CopyTrader is Getting Popular Day By Day

CopyTrader is Getting Popular Day By Day

Submitted by adil on Fri, 02/08/2013 - 06:02

What is CopyTrader?

CopyTrader is the latest feature of eToro, which is the world’s largest investment network with access in 130 countries and a user base of 1.5 millions. This service is for the people who are interested in investing their hard earn money in trading but have shortage of time to understand the terminologies, strategies, market information and data analysis that make them away from trading. The dream of earning huge sum of money can be achieved even without working on these aspects by using the CopyTrader service. As the concept is simple and useful, the popularity is rising every day with greater number of traders entering into the trade using the platform.

CopyTrader�is a feature of eToro social trading network that is based on the concept of providing the knowledge, information and professional expertise of the trained traders to the participants on an everyday basis. The novice traders are required to select the professional traders in order to follow that will assist them by checking the ranking, style of trading, number of followers, popularity and rate of success in previous traders. After making the selection of a single trader or number of traders by looking the above mentioned factors, the trade of the experienced traders will become the trade of the novice trader by just clicking the single button.

The whole concept of CopyTrader seems bit easy and uncomplicated but it has revolutionized the concept of currency and commodity trading. It has brought a move from market or financial based trading to the people based trading. The traders will no longer required making extra efforts in selecting the pair of currencies to buy or sell, all it requires is to select the trade of the experienced traders to copy for you and how much money the trader is ready to invest in order to copy the trade. The greater the number of followed traders, the greater the chances of earning profit with diverse risk.

In conclusion

With no doubts, the trader has complete control over his/her copied trade as all the aspects of trading are quite open and transparent. If a trader is unwilling to trade further and wants to stop the trade at any point, it is under the control to end at any point without waiting for a point and if the trader finds that the experienced trader’s strategy is not rightly bringing anything for him then he/she has the absolute right to unfollow through a single click. The traders in CopyTrader are not like forex robots or paid traders but they are working on one concept i.e. to make profit for themselves, thus, there is no tension of money mismanagement or embezzlement.