What is Etoro??

Etoro are calling themselves the first social trading network. Kind of a Facebook of the financial world. The theory is that it gets all the expert traders from around the world together in one place, with all their experience, into one big trading superpower. Which is good news for people like me, who essentially have no fucking idea what's going on in the trading world the majority of the time, despite my efforts.

Surely with all these other peoples collective efforts, they can make me into a trading superstar?

As the worlds largest online trading community, their selling point is simply the social aspect of the whole deal. In fairness they have developed a hatful of useful tools to help you upon your way. By doing so they are unlocking the unlimited possibilities of trading as a community.

Their biggest calling card has to be the copy trader feature, which makes it a hell of a lot easier to monetize someone else's trading knowledge.

So how does it all work?

Etoro is basically a trading Facebook, so your homepage will bring you all the updates from the people that you follow. Most importantly, what they trade and when they trade. So if you have chosen right, you are in for some invaluable advice, and some awesome strategies.

You can follow these individuals you have identified as trading superstars with one click of your mouse. Don't worry, it doesn't take a genius to figure out who these guys are as the place is packed with stats and colours to keep you pointing in the right direction. If you are still in the dark about what is going on there is certain features to help.

Investor finder is a feature that you can use where just by setting a few parameters, such as monthly gains and trades per day, it will narrow the field to a few lucky individuals for you to network with. You can also get loads more information on each individual such as what their current portfolio and history.

By far the most important feature of Etoro is the copy trader feature, this is the most direct way to benefit from social trading. If you spot a particularly amazing investor during your searches or by keeping an eye on the investor rankings, you can allot a certain percentage of your funds into copying exactly what trades these people make. So you buy when they buy and sell when they sell, most importantly making the same profit they do, proportionately of course. You can even invest your entire equity into other people. Which is what Etoro are calling a people based portfolio.

The best part about the whole thing, is that at the end of the day, you keep control over your whole funds. So if you aren't happy with the decisions your trader is making, just click the stop copying button. You can even set a specific stop loss.

I'm trying it out right now, so follow this blog for daily updates on how I am getting on. Or even go and check me out on Etoro.

Why not go and register yourself, it is free!

 plus use this link for some extra cash http://etoro.tw/1bQkoNK