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Number of messages : 533
Points : 3101
Date of Entry : 2013-01-29
Year : 47
Residence Country : Beograd

The buzz about social trading !

on Sun Apr 05, 2015 1:25 pm
While the buzz about social trading has spread to the farthest corners of the forex trading industry, the clear leader in the field remains eToro  with its groundbreaking social trading application, the eToro OpenBook. As one of the first social trading applications online, eToro OpenBook has managed to attract a devout following, and with a membership base numbering millions, it is now the largest social trading network in the world.

It is no mystery why eToro OpenBook remains a crowd favorite. Simply put, it is the one social trading platform that isn’t afraid to explore the wide range of possibilities presented by the concept of social forex trading. Take the “CopyTrader” feature for example. While other social trading networks focused on sharing information alone, the makers of  OpenBook  quickly decided to make it possible to apply that information practically by enabling users to automatically copy the position of the traders of their choice. This way, traders on the  OpenBook network are no longer restricted to simply watching the positions opened by expert traders; they can be opening the same positions themselves at the same time.

With the introduction of “CopyTrader” it became clear that some traders would become the “Gurus” of the social trading community, and thus eToro devised a way to reward traders with numerous followers through the Guru program. Members of the Guru program  receive commissions for their followers and their copy-trading activity.

The trademark of industry leaders is that they never rest on their laurels, and so  eToro has already announced upcoming innovations for their social trading network, including a “Guru Finder” feature and much more. This kind of attitude makes it clear that eToro intends to stay ahead of the competition for a long time.

Number of messages : 3
Points : 958
Date of Entry : 2015-05-09
Year : 41

Re: The buzz about social trading !

on Sat May 09, 2015 7:53 pm
I think it is nothing more than a buzz. Take zulu as an example, their leaders constantly change because they are unstable.
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