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I just spent five minutes looking at eToro's landing page and I cannot figure out what that site does.
by aqme28 6y ago
I just spent five minutes looking at eToro's landing page and I cannot figure out what that site does.
- high_byte 6y agosupposedly Facebook for stock market. more like Twitter imo.
- XCSme 6y agoNo, that's not the gist. The main idea is that you can mirror the trades done by someone, by doing copy-trading. It is a lot better for unexperienced traders to just follow someone that knows what he's doing and let them trade for them.
- XCSme 6y agoI use eToro and I like it. It allows you to automatically copy trades done by the others. So instead of trading $10k yourself, you automatically mirror the trades done by an experienced trader. The platform allows you to find and follow many top-performing traders (eg. that usually obtain 20%-50% trading profit during a year). So you just "follow" them and you can forget about it. Personally I'm at 50% profit by following only one guy for about 2 years.
- XCSme 6y agoAs a note, this is the guy that I follow, you can see his trading history: https://www.etoro.com/people/jeppekirkbonde/stats https://www.etoro.com/people/jeppekirkbonde/stats