eToro Blog Offers New Social Trading Column

LONDON and MILAN, 24 August 2011 - After the launch of eToro’s social investment network application, the eToro OpenBook, along with its revolutionary CopyTrader feature, the eToro Blog now offers a column dedicated to the new concept of social trading

With the arrival of social trading in the financial trading industry, many traders still find themselves unaware of all the possibilities that social trading offers them. The eToro forex blog has come up with an idea to mend this gap by launching a new column dedicated entirely to analyzing economic news from the social trading point of view. This fascinating new blog column combines trends in general global economics with the trends among eToro’s OpenBook users to come up with posts that shed new light on how trading communities react to global economic events.

For example, this week’s post follows one particular eToro trader who managed to gain double digit returns within one week by spotting certain trends in the financial markets, particularly the trends in the EUR/USD and gold markets. The post then details the trader’s strategy all along the trading week while comparing to the general behavior of investors world-wide. This kind of analysis is extremely useful for traders who want to learn new trading strategies or even for users who are looking for traders to follow and copy using eToro OpenBook and CopyTrader.

Dr. Yaniv Altshuler, the eToro Blog’s senior analyst couldn’t be happier with the blog’s new addition. “We really feel that the social angle on the world of financial trading is a lot more relevant to a large number of traders,” he said. “With standard news, it’s not always clear how one should apply the information to one’s trading strategy. Social forex news on the other hand give clear indications about the trends in eToro’s community, and give traders new notions on how to use the incredible tools of eToro OpenBook.”

The new column is updated several times a week, and you can sign up for the RSS feed of this section separately.