Copying traders on eToro?

I traded in MT4 in FBS long time ago and I used their 5$ welcome bonus.

I haven’t tried those copying things because I want to trade by myself.

But I’ve seen some traders post their thousand dollars profit and they claimed they don’t know how to trade only copy trader in etoro.

They also put some good traders to be copied.

But I don’t believe in the end it would be this sweet.

i personally agree with most of you here. you don’t develop any skills by copying trades. it’s also hard to have confidence in what you’re doing when you don’t know the rationale behind the trades that you enter

I agree wit number 1. If you’re doing well, why would you share your trade secrets with anyone else. SCAM CITY!!!

Personally though, I do go through some trades of other traders, but I try to read through their analysis first and see if it makes any sense to me before I consider taking the trade.

See, my thing is that I am not interested in developing trading skills! unfortunately I lack the time or the right education to engage into that! gave up long time ago on trading manually. So, I get my rebates from the zulutrade traders. Of course I realize the roi is smaller if compared to manual trading; or the risks are a bit higher; however the initial investments are smaller and you have much more free time, which totally has no price tag. Totally different angle.

you call me a scam? I have been making some good money for quite some time now out of zulutrade copying service/platform in general! Are you calling me also a scam? :slight_smile:

you cant putt all your eggs in one basket because etoro has a limitation…
no more then 20% can be allocated to 1 user.

Hello boys and girls,

I am also new here and i am still busy with forex school.
I was wondering around the forum and found this article.

I have an account on Etoro, i have that account since the beginning of this year.
And i notice a lot of talk about scams or lazy traders on this tread so i thought i reply also.

In January of this year i opened an account on Etoro and deposited a small amount, now i am not rich nor do i have a lot of money to spare so it took me several months to deposit 700 dollars in total.
And i started copying.

Its a bit tricky to figure out who to copy at the beginning.
But luckily they created a tab on every ones profile called Portfolio.
Here you can see in what the trader is interested:

78.8% Currencies
11.6% Commodities
9.5% Indices

How many winning trades, losing trades over a period of 1 week, 1 month, 3 months, 6 months or a year.
Does he copy him/her self or is it an manual trader.
And there is always one message present : [B]Please note: past performance is no guarantee of future results.[/B]

Will i choose to follow this trader yes or no, thats up to me…
In this case i chose Yes!!!
If you wish to prevent lag then its advised to allocate at least $100, less and it can be that not all new positions are opened.

In the last 3 months this woman has earned 154.39 dollar for me.
This money stays allocated to her but i can “withdraw” (re allocate) it at any moment of every day even in weekends.

Now why do i do this trough Etoro, am i lazy… No… before i started the school on babypips i read 3 books about forex and after (i am nearly done with babypips school) i will (hopefully) keep reading and learning.
And in time after enough demo-trading i will use my $700 + everything else that i have gained from copying and start manual trading.

For me Etoro is the means to an end to get more startup money.
In the last 8 months copying has earned me $564.51, now this may not be much compared to most here but since i am still studying it doesn’t have to go fast.

I have time and patience ! :smiley:

For the “good” traders here.
Etoro has a Guru program, from what i understand is that u can apply to this and for every 50 copiers that allocate $100 or more to you, you get $500 a month from Etoro as a thank you or something.
With a maximum of $10 000 a month.

In my experience, no trader that i have copied in the last 8 months has EVER told his trading strategy.
And if i am correct it says in Junior college that even if this Guru trader would do it, i cant use it… because its His/Her strategy… Not mine!

I don’t think your answer to successful copy-trading platform will be etoro.
You will only loose your money, like many before you.
what I recommend you is zulutrade - the best thing that actually makes you money!

how does zulutrade differ from etoro?
and what makes zulu trade profitable ??

Followers profitability on small accounts!!! This speaks for itself.
Also, zulutrade has more reliable SPs.

For me, it’s a good training ground for someone who wants to start up at Forex. Copy trading would really fast track your experience. Just my opinion though.

etoro in no trading for anybody. its a black hole that will squeeze your money out of your accounts.

I think the keypoint is spending time in the rankings, not only the rankings in the official pages, there are also rankings in other pages that sometimes are more useful. Also not trying to get a 50% profit in one month, it takes time to make profit and maybe a trader who makes 5-10% in the long term leads to more profits than the first one. I point out that this is what worked for me, it does not necessarily work for everyone.