Limassol, Cyprus, February 07, 2012 --(PR.com
)-- Social trading is a game changer in the forex trading industry from many perspectives. And it’s not just the traders who are going through an adjustment period as they transition to this clearly more advantageous approach to trading; the forex industry as a whole is caught in an arms race to offer the most useful social trading technologies and services. Forex news services too will have to adjust to accommodate this new style of trading, and no one is as eager to do so as the eToro Blog.
Seeing as the eToro platform is the provider of the first and largest social investment network online, the eToro OpenBook, it is no wonder that the eToro Blog should have a leg up as far as social trading is concerned. And indeed, what started as a weekly post consisting of an analysis of some of the leading traders on OpenBook, has now turned to its own “Social Trading” section with the addition of two new social trading focused columns, “Social Research” and “Market Trends.”
The “Social Research” column will focus on plotting the overall positions of OpenBook traders and discussing the implications as pertaining to investor sentiment and strategy as pertaining to particular markets. This will enable readers to get an overall picture of what is happening across the eToro investment network, rather than following individual traders.
“Market Trends,” on the other hand, will do the opposite by taking a look at one of OpenBook’s top traders activity as opposed to the market trend predicted by fundamental and technical indicators. For example, when one of eToro’s top EUR/USD traders remains bullish while all the experts say otherwise, you will read about it in “Market Trends” to understand the motivation behind this disparity.
Overall the two columns aim to incorporate more information derived from social trading activity into the financial news format, so as to bring much needed perspective to how fundamental economic factors affect trading on a social level. This recent expansion of social trading news only shows that eToro intends to remain a leader in the field across its many services, including the eToro financial news blog.
eToro Group Ltd.
7 Omirou St., 2nd Floor, 3095 Limassol