Social Trading Tools
As an award winning innovator in the field of social trading, we put a lot of effort into developing a wide range of tools to enable you to harness the collective wisdom of the eToro investment network in many different ways. Aside from the live streaming feed of trading information provided by our social trading platform, the social trading tools that we put at your disposal enable you to filter this feed and apply the information to your investment portfolio.
The CopyTrader ™ is a groundbreaking system that enables you to copy other investors automatically and manage your copy trading activity just as you would manage investments in any other market. All you have to do is find the investor you want to copy, set an allocation amount, decide whether you want to copy the investor’s already open trades, and click Copy. Your account will then automatically copy every trading action made by the copied investor, including opening new trades, managing stops and closing positions. Nevertheless, you retain control of your funds, as you can change the allocation amounts to each trader or close the CopyTrader relationship all together whenever you see fit.
The eToro network is composed of over 3 million investors, so how can you find the investors that are right for you? Introducing the People Discovery tool – a simple search mechanism that makes it easy to find traders according to your specific needs. Simply choose among the various parameter settings and get a list of all the traders that match your criteria for you to follow or copy. You can even save your search results or share it with the rest of the eToro OpenBook community.
Top Traders’ Insights
This live updated widget, found in the “Trading Tools” section of the eToro WebTrader, collects data from our top 1000 most profitable traders to give you an insight into which markets they’re investing in. The widget displays the top 10 most traded instruments, along with a breakdown into buy and sell positions, giving you an overall measurement of the sentiment among our most successful investors. Yet another way of harnessing the wisdom of the crowd.
Fundamental news and data announcements can have a profound effect on market movement and on your trading strategy. With the help of our Economic Calendar you can make sure to stay ahead of the upcoming events and plan your trading activity accordingly. Among other key information, the Economic Calendar tells you the expected impact of the announcement/event as well as the previous, forecast and actual figures for the announcement in question.
Keeping up with market news is an essential part of most trader’s daily routine, and with our Market News tool, you don’t have to look for any other source for your live news updates. From fundamental analysis to technical insights, and spotting trends that are starting to form or reverse, our Market News tool ensures that you’re on top of all the latest market headlines, thanks to our friends at Investing.com.
Converting pips into cash value can be tricky. For example, if the price of the EUR/USD went up 12 pips, how does that translate to actual profit/loss? Luckily, you no longer have to rack your brain trying to figure out the value of each pip on your own. Simply use our Pips Calculator tool to easily figure out how much each pip is worth to you depending on your chosen instrument and position size.