Free Stock Market Education, a 10 module course, including video and eBooks
PRO Stock Market Training.  The Liberated Stock Trader Book + 16 Hours of Video Education - for PC, Mac, Ipad, Iphone, Android
Take a look at our Stock Market Trading Coaching and Mentoring Services

eToro Review – Social Investing

eToro

eToro brings to the table something unique.  The ability to follow and copy traders with proven verifiable track records.  You get instant alerts on the trades they are making.  Each trade is logged through eToro and the wins and losses are therefor verifiable.  It is an exciting development in the world of trading.
What is refreshingly clear is that you can search for traders that match what you are looking for.eToro You can search for:

  • Do they trade Stocks, Commodities, Indices or Currencies
  • How active are they (% in weeks)
  • How many trades have they made

You can also review:

  • What their weekly draw-down is
  • What percentage of profitable weeks they have had
  • Their overall gain
  • How many followers they have

The service is free for the copier, the traders get paid a portion of the profits they earn with your money and if you select for example to copy a trader and lay down $1,000, when they trade through the system your trades are automatically made also.  If they make 20% in a year you will also (minus the commission). You can open an account with as little as $100, but you would usually need about $250 to copy a trader.  If you have more that $250 to invest you need to diversify by copying more than one trader as the limits dictate no more that 40% of your portfolio on any one trader.  Also, what is nice is that you can suggest your own stop losses, for example if a trader you are copying loses you more that 40& you can choose that the system automatically exits you from the copy relationship and closes all the open positions. While my advice is always take your investing decisions into your own hands, this might be an interesting tool to invest a speculative amount of your main portfolio allocation. It is a fascinating system with clarity into the track record of the traders you copy.  Of course, if they go on a losing streak so do you. With thousands of active users and a vibrant community feel, this is truly an innovative product worth investigating further. As part of this review I opened an eToro account and deposited $1,000 as a test to see how well it works there are certainly some good traders on the system, I will report back later in the year with an update to how I fare with my speculative investment.

Independent, Unbiased Education

This is an independent, unbiased resource for learning to trade the stock market. Liberated Stock Trader receives no payments from any company whose stocks are discussed and promotes no particular stock. If the author holds a stock it will be disclosed in the article.

Privacy Policy

We will never share your details with any third party.
Read Our Privacy & Cookie Policy
Read Our Terms & Conditions
Read our Returns Policy

Disclaimer

This site is provided to you for informational purposes only and should not be construed as an offer to buy or sell a particular security or a solicitation of offers to buy or sell a particular security.
Read our Site Disclaimer