Social trading is a relatively new phenomenon in financial markets. Still, its getting more and more popular with the international trading community. Experts call it a universal and efficient way of trading financial markets backing increased financial performance and reducing market risks.
What is so special about social trading?
They say, simplicity is genius. This holds true for social trading as well. It is simple yet powerful and very efficient when it comes to making big money in financial markets over the long term, even if you have little to no expertise in this kind of business. Simply put, that’s the key reason why it’s getting that popular these days. It can already boast millions of advocates and still counting… all around the world. The thing is that those guys have a chance to monitor successful traders’ activities in live mode and capitalize on copying them.
Simply put, a social trader can freely interact with fellow traders and investors from around the globe, thereby benefiting from shared tips and tricks as well as other valuable information.
That said, by uniting international traders and investors into a a global network, social trading gives you unrivaled and unprecedented moneymaking opportunities in financial markets. The participants help each other benefit from their trading and investing activities.
To date, the world’s biggest social trading network is eToro. This is a unique platform giving you an opportunity to monitor other participants’ financial activities, copy their trades, open your own trades and communicate with the rest of the local community. On top of that, eToro members have access to currencies, indexes, stocks, commodities and ETFs.
Experts point out that eToro has founded the social trading phenomenon. It was done in back in 2010 by launching the world’s first platform with the live tracking feature allowing the user to monitor others’ trades in live mode and copy them to capitalize on those trades made by professional traders. This revolutionized the entire industry.
In order to fully realize the scale of this event, eToro’s child can be compared to Apple or IBM’s products changing the world in an instance. Their new products are long-awaited all over the world. People can spend hours if not days in lines just to be one of the first buyers and owners of the new devices.
The same holds true for eToro. For now, the network counts over 4,5 million users from over 140 countries of the world.
Peculiarities of Social Trading With eToro
eToro is a global marketplace regulated by Europe’s major financial regulators such as CySEc (Cyprus ) and FCA (UK). It was created to make financial markets a source for financial prosperity for anyone willing to join in. Since day one, the company has been tailored to the needs of every single participant out there, which is why it is so popular now.
This is what the company’s official website reads:
Whatever your financial goals, whatever your investment style, eToro can offer you the tools to take your trading further. Thanks to our social investment network, eToro gives you the opportunity to channel the collective potential of a diverse trading community into individual benefit, by learning from, interacting with, and even automatically copying other network members in real time.
At the same time eToro promotes sustainable trading, encouraging you to recognize that trading involves risk, take precautions to minimize your risk exposure, and keep in mind that past performance is not an indication of future results.
Globalized Reach. Personalized Experience. eToro is committed to delivering a uniquely rewarding trading experience to all of our clients. We do so by providing you with the flexibility to be yourself while connecting you with people and markets worldwide. eToro’s wide range of innovative web-based and mobile trading platforms have something to offer for every level of trading expertise and our social trading network presents unlimited possibilities for you to connect with others in the pursuit of your individual financial goals.
We’re more than just the world’s largest social investment network: we’re your social investment network.
Past performance is not an indication of future results.
Now it’s time to discover Copy Trader by eToro
By discovering CopyTrader by eToro you let the wisdom of over 4,5 million traders and investors work for you. To be more specific, you can benefit from copying some of the best eToro traders with almost no effort. You can event enable the automated copying feature to let those trades be copied to your account in auto mode as you enjoy your profits along with master traders.
Basically speaking, enabling the Copy Trading feature boils down to opening an account and using the eToro OpenBook platform to chose the top-ranking traders on the eToro network. When you've made up your mind, all you need to do is allocate a certain share of your investment capital and start the Copy Trading. There are 3 million traders available for copying. On top of that, you can actually follow other eToro traders and interact with them. On top of that, you can diversify your investments by creating a portfolio of copied traders.
Here is the list of a few simple steps to get started:
-Create Your Account
-Find Top Traders
-Copy Their Trades
-Monitor and Manage
For more information, please go to https://www.etoro.com/en/social-trading-tools/copytrader/
The bottom line is that eToro is an excellent place to kick-start your trading and investment career and become successful in this business along with over 4 500 000 heads thinking together for a better living.
