Copy Trading is a straightforward trading method. When you copy a trader, your account will allow the same deal in real-time as the trader you copied.
You give a trader money to copy transactions, and trades are replicated with that money in the same proportion as the trader. So, if a trader does a stock deal of 1% of their portfolio balance, your account would make the same trade with 1% of the funds you contributed to the trader.
Copy Trading allows you to profit from the experience and expertise of more experienced traders. Trading is a difficult task! Going it alone could be a prescription for catastrophe. Then why don't you swap with someone who has more experience? Copy trading is simply what it is.
You will look at the profiles of millions of traders on eToro. You will see what previous trades they've created and how successful they were. All is clear and free. And you're not only trailing a trader because he or she made a strong sales offer. You may opt to imitate traders that have only had good results in the past and have used low-risk trading techniques.
It's a strong investing technique that I've been utilizing for many years and for which I've had a lot of success.
Here are some of the explanations why you should choose eToro over other platforms:
A Wide Variety of Markets
eToro offers a wide variety of markets in which to deal. Stocks, Forex, Cryptocurrencies, Commodities, ETFs, and Indices are all available to exchange. They don't all have stocks from the United States, though. Stocks from all around the planet will be traded. In the Crypto markets, they don't solely sell Bitcoin and Ethereum. EOS, Cardano, and Dash are some of the more obscure altcoins that can be traded.
I enjoy being able to exchange both conventional assets such as stocks and forex and modern and thrilling assets such as Bitcoin.
You may also copy and exchange all of these assets.
Copy Trading Tools That Work
By far the most sophisticated and efficient copy trading features are found on eToro. eToro has worked very hard to develop their copy trading platform, which is already excellent.
Traders used to be able to hold losing places open for months, even years, without it having an effect on their “profitability.” As a consequence, even though a dealer has a number of losing deals, they might be deemed successful. Since eToro only measured benefit percentages on closed transactions, this is the case. This has now been settled by eToro. As a consequence, you will get a very good view of a trader's profitability. eToro has often worked tirelessly to ensure that the success is comparable to that of a copied dealer.
There is no other platform with such solid copy trading capability.
Trading on the Social Networks
eToro is a forum for mutual trade. Traders will change their feeds, and you can pose questions and comment on articles as a copy trader. This is a critical aspect of eToro. You can become a smarter and more experienced dealer if you are willing to talk with traders and ask questions. People who are new to copy trading are often inexperienced. That's why eToro's copy trading is such a good way to read.
Excellent User Interface
The eToro gui is fully web-based (although you can download a mobile app). The web-based platform is well-designed, easy to use, and attractive. It's also very successful. For more advanced users, there are also pro charting features.
Trading platforms, especially those that are web-based, may be extremely poorly built. eToro, not only copy trading platforms, has, in my view, the best-looking platform of any online trader. Any day of the week, I'd rather use eToro than Metatrader!