EToro’s CopyTrader Can Be Used! Prepare For The New Way To Do Trading

Let’s say that you’re one of the thousands of folks who want to give currency and commodities trading a try but don’t have time to learn all of the different trading methods, to follow economic data releases or even to examine market movements each day. Up until now, you would have had to simply let go of your desires of financial glory, but with eToro’s groundbreaking new etoro CopyTrader feature, that is no longer the situation!

CopyTrader is a completely new function of eToro’s social trading network. The master of etoro copy trader is that it enables you to make use of the knowledge and expertise of other traders on a regular basis. All you need to do is select which profitable trader you wish to follow by looking at the rankings and going over the traders’ success rate, trading style, 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 tradings.

It might appear simple, but this is a genuine revolution in the world 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 now have to make is who you wish to trade for you and exactly how much of your account you would like to dedicate to duplicating each trader you decide on. The more traders you copy, the more diverse your risk portfolio.

Of course, you still sustain full control over your tradings. All the parameters are completely translucent, starting with the spread and ending with the percentage of the account balance which is invested in each trade. Don’t like the way a trade is going, or would like to capitulate on the profit right away? There’s no need to wait for your trader to make a move – you can close a trade or edit the stops whenever you wish. 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 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 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 lets you reserve a maximum of 20% of your account for copying any one trader, to ensure the diversity of your trading portfolio.

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

CopyTrader is now available on eToro social trading network. Just click here to read full etoro copy trader review !