For total beginners the eToro platform and the concept of trading itself can be a little daunting at. With the advantage of hindsight and my own individual trading experience on eToro, I wanted to put together a thorough no-nonsense guide to help others get the best results as quickly as possible.
The platform and the wider phenomenon of social investing have actually been extensively covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.
The most special feature of eToro is most likely ‘CopyTrader’. This enables you to sort through other users and plainly see their trading history, including how much they have actually made or lost over any given period. If you find somebody you like the look of, you can assign some funds to automatically copy their trades.
Another huge plus is the ‘Popular investors’ program. This rewards users based upon the number of copiers they have in the form of monthly commission. The program likewise incentivises accountable trading, and we’ll discuss this in more depth towards the end of the guide.
With the social and copying functions, you’ll certainly discover a great deal reasonably rapidly! Most of the need-to-knows you’ll pick up by reading this guide or playing with a demonstration account. Best Trading Bots For Etoro
Take it easy at the start and make certain you know what you’re doing before investing bigger quantities of cash. Trading on eToro can be extremely profitable but it is very important to note that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at threat”)!