In accore with wikipedia eToro has 2.5 mill acounts. Even IB just has around 140,000 and there aren't over a number of 100,000 live FX accounts at any time. How is this possible?
http://en.wikipedia.org/wiki/EToro
In accore with wikipedia eToro has 2.5 mill acounts. Even IB just has around 140,000 and there aren't over a number of 100,000 live FX accounts at any time. How is this possible?
http://en.wikipedia.org/wiki/EToro
they assert and they say enroll users exactly what every that meanOriginally Posted by ;
Well , they do have 130,000 facebook likes, that's a lot or?Originally Posted by ;
I can get ya 100K likes for 10 bucks. . Nothing specialOriginally Posted by ;
About 3 decades ago, I read that there were around 3 million traders with MT4 accounts spread across something like 80 different br0kers. I visit http://www.100forexbrokers.com/mt4forexbrokers which the amount of MT4 br0kers now exceeds 200. Of course this is MT4.
It looks like eToro includes a marketing exercise: you get compensated by signing up your friends.
If I understand properly, gurus get commissions based on their number of followers and copiers: a perfect breeding ground for greed and scamming, by sucking in those people who don't know the modus operandi of the likes of grids and (pseudo-)martingales. FWIW, I have submitted in more detail on a number of the possible dangers here.
I seemed at eToro's top ace: he's over 40,000 followers and 5,800 folk allegedly kindly copying his trades. He currently has over 40 open trades, all which are in reduction. Red flag, anybody? From what I could tell (that the site publishes entry/SL/TP), he's running some sort of grid (surprise, surprise!) , where he averages down each 50 pips, with a TP of 40 pips and a SL of something similar to 1,200 pips (that is 1:30 RR transactions ). If, as he claims, he studies the price with technical and fundamental analysis to 50%. .... I enjoy candlestick patterns and price action, then why is he averaging in at precisely 50 pip periods?
Position sizes are not shown, just his P/L (not certain if it features open trades.... ).
Like all grid systems, if price goes steeply enough to defeat his grid, then all his followers will probably be exposed to significant reduction; if they are trading large enough dimensions to earn any type of sensible return, their drawdown will most probably be irretrievable.
Tread VERY closely, folks.
Why? What's wrong with Cyprus ?Originally Posted by ;
'Mafiosi' stand to profit the majority of EU bail-out of Cyprus!
Russian oligarchs and mafiosi who've parked their illegal earnings...
http://www.telegraph.co.uk/finance/f...of-Cyprus.html
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Lol if they'd so much traffic I doubt that their opentrader platform would suck a lot, and I doubt that etoro feedback on the web could be quite so negative and rubbish.
Sure, they'd like us to fall for online and regarding the characters, it's all a sham. .Originally Posted by ;
If you intending to etoro, and if you are just about to consider it DONT.
You're going to loose money and time.
I have tried all of them and the only value material is zulutrade.