New to Forex, and the ability to copy traders on eToro sounds enticing. Have some questions about it though…
Any help would be appreciated. It sounds like an amazing feature for a trading platform, but I’m currently skeptical about it.
Haha I like your 1st question. I’m also newbie, I tried copying the top traders but I still lose…Then It makes me think that, If Im already copying the top traders and still lose then its imposibble to win lol. I stopped copying, I started winning lol.
I also noticed that the top traders on the challenge are mostly(not all) Losers. they’re just have a higher chance to win big in a week because of big capital but lose bigger when they dont win. You wont get to the top if you dont risk big. I looked at their stats and they have lot of loses…i mean, they redeposit a lot…means they wiped their account trying to win.
Im not sure if you can still copy them if they move their SL and have more money than you, cause in etoro you add when you move SL.
I think its more important to think for yourself. Yes take a look at the areas that these ‘experts’ are looking at. just don’t take them because they say so. See the logic and does it actually make sense. You will not make money taking trades that TV pundits or online gurus tell you to take. Also it will not help you grow as a trader.
just food for thought have you opened a live account with etoro? I have and there sire is going bye bye at least I think it is I opened a live account with them and they gave me a account with fxsolutions. I emailed them asking why and was told they were making changes to the site and not offering trading oil anymore but they never set up my account with etoro. In case you didnt know fxsolutions owns etoro. fxsol is not bad but was wandering id you had etoro now. and fxsol offers the same thing I think.
Copying does work really since they act base on the situations given. I mean the factors that could affect. I would say make your best ever to talk to anyone of them and ask for tips.
All things are difficult before they are easy. 
Main reason is because you don’t think like that trader, they can change their minds in an instant. I’d avoid it all together because you may enter when he/she does well what if a second later they change the TP from a 3:1 to a 1:1 and then the market reverses after it hits his 1:1 and your not there to copy his trade again
Another thing to add (sorry thread watchers) I know this is old but I have seen etoro poping up lately. Who ever said they are experts? If today is my first day in forex and I open an account with etoro and post my trade does that make me an expert? If this is the case we have alot of experts right here on babypips. I mean go look at the trades posted here. One will not find to many that loose.
I did some research on etoro’s copybook. As etoro is a market maker, I thought it was odd to see etoro actively “helping” its competitors (you!). etoro’s angle is actually quite simple: I think you can be profitable if you follow a diverse range of “experts” and exercise proper money management. Most of the nubs though, will put their eggs in one basket, follow only one trader (usually the top-rated one) and pay no regard to money management e.g. they may put 20% of their account into one trade and try to ride the gravy train home. Without proper money management and a false blanket of security, a string of losses will wipe the nub out. It’s all a waiting game for etoro. The copybook tells you what to do, but it does nothing to advice you on money or risk management. That’s where they get you.
Hello, sorry if I answer late. First of all, if you copy, you will never become good at Forex, as it is also true for life. Then the top traders understand the full implications of their investment, so they are able to act immediately, depending on how the market evolves, and I think you would not be able to do the same. Then… who says those are top traders? I think there are not many top traders on eToro!
However, never say never, it can be a great innovation, but in my opinion it is just one of many things done to attract chickens 
Good luck
Do I have to be online after copying guru?
How to remove copying guru?
Etoro is a scam…come on guys the spread is ridiculous. Please don’t copy experts there. Not worth it. Speaking from experience.
we should open a thread on 10 things I hate about etoro vs zero positive benefit
You are all so wrong on your assessment of Etoro, there are a number of benefits, first they are not a scam at all… secondly copying other traders is good if you find a good trader to copy, you can watch and learn and thirdly there spread is higher because they don’t do swap rates… Which is awesome, think about not having to worry about swaps… I use three brokers, one being Etoro, if you have not tried them then how can one say what is what…
Seems scam is thrown around easily these days, don’t listen to it, Etoro is legit… Etoro does not even charge to copy either and yes your stop or take profit chnages when the copied trader changes there…
Regards
Timon
Copy trade? what kind of trader is that? Lazy one I guess. The one that is lazy to learn, practice and exercise the trading technique that he had learned. I definitely will avoid that. Coz I will not gain my skill in doing that.
it is not being lazy but actually smart to know how to utilize your resources :27:
do not waste time and money trying to learn to trade…come on if you do not have experience or you do not have the knowledge you will deffinitely end up using your savings.
but deffinitely etoro is not an answer, they will just not let you earn anything…been there done that.
I never took eToro seriously, and I never will.
And copying “good traders” is not any different from those funny “trading alerts and signals”.
P.S: eToro offers few commodities and indices as well. That’s the only thing that I like about them.
Why only eToro? you can actually copy trades with any broker
Every trader has his/her bad trade. And his/her bad trade can be your worst nightmare. It’s all relative.
“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.
Yeah, its too good to be true.
But I’m open at anything so I don’t dare to make assumption before I try them.
One of my friend showed his thousand dollars profit for doing NOTHING but copying there.
Maybe he was just lucky.
I also heard there are a lot of traders who can achieve crazy profit per month ?
Is that true ? like 300% …
I know its possible if you trade like newbie because in my early Forex career, I just traded crazy based on my feeling without stop loss and I knew nothing about management but I couldn’t believe I turned 5$ welcome bonus into 35$ in a week. The next week …my account got banned by the broker because they said I claimed the bonus twice.
So… if they can get crazy profit like that… they’re gamblers or traders ?
Mideel, which platform were you trading on? zulutrade or etoro?