Using eToro's trading signals platform as a technical analysis tool?
Asked 3 years ago
Hi there. I’ve been with eToro for a few months, but I'm new to this helpful-looking group. Do any traders on here use a trading signals platform, such as Trading Central (available to eToro Platinum members), or something similar separate to an eToro account, to help with technical analysis and identify possible entry & exit points on trades? I am aware that these are only indicative, not to be taken as advice or recommendations, but do you find them helpful? If so, I'd be interested to hear which stock/shares trading signal providers you find helpful.
Osasere Okunloye
Sunday, August 29, 2021
Yes, copying is quite helpful, especially when learning a particular strategy. Make sure you scrutinise the history and data of the trader you're copying; choose a trader with the same strategy as you to avoid unnecessary panicking, this will also help you know when things aren't going as planned. Trading will not always be rosy whether you copy or not.
Andrew Moran
Saturday, September 04, 2021
Well, at a fundamental level, you can incorporate your social trading signal platform into your broader technical analysis regimen.
Whether it is foreign exchange or stocks, you can identify the right moment to execute a trade based on social trading signals.
At the same time, social trading and the users on these platforms, generally utilize technical analysis in their trading mechanisms.
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