How Do I Copy eToro Traders?

Written by Andie Andros

Reviewed by Nadav Zelver

To copy a trader on eToro, first select an investor by navigating to the 'Discover' page and then 'CopyTrader' to find a trader that matches your investment goals. Next, visit their profile and click the 'Copy' button, which opens a window where you can enter the amount you wish to invest, with a minimum of $200 required. Finally, set your Copy Stop Loss according to your risk preference and click 'Invest' to start copying the trader's moves.

Embarking on the eToro Adventure

When I first stumbled upon eToro, my curiosity was piqued by its unique feature: copy trading. This concept was entirely new to me, having previously navigated the more complex terrains of online trading platforms like XM and AvaTrade. The user-friendly aspect of this broker stood out, compelling me to explore deeper into its offerings.

Initially Using the Demo for Practice

My initial step into the world of copy trading with this broker began with setting up an account. The process was straightforward – registration, verification, and funding my account. Eager to explore this novel feature, I started with the eToro demo account, a risk-free environment perfect for beginners like me.

First Foray into Copy Trading

The demo account was my playground for understanding the nuances of copy trading. Surprisingly, it only took me just a few minutes to grasp the basics. Gaining confidence, I soon transitioned from this virtual portfolio to real live copy trading.

The Process of Copying a Trader on eToro

1. Selecting the Right Investor: My journey began on the 'Discover' page, under the 'CopyTrader' section. Here, the platform offers a plethora of investor options, complete with recommendations and a handy filter tool. This feature was invaluable in helping me find a trader whose strategies aligned with my investment goals and risk appetite.
   

   

   
   
   
2. Initiating the Copy Process: Upon choosing a trader, I visited their profile and clicked the 'Copy' button. This action opened the 'Copy this Investor' window, a gateway to starting my investment journey.
   

   

   
   
   
3. Investment Allocation: In this crucial step, I decided the amount to invest, keeping in mind that the minimum investment required to copy a trader is $200. This feature allows for flexibility and control over one's investment.
   

   

   
   
   
4. Setting the Copy Stop Loss (CSL): Here, I customized the CSL to suit my risk tolerance. Typically, I set it to close the investment if the value drops below $20, a safety net that gave me peace of mind.
   

   

   
   
   
5. Finalizing the Investment: After carefully reviewing the trading parameters, I clicked on the 'Invest' button, officially commencing my copy trading journey.
   

   

Key Insights and Recommendations

Each investment in a copy is treated as a distinct entity, proportionally aligned with the allocated funds. This aspect of the trading platform ensures a balanced investment approach, mirroring the chosen trader's moves.

The Bottom Line: Why I Advocate for eToro's Copy Trading

Reflecting on my experience, the simplicity and user-friendliness of the eToro copy trading feature stand out. It demystifies the often intimidating world of online trading, making it accessible to novices and seasoned traders alike.

My journey with this broker has not only been about financial investment but also a learning curve in strategic trading. I highly recommend this investment method for anyone looking to dip their toes into the world of online trading with ease and confidence.