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eToro Copy Trader Review is a well-articulated article helping investors and traders understand social trading and eToro's own concept. TradingGator gives an overview of how this works and how to find top traders to copy.
"What is the Etoro Broker?" is a question asked by thousands of traders in the world today. There are two major trading platforms that are used for large scale trading in the market, namely, the Oanda and the MetaTrader.
A trader uses both these platforms but because there are some similarities between the two, many traders opt to use the MetaTrader platform and use CopyTrader to do their trade. It seems like an easy choice at first; however, it's not all that easy to be able to use both platforms for your trading needs.
There are lots of similarities between the two platforms and the main one is the ability to access the Oanda broker. The MetaTrader software has its own interface and functions that are very similar to the Oanda software. Since the MetaTrader broker is based on the Oanda platform, it makes it very easy to use and at the same time doesn't make it difficult to access your MetaTrader account from the Etoro platform. Therefore, it's important to have both MetaTrader and Etoro accounts.
Many traders who want to start trading with both platforms have problems in choosing which one they should use. This is where the CopyTrader platform comes into play. Because CopyTrader is a dedicated platform for doing charting, it can greatly increase your chances of success.
For one, it gives you a professional-looking interface, but this doesn't mean that you should disregard what the market says and do the wrong thing to get ahead of your competitors. This is one of the biggest disadvantages of MetaTrader, which is why CopyTrader was created. By looking at how both the MetaTrader and CopyTrader programs operate, you can be sure that it will help you choose the right platform for your trading needs.
One of the major advantages of the CopyTrader platform is that it has the Chart Trade functionality, which gives you access to tools that are beneficial for charting and also for making trades. In fact, Chart Trade actually lets you customize your charts before you input them into your MetaTrader account.
Chart Trade allows you to enter your charts in two ways: directly in the MetaTrader account or by using the CopyTrader software. With the above-mentioned features, you can make sure that you are always trading with the best platform for charting and that's what CopyTrader offers.
While both Chart Trade and MetaTrader allow you to create your own charts, it is possible to get access to the underlying indicators through a third-party software application. ChartTrade does this and also allows you to view your stock prices through the MetaTrader platform, which is very important when you are trading at large volumes.
Using the MetaTrader platform, you are restricted to viewing the price information that has been plotted by the Oanda broker. Although this is the most common platform for traders, Chart Trade adds something extra, which is its feature of including market information with the price of your stocks. This allows you to see the future of your stocks.
In addition, the MetaTrader broker is known for its lack of customization. There are hundreds of fields and options that you can customize in order to enhance your charts, but it doesn't include many of the important charting features that Chart Trade offers. The exception is the ability to add and remove indicators from your charts.
The platform that CopyTrader provides is completely customized to provide traders with better results than what the MetaTrader platform can offer. It has all the important charting features that you need to trade and they can be changed according to your needs. Moreover, it has the ability to add and remove indicators from your charts as well.
Finally, the one thing that makes CopyTrader great compared to the MetaTrader platform is that it offers both the same functions but makes it much easier to trade with. If you don't want to use the MetaTrader platform, you can use the CopyTrader platform instead of MetaTrader.