OpenBook From eToro
One of the world’s leading online Forex brokers has just launched an amazing new feature which is revolutionising trading. The OpenBook from eToro is a fantastic new system which allows you to monitor the progress of other traders and even copy their trades yourself.
If you’re new to the world of Forex trading this great new facility from eToro will be perfect for you. The OpenBook displays positions being bought and sold in real time but not only does it display the trades it also allows you to copy them so you can also get a slice of the action.
OpenBook is a kind of social network for the traders. You can use it to follow other traders who have similar trading styles to yourself and also copy their trades as they happen. However, it’s worth noting that you’re not guaranteed to make profit by copying other people’s trades. You will only make a profit if the trader who you’re copying makes a profit.
If you’re new to Forex trading OpenBook is a great way to get an insight into this fast-moving world. If used alongside an eToro practice account the OpenBook can be a vital training aid which allows you to develop a trading style which suits you before you’ve even made your first deposit.
To find out more about the great new OpenBook from eToro and to open a new practice or real money trading account visit www.etoro.com. New traders at eToro will also receive a welcome bonus of up to $10,000 when they first fund their account.
