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eToro Q&A
Updated: Views / Replies:3,242 / 21
Created: by Micah Attachments:3

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eToro Q&A

  #21 (permalink)
Trading Apprentice
Muntinlupa + Phillipines
 
Futures Experience: Beginner
Platform: Mt4 and zulutrade
Favorite Futures: forex
 
Posts: 13 since Jan 2013
Thanks: 1 given, 3 received

right right!!
So guys, etoro turned to be not so profitable as we all have seen.
what do you think of zulutrade - the other big fx community?

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  #22 (permalink)
Trading Apprentice
London, UK
 
Futures Experience: Intermediate
Platform: Proprietary
Favorite Futures: Currency Futures
 
Posts: 38 since Jul 2015
Thanks: 11 given, 11 received

Sorry for resurrecting an old thread but I'd like to see this discussion revisited.

Harvard Business School (hbr.org) published a relevant paper: Beyond the Echo Chamber, November 2013. Researchers found that eToro traders who used the social network performed better than eToro traders who did not. However, traders who relied entirely on the social network performed worse. For those who have tried eToro - which kind of trader were you?

More recent random columns in daily papers have confirmed that Tweets can shake the financial markets. I've been stopped out in currency contracts by the occasional and unannounced Tweet by Greek politicians. Its incredibly frustrating to see a massive retracement (and stop) followed by a squark declaring "Greek minister of A just said B..." because anyone with any sense would know that an unplanned tweet cannot announce a change in fundamentals, but somehow traders are reacting with painful momentary consequences (for my algos and me).

Social networks create market tremors that threaten intra-day traders. I have learned to respect social networks and I'm now paper trading with eToro - is anyone with me on this?



Last edited by London Trader; August 23rd, 2015 at 10:22 AM.
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