eToro OpenBook: Twitter analog for traders

If you are not fond of trading in the foreign exchange or commodity market, you may not know about the eToro project. Launched in 2007 with the aim of turning trade in the markets into “entertainment”, the site has an excellent design and visual interface for trading, and many traders like it. But since then, much water has flowed under the bridge: users of the service conducted transactions worth more than $ 100 billion, and the company increased its capitalization by almost 10 million in US currency.


eToro is an innovative platform for trading in world markets, the creators of which have tried to simplify the processes of buying and selling as much as possible. The Israeli company, given the difficulty in mastering trade on the markets and stock exchanges, of all these graphs and terms, presents FOREX in a simple, intuitive format. In addition to regular trading, users can arrange competitions against each other to win cash prizes from the site. It is simplicity and "game" elements that became the basis of its popularity.

Now eToro has become even more fun. Recently, the company announced the launch of the OpenBook platform - this is Twitter or Foursquare for traders. Some users publish on the site real transactions in the currency markets, raw materials and funds. Others can view the history of completed transactions in real time and “follow” these users, or click the mouse to repeat the same transactions.


At first glance, the initiative seems absurd, but the service StockTwits has already proved how well these principles work in the securities trading industry. In fact, eToro and StockTwits use the same principles, so it’s not surprising that StockTwits founder Howard Lindzon is also an eToro investor.
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eToro is a great platform for newbies who want to learn how to trade on exchanges, starting with virtual money trading or making very small deals. At the same time, the service also attracts high-class traders who want to talk about what they do and share their knowledge and experience with other people.

You can get acquainted with the service link . Fascinating spectacle. You can watch for hours how in real time someone makes money.

A source