NEW YORK and LONDON, May 16, 2012 /PRNewswire/ --
eToro, the world's largest investment network, announced today that its Web Trader 2.0 is now integrated with its eToro OpenBook. WebTrader is eToro's award winning real-time online trading platform, which prides itself through its exceptional ease of use catering to the needs of both experienced and novice traders. eToro OpenBook provides a complimentary social trading platform that creates a trading experience by allowing users to see, follow and copy the trades of the top performing traders. Users can now make better informed trading decisions by tapping into the wisdom of the crowds and therefore act upon market sentiment.
The new eToro WebTrader 2.0 provides the user with a comprehensive view of the trades made by each of the Gurus (top traders) that a specific user is currently copying. In addition, the market dashboard provides a visualization of the market sentiment in each specific traded instrument.
This product integration is part of eToro' s commitment to continually raise the bar for online trading performance. An eToro study revealed that following experts and copying their trades can have a positive impact on trading performance. In the first six months since the launch of CopyTrader™ on eToro's OpenBook, eToro has witnessed an improvement in the win ratio (profitable vs. unprofitable trades) of 8%-12% for copied trades. Currently more than half of the trades on the eToro trading platform are copied trades.
Additional features designed to enhance trading performance include more detailed views of instruments, automatic notifications when instruments reach a set market price, chart views for daily, weekly and monthly price changes, and one-click trading with pre-set parameters.
"Web Trader 2.0 is just another example of how eToro delivers on the promise to revolutionize the way people trade," said eToro CEO, Johnathan Assia. "We are proudly leading the social trading revolution and are empowering our users to connect to expert traders to gain knowledge, create responsible trading strategies and to become profitable traders and investors."
eToro is the world's largest investment network, with over 2 million users in over 140 countries and thousands of new accounts opened each day. eToro leads the social trading revolution through its community powered network, which enables every investor to see, follow and automatically copy the actions of other investors in real time. eToro's mission is to open the financial markets to every individual and make them accessible through a simple, transparent and more profitable way to trade and invest online. By harnessing the wisdom of the crowds every member of eToro's social trading network benefits from accelerated information exchange, knowledge sharing and the ability to quickly identify the best investment opportunities. eToro's open Guru Program allows expert and talented traders to earn wide reaching recognition and monetize their trading expertise by earning rich monthly rewards. eToro's wide range of award-winning web-based and mobile social trading platforms appeal to every level of trading expertise, and provide an amazing investment experience that caters to the needs of the consumer investor. For more information, visit us at http://www.etoro.com.