New eToro Feature CopyTrader is Beyond Ecstatic!

The new eToro feature is beyond ecstatic! All the 95% traders that struggle with forex trading can now turn into this absolutely genius invention!! Let me explain what is so exciting and how this works.

1. First you choose a profitable trader you wish to follow by looking him/her up at the rankings. Traders profile gives you a clear picture of traders' success rate, trading style, number of followers etc.  Instead of agonizing over which currency to buy or sell, the only decision you now have to make is who you want to trade for you and how much of your account you want to dedicate to copying each trader you select. You might want to select several traders. The more traders you copy, the more diverse your risk portfolio.
 

2. Click on Copy Trader (huge green button at the trader's profile). Now all you have to do is to decide how much money you want to use in copying the trader. You can use either Real or Virtual money.

 
3. Once you copied this trader, you can view and manage the entire automated trading activity, live with Full Transparency and Full Control.

Of course, you still maintain full control over your trades. All the parameters are completely transparent, starting with the spread and ending with the percentage of your balance that is invested in each trade. Don’t like the way a trade is going, or want 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 want. And if a trader’s strategy is not working for you in general, it only takes one click to detach yourself from him or her.

eToro also intends to launch a Guru reward program in the very 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.

Updates - Broker Features