger on investor sentiment
- Allow others to copy your investments
- Recruit copiers and get rewarded
- Gain recognition as a successful investor
- Become a Popular Investor and receive monthly payments*
* Subject to payment eligibility