eToro Copy Traders’ Safe Haven Bets Last Friday Netted Profitable Returns
Posted: Tue Jun 28, 2016 10:16 am
With over 5 million registered members from 140 different countries, leading social trading network, eToro, shares insight with Finance Magnates from its CEO Yonia Assia, following the market volatility from last week’s Brexit vote in the UK.
The majority of copy traders on eToro were apparently profitable in the immediate aftermath of the vote, even though several trillions of dollars of wealth were wiped off global indices.
The profitable trades were described as a result of traders copying investors in the eToro network who were positioning their portfolios with bets into perceived safe-haven assets leading into Brexit and which netted ... (read more)