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.
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.
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.
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.
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.
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)
- 17 fiat pairs: USDEX-EURX, USDEX-GBPX, USDEX-JPYX, USDEX-CHFX, USDEX-AUDX, USDEX-NZDX, USDEX-CADX, USDEX-RUBX, USDEX-CNYX, EURX-GBPX, EURX-JPYX, EUR-CHF, EURX-AUDX, EURX-NZDX, EURX-CADX, GOLDX-USDEX and SLVX-USDEX.
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