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Join our lively social trading network and discussion walls and get access to the world’s largest and most exciting online trading community. Interact with thousands of other traders worldwide and discover helpful hints and tips through their discussion walls, which can boost your currency trading skills.
As a trader, you need daily access to various sources of information. Checking up on charts and diagrams is all well and fine, but there are many crucial bits of information that you will miss out on if you just check the dry statistics. eToro’s network can serve as a healthy supplement to your daily currency diet, bringing trends and events in the financial world to your attention that you wouldn’t have otherwise picked up on. The variety of the information you can find in a trading forum as large as the eToro investment network, allows you to get a bigger and clearer picture of what is happening in the stock and commodities market. Here are several ways in which you might use eToro’s discussion walls.
The eToro OpenBook is a gold mine for novice currency traders since they are exposed to other people’s mistakes and successes and can then use them to their advantage. Unlike any other financial forum, eToro’s community takes place in the context of a social trading network, which means that it is not concentrated in one tree-like structure, but is instead spread out over the discussion walls of individual traders. This means that the information in this particular forum is free, un-moderated, and actually easier to follow. A single trader is much likely to give consistently useful information, than any one currency forum branch. Furthermore, in this format, written discussion can be easily juxtaposed with relevant trades and trading feeds, since the eToro OpenBook network gives members access to all the trading activity on the network.
The discussion walls are a source of continuously renewed information, which is essential in currency trading. Moreover, the market is inherently a social form of financial trading since trader opinion can have a huge influence on the market’s movement. eToro’s social network is therefore the perfect place to check out the day’s trader climate simply by seeing what traders are trading, or writing about the different trends taking place at the moment. If you see that most traders have adopted a bearish attitude towards an upward trending currency, perhaps the trend is about to turn and you might want to think about selling. The opposite of course is true for a bullish attitude. In any case, general trader opinion is not to be taken lightly and you can get quite a large scope on it by visiting the eToro OpenBook.
Apart from investor sentiment, the Community is the perfect place for novices to learn currency trading strategies and for trading Social Gurus to recruit more followers/copiers by teaching them these strategies. When the top traders share their advice on their discussion walls there is mutual gain to be had by both parties. The novices gain knowledge and expertise, while the top traders gain exposure and subsequently commissions for recruiting more copiers (in the context of eToro Social Guru Program).
To start participating in eToro’s unique social trading forum, head to the eToro OpenBook at openbook.etoro.com.