Binary Options Auto trading reviews:-
popular form of trading is the so called “auto trading” or “mirror trading”. Although it has nothing to do with binary options, we know it is pretty popular among binary options investors. The best broker for auto-trading is Etoro, because of the special feature named Open Book. Etoro proud itself with a very large community of traders (over 1.8 millions of users) and the best traders that have outstanding results are listed in every month’s hall of fame. The Open Book allows you to see other people’s trades, and thanks to the Copy Trader technology you are able to copy all trades from the users you choose in real time, your account acting like a mirror of the trader’s account, but with specific parameters like the amount of money you want to use to copy the trades.
*About eToro OpenBook
The OpenBook is our flagship social trading platform that puts you in touch with millions of your trading peers, and enables you to harness your collective trading power as a community. With such groundbreaking features as the copytrader and the Guru Finder, the eToro OpenBook is changing the online trading industry and leading the way in the new wave of social trading solutions.
OpenBook facilitates communication and the sharing of information among traders. Think about it as trading in a gigantic network of peers as opposed to trading in isolation, as was standard in the past. What it means is that you are constantly exposed to automatically shared information, which we call “Trading Feeds”, information that you can then implement in your trading decisions.
In the trading feeds you can watch the trading activity of the general OpenBook public, or filter them according to your personal “Watch List” and the OpenBook “Top 100”.
Furthermore, like any self-respecting social network, you are free to initiate communication with your peers through comments, “likes” and personal discussion boards.
OpenBook takes the idea of social trading beyond the matter of simple communication, and enables you to benefit directly from the expertise of others. With the groundbreaking “CopyTrader” feature, eToro traders can automatically copy the positions of top traders and build a “people-trading” portfolio. Instead of dealing with the unpredictable markets, you can minimize risk and invest in the markets indirectly through the conduit of consistently successful traders, who are much more reliable than the markets themselves.
Simply find the trader you want to copy using the new “Guru Finder” feature, click on the “CopyTrader” button and determine the percentage of your funds you want to dedicate to each trader (20% max). Then sit back and watch the pros trade for you. Nevertheless, you retain full control of your account and can take over a trade, or stop copying a trader any time.
Minimum investment: 50 USD
Trading types: Auto Trading (Copytrader), Forex
Can trade: Forex, Commodities
Traders from USA: Not Allowed