LONDON, April 4, 2013 /PRNewswire/ --
eToro launches Social Alerts™, a mobile app that notifies users of trading signals generated by the top traders on eToro's social investment network.
eToro, the world's largest investment network, is making it easier than ever for users to harness the wisdom of the crowds through eToro's new Social Alerts™ application, now available for Android and shortly for iOS. This simple yet insightful app keeps users up to date with all the trading activity of Social Gurus on eToro OpenBook™. A Social Guru is a top trader that leads a community of eToro investors who copy their trading actions.
Alerts include the traded market, the direction as well as the take profit and stop loss for each specific trade. In addition, users can tap into the wisdom of the crowd and take advantage of the collective sentiment based on the alert ratings, the number of users that traded using the alert and user comments.
"Rather than relying on trading signals generated by computer algorithms, these alerts are supplied by real people who have put their own money on the line. Not only that, but by using the built in social sentiment you can quickly estimate the quality of the alert based on how many users have converted the alert into a real trading position," said Johnathan Assia, Founder and CEO of eToro.
Social Alerts is the latest innovation in eToro's mobile offering.
eToro is the world's largest investment network, with over 2.5 million registered users in over 200 countries and thousands of new accounts opened each day. eToro leads the social trading revolution through its community powered network, which enables every investor to see, follow and automatically copy the actions of other investors in real time. eToro's mission is to open the financial markets to every individual and make them accessible through a simple, transparent and more profitable way to trade and invest online. By harnessing the wisdom of the crowd every member of eToro's social trading network benefits from accelerated information exchange, knowledge sharing and the ability to quickly identify the best investment opportunities. eToro's Guru Program allows expert and talented traders to earn wide reaching recognition and earn additional income. With a wide range of award-winning mobile and web-based social trading tools eToro appeals to every level of trading expertise, and provides an investment experience like no other before. For more information, visit us at http://www.etoro.com