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What is eToro Social Status?
eToro is a social trading platform with numerous innovative features that allow for interaction between users of the platform and make the world of trading more accessible. One of its most prominent options is becoming a Popular Investor and earning a second income by allowing others to copy your trades. With the above being said, maintaining a credible social image becomes an important prerequisite in successful performance as a Popular Investor.
Below you can find a quick overview of several ways in which you can improve your social status on the platform.
(NOTE: Before we continue, we have to give a disclaimer that the trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. CFDs are complicated instruments that are never guaranteed to provide you supplemental earnings. In fact, Around 67% of all retail investors experienced a loss while trading CFDs. Make sure to keep this in mind before attempting to use the eToro platform yourself. All the information found on this website is not official trading advice and all practices shown are referenced for the use of the Demo account only.)
eToro Profile
Your trading profile is the first thing visible to other traders when they decide on who to copy. Making sure it is presentable, with a professional business photo, a clear description of your trading strategy and performance overview is one of the key steps to ensuring a good social image on the platform.
Note that there are 4 tabs that are visible when accessing your profile:
- Stats: shows all of the statistics related to your trading performance such as the risk rating and the success/failure rates, the constituents of your portfolio in percentage terms and so on.
- Portfolio: a thorough overview of your portfolio, its percentage composition and profit to loss ratio of each asset invested into etc.
- Chart: this is a simulation created by eToro that demonstrates a potential outcome of investing 10,000$ with a 60% stop-loss into your portfolio over time.
- Feed: this includes everything a trader shares with the community on their feed, posts and any comments/ replies; this also includes your actual profile with the descriptions of the trading activity provided.
Social News Feed
This feature allows you to share updates, news and any other relevant information regarding your strategy or performance with others. The platform also provides this option for you to communicate with your fellow traders and copiers, to answer any of the questions they make have regarding your strategy, techniques and investments. Many traders that prefer replicating others’ trades rather than combining an investment portfolio themselves may do so due to the limited available time or trading experience. Being transparent with regards to your trading strategy, performance and statistics is important in explaining the choice of trades and adjustments to your portfolio and adds on to your credibility as a Popular Investor, potentially increaing the chances of being copied.
Posting regular updates, news and observations that endorse your choices and keeping the audience informed on why you are making certain investments may be a great way to build a long-term trusting relationship and create your personalized feed with your interests and trading experience.
Regular Trading
Staying active and adhering to your chosen stragy, showing persisting results is key in demonstrating your credibility. Regular trading at an appropriate pace and rebalancing of portfolio may signal your interest in generating long-term returns.
However, one needs to remember that excessive trading may increase risks and potentially endanger the returns of your portfolio and hence the wealth of the copiers. Increasing returns given an appropriate risk level is important in establishing a credible social image in the trading community.
Profile Statistics
Maintaining appropriate levels of risk and leverage are not only required by the regulations from a Popular Investor on the platform but also provides a positive signal to the copiers as a way to confirm the promise of a successful strategy. This also ensures that the traders replicating your strategy are not overexposed to market risk and unexpected negative impacts.
Adherence to a Specific Strategy
Many traders on the platform have a preference for a specific strategy or assembly of assets. Concentrating on a specific niche of your expertise and focusing your strategy on sustainable performance may help to generate long-term results.
Channels beyond the eToro Platform
Using multiple social channels is another way to show your trading successes to the wider audience and expanding your outreach. eToro is linked to multiple social platforms, including Twitter, Facebook, Instagram and finally Youtube which can help you in sharing your trading experiences and successes.
A Note On Privacy and Data protection
Transparency and disclosure are certainly some of the key things eToro stand for, however your security and privacy protection are in priority above all. The platform ensures that your personal information is not shared and secured using various methods, including encryption and cybersecurity techniques.
Hopefully, the above advice can assist you in maintaining a credible social profile and good luck Demo trading!
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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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