Trading Success: 272% Gains and Now You Can Copy Him
The quest to succeed in trading often ends in understandable disappointment owing to the sheer difficulty of calling the currency markets correctly.
Fortunately the march of technology and the emergence of social trading networks now allows us to identify and verify the performance of truly successful traders.
What is more, we can now unashamedly copy their success. This is the key proposition of eToro - the world's largest social trading network who allow retail traders to identify, verify and copy the trades of proven winners.
Above: The eToro network allows us to vet the abilities of traders with the view to copying them. Here we see Zsolt Lederer's win/loss ratio over the past two years.
Finding winning traders
Zsolt Lederer is one of the more successful traders at the world's largest social trading network, eToro.
The Hungarian's past two years have seen a return on equity of 272% with winning trades delivering an average of 20% on equity staked.
"My trade is over the day. I use technical analysis with general indicators on H1, H4, D1," says Lederer.
The trader runs trades over an everage of 7 days and risks 4.2% of equity on a trade.
Below we can see further stats.
Social trading increases in popilarity
The idea of identifying, following and copying the best traders out there is the obvious attraction of social trading. And the concept is gaining traction in more mainstream circles.
Javier Paz, Senior Analyst, Aite Group says the eToro offer is particularly successful:
"If we had to rank the six social networks by how well they understand these three lessons, there would be one clear and undisputed leader, eToro."
Reuters say: "Online trading website Etoro have applied a "Facebook meets Twitter"- like approach in which users build communities to share and discuss trades, while sites rank top players and offer the chance to duplicate the trades of the most successful peers."
Click Here to sign up and take a look around the eToro Openbook community.
“All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results. This post is for educational purposes and should not be considered as investment advice”