eToro OpenBook Introduces “Trade Story” Feature

eToro, the groundbreaking platform and social investment network, now adds Trade Story feature to its social trading application eToro OpenBook that will enable traders to learn more about each other’s trades.

eToro OpenBook has revolutionized the way people trade to the core. No longer do private Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders have to enter the financial markets in isolation and make their way through the intricate workings of the financial world in the dark. By connecting traders and creating a powerful investment network, eToro has enabled traders to join forces and use each other’s knowledge and experience to their advantage. Through OpenBook, eToro traders view live feeds of each other’s trading activities, follow top traders and gain their own followers, become market leaders of their countries, discover each other’s trading strategies and even copy trades with the click of a button. Now; eToro innovates once more by introducing an additional feature to the social information stream – the trade story.

The “Trade Story” option becomes available when a trader closes a profitable trade, in order to give traders the opportunity to learn more about the forex strategy behind the trade. Once the closing action appears in the live feed, OpenBook users can click on the “Trade Story” link to open an additional panel which shows a graph of the trade (including open and close prices), the duration of the trade, the Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term used, and the profit percentage made on the trade. This information provides viewers with even more insight into the tactics that led the particular trader to profit, tactics which they can then implement in their own trading activity.

“The more traders can learn about the profitable strategies of other traders, the more they are able to take their own trading forward,” said eToro CEO, Mr. Jonathan Assia. “The trade story is an important aspect of how people trade and therefore the members of our community should have the opportunity to see it. After all, sharing information in forex is a win-win for everybody.”

The Trade Story feature is now live on eToro OpenBook and is taking social trading yet another step forward, proving that the power of online community is a force to be reckoned with in the financial markets as well as outside of them.

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The Trade Story feature is now live on eToro OpenBook and is taking social trading yet another step forward, proving that the power of online community is a force to be reckoned with in the financial markets as well as outside of them.