As more and more eToro traders find success thanks to the OpenBook social trading network and its CopyTrader function, eToro introduces a new feature to help traders find the best traders to copy
Online PR News – 24-February-2012 – – LONDON, February 23, 2012 -- With the advent of social trading, traders have immersed themselves in an entirely new realm of financial investment, full of new exciting possibilities. The opportunity to build people-based portfolios, for example, is unprecedented and has already yielded a robust 20% improvement in overall performance among OpenBook traders. However, the sheer range of new possibilities can sometimes be overwhelming, and choosing to copy the wrong traders can end up exposing traders to costly and unnecessary risks, rather than protecting them from market volatility.
With that in mind, eToro has released its first innovation for 2012, which is the Guru Finder search tool. This feature, found in the Rankings tab on the eToro OpenBook online platform, enables traders to find traders who fit their specific criteria precisely. Up until now, traders would have to base their Copy Trading decisions based on the eToro rankings, which rank the most successful eToro traders according to criteria such as gains and win/loss ratio. You could then access a particular trader profile to view the rest of their stats and decide whether they’re someone you’d like to copy.
The Guru Finder cuts out the time wasted on looking at traders with unsuitable trading portfolios by enabling you to narrow the selection significantly according to a wide range of factors. Don’t like risky traders? Set the “leverage” criterion on low. Don’t want to waste time copying a trader who opens one position a month? Set the “minimum # of trades” criterion above the number of trades you’d like to copy. There are ten criterions for you to base your search on, as well as a selection of popular searches to give you an idea of what to search for.
With the launch of the Guru Finder, eToro OpenBook traders are more set than ever to conquer the markets through social trading, and the remarkable performance figures shown so far by the eToro OpenBook are only expected to go higher in the coming year.
To learn more about eToro, go to www.etoro.com.