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eToro Social Trading
There's something Big happening in the world of Forex:
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eToro is a visually engaging forex trading software that makes trading simple and friendly, appealing to newcomers and experts alike!
According to eToro they now have over 5 Million Social Traders and the number is still growing! |
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1. Easy explanation of the concept of Social Trading:
2. CopyTrader - Harness the Wisdom of the Crowd
If you think that two heads are better than one,
how about 5 million heads thinking together
Conquer the markets by copying the top performing traders
on the eToro social investment network.
Copy our best, trade like our best
Over 3 million traders to choose from.
Follow and interact with other traders.
Copy multiple traders to diversify your portfolio.
Explaining the Open Book System
Explaining the New Web Trader
You can get more info at fxaccount-etoro.htm
You should seriously consider it to open an account at eToro.
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Yes, I am interested in signing up for an eToro live trading account!
OOPS! You forgot to upload swfobject.js ! You must upload this file for your form to work.
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If not interested in the Special Promotion,
click here to apply for your
eTORO
Please keep the following rules in mind:
1. There is always risk involved with any kind or trading, no matter what anybody may say or promise.
2. Even though some of the traders have done exceptionally well in the past, it is no guarantee that they may be able to repeat the same kind of performance in the future.
3. Therefore do not trade with money that you cannot afford to lose.
4. If you decide to make use of the trading skills of other traders by using the Copy Trader facility offered by eToro, do not go overboard!
Carefully select the traders you intend to copy and study their results.
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Low risk:
This result belongs to a trader who is very careful and conservative is his / her trading methods.
It is very likely this person will continue to be successful in the future. |
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Medium risk:
This trader is careful and conservative is his / her trading methods, but allows the market to go too many pips in the wrong direction at times.
It is very likely this person will continue to be successful in the future, but the trading method may eventually result in huge losses. |
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High Risk:
This person is not worried about taking a change or risking the money in the account.
Although he / she can do well over the short term, it is likely that this method of trading may result in huge losses in the future.
Gambling is not the answer for successful trading. |
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The longer the period that a trader succeeded in being successful with his / her trades, the more likely it is that this is indeed a skilled trader who will be able to repeat the same kind of performance in the future.
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If a trader performed very well in a short period, it may have been due to luck or gambling!
5. First test the traders you picked on a demo trading account to see how well they trade and what is the risk involved in their style of trading. If you decide you do not like a certain trader's style, remove this trader from your list and pick another one.
6. Only when happy with the results over a period of time can you start copying the traders on your live account.
7. Allocate only a small amount of money (% of your account) to any one trader. Rather divide the amount you want to allocate between several successful traders. This way you spread the risk. It is unlikely that all of them will have losing trades at the same time.
8. Monitor the results of your trading account on a regular base. If you notice that any of the traders are not performing well, replace this trader with another one which may perform better.
If you can suggest additional rules for making the best of this type of trading, please send it to me and I will publish it here. This way you will help other people to succeed as well.
I wish you all of the best with your eToro trading!
Johan
PS: If ever you realize that you need quality training in order to understand the markets better and to trade better, do no hesitate to contact me for your training!
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Whether you are a newcomer to the forex market or an experienced trader,
gives you the chance to learn and enhance your online forex trading skills with free training and the availability of the Open Book and Copy Trader systems.
Novice traders can learn about the foreign exchange market in a risk-free and cost-free environment, equipping them with the tools and skills necessary to trade under real market conditions.
Experienced traders can refine and perfect their strategies making them more successful at their craft.
Software: 100% free!
Apply here for your eToro Forex Trading Account:
Click here to apply for your
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After opening a demo account it is easy to deposit money to start trading with a live account.
If you are having trouble signing up or require any assistance, please do not hesitate to contact us on info@forexmasters.co.za.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The products and services discussed on this webpage are not solicited to S.A. customers.