e TORO SOCIAL TRADING REVIEW

Are you interested in learning more about eToro and social trading? If so, keep reading this comprehensive review! eToro is the largest and most respected regulated social trading platform in the world. With millions of traders from across the globe, this highly esteemed Forex broker is the gold standard in Forex (Foreign Exchange) and currency pairs trading.

eToro Forex Trading is not permitted for U.S. residents

If you are considering getting your feet wet in Forex trading, joining eToro is a great way to get started. Once you register and fund a trading account, a world of infinite opportunities immediately becomes available to you. Your options are practically endless, and this is due to the practical nature of the software and its increased levels of transparency, flexibility, and ease-of-use.

Our analysts always recommend getting started with Safe Haven Currency Pairs [1] such as EUR/USD, USD/JPY “the Gopher”, GBP/USD “the Cable”), USD/CAD, USD/CHF: “the Swissie”,  and AUD/USD: “the Aussie”, and eToro provides a SCAM-FREE trading environment which is trusted by the leading and most copied Forex traders.

 

 

eToro is not a trading platform for US citizens

What is forex trading?

Forex trading is the buying and selling of currencies in order to make a profit. In short, you purchase one country’s currency and then trade it for a profit against the currency of another country. This simple trading action is what makes up forex. Some, but not limited to the following currencies pairs are available EUR/USD, USD/JPY, GPB/USD, USD/CAD, USD CHF and AUD/USD.

Many people confuse forex with the stock market or with binary options. All three of these trading platforms are completely different. However, forex, the stock market, and binary options all involve the sale of assets of some kind, they are all different forms of trading. Choosing eToro to begin your trading career is the first step towards trading in a scam-free environment!

How do I choose the best forex broker?

Once you decide you’d like to try your hand at forex trading, the next choice then becomes, “How do I pick a broker to invest with?” There are several forex brokers to choose from, however, we believe firmly that starting with the biggest and best in the industry is a no brainer.
eToro has over 3 million members and has been a market leader since 2004.
That’s 12 straight years of leading the forex industry. eToro is hands down the most trusted forex broker you will find.

Is forex trading and/or eToro a scam?

One of the most common concerns new traders have is avoiding scams! There are literally thousands of financial scams going viral, whether it be hyips [2] or just flat out false promises, everyone should be aware of the risk when investing online. Protecting your investment should be of utmost importance to you and to your broker of choice! Do not invest with a broker that is not regulated. Do not invest with a broker that just popped up a year ago and doesn’t have a long trading history.

Forex trading is not a scam. However, that doesn’t mean it’s safe either. Forex carries as much risk as any other financial investment. We are all adults and adults realize that in order to make money, you have to spend money. The very nature of an investment means that you must risk something in order to gain something larger. No investment is 100% guaranteed and anyone that tries to convince you otherwise is a scammer. Forex trading is not a scam. Every regulated broker is required to inform you of the risks associated with it.

eToro is the longest running and best forex broker in the industry. They have a 12 year track record of financial integrity. The best aspect of eToro has to be their social trading platform, which allows users to copy experienced traders, chat, share ideas and trading tips, and be a part of the longest running trading social platform online.

Keep reading to find out more!

How can I make money with eToro?

eToro is the largest and most popular social trading forex broker in the industry today. They are fully regulated and have been in business since November of 2004. That’s 12 years! 12 years of legitimate, regulated business practice.

e-toro-money

So how can you make money with eToro? The answer to that is pretty simple. eToro is perfect for new traders as well as experienced seasoned traders! Why? Because they offer several different social trading techniques! You can choose to trade on your own following a strategy of your own, or copy the trades of more experienced traders via social trading.

What is Social Trading?

Social Trading is the Facebook/Instagram/Snap Chat of the trading universe. Once you join eToro, you will be instructed to create a profile for yourself. You can upload a photo and share as little or as much public information as you feel comfortable doing. Your account is fully customizable. You can enable the “follow” feature, which allows other users to follow your account. When someone follows you, all your public activity will appear on their newsfeed. Likewise, when you follow someone else, all of their public information will show up on your news feed.

But don’t worry! Your financial information, the size of your account, and how much money you risk per trade is private!

This way, you can sign into your eToro account, and check to see what the latest trades are! You will see their posts, their trades, and be able to read the comments and discussions of their trades on the wall! You’d be surprised how easy it is to make friends on eToro. You can find like-minded people to chat with and share tips with.

e-toro-social

How Can I Copy Experienced Traders with eToro?

Social Trading with eToro offers you an extensive list of professional traders. All the best traders spend their days on eToro making money! As a trader, you can copy the trades of successful trader automatically into your account. After registering as a user, you can browse through the best traders and choose who you want to follow and/or copy.

Each trader that allows copiers has an in-depth analysis of their trading history. You can see their stats in real time, which are updated daily. This will ensure you have a truly successful experience trading with eToro.

If you aren’t sure who you want to copy, you can simply choose to “follow” as many traders you want. This way you’ll be able to see all their current information and trades on your news feed. At any point, you can choose to begin copying them by clicking on the copy button on their profile!

Once this is done, you will then be able to customize your stop/loss. You can follow the status of your trades inside of your profile and end them at any time you want, or simply wait until the trader chooses to stop the trade.

How can I protect my investment?

There are multiple ways to protect your money while trading! In our experience, one of the single best features about eToro is that you can create a stop/loss while trading.

A stop/loss is the amount of your investment you are willing to risk for any trade. If you trade wins or loses by this amount, the trade will automatically shut off.

For instance, if you set a stop loss to $10, your trade will end as soon as you have either gained $10 or lost $10. The amount of money you are willing to risk is completely up to you.

You also have the option of ending any trade you have opened manually, including copied trades. This way, you are a full participant in your trades. If you use this power wisely, you will be very successful at forex trading!

What are the benefits of signing up for eToro here?

6 + 13 =

Once you decide to sign up on eToro, please contact me for direct access to my favorite traders and the set-ups which I personally recommend. I will be available for any help you have and advice, should you need it.

Additional Resources

[1] investopedia.com, What is a Safe Haven Currency, 2016

[2] wikipedia.org, High-yield investment program, 2016