For overall newbies the eToro platform and the idea of trading itself can be a little intimidating at. With the benefit of hindsight and my own personal trading experience on eToro, I desired to put together a comprehensive no-nonsense guide to help others get the best results as quickly as possible. And here it is …
eToro would explain themselves as an accessible trading platform that incorporates a social element into investing. I ‘d describe them as Facebook for trading. They initially went reside in 2006, and are now the world’s largest financial investment network with a neighborhood of 4.5 million users.
The platform and the broader phenomenon of social investing have been commonly covered by mainstream media, consisting of a recent BBC documentary called Traders: Millions by the Minute.
The most special function of eToro is most likely ‘CopyTrader’. This enables you to arrange through other users and clearly see their trading history, including just how much they have actually made or lost over any given period. You can assign some funds to immediately copy their trades if you find someone you like the look of.
Another huge plus is the ‘Popular financiers’ program. This rewards users based upon the number of copiers they have in the form 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 definitely learn a lot fairly quickly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demonstration account. Does Etoro Drug Test Employees
Relax at the start and make sure you understand what you’re doing before investing larger amounts of money. Trading on eToro can be extremely profitable however it’s important to keep in mind that, whenever you’re dealing with the markets, you can lose money too (” your capital is at danger”)!