The operation of the eToro OpenBook
The new tool is called proposal by eToro OpenBook, and is to give free access to the information exchanged on the platform by other economic operators who wish to share their experience. Of course, any confidential information platform is not referred to, but it is possible to see in it the operations performed and those that are in the process of other investors and, therefore, analyze its strategy of speculation.
This clearly applies to OpenBook currencies, but also to the CFD, including the CFD on gold. So, you can in the blink of an eye to know how other investors are silent on this raw material and how to get benefits.
To also meet the profit rate of each of the enrolled in this OpenBook, traders will allow you to classify and choose a trader who want to follow based on their income. therefore their results.
The various features that allow you to copy the positions of the best traders:
It will already have understood, thanks to OpenBook, you can from now formed speculation CFD on gold without needing a theoretical learning, since direct access to the most important part, but also the most interesting, to observe the work of other economic operators.
Better yet, you can choose to follow one or more economic operators, in particular, over a given period in order to observe how they evolve its strategy and the results they achieve long-term.
But the big news is also in allowing copying outright positions a trader. In short, just choose the most gifted trader seems and the software will open the same positions that he, at the same time, with an equivalent amount of investment in proportion to their overall capital. Thus, though it has never operated economically and knows nothing of speculation on gold, you can make profits very quickly.
Of course, any time you can follow the evolution of its market positions and to verify the relevance of the chosen strategy, and also to understand the logic that drives their leader trader to make their choices.
Why copy the positions on gold of the best traders?
Being able to copy their economic operations on the best traders has numerous advantages:
First, you need not lose money unnecessarily trying formed practice of speculation.
Then, you have a very effective and very concrete to form the gold market speculation and CFD environment.
You can intervene at any time interact with the trader who you follow, in order to ask for advice or explanations.
Greatly limits the risks, benefiting from the experience and expertise of an experienced investor.
Finally, make profits immediately, where it would have taken several months or even years to achieve attractive returns.
