OpenBook Network


The social network to make money

How does social trading work?
The eToro OpenBook is a live database of all the trading activity carried out through the eToro platform. By being a member of the OpenBook network you can see what top profiting traders are doing, follow their trades and even them. That means that so when one trader makes a profitable trade, everyone else can benefit by learning from it or simply by copying the same trade!

OpenBook’s CopyTrader enables you to take the idea of shared trading information even further, by setting your account to automatically copy other traders. What this means is that a novice trader can literally trade like a pro within a matter of seconds by simply copying one of eToro’s guru traders. With the help of eToro CopyTrader you can effectively compile a people-based trading portfolio, rather than a financial instrument portfolio, and manage the traders you copy according to their results. With the introduction of “CopyTrader” it became clear that some traders would become the “Gurus” of the social trading community, and thus eToro devised a way to reward traders with numerous followers through the Guru program.The guru traders can get an extra income by accumulating a large following of copiers and getting some kickback from their trading activity.

How do I start copy trading?
Copy trading is in fact very different from regular financial trading in that it is so much easier than regular trading. Unlike the financial markets, profitable traders are easier to spot, monitor and manage simply because they are reliable. This is because consistently profitable traders already do the job of minimizing market risk for you, so you are less exposed to risk from the get go.
When you start copy trading, finding the right traders to copy is key. Luckily, eToro OpenBook provides you with a number of ways to choose the right traders for you. First and foremost, you have the OpenBook rankings, including a “Guru Finder” feature. These rankings rate traders based their trading performance over a given time period, according to the parameter of your choice.  It may seem wise to look for traders with the highest win percentage, however while this figure shows the ability of the trader to analyze the market it doesn’t reflect his/her ability to capitalize on the market movement, and therefore you should also make sure to look at the gains figure.
Once you figure out which traders you want to copy, all you have to do is click on the “Copy Trader” button and decide which percentage of your account you want to dedicate to copying each trader.
I agreed that it is always best to start copying a trader with only a small percentage of your margin (around 5%). Once the trader proves that he/she can consistently deliver, you can increase your investment.