For overall beginners the eToro platform and the concept of trading itself can be a little intimidating at. So with the advantage of hindsight and my own personal trading experience on eToro, I wanted to create an extensive no-nonsense guide to help others get the very best results as quickly as possible. And here it is …
eToro would describe themselves as an available trading platform that integrates a social aspect into investing. I ‘d describe them as Facebook for trading. They initially went reside in 2006, and are now the world’s biggest financial investment network with a neighborhood of 4.5 million users.
The platform and the larger phenomenon of social investing have actually been extensively covered by mainstream media, including a recent BBC documentary called Traders: Millions by the Minute.
The most unique feature of eToro is probably ‘CopyTrader’. This enables you to sort through other users and clearly see their trading history, including just how much they have made or lost over any given period. If you find someone you like the look of, you can designate some funds to instantly copy their trades.
Another big plus is the ‘Popular financiers’ program. This rewards users based on how many copiers they have in the kind of monthly commission. The program also incentivises accountable 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 good deal relatively quickly! The majority of the need-to-knows you’ll get by playing or reading this guide with a demonstration account. Etoro App Android Keeps Logging Me Out
Take it easy at the start and make sure you know what you’re doing before investing larger quantities of money. Trading on eToro can be really rewarding however it is very important to keep in mind that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at risk”)!