For total novices the eToro platform and the concept of trading itself can be a little daunting at. With the advantage of hindsight and my own individual trading experience on eToro, I wanted to put together a detailed no-nonsense guide to assist others get the best results as quickly as possible.
The platform and the wider phenomenon of social investing have actually been widely covered by mainstream media, including a recent BBC documentary called Traders: Millions by the Minute.
The most distinct feature of eToro is most likely ‘CopyTrader’. This enables you to sort through other users and plainly see their trading history, consisting of how much they have actually made or lost over any given period. If you discover someone you like the appearance of, you can assign some funds to immediately copy their trades.
Another huge plus is the ‘Popular investors’ program. This rewards users based on the number of copiers they have in the kind of regular 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 certainly learn a fantastic offer relatively quickly! Most of the need-to-knows you’ll pick up by reading this guide or playing with a demo account. Etoro Api Moving Average
Relax at the start and make certain you know what you’re doing before investing bigger quantities of money. Trading on eToro can be really successful however it’s important to keep in mind that, whenever you’re dealing with the marketplaces, you can lose money too (” your capital is at danger”)!