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Follow on Google News | Get Ready for a New Way to TradeAre you looking into forex trading ? here is something exciting , something new for you
By: kjrockerz By profession I am an internet marketer and I was looking into invest my savings so that I can make some profits out of my savings. Being a internet Marketer I do have a very busy routine and all the time I am busy into doing something. Coming back to the topic I found this website through moneybookers partners list(a well known online payment processor in Europe) . This feature being offered by eToro is really something I loved to invest in. So what is Copy Trader? CopyTrader is a feature being offered by EToro trading network. The purpose of this feature is that it will let you take advantage of expertise of other experience and well knowledgeable traders who are successful in trading. All you will have to do is to select best trader whom you want to follow by looking at eToro`s trader rankings and than by checking their success rates., profit margins., Number of people who are copying him , his trading style etc. Once you have chosen trader all you will have to do is to click copy and all trades your chosen trader opens will be automatically be copied into your account. Let me give you an example let’s say MR x is very successful at trading and he is making good profits in trading, and I want to do exactly like him but I don`t have any experience in trading. Now all I will have to do is to Copy Mr X`s trades and now whenever he starts a new trade (buys USD/GBP at rate 1.2630)I will also open a similar trade at the same rate (1.2630) Showing you a real example here is a screen shot of my current trades. So the main benefit of this feature is that you really don`t need any kind of trading knowledge and you really learn from this it is same like a successful coach is coaching you how to trade. And being honest that’s how I have learned trading. It is a practice training you will get. And learn from real and successful trader ins and outs of forex trading. When it comes to your control over your trades, Of course you will have complete control over your trades and whole process is completely transparent. From spread to profit s margin everything is in front of you and if a trader is not meeting your expectations you can stop copying anytime. Or if you want to take your profits without waiting for trader you are copying to make a move you can close your trade at anytime. The ultimate goal, as you can probably imagine, is to assemble a dream team of diverse traders who you can copy indefinitely and then simply watch your profits accumulate. Unlike forex robots or paid traders, the traders you copy through CopyTrader have no agenda other than to make profits for themselves, so you never have to worry about them mismanaging your funds. In addition, for the sake of promoting responsible trading, CopyTrader only lets you set aside a maximum of 20% of your account for copying any one trader, to ensure the diversity of your trading portfolio. eToro also intends to launch a Guru reward program in the very near future, to compensate traders with a large following for all the benefits they bring to the eToro trading community. Visit http://forexdiary.co.uk/ **Trademarks, service marks, logos, and/or domain names (including, without limitation, the individual names of products and retailers) are the property of their respective owners. Ninjaworkers are working with Etoro as This website is an independent End
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