For the past few months, I’ve been using the social trading platform eToro. trading forex felt a bit like playing a game.
Since then, they’ve moved towards becoming a social trading platform. And so I decided to give it a go.
I can comfortably state I have no experience in trading forex. But, I wouldn’t trust myself to actually invest money in Forex.
Enter eToro, where you’re able to copy the traders who actually know
what they are doing. From now on, all their trades will be be copied by
It’s tempting to follow the traders with 400% returns. Look for
someone with a majority of low-medium risk traders, and a low weekly
Spread your investment over numerous traders. By copying as many
traders as your budget will allow, you’re able to mitigate the risk of
having your entire investment wiped out by a single trade.
I used to stay away from following traders who invested in stocks on
etoro, but that has changed since etoro introcued real time stock
trading. I’ve found that traders who invest in both forex and stocks
provide more reliable returns over the long term.
You don’t want to be stuck copying a trader who only logs in every
couple of weeks. As my investment grows, so will the number of traders I
There are countless of forex trading platforms, but only a couple
that offer a social trading platform – i.e the ability to automatically
copy the trades of an experienced trader.
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