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For overall newbies the eToro platform and the concept of trading itself can be a little daunting at. So with the advantage of hindsight and my own individual trading experience on eToro, I wished to put together a comprehensive no-nonsense guide to assist others get the very best results as rapidly as possible. And here it is …

eToro would describe themselves as an accessible trading platform that includes a social component into investing. I ‘d explain them as Facebook for trading. They first went live in 2006, and are now the world’s largest financial investment network with a community of 4.5 million users.

The platform and the larger phenomenon of social investing have been commonly covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.

The most distinct feature of eToro is most likely ‘CopyTrader’. This allows you to arrange through other users and clearly see their trading history, consisting of how much they have made or lost over any given duration. You can allocate some funds to immediately copy their trades if you discover somebody you like the look of.

Another big plus is the ‘Popular financiers’ program. This rewards users based upon how many photo copiers they have in the kind 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 features, you’ll certainly find out a fantastic offer reasonably rapidly! The majority of the need-to-knows you’ll get by playing or reading this guide with a demonstration account. Etoro Advert Actor

Relax at the start and make sure you know what you’re doing before investing larger amounts of money. Trading on eToro can be extremely successful however it’s important to note that, whenever you’re dealing with the marketplaces, you can lose money too (” your capital is at risk”)!