Etoro? Anyone use it?


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Your going to have to expand on that....Is that you? Or have you done detailed research into this person? 


copy Soros, you'll be in profits.

 

I have searched for that person and there are 19 results. Can you go into detail? If that is you maybe discuss your trading strategy etc.

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At the moment i am putting $50 on each trader. Some of them recommend a min $150 copy value to get the best value. It just means your profits will be lower but thats OK I am just starting out.

 

Let me explain, You find traders that you like the look of. Look at their stats and copy their trades. Its all done for you. Their trades are mirrored in your account. THey open a positon you do, They close it. It closes for you.

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Hi All, So if you are interested this is my first week on the system, So far so good. If you are interested I will show you who I copy and why, Perhaps if you want you can copy me. If you register you get a $50 bonus from me. I am not trying to promote this I am just genuinely interested. Maybe we could get a Neowin Investment Club going....

 

 

 

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I noticed a few people registered here from my links, Their system has a few bugs which I have reported. Sometimes there is an inaccuracy of the stats produced. It says that I am in the red for somethings despite having all winning trades. This is fine though, The results speak for themselves but it would be nice for people to view more accurate stats if they wanted to copy me. There are also times when there is a wild fluctuation in the market (Or so I am told by the support) that it reports the incorrect balance in my account, This is worrying for a second but then it rectifies itself. 

 

So far so good actually! I am pleased with the site and I would recommend it to anyone looking to invest but don't have the time or knowledge to do so themselves, Pick a person that interests you. Copy them in the practice account and see how you get on. 

 

I have reported a feature request which is "Close all open trades" ... This would make it easier to balance the books. Where by some of the profitable trades make it profitable despite been in the red in some trades. It would also help where some people keep trades open longer than you wish, If you are happy with a smaller profit just close the trades at the same time still copying the person (Opening any new trades etc etc). 

 

Hope this helps!! If you have any questions let me know. 

 

P.S Dont forget YOU get a bonus if you sign up too. 

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Is there an option to participate but not invest any real money?

 

(don't get me wrong - I would absolutely love to participate in this site, especially if I find anyone mimicking Warren Buffet but my country has currency restrictions so I cannot invest any money at all ...sadly)

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So an update, The stats on my page are NOT updated Real Time. Don't be put off by the large loss value. That is a red herring. that is on ONE trade it is NOT a true reflection on what is happening, And it is a tiny amount. I think they need to do some work surrounding the stats. I have contacted support about this. 

 

Although saying this they have just are rolling out the new software for Copy Trader.

 

http://www.etoro.com/blog/markets/27102014/copy-trader-2-0-copier/

 

Personally like everywhere there are people who you get to know and trust, Just like every forum *Cough* Budman....You just need to do a bit of research in who to copy. I think it is great for professional and none professional investors alike, It could revolutionize the way people invest if it takes off and it looks like it is doing just that. 

 

These are from my account today. 

 

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I would start trading very low volume equities, given that in that market you get to actually see how supply and demand works ... even on your smaller orders. This way you don't leave it up to some manipulating central bankers and their corporate allies to fling prices all over. Though, it doesn't make a difference. Put Pfizer on a graph next to a currency pair, it wont make any more sense either way. Know how one Currency Pair affects the other one as in EUR/JPY and USD/JPY ! I know my strengths and weakness. The KEY is MENTAL STABILITY. Deal with FEARS of losing your money or others. Deal with Greed. Perhaps the hardest for me is my EGO.

 

 

Advice from a trader. Enjoy! 

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I've read through this thread and i must admit this appears pretty interesting. I'm guessing this is not for someone who knows nothing about the money markets or trading though? despite basically copying people who likely do this for a living.

 

Do you have any useful links you would recommend reading for a total newbie?

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I've read through this thread and i must admit this appears pretty interesting. I'm guessing this is not for someone who knows nothing about the money markets or trading though? despite basically copying people who likely do this for a living.

 

Do you have any useful links you would recommend reading for a total newbie?

 

Honestly it is interesting, It helps that I have a good understanding of the markets. I have done some trading before. This puts a whole new slant on it and it would be good for people who want to dabble and dont know too much but are willing to learn. 

 

I honestly recommend anyone to have a go at the dummy account. 

 

I have PM'd you who I am following/copying so you can test it out.  :shifty: I honestly beleive all the traders I copy have a good balance of the market and they have some good foundation skills. 

 

In terms of things to read, This is a good starting point.

 

http://socialtradingguru.com/traders/etoro-gurus-to-follow

 

For general market stuff well I have read ALOT of books but thats a whole different matter.

 

Also today my stats seem to truly reflect my profits. 

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It would appear that if you are doing well people find you. If you are trying in a demo account then these two guys who followed me seem to be doing well.

 

jackmagno86 & bogban

 

Enjoy!

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So I know a few of you have messaged me about it, As always if you have any questions post on here, I am keen to get a healthy discussion going as this is a subject that I am passionate about ... Making Money. And if if helps you guys to then all the better and it also raises the profile of the site. 

 

Adding to my Profitable weeks.... I have added three new copiers...namely those above ^ plus the addition of https://openbook.etoro.com/noasnoas. I am posting by break down of "copied from" because there are far too many individual trades to post generated from one day some up over 200% but some down over 100% in one trade alone. One or two of the people had a turbulent week but they are still massively overall in profit. 

 

I actually found out you cannot use this site from the USA. I am not sure why but I guess they are abiding by local laws on this kind of thing. 

 

I really think this has a promising future for the way the money markets are played out by people with little or limited knowledge but wish to give it ago and willing to invest some time to learning about it. 

 

post-28229-0-00632100-1415449790.png

 

 

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  • 3 months later...

Who cares if it is for Newbies, Yes essentially I can see why you would say that. Anyway who cares HOW it makes you money if it does  :laugh:  :shiftyninja:

 

I after a few months I have struck a finely tuned balance of traders to copy. 

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Seen your PM, I might as well answer your questions on here for anyone else.

 

I think they recently raised the min to $100 to invest. Deposit $50 but you would need $100 to copy anyone.

 

Basically you find some traders you like. They have just recently just rolled out some new stats page which I think is even better for new investors to see. 

 

Anyway if you like the stats, You can pick more risky ones but potentially more rewarding, Pick ones who invest in Stocks, Currency's, Celebrity Photos if you want. Click copy. I suggest ANYONE at first for at least a month uses the $10k in the practice account. Then if you like it move that person to the Real Account. 

 

Use the Discover People to find people who suit your requirements. 

 

Everyone is different so play around and see, Its a fun way of investing I think. 

 

Post any questions here if you want and I will try help as much as I can. 

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So what is the practice account? How does it work?  Do I use it, then if I start making some fake money start using that setup on a real account?

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