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This is exactly what Etoro does. Etoro has many problems though. To name a few: - Many traders will keep losing trades open indefinitely and only close their w
by Avalaxy 11y ago
This is exactly what Etoro does. Etoro has many problems though. To name a few:
- Many traders will keep losing trades open indefinitely and only close their winning trades. This way they get a 100% success rate because all their realized trades were profitable. This also leads to huge realized profit percentages while the total value of their portfolio was just decreasing because of the losing trades.
- You start copying them later, so you won't get all their trades. This means that your available balance percentage will be different than theirs, resulting in strange behavior when they up their stop loss with additional funds, whereas you don't have any additional funds left. This also happens when they of you withdraw/deposit funds.
- skhatri11 11y agoEtoro trades currencies and the company cannot operate in the United States because it is not in compliance with SEC regulations. Our investors invest their own money first, then you can replicate their investment at your convenience. When they sell, you have the OPTION to sell. You can close out your position anytime.