For overall beginners the eToro platform and the concept 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 detailed no-nonsense guide to help others get the best results as rapidly as possible.
The platform and the broader phenomenon of social investing have actually been extensively covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.
The most distinct function of eToro is most likely ‘CopyTrader’. This allows you to sort through other users and plainly see their trading history, including how much they have actually made or lost over any given duration. If you find somebody you like the look of, you can allocate some funds to instantly copy their trades.
Another huge plus is the ‘Popular investors’ program. This rewards users based on the number of copiers they have in the type of monthly commission. The program likewise incentivises responsible trading, and we’ll discuss this in more depth towards the end of the guide.
So with the social and copying features, you’ll definitely learn a lot relatively rapidly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demonstration account. Etoro Annual Report
Take it easy 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 is necessary to note that, whenever you’re dealing with the marketplaces, you can lose money too (” your capital is at risk”)!