What are the differences between eToro Copy Trading and other brokers?

To Ayalya,

Basically, all copy trade concepts offered by most forex brokers are generally the same. If there are differences, they may lie in the technical system and payment system (profit sharing, commission system, etc.).

For eToro, the difference lies in the trading platform which is specifically specialized for copy trade. In addition, the markets offered by eToro are also more diverse, not only in forex and commodities.

Hope this helps.

Adding to Mr. Erik's answer, the difference between Copy Trade on the eToro broker and other brokers lies in the types of Copy Trade it offers, including:

• Copy All Trades: copying all trading activity from the trader you follow
• Copying Only New Trades: only copying the newest entry from the followed trader, after you agree to Copy Trading
• Copy Stop Loss (CSL): helps you determine the amount of risk based on the real-time Profit/Loss value

In addition to the three types above, there are also Copied Trades SL and Pause Copy. Hopefully this helps.

is there a possibility that the traders we follow are still beginners? how do we choose them... if it turns out we're following a beginner trader, that's dangerous, isn't it?

@Suganda: Certainly there is that potential so we must have a correct assessment in looking at the performance of a trader's account. One of the best methods in looking at trading performance is to test it within a sufficient time frame.

For example if the trader is an intraday trader, then the time limit used is a minimum of 3 months of transactions. If the trader is a swing trader, then the time limit used is a minimum of 6 months of transactions. The purpose of setting this time is to see the trader's performance in both good and bad conditions (usually due to a losing streak). 3 months is enough to see the trading performance of an intraday trader as well as a swing trader for 6 months.

What is seen from his performance:

(1) Risk of ruin: percentage risk of the possibility of an account Margin Call (bankruptcy)

(2) Maximal Drawdown: the largest percentage of the account experiencing a loss

(3) Winrate: percentage of profit compared to all transactions

(4) Average profit/loss: the average ratio of profit to loss

(5) Expectancy Value: the value of the sum of winrate and average profit minus lossrate and average loss (seeing the possibility of profit in the long term)

The five parameters above are quite good at determining whether the trader's performance is worth following or not.

Thank you

What is the difference between the all new trades and only new trades copy trading types on eToro? Isn't copy trading supposed to be executed every time we newly open an account and decide to follow our chosen trader? Or how does it work?

@Ahmad Anshori: The difference between copying all trades and copying only new trades lies in opening positions when the trader being copied still has open positions (open positions).

Use copying all trades if you want to copy all transactions, including those that are currently open. Use copying only new trades if you only want to copy new transactions after you register for copy trading.

Thank you