eToro – Forex Trading Forum

[Tropezienne]

The Top Traders' Insight is a really exciting and cool new tool which came along with this week’s new version. I mentioned it briefly elsewhere and said that I realised that I shouldn’t depend on this great tool as a trading strategy - but yesterday I made 90 pips USDGBP yesterday just by following what this tool was telling me.

How cool is it to sneek a peek at how the top traders are trading and then do what they’re doing.? I’ve always been curious about what currency pairs the successful traders choose - now their secrets are out.

The Top Traders' Insight screen shows the most popular trades which are being executed in real time by eToro's top 100 successful traders. The currency ranking is updated live and currency pairs are ranked by popularity. The green bar shows the % of buyers and the red bar shows the % of sellers.

Julie

http://who-gives-a-forex.blogspot.com

[Tropezienne]

How are people using this feature? I have been sticking to the pairs at the top of the chart - and to those with a heavy weighting - say 85% / 15% or more - then following the trade. So, if the chart is 85% red then I’d sell.

The higher the weighting the better - there was 100% / 0% today on USDGBP to SELL I opened 6 positions and did very nicely thank you.

But when the weighting is high does that also indicate that the trend is about to reverse ?

I ask this because yesterday I saw what seemed to be a perfect SELL pair - I opened 2 positions, set my Stop Loss and Take Profit even though I was confident that the pair would sell nicely to my favour. However, the opposite happened - thanks to my SL I didn’t lose too much.

My point being that the logic in front of my eyes did not work in that instance. Any thoughts?

Julie

http://who-gives-a-forex.blogspot.com/

[MIRACLEGIRL]

Hi,
i am a new user and do find TopTrader's insight quite useful . I have also paid for Forex Automoney for their signals and I always compare them to trades executed by TTI.Sometimes they match, sometimes they dont. but somehow I find trades indicated here profitable than professional signal providers when they dnt match.
However, i would like to know from people who are using this tool abt opening and closing trades.Do u use any specific time to open the trade or just open them randomly (i guess u must be closing it when it reaches TP or SL. so that's nt difficult)
Please help
tks n regards
mrudula