For overall beginners the eToro platform and the idea of trading itself can be a little intimidating at. So with the advantage of hindsight and my own personal trading experience on eToro, I wished to put together a comprehensive no-nonsense guide to assist others get the best results as quickly as possible. And here it is …
eToro would describe themselves as an available trading platform that incorporates a social component into investing. I ‘d explain them as Facebook for trading. They initially went reside in 2006, and are now the world’s largest financial investment network with a community of 4.5 million users.
The platform and the broader phenomenon of social investing have been commonly covered by mainstream media, including a recent BBC documentary called Traders: Millions by the Minute.
The most special feature of eToro is probably ‘CopyTrader’. This allows you to sort through other users and clearly see their trading history, including how much they have made or lost over any given duration. You can allocate some funds to immediately copy their trades if you find somebody you like the appearance of.
Another huge plus is the ‘Popular investors’ program. This rewards users based on the number of photo copiers they have in the form of monthly commission. The program also incentivises responsible trading, and we’ll discuss this in more depth towards completion of the guide.
With the social and copying functions, you’ll definitely learn an excellent deal fairly rapidly! The majority of the need-to-knows you’ll pick up by reading this guide or playing with a demo account. Etoro 10 How Many Times
Take it easy at the start and ensure you understand what you’re doing prior to investing larger amounts of money. Trading on eToro can be really rewarding however it is necessary to note that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at risk”)!