Learn How to Copy Traders
By odihost on February 29th, 2012Trading online was never so easy before the introduction of CopyTrader software from eToro. The program is fully automated gift for those who don’t have time to spend for learning the techniques or have some other reasons. Now they can copy traders with the help of Copy trader. The software is very easy to use and has many advantages. There are many people who don’t know about CopyTrader and want to learn about this software.
In this article I will explain how to use CopyTrader and how you will make benefit of that. As clear from its name the CopyTrader allows you to copy the trades of any trader that you think is best for you. There are so many traders available with their profiles and successful trades record. First of all, you have to open an account on eToro. This will allow you to get access to CopyTrader. After having access, you can find some experts traders from eToro openbook or through Intellitraders platform. If you login to your account, you will see an option of “Ranking” tab on top of the site. This will bring you the track record of traders with their previous performances so that you can decide which trader to follow.
Once you have selected the trader to follow, just click on his id. You will be brought up with a new page where you will see a button indicating “Copy Trader”. You will get an option of fund deposit or you want to go with demo, you can click the demo link to move to next step. You will be asked for funds to be deposited for your trading to follow the trader. You can use 20% of your bankroll for this purpose. So if you have $20000 in your account, you can follow the trader with $4000. You can follow up to five traders through CopyTrader. So this means you can follow five experts and can make money through their experience without paying any commission. Nothing can be easier than that.
Copytrader allows you to close the position at any time you want. You can also stop following any trader whenever you like. One of the best feature of CopyTrader is the proportional amount trading. No matter how small the amount you have as compared to the trader that you are following, you can get benefit by copying the trades with that amount. There is no limit or restriction to copy any trader. You can copy any trader without any permission or any commission. To know further about CopyTrader, join Intellitraders free help forum to take experts help or watch video tutorials for better understanding of the program. I am sure once you see this system; you will surely love to use that.
Source: http://www.articlesbase.com/finance-articles/learn-how-to-copy-traders-5696993.html
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