For total newbies the eToro platform and the principle 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 outcomes as quickly as possible.
The platform and the wider phenomenon of social investing have been widely covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.
The most special function of eToro is probably ‘CopyTrader’. This allows you to sort through other users and plainly see their trading history, including how much they have made or lost over any given period. You can allocate some funds to instantly copy their trades if you find somebody you like the look of.
Another huge plus is the ‘Popular investors’ program. This rewards users based upon how many photo copiers they have in the kind of monthly commission. The program also 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 certainly learn a lot fairly quickly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demo account. Etoro Api From Google Sheets
Take it easy at the start and make sure you understand what you’re doing prior to investing larger quantities of cash. Trading on eToro can be very rewarding but it’s important to note that, whenever you’re handling the marketplaces, you can lose money too (” your capital is at risk”)!