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For overall beginners the eToro platform and the principle of trading itself can be a little intimidating at. With the benefit of hindsight and my own individual trading experience on eToro, I desired to put together a detailed no-nonsense guide to assist others get the best results as rapidly as possible.

The platform and the wider phenomenon of social investing have actually been extensively covered by mainstream media, consisting of a current BBC documentary called Traders: Millions by the Minute.

The most unique function of eToro is most likely ‘CopyTrader’. This allows you to arrange through other users and clearly see their trading history, including how much they have made or lost over any given duration. If you discover someone you like the appearance of, you can allocate some funds to immediately copy their trades.

Another big plus is the ‘Popular investors’ program. This rewards users based upon the number of copiers they have in the kind of regular monthly commission. The program also incentivises responsible trading, and we’ll discuss this in more depth towards completion of the guide.

So with the social and copying functions, you’ll certainly learn a great deal relatively rapidly! The majority of the need-to-knows you’ll pick up by reading this guide or playing with a demonstration account. Brd Vs Etoro

Take it easy at the start and ensure you know what you’re doing before investing larger amounts of cash. Trading on eToro can be very profitable but it is very important to keep in mind that, whenever you’re handling the markets, you can lose money too (” your capital is at risk”)!