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Trade by coping the vary best traders on the eToro trading network, quickly and simply. As the world's biggest investment network, eToro offers you more opportunities to profit from the financial markets then anybody else.
To start CopyTrading all you need to do is open an account then use our investment network to search out the top finical traders right now. When you've spotted a trader you'd like to copy, simply choose a position of your funds to invest and get started.
Fill out a simple form to create your free free eToro account. Any information you submit is protected by the latest encryption technology and will not be shared with third parties. After your account is created, use one of the many available payment methods (credit card, PayPal, MoneyGram, etc.) to fund your account and receive a bonus of up to $10,000.
Use the OpenBook rankings to find and sort eToro's most profitable traders. Make sure to look at the traders' profiles and to take note of their portfolios, trading stats, and copiers. If you want to create your copy trading portfolio based on different markets, use the Market Leader rankings to find traders to copy.
Once you find the traders you want to copy, simply click on “Copy Trader” to start automatically copying their positions. You will then be asked to specify the percentage of funds you want to dedicate to copying this trader (up to 20%) so your investment amounts will be calculated accordingly.
All you have to do now is watch your trades generate profit! Remember, you retain full control of your account and can take over a trade, or stop copying a trader, at any time. And like any team manager, always be on the lookout for new trading stars to add to your copy trading portfolio!
Online trading platforms can often make traders feel isolated from the forex trading community. One of the main advantages of eToro OpenBook is that it enables you to see the activity of other members of the social trading network via live online trading feeds. By watching what other traders are doing, you can get a better idea of what is happening in the forex market and in other financial markets, and maybe even get some ideas that you can then implement via the eToro online trading platform, the WebTrader.
For novices, this can provide a valuable opportunity to learn how to trade forex online by seeing how others do it before engaging in online trading by themselves. And if you spot a particularly promising forex trade in the live feeds, you can also immediately copy it, or even choose to add the trader to your copy trading portfolio through the eToro CopyTrader.
What’s more, you can filter the online trading feeds you see through a number of useful filters. For example, you can choose a particular instrument for which to view a live feed. So if you’re only interested in online forex trading, as opposed to commodities or indices, simply click on markets, and choose your currency of choice. You will then see the latest live online trading actions for that currency.
By incorporating both trading platforms, the OpenBook and the WebTrader, into your online forex trading activities you can make the best out of the social Forex trading experience.
The eToro OpenBook social trading platform offers you unique copy trading opportunities. However, what if you see a Forex trader in the network that you find interesting, but aren’t sure if you want to add him to your copy trading portfolio? Well, in this case, you can use the “Follow” option in the OpenBook social trading network.
Following a trader means that you can access his/her profile more easily, and that you can view his/her online trading activities on a special live feed dedicated to the traders you follow, called the “Watch list”. Basically it makes it easier to keep track of particular traders, whether they’re your friends or potential CopyTrader candidates.
What’s more, through the follow function, you can select individual trades to copy, rather than automatically copy trading every position the trader makes. If you see a particular trade in your “Watch list” feed that you’d like to open yourself, simply click on the “copy” button. This automatically sends the trade to your eToro WebTrader platform where you can edit the investment amount and create your own stops. Once you open the trade, use the online web trader platform to monitor and manage the position.
On many occasions, you’ll find that you don’t want to start copy trading the traders in your watch list, but they are still worth following, especially when it’s so easy!
eToro CopyTrader is a new kind of financial trading online, whereby instead of analyzing the financial markets and then choosing which instrument to invest in, you have the option of analyzing traders’ performance and then choosing which trader to invest in.
Copy trading means that you can choose to dedicate a percentage of your funds to copying the trades of another trader on the eToro OpenBook online trading network. Then, when that trader opens a position, your account will automatically copy that position with the investment sum relative to your account balance.
The beauty of copy trading online is that despite the automatic copy trader action, you retain full control of the copied trades and of your copy trader portfolio. At any point, you can take over a copied trade and manage it independently. You can also disconnect yourself all together from a trader you no longer wish to copy.
Learning how to copy trade online is a breeze; your main responsibility is choosing the best traders to copy and monitoring your copy trader activity. Luckily, eToro provides you with many tools that enable you to choose the best traders to copy out of the eToro OpenBook trader database. Everything else is carried out by the expert traders themselves, all you have to do is watch them go!
The advantages of eToro’s copy trader are clear but you might be confused on how such trading works. For this we created the ultimate “How to copy trade” guide which means you can start trading within seconds!