Social trading platform eToro brings Trader Chart back

Social trading platform eToro brings Trader Chart back

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eToro, a multi-asset broker and social trading network, said on Tuesday it has introduced a new, improved Trader Chart, providing traders with additional information when deciding which trader to copy.

Traders can use the Trader Chart tool to display fellow traders’ past performance in a single chart, in addition to other charting tools for technical analysis on the charted statistics. They can use technical analysis and drawing capabilities, compare different traders, and decide which one to copy.

The tool is based on a copy simulation process and shows how a trader’s portfolio would look like if they started copying a certain trader at a certain time.  The chart assumes that the copier used $10,000 at the beginning of the selected period. eToro trader chartThe Trader Chart has the same structure and display as a regular market chart with the options to change the examined period, the chart type, expand the chart, or see the chart menu. In addition,  just like market charts, trader charts can be shared within the eToro network and outside of it, including on Facebook, Twitter, LinkedIn, and via email. eToro trader chart comparisoneToro currently only offers the eToro New trading platform, which was launched in November 2015. It replaced the developer’s other iconic platforms – eToro OpenBook and eToro WebTrader. The platform allows trading in currencies, commodities, indices, stocks, contracts for difference (CFDs) and exchange-traded funds (ETFs). It runs across all types of devices.

The eToro brand combines the companies eToro UK, regulated by the Financial Conduct Authority (FCA), and eToro Europe, regulated by the Cyprus Securities and Exchange Commission (CySEC). The brand is active in more than 170 countries worldwide. It has more than 4.5 million clients with more than 183 million opened trades.

eToro’s social trading network competes with ZuluTradeTradeo, FxPro SuperTrader, SwipeStox and Tradency, among others.

Source: eToro

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