Social trading is a revolutionary way to trade, especially on the leading social platform at eToro.
How does social trading work?
eToro has over 10 million active traders.
This means that you have the opportunity to a vast selection of other top traders trades and portfolios that you can copy automatically.
eToro social trading platform
That’s not all…
Their unique platform makes it possible to interact with fellow members of the eToro community, discuss trading strategies, share posts.
You can also post your own updates, tag instruments and create feeds to tailor your investing and trading interests.
Keeping in touch through various social media channels
The platform also allows traders to easily interact with other social networks like Facebook, Twitter, Instagram and Youtube.
On Facebook, you will find out about any new products with live broadcasts, while Twitter also offers real-time updates with special promotions here you can join in the financial conversation on the Twittersphere.
Users on Youtube will discover that they can learn trading techniques with video tutorials while enjoying interviews on financial aspects of trading and a lot more.
Instagram users can follow the latest updates on eToro which include the use of the platform together with features.
The social channels are designed to keep eToro community users together with the general public informed and you will find have they are actively used and updated constantly.
Lastly, if the platform suffers any outrages, users will get notified on Telegram when it goes down and when it is up again.
Here you will also get notified on important news like new products and updates to the platform.
Now, it doesn’t end there.
There are so many advanced features just like any other social networking platform but with the emphasis on trading with practical advanced trading tools which makes it revolutionary and unique.
Here are some other features:Receive notifications straight to your mobile device when the user you are copying writes a new post or when an asset that you have on your watchlist becomes volatile.
You will also receive alerts on many other important updates.
You can easily copy the trades and moves of more experienced investors and traders who are part of the eToro community.
Traders at eToro’s platform
*Past performance is not an indication of future results.
What if you don’t want others to copy you?
If you like to keep your trading activity private and anonymous, eToro has you covered.
Simply switch to ‘Private Profile’ in the profile privacy settings.
eToro profile privacy settings
But doing this will exclude you from the popular investor program.
This is how the popular investor program works…
You get rewarded for being copied by other members of the eToro community and the more copiers you have, the bigger the payout.
Now, this is on top of the profits you make from trading.
This is to encourage successful traders to share their wisdom and help build a strong community of traders and investors.
Popular investor in eToro
Many of these traders have invested a large part of their time in learning and have built up a fair amount of knowledge in trading and investing strategies.
They come from all walks of life, regardless of their financial backgrounds. The popular investor program gives them a second income.
Your eToro profile is important
Add a picture of yourself and write something about yourself.
This is a social trading community they will love to hear about you and if you want to get copiers this is a good way to introduce yourself.
Make sure that you verify your account if you want to get copiers!
There are community guidelines that the eToro community is asked to adhere to.
You will find that the community is friendly and pleasant.
Setting up your profile is easy, there are four tabs:
The feed tab has all your social activity which includes your posts and comments together with your bio.
The stats tab will provide you with a history of your fail/success ratio so that you can keep track of your risk score, it also shows your portfolio and more.
The portfolio tab shows the community your portfolio, what you trade and invest in.
The chart gives you a simulation of what you could yield over time in a $10,000 investment.
Today, it is no secret that there are many benefits from the collective wisdom and with so many clients at eToro, the CopyTrader feature enhances your trading substantially.
With the CopyTrader feature, you are able to also use the CopyPortfolios feature which is a sophisticated algorithm that finds the most successful traders and bundles them into one managed portfolio that you can invest in.
*Past performance is not an indication of future results.
It is designed to generate a maximum return at any given time.
Finding people is simple and intuitive
To find people that match you’re trading and investing needs you will discover that finding traders to copy is intuitive and quite simple.
First, you can locate traders on the ‘Copy People Screen’, you will also notice that the Editor’s Choice section has the most Popular Investors that may be well worthwhile to check out.
Using the search tool, you will be able to filter out the results using the parameters such as risk, gain, location, score and more.
From the traders’ profiles, you are also able to get valuable information about the trader which can help you in making your decision.
You can now understand why eToro is the leading social networking provider globally with over 10 million users.
They have managed to provide beginners with easy access to the more successful traders.
Let’s face it their social trading features opens up a whole new world where collective wisdom and the ability to share strategies makes trading the best alternative to the traditional way of trading.
The best part?
eToro takes great pride in its social trading features and has an experienced customer support team standing by ready to help with any queries 24/7.
They also offer a demo account which comes with $100,000 virtual money.
Here you can practice your trades, learn how to copy other traders and more before trading with your own money.
eToro is fully authorized and regulated by CySEC, FCA and ASIC and provides a number of great perks such as:
Over 1,000 trading instruments that includes stocks, commodities, indices, currencies and popular cryptocurrencies like Bitcoin, Ether (digital currency for the Ethereum blockchain), Bitcoin Cash, Ripple, Dash, Litecoin, Ethereum Classic, Stellar Lumens and NEO.
The eToroX exchange was recently launched with the addition of new instruments which are:
2 commodity-stablecoins: eToro Gold (GOLDX) and eToro Silver (SLVX)
2 new fiat-stablecoins: eToro Ruble (RUBX) and eToro Yuan (CNYX)
Note that the 2 commodity-stablecoins and 10 fiat-stablecoins are all ERC20 tokens
Advanced financial trading tools
Intuitive and easy to use platform
Learn about trading strategies, risk management tools and lots more in the education program, will video’s, e-books and more
Low min deposit of only $200
No hidden fees or commissions
Exclusive trader programs and frequent financial news updates
eToro has managed to provide traders with everything they need to pursue their financial goals on their next generation social trading platform.
eToro is a one-stop-shop. Sign-up today and reach for a better and brighter future.
*eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
Our team of financial experts have years of experience in the foreign exchange markets and can guide you into focusing on the more important factors to look at in selecting a forex broker to sign-up for.
And we don’t just look at the numbers here. We go beyond the quantities or amounts to make a real and measurable review that is based not just on the pros but also on the cons.