An overview of the social trading broker platform – eToro

Social trading is a fantastic way to invest in multiple asset classes effortlessly, without the need for years of trading experience and market knowledge. Let’s take a look at the world’s leading social trading broker, eToro.

Make money as a popular investor

In addition to offering the perfect platform for investors to take advantage of, eToro also offers experienced traders the opportunity to become popular investors and earn a decent income in the form of commissions and rebate allocations based on the amount of money under management and the number of copiers.

An example of the impressive return of a popular investor.

You can see the different levels and rewards of  the Popular Investors Program  right here.

Simple and efficient investment

Investing effortlessly and ultra efficient has never been so easy. In a few simple steps, you can start making a steady return on investment without having to stare at dozens of cards all day, every day.

Does a vacation on an island sound better than constantly staring at maps?
Portfolio Diversificatio

Although there will always be risks associated with trading, these risks can be effectively mitigated in different ways on the eToro social trading platform, which includes portfolio diversification between 5 asset classes and up to 100 different popular investors (simultaneously).

Smart performance analysis

The great thing about tracking popular investors on the eToro platform is that you can research the performance of each individual trader with the help of an advanced analytical algorithm that calculates and displays important trading statistics of each popular investor.

In addition to calculating each trader’s profit or loss over different periods, this algorithm analyzes the amount of risk taken over specific periods and combines this data to give each trader a risk assessment.

This risk assessment is amazing because it is derived from several aspects of trading, which include the choice of instruments of a particular trader, the choice of leverage, the percentage of capital invested in one instrument and hedged positions, to name a few.

This risk assessment is expressed on a scale of 1-10 and shows the percentage of capital that is risked in one day. Here is a screenshot:

Etoro 3

eToro risk score scale.

For example, a risk rating of 6 means that a trader risks between 3.9% and 5.4% of his account capital on average per day.

Of course, the risk of your portfolio is also assessed by this smart algorithm, to give you a good idea of ​​how much you are exposed to risk and how certain actions (such as copying certain popular investors) affect your risk assessment. What a great tool!

If you go into a popular investor’s profile to research his performance, one of the things you’ll see is the average risk assessment of the trader over the last 7 days.

By researching the profiles of popular investors, you will find all the other important information you need to choose the best traders wisely.

This includes statistics on how long that trader has been active on the eToro platform, its performance during that period, which instruments it mainly trades, the average holding time per trade, the amount of money under management, the number of copiers that follow it, and much more.

Access to a large community of merchants

What I really like about eToro is that you can interact with many other merchants, investors and, of course, popular investors. The effectiveness with which the platform coordinates the interaction of all its members is absolutely phenomenal.

eToro even makes it easy to translate text on its platform when merchants of different nationalities need to communicate.

This makes the whole trading experience easier, but also educational. Interacting with popular investors is really important because it promotes transparency and helps investors evaluate different popular investors before copyingVirtual practice account

eToro offers are really simple, their virtual account is really a useful tool that you can get acquainted with before executing trades on a live account.

Open  now!

Wide selection of property classes

What I absolutely like about eToro is that you can trade a lot more assets than the usual  offers.

You can trade at least 1071 different financial instruments on the eToro platform, which is amazing!

If you like to trade currencies, you can choose from 47 pairs, as well as most major , such as .

If you prefer stock trading, you will be happy to choose from 950 different stocks listed on the 8 major world stock exchanges.

Index traders can choose from 12 major stock indices, which include

Then you can also deal with various commodities (7) and funds traded on the stock exchange (53).

eTor’s next generation investment product – CopyFunds

eToro is a true pioneer in the social commerce industry. Their latest CopyFunds innovation is really worth mentioning in this review.

Founder and CEO of eTora, Mr. Yoni Assia

For me, it was an eye-opening video that testifies to the professionalism and greatness of eTor. In this video, Mr. Assia explains how their new product, CopyFunds.

The minimum investment amount in CopyFunds is $ 5,000.

“CopyFunds act like multiple retailers, all working for you at the same time. As such, there are many basic positions that open up on your behalf. For this reason, the minimum amount required to invest in CopyFunds is $ 5,000. ”- eToro.

“You can invest in two types of CopyFonds: the Best Trader Copy Funds that make up the most successful and sustainable traders on eToro and the Market CopyFunds that combine CFD stocks, commodities or ETFs within a single chosen marketing strategy.

CopyFunds aims to help investors minimize long-term risk and promote growth opportunities, taking copy trading to the next level and creating diversified investments. ”- eToro.

User support

In terms of customer support, eToro leaves a really good impression. When I first opened an account with them, kind Mrs. Rachel Woods called me within a few hours to find out if I needed any help.

Of course, I had a bunch of questions I should ask her. I don’t think it was an average client call for her, but she was really patient, professional and helpful.

EToro Trade Academy

EToro Trade Academy

Whether you are a beginner or a seasonal trader, eToro offers excellent training material that will teach you how to maximize trading profits and improve your trading skills.

eTor’s live and recorded online seminars by trade experts are a great way to gather valuable trading tips. Their eCourse for financial trading and videos on trading are also freely available to anyone interested in entering the markets.

eTor fees

The only fees you will pay when trading are the fees for prayers and overnight stays.

The spread of eTora is usually somewhat broader than some leading forex brokers. It is a reimbursement of the commissions that popular investors paid for their services.

Of course, a rollover can be earned on certain instruments, just like with your average forex broker, and there is no commission for any trades.

Minimum position sizes

The minimum amounts required (with the maximum lever used) to open stores on the platform are as follows:

  • Stocks: $ 50.
  • Major currencies: 25 USD.
  • Other currencies: between 25 and 500 US dollars.
  • Bitcoin i eter: 250 USD.
  • Goods: between $ 25 (e.g.  crude oil ) and $ 100.
  • Indices: $ 200, excluding China $ 50 and U.S. dollars requiring $ 500.

The minimum lot size offered on currency pairs is 10,000 (one mini lot). That’s ten times more than what the average retail broker offers.

It’s something I personally don’t like about the platform because it forces small traders to take more risk than is appropriate.

For example, if a small trader deposited $ 300, he would risk 25% of his entire account if he traded a minimum position size (10,000) on GBP / USD with a stop loss of 75 pips.

This makes trading a small account impractical and very risky.

However, when you copy a popular investor, the minimum trade amount is $ 1. Also, the minimum amount you can assign to any popular investor is $ 100.

This is a brilliant feature of eTor and allows small investors to effectively copy popular investors with no limit of the typical $ 25 (only on certain instruments) required per trade.

In conclusion

Of course, I can’t cover every aspect of eTor in this article, but I believe this information gives you a good idea of ​​the features you can enjoy with this phenomenal broker.

If I had to be as critical as possible, I would say that the trading platform lacks some advanced features of a traditional  forex trading platform  and is somewhat less user-friendly in terms of order execution and management, and perhaps one or two other small functions. However, eToro has a host of top features that you won’t find at other brokers or their platforms.

Also, algorithmic trading is becoming increasingly popular. Currently, this does not facilitate algorithmic trading which some traders might perceive as a drawback.

He may include algorithmic trading at some stage, which will add a little flavor to his trading experience.

The numerous advantages offered by eToro definitely outweigh these minor disadvantages.

I am really impressed with how easy and cheap it is to copy different merchants around the world. I also like the tools and information you can use to thoroughly analyze each retailer’s performance before deciding whether to copy them or not. Extremely efficient investing has never been so easy!

All things considered, I have to commend Mr. Yoni Assiu and his team for developing an absolutely amazing platform for social trading.

I myself have had extensive experience in using it and can recommend eToro to anyone who wants to trade markets, become a popular investor or copy some of these popular investors.

See you on the eToro platform!


Extremely buoyant USD / CAD to deal with Canadian job numbers, US non-agricultural payrolls

As the ECB’s rate decision and press conferences are not removed, tomorrow’s (Friday) labor market data in the US and Canada could end the week at a high with some volatile market volatility.

The ECB has launched certain measures today, but not nearly as much as I have seen in the past. I have to say, the market isn’t as active as I’d like, and the really great trends aren’t too rich right now. Let’s look at a few instruments, starting with USD / CAD:

USD / CAD – What powerful progress!

What remarkable progress on USD / CAD! This is a pretty long wave in terms of time and distance. This should serve as a warning to traders who are interested in entering long positions at this late stage. You see, the price has moved quite a bit away from the average (introduced by the 20-EMA) and the pair is fast approaching an important resistance zone where we can expect bulls to get some earnings and even some short bear sales. Now, whether it’s the bulls making money or the bears on short sale, the effect is the same: the U.S. dollar will sell against the Canadian. Needless to say, these actions will affect the USD / CAD exchange rate.

Let’s not forget that courses can move in one direction for extended periods of time. This is important to keep in mind because while it seems like this pair could run out soon, it doesn’t mean we should suddenly start looking for sales opportunities. When we see strong bullish momentum as in this case with USD / CAD, we have to respect that momentum until we come across a valid reversal signal. If you asked a little boy how to ride a fast train, he would surely conclude that the train would have to stop first. The same is true with strong impulsive moves like this on USD / CAD. The average daily turnover on USD / CAD is about 275 billion USD. Think of it this way, behind this last bullish wave stands tremendous weight and momentum; it will not necessarily stop here just because it is approaching an important zone of resistance and because it has become really overcrowded. Do you think you have the resources to resist that kind of order? Maybe, but probably not. Whether you are buying or selling a particular currency pair, it is generally better to wait for the current momentum (if it is very aggressive) to slow down before entering with or against it. Going against the swing is obviously more technical and requires a lot of experience and a solid signal for a turnaround.

So what approach should we use when trading this pair? The bullish momentum is still intact, so our bias should be bullish. However, if you want to buy this pair now, you need to be aware that a reversal or correction is more likely with each new bull day that is printed. This type of progress also slows as it approaches an important resistance zone.

We need to trade the settings with a high probability. These settings generally occur closer to the trend average. Therefore, it would be better to wait for the current momentum to slow down and give the 20-EMA a chance to catch up. Then applications can be taken at or near the 20-EMA if it is observed that this exponential moving average is held as dynamic support (or resistance). How will we know if this is the case? If we see that the price declines the EMA and prints satisfactory candles to confirm this rejection, it will give us a good clue. Of course, we can use the triggers on smaller time frames, but only if they are in line with the technical data on the daily chart.

The price of oil has been falling aggressively in the last two days. This also penalized the Canadian dollar. Watch out for the price of oil if you trade the Canadian dollar: these two are highly correlated.

On Friday, the expected US report on non-payment payrolls could cause significant instability in the foreign exchange market. Canada will also release labor market data at exactly the same time (13:30 GMT). This will make USD / CAD trading interesting on the day. If we get a really big number out of the US and a really bad number out of Canada, USD / CAD could be the perfect pair for a dollar to buy.

The ADP number of changes in agricultural employment released on Wednesday is often a good indicator of how NFP numbers will pass two days later. Now this number was really great and reached 298,000 new jobs compared to the expected reading of 190,000. Really impressive, right? Perhaps the NFP figures this month will be really great, which would further set market expectations for a new increase in U.S. interest rates next week on Wednesday (March 15th). Let’s see what happens tomorrow.

AUD / USD – ‘Down’ 200-MA again

AUD / USD has fallen, as expected, in recent days. This happened after the pair recently traded straight into an important resistance zone. I personally traded this setting and entered it on February 28th. Check out this daily chart:

It’s good to see this pair trading again below their 200-day moving average. The price is also relatively far below the 20-day exponential moving average, testifying to its strong short-lived bearish momentum.

It certainly seems that we could expect a further decline of this pair in the next few weeks. If you’re also briefly exposed to this pair, be careful with the NFP report tomorrow. Be sure to manage your risk carefully.

That’s it for now. Don’t forget to check out the rest of our website. We have a wealth of useful information regarding Forex trading strategies, forex brokers and live market updates.

Have a nice NFP Friday!