What tools does eToro include and how to take advantage of them

eToro is one of the few known brokers who offer an alternative to the typical MT4 platform, .It provides its traders with a complete suite of online trading solutions, giving the opportunity for its traders to invest according to their specific needs.

These platforms are:

• eToro's unique online WebTrader can be used anywhere, without downloading the eToro's desktop trading

• eToro's Mobile Trader, a platform available on mobile devices for those multi-tasking traders who want to keep track of their accounts in real time.

• eToro's OpenBook, eToro's social platform and one of its most innovating platforms, allowing newcomers and regular traders to search the best traders, copy their investments and earn profits from them.

eToro's unique social network gives the opportunity to new users and people with limited knowledge or experience of financial markets.This allows them to follow market analysis done by experienced traders, or just copy their trade positions. In shorter terms, eToro's social trading network lets its users find and copy trading positions from experienced traders.

This amazing process is available to eToro's CopyTrader tool, a system that enables you to copy other investors automatically and manage your copy trading activity in the same way you would handle investments in any different market. It is as simple as finding the perfect investor you want to copy, deciding if you wish to copy the investor's already open trades, and clicking the Copy button.

After you automatically copy every trading action made by the copied investor of your choice, including opening new trades, and every time he stops and closes positions. Although you are copying every economic activity, you retain control of your funds, as you can change the allocation amounts to each trader or close the CopyTrader relationship altogether whenever you see fit.

eToro's social network is composed of over 3 million investors, so it might be hard for some traders to find the investors that are good for them, luckily, eToro's release d the People Discovery tool, a simple search mechanism that makes it easy to find traders according to your specific needs, just by selecting various parameter settings and instantly get a list of all the traders that match your criteria for you to follow or copy. You can even save your search results or share it with the rest of the eToro OpenBook community.

There is also a widget, found in the "trading Tools" section of the eToro WebTrader, called Top Traders' Insights, where it collects data from its top 1,000 most profitable traders to give an insight into which markets they're investing. It displays the top 10 most traded instruments, along with a breakdown into buying and sell positions, giving an overall measurement of the sentiment among its most successful investors.

For those who are starting to trade and aren't convinced with OpenBook and all eToro's tools, eToro also offers a "Trading Academy" with webinars, education centre, an eCourse, trading tips and leverage and margin tools.

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