For total novices the eToro platform and the idea of trading itself can be a little daunting at. With the advantage of hindsight and my own personal trading experience on eToro, I wanted to put together a comprehensive no-nonsense guide to help others get the finest results as quickly as possible.
The platform and the wider phenomenon of social investing have actually been widely covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.
The most unique feature of eToro is most likely ‘CopyTrader’. This allows you to arrange through other users and clearly see their trading history, including just how much they have made or lost over any given period. You can assign some funds to immediately copy their trades if you find somebody you like the look of.
Another huge plus is the ‘Popular investors’ program. This rewards users based on how many copiers they have in the form of month-to-month commission. The program also incentivises accountable trading, and we’ll discuss this in more depth towards completion of the guide.
With the social and copying functions, you’ll certainly discover a terrific offer reasonably quickly! Most of the need-to-knows you’ll pick up by reading this guide or playing with a demo account. Changed Phone And Cant Log Into Etoro
Relax at the start and make sure you know what you’re doing prior to investing bigger quantities of money. Trading on eToro can be very profitable but it’s important to note that, whenever you’re handling the markets, you can lose money too (” your capital is at threat”)!