How to Copy the Best Traders on Etoro

You want to profit from the high yielding Forex market, but don't want the stress involved in trading, take this course
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503 students enrolled
Instructed by Doru Tarita Business / Finance
$45
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  • Lectures 35
  • Contents Video: 1 hour
    Other: 2.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 5/2014 English

Course Description

Etoro is the largest online forex broker in the world, as they currently have over 1.8 million clients spread throughout hundreds of different countries.

If you are looking to open up your first online forex account, I would definitely suggest taking a look at Etoro. Etoro gives you the opportunity to trade with a free account so that you can give their software a good test before deciding to trade with real money.

You will learn to invest in people, not in currencies.

You don´t need to learn all the charts and technics about forex

You will receive a list with the best traders on etoro to copy.

You will learn to build your "company" as a CEO.

Short course and to the point!

What are the requirements?

  • Some creativity
  • Passion for that you want to do
  • Discipline
  • Some basic knowledge about forex
  • A teachable attitude

What am I going to get from this course?

  • You will learn to select consistent traders, who will work for you.
  • You will learn to invest in people, not in currencies.
  • You don´t need to learn all the charts and technics about forex
  • You will receive a list with the best traders on etoro to copy.
  • You will learn to build your "company" as a CEO.
  • You will learn to supervise your forex employees.
  • Short course and to the point!

What is the target audience?

  • People interested in money investments
  • Some basic knowledge about forex
  • Diligence and drive towards success
  • People who don´t have time to spend with theories

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Who to copy?
00:53

To start copy trading all you need to do is open an account at www.SimplyForex.com (my etoro ref.)

Then use the investment network to search out the top financial traders.

When you've spotted a trader you'd like to copy, simply choose a portion of your funds to invest and get started.

BUT the problem is there are so many and their success doesn’t only depend on their graphic performance on Etoro.

·There are many other factors which influence a good trader

·Deposit $ 200 (minimum) or more!

·Open an account

For NEWS and UPDATES please check the Lesson Nr. 9 !!

02:53
For NEWS and UPDATES please check the Lesson Nr. 9 !!
01:49
For NEWS and UPDATES please check the Lesson Nr. 9 !!
03:15

For NEWS and UPDATES please check the Lesson Nr. 9 !!


How do you go about selecting the traders to follow?

1.Good money management (uses no more then 50% equity)

2. A maximum of10 open trades

3. Look for traders with a proven track record (ideally at least 12 months)

4.No 100% loss in the past 100 trades (I accept losses - that‘s normal - but 100% is a bad sign for a trader).

5.No copytraders – just trades by himself

6.Activity: at least 10 trades per week

7.The smoother the chart graphic is, the better the trader

8.In my list I look for traders with as many different currency pairs as possible (diversification)

9. Look for one good commodity trader

10. Look to diversify geographically: search for 2 traders per continent so you can trade around the clock.

11. Follow short term eToro traders (i.e. traders who don’t leave positions open for weeks or months)


12. Follow traders who demonstrate a professional money management strategy - i.e. traders who risk a small percentage of their balance per trade and not traders who “bet” 10% or more on a single trade


13. Avoid traders with 100% (or > 90%) winning ratio, this only means they leave every position open until it becomes profitable, eventually locking up and losing all your capital as they widen their stop levels


14. Try to follow and copy traders who watch the market and use clearly defined stop levels above or below certain trend lines, instead of arbitrary stops of 100 or 500 pips away


15. Search for traders who know when to cut their losses and understand that not every trade must be a win.

You need to copy them and then go on vacation. Don´t do anything, just wait and see …!

Copy only, if they are in red or they have not open trades!

I recommend you start with the green list.When you have more money you can start to invest in them all one by one!

All of these traders have been tested by me with a real account.

Some traders are risky, but they make more money.

Don´t play around and exchange the traders often.

Be patient with them at least 4 months in order for the traders to be effective!!

Caution:It is very important to understand that almost all forms and types of investments have inherent risks involved. Many everyday activities such as driving a car is also risky owing to thousands of deaths each year attributed to driving. However, forex trading can be regarded as being as dangerous as any other activity and so it really depends on how good of a trader you are. The more time and effort you put into learning the ins and outs of forex trading and using the right strategies the lower will be the risk that you take.

06:40

UPDATES!! March 2016

What You Didn't Know About Copytrading - eToro webinar

Check this  New video:

https://www.youtube.com/watch?v=Bs6pIGKPYJc&feature=youtu.be 

Please read!!

A better, more stable system The CopyTrader 2.0 has passed our beta-testing stage and is now in full swing, with more stable results across all points.

We have fixed most of the known bugs, and thanks to the new Copy Stop Loss and Pause/Resume features we have managed to achieve optimal synchronicity between copied investor – copier accounts, to preserve more accurate trade proportions.

We are certain that the CopyTrader 2.0 will make your Copy Trading experience smoother and more rewarding. Promoting responsible trading We, as a company, are committed to encouraging our traders to invest responsibly in order to promote portfolios that are stable and profitable in the long term.

Trading responsibly is all about minimizing risk, and minimizing risk is all about protecting your investments, which is why, we are about to implement a new default Copy Stop Loss setting and equity allocation limits.

As of November 2nd, whenever you open a new copy relationship, the CSL will automatically be set at 40%, so that 60% of your investment will be protected by default.

By putting in place a default CSL setting, we are making sure that you are less exposed to risk and that you can invest safely, knowing that a good portion of your investment is guaranteed to come back. Of course, this is just a precaution and you can always change the CSL from the default setting to your preferred amount.

In addition, as of November 19th the minimum copy amount will change from $50 to $100. It will mean that you will be much less likely to miss any of the trades your copied investor makes (due to the minimum trade amount of $1 and the proportion between their equity and your allocated copy amount), and will therefore have better synchronization between the two accounts.

More flexible allocation You ask, we deliver. As a result of your valuable feedback, on November 2nd we will be changing our 20% allocation limit to 40%. This means that you will now be able to copy any one investor with as much as 40% of your equity. So if, for example, you have $1200 in your account, you will now be able to copy 3 traders with $400 allocated to each.

The 20% rule was initially put in place to protect your investment portfolio by making sure that it was diversified, however now that you have the Copy Stop Loss to protect your investment, we are sure that you will enjoy the added allocation flexibility.

Can all these changes affect your open copy positions? Well, yes and no. While you will definitely feel that the experience has became much smoother, you will not be required to add money to your existing copy relationships (unless you want to add money to them, in which case you will have to bring the copy amount up to at least $100), and the CSL for your currently open Copied Traders will not be affected. However, from Nov. 2nd and onward, every time you copy a trader, your copy relationship will be subjected to the changes listed above.

Safe Trader Report 2016
01:57
Good Trader Report 06.2016
01:52
Good Risky Trader Report 06.2016
02:47
Copy Trader Alert Sept. 2016
02:29
Section 2: Why pick Etoro?
00:54

The internet has been a great leveler and no more so than in the realm of finance. Many people fail to realize just how much the financial markets have been transformed in the last few years – both with the move to fully electronic trading as well as the internet opening up access to the wider public.

How to deposit
01:40
What are the Trading Spreads?
01:04
Section 3: Build your new forex company
It is in Your Hands now!
02:29
01:13

Etoro Passive FX Strategy

What if you were a company president?You have a specific budget and you can employ up to 10 employees.What will you do? Naturally, you will search for the best people as a good investment for this money.Imagine that these 10 employees work around the clock and bring profit for you.Now, what would it be like if these 10 employees each had 10 workers who help them?Would you just take advantage of the work of your 10 employees or would you use the advantage of having the benefits of 100 workers, though you have only invested in 10? Now you can further imagine if each of the 10 employee’s helpers also each had 10 workers (10x10x10 =1000) for the same amount of investment. Would you stick with your 10 or would you take advantage of the 1000 people? Now, I hope you understand what it has to do with FX trading.As a etoro “company boss” you have the possibility to either choose 10 people to copy or you can choose 10 people to copy who each is also copying 10 good traders. This is the multiplication concept.I was astonished to see how many trades I made in a day when I started this. I got rid of the single traders (someone who trades for himself without copying) even at a loss, but within a few hours I won back what I had lost. I want you to be successful too and together we can develop a strategy from which we all can profit.Do you want to join me in this process?

Section 4: Updates
Copy Trader Alert July 2016
02:09
02:09

Updates for Juni 2016

02:09

NEW!!        Deposit $ 200 (minimum is $ 200) or more! 

Copy Trader Alert April 2016
02:09
Safe Trader Report March 2016
02:47
02:02

Chek the resources for .pdf Alert!

Good Trader Report March 2016
02:47
Good Risky Trader Report 2016
02:47
02:16

You can download the .pdf for newest updates!

Copy Trader Alert 2016
02:16
Copy Trader Alert February 11. 2016
21 pages
Copy Trader Alert - February 01. 2016
21 pages
Copy Trader Alert January 21. 2016
21 pages
Copy Trader ALERT Video Dez. 2015
02:07
NEW: Copy Trader Alert Jan. 15.2016
21 pages
Copy Trader Alert January 08. 2016
21 pages
03:24

Important Announcement!

Don´t copy these traders on the list!

Please check Lesson 9 for Trader Updates!


Minimum amount for opening a copy trade is $ 1. Copy trades below $1 will not open for copiers. So before copying a Guru you can actually see 'your projected average copy trade size' for a Guru. You can change the allocation or copy amount to see the new 'projected average copy trade size' for you.

When you click 'copy' from a Guru's profile, webtrader asks the copy amount that you want to invest. And it shows the projected average trade size for you.

For example in the image above, if a copier starts copying akyong at this point, and invests $500 as copy amount, copier's average trade size will be $4.17. You want to change the 'copy amount' to get a desired number for 'average trade size' and click 'copy trader'.

Make sure 'average trade size' should be more than $1. If it is below $1, new trades will not be copied from Guru becasue trades sizes will be less than minimum trade size enforced by eToro.

So the 'projected average trade size' gives you idea about in what size new trades will be opend for you, if you start copying a guru by choosing a specific copy amount.

For NEWS and UPDATES please check the Lesson Nr. 9 !!

Copy Trader Alert DECEMBER 16. 2015
21 pages
03:28

For NEWS and UPDATES please check the Lesson Nr. 9 !!


You need to copy them and then go on vacation. Don´t do anything, just wait and see …!

Copy only, if they are in red or they have not open trades!

I recommend you start with the green list.When you have more money you can start to invest in them all one by one!

All of these traders have been tested by me with a real account.

Some traders are risky, but they make more money.

Don´t play around and exchange the traders often.

Be patient with them at least 4 months in order for the traders to be effective!!

Caution:It is very important to understand that almost all forms and types of investments have inherent risks involved. Many everyday activities such as driving a car is also risky owing to thousands of deaths each year attributed to driving. However, forex trading can be regarded as being as dangerous as any other activity and so it really depends on how good of a trader you are. The more time and effort you put into learning the ins and outs of forex trading and using the right strategies the lower will be the risk that you take.

Copy Trader ALERT Dez.01.2015
21 pages
02:58


Important Announcement!

Don´t copy these traders on the list!

Please check Lesson 9 for Trader Updates!



Caution:It is very important to understand that almost all forms and types of investments have inherent risks involved. Many everyday activities such as driving a car is also risky owing to thousands of deaths each year attributed to driving. However, forex trading can be regarded as being as dangerous as any other activity and so it really depends on how good of a trader you are. The more time and effort you put into learning the ins and outs of forex trading and using the right strategies the lower will be the risk that you take.

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Instructor Biography

Doru Tarita, Forex Mentor

I have over 18 years of forex experience. I have studied the charts, made trades according to the news, technical analysis, fibonacci, candlestick charts, fx indicators, robot traders. I focused on different currency pairs, gold, silver, index and so on, but I realised in my career that there is a better way to trade: Your brain is the best instrument to use.

Why shouldn't I invest more in knowing traders and their behavior than in studying currencies?

There are already platforms where you can copy traders, which I thought was a brilliant idea.

After months of research and copying hundreds of traders, I have now found a good mixture of successful traders, who are helping my account grow continously.

Now I work like a manager, looking for the best employees on Etoro and hire them for my "Simply Forex Company".

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