etoro copytrader

eToro CopyTrader*eToro CopyTrader* The Forex market has been rapidly evolving every day, and new methods and modes of trading have been introduced to make the trading simple and profitable for traders. Different platforms provide different services online to Forex traders, and create different opportunities to allow successful trading. Copy Trader is one of them. Many of you may have heard about it. Although it is a new concept, yet, millions of users around the globe have been benefiting from this method. In a copy trading, new entrants or inexperienced traders get an opportunity to copy the open positions of other investors in the same network, which enable them to experience the wisdom of the experts as they learn and copy from other traders. It is like a social investment network, where traders get to interact with each other by investing, trading, learning and sharing knowledge across the network.*What is eToro CopyTrader?* When you talk about copy trading, eToro is the first name that comes into your mind. eToro CopyTrader is an online platform that has brought around 3 million traders from all over the world to one place, so that they can share their trading experience, and increase the likelihood of placing more profitable trades. It was formed with a view to replace the conventional banking and financial system with more efficient and transparent financial system. eToro is like a pool of unlimited experience and opportunities for Forex traders. Once you dive into the trading world of eToro, a lot of trading avenues open for new as well as experienced traders. Let’s look at some of the tools and services offered by eToro CopyTrader. In a short period of time, eToro established a good clientele and became very popular among the forex investors, due to which, it started making news headlines on different news platforms around the world, including Bloomberg, The Sunday Times, The Telegraph, Financial Times, City A.M., Tech Crunch, Money.com, and Wired.*eToro’s Open Book* Open Book is a term used by financial institutions to show the aggregate number of latest trades that are updated in real time. However, eToro’s Open Book is one step ahead of it. It is a social trading program where eToro traders can share their market knowledge and experience to benefit from one another. This program allows you to follow any investor or trader you like, and in return, you can also get the following. eToro’s Open Book gives you regular updates on live trading feeds, performance charts and patterns of your as well as others’ trades, and a chance to interact with other eToro traders so that you can learn and share the experiences. *Practice Account* Once you login to eToro, you can use OpenBook as a practice account user, but you must know that you will not be able to access the trading profiles and activities of others unless you are placing real trades, because eToro wants to be sure that the performance backed decisions are made on the basis of real trading. However, it does allow you to copy the real trade actions into your practice account for a better experience.*Performance Calculation* The performance, on eToro, is calculated on the basis of number of trades, winning position ratio, or daily or accumulated return percentage. Moreover, you can also see the trading stats on the basis of risk and reward percentage, instruments you trade, the time period of trade, etc.*Frequent Updates* The trading activities are frequently updated, and it takes just a few seconds to see the published results of your latest trading activity. In case of high volume, the public feed filter the trade activities so that you can only see the feeds of the traders you follow and get a better browsing experience. These feeds are shown in the real time activity, and are always accurate.*How does CopyTrader Work?* One of the outstanding features of eToro OpenBook is the CopyTrader. It is a people-based portfolio that allows you to see the real trading activities of traders, so that you can copy the opened positions of the traders you like. CopyTrader is very easy to use. All you have to do is follow three simple steps, and start copying the trades of your chosen investors. The steps include are finding the traders you wish to copy, setting up the CopyTrader Account, and managing the people-based portfolio. *How to Choose?* When you visit eToro, you can see the traders ranking, done on the basis of winning ratio, or total gain percentage, but you can use different filters according to your requirements to choose the best trader. You can use the maximum ratio of highly leveraged trades, the minimal duration of average position or minimal winning ratio in a given period, the maximum amount of leverage used in a single trade, etc. There are a large number of filters you can choose from, and eToro is continually trying to make its application better to provide the best experience to its users. The ranking criteria may vary from time to time as eToro keeps on improving the ranking algorithm for the traders.