anyone use ETORO

[Hankwins]

i have never heard of this site

[SBR Lou]

Etoro is a financial trading company that allows users to make trades. They're even one of the SBR Pro program sponsors.

[Hankwins]

etoro

but it isn't trading stocks is it?

[SBR Lou]

but it isn't trading stocks is it?

Here's a good overview:

eToro is a financial trading company based in Cyprus. It provides personal online financial services in forex, commodities and stock indices through its own electronic trading platform. eToro is primarily a platform and a software provider; it is not itself a financial broker. Rather, it connects its customers with third party brokerage services provided by various brokers.

[jjgold]

USA customers only currencies

NON USA customers CFD"S meaning stocks, indices, futures, currencies

[Hankwins]

thanks

jjgold for that information!

[felizol]

It seems that their site was hacked few days ago and is having some vulnerability database issues

http://thehackernews.com/2012/03/etoro-vulnerable-to-database-dump.html

[Optional]

Anyone with experience at this place yet?

I just got an email offering $50 free with no deposit.

Worth looking at or is that way too little to bother with for this sort of stuff?

[Ralphie Halves]

They had some really bad PR happen to them while back. Just make sure you do your due diligence.

What I do like about them is that they're not a dealing desk, and they have a neat little feature where you can just piggyback off of their top traders, if that's your thing.

I'm a very happy FXCM and Oanda customer. I'm in the US, so I can't use some of the other major guys.

[felizol]

If you guys are interested in forex copy trading you should aslo check up Zulutrade, they are regarded as leaders in this type of business. I like them more , their website has more features + its user friendly and preety transparent in the statistics of signal providers.

[trytrytry]

If you guys are interested in forex copy trading you should aslo check up Zulutrade, they are regarded as leaders in this type of business. I like them more , their website has more features + its user friendly and preety transparent in the statistics of signal providers.

tell us more how this works how to get involved and they types of risk reward u do there?

[felizol]

trytrytry , its simple really , you choose traders based on their performance and then all their trades (or a limited number of them , you can customize that) will get automatically copied in your account. So if they win money you win ,if they loose you loose. The most crucial factors in Zulutrade is obviously the traders that you choose and your risk managment (try not to overleverage your account too much). To fully understand all these concepts you should open a demo account (with virtual money ) and experiment yourself with zulutrade platform. I started with demo at first prior on opening live account. If you have any more questions just ask.

[fxfollower]

hello forum traders,

thumbs up for zulutrade, i have made some really sweet returns from followers. tried etoro - all they managed to do is margin-called me within 3 days.....and with the same volume and trading i've cummulatively gained.

[felizol]

fxfollower , i'm assuming you are not a newcomer at zulutrade and have used it for some time. Which traders are you copying at the momment?

[fxfollower]

fxfollower , i'm assuming you are not a newcomer at zulutrade and have used it for some time. Which traders are you copying at the momment?

well, I have done my fair share of collecting profits from my zulutrade account ! lol 15 months and continuing ...it wasn't aways easy, there are a lot of losses as well, but, i am overall winning. It takes a good and risk averse account management.

At the moment i am waiting for the markets to stabilize themselves - thus the traders.
So, I am not following anybody at the moment.....next week will have a strong come back

[jayc88]

forex is similiar to sportsbetting, 99 % of all traders are loosing longterm,
It takes years of dedication to suceed in this business.
You wonder why there is leverage of up to 1:10000 ?
It takes one bad trade to wipe out your entire account.
Therefore you will not find any good traders on plattforms like zulutrade or etoro.

If you want to make a few pips today watch the nfp release at 08:30 et today,
If the euro breaks below 1.30000 it will go down a lot further .

[felizol]

fxfollower smart move to wait for market to stabilize. When you are ready share you zulu providers (if its not a secret of course) , when i meet zulutraders i am allways curious to see who are they copying.

[fxfollower]

forex is similiar to sportsbetting, 99 % of all traders are loosing longterm,
It takes years of dedication to suceed in this business.
You wonder why there is leverage of up to 1:10000 ?
It takes one bad trade to wipe out your entire account.
Therefore you will not find any good traders on plattforms like zulutrade or etoro.

If you want to make a few pips today watch the nfp release at 08:30 et today,
If the euro breaks below 1.30000 it will go down a lot further .

We all know that that type of leverage is not regulated and there is a reason why this is .....and is called offshored brokers.
and we all know. coming up from simple mathematics, that you cant make a million bucks out of 1K account, even with that type of leverage, because when things go bad, and it usually does happen, you will not gonna be able to cover your positions.
i am sorry, but i have not seen THAAAAAAT type of traders with zulutrade , yet! true variety is huge, and not all of them trade welll, but there are some really good traders among them - one you can follow and make decent money out of them.