Please just follow these simple steps to get started:
Step 1: Open a Social Trading Account Here, And Deposit Starting Capital:
When you click the “Create Account” Button, you will be opening a Social Trading Account With “Etoro”, our partner in getting access to Global Instruments and Auto Copy Trading. Once you “Create Account”, you will be guided properly from account documentation to depositing funds. Please follow the simple instructions as it is very user friendly. If you have questions, you can find Etoro resources very helpful. If you still need more help, please contact Customer Support and Open a Ticket
CHECK OUT THE LATEST ETORO DEPOSIT PROMOTION
Step 2: Once you have finished your account set-up, take the guided tour which just takes a few minutes to navigate the platform
*You must use a laptop or computer to access the guide. The automated guide is not available on Mobile phones or tablets. The Automated guide can be found on the left side of the page near the bottom:
Step 3: When you are ready, Search for me, ‘Mark Frederick So’ and My Trading Account Name is “Unlitrader”
Direct Link: https://www.etoro.com/people/unlitrader
To Start Copying Me
-On the search bar, type in my name “Mark Frederick So” or my username “Unlitrader” click on me when the
search comes back with my profile.
The minimum “allocated” amount is $200, you can make this bigger if you want. And you can add
to this every now and then, just like when you add funds into a mutual fund.
Click on edit button to set the Stop Copying value to percentage, Set the stop loss to 70% this means you
will automatically stop copying me if my trade losses reach 30%
-Uncheck “Copy Open Positions” That way, you only copy new trades I make moving forward.
-Once done, click on “Portfolio” and you should now see me as part of your trades.
Now, all you have to do is sit back and watch me work. Whatever I do on my own trading account, your account will mirror exactly. When I
open new trades, the new trades will reflect as a prorated percentage on your account. Which means, you do not need to have the same amount of money as I do, just $200 is enough as copying me will pro-rate the amount to your allocated amount. When I close trades, it will automatically close also for your account.
You can stop copying me anytime, just go to the right and click on the settings icon, click on stop copying, when you do that, you sill close all the open trades I have at the time. This is useful if you are already happy with the gains but I am not yet closing the trades. Of course, I’d rather you just trust me to just close it myself as I do have a plan every time I trade.
Switching from Real to Virtual account
On the left side of your account, you should see a button called real as shown in the screenshot below, click it so you can go to your virtual portfolio.
The platform will make sure that you are switching to virtual. Go ahead and confirm by clicking on the button
Now you are on the virtual account
Switching back to real is the same easy steps.
Commenting and Interacting
Once you are on the platform, you can do what you normally do on a social media platform like Facebook, you can write a post, like, leave and answer comments. Just click on the buttons highlighted with red arrows to start interacting with fellow investors and traders.
Don’t want Your Stats To Be Published?
If you want to remain private, all you have to do is set your profile as such by clicking on your profile and setting the button on the right
Please note that if you want others to copy you, or message you, you will have to set your profile to “Public”
Understanding Stats and Risk Scores
Before you start copying traders, it is important to evaluate if they are worth copying or not, this is where Etoro’s platform provides tremendous value, the platform calculates real time the performance and Risk scores of traders that you can copy. We strongly recommend that you read up on how stats are calculated. Please go here: HOW STATS ARE CALCULATED
More Resources and Tips Will Be Added Periodically
Other Resources and Tips Will Be Provided In The Coming Days and Weeks To help you get settled in.
Questions? Message me directly through the Etoro platform or leave a comment here.
Monster Profits to All!
Risk Warning: When trading CFDs, you generally trade on margin, which means you only have to deposit a small percentage of the overall value of your position. This is known as “Leverage”, and even small market movements may have great impact, negative or positive on your trading account. Before deciding to trade on margin you should carefully consider your investment objectives, level of experience, and risk appetite