For overall beginners the eToro platform and the idea of trading itself can be a little daunting at. With the advantage of hindsight and my own personal trading experience on eToro, I desired to put together a detailed no-nonsense guide to help others get the finest results as rapidly as possible.
The platform and the wider 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 distinct feature of eToro is probably ‘CopyTrader’. This allows you to arrange 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 immediately copy their trades if you discover somebody you like the appearance of.
Another huge plus is the ‘Popular investors’ program. This rewards users based upon how many copiers they have in the type of 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 features, you’ll certainly discover a terrific deal fairly quickly! Most of the need-to-knows you’ll get by playing or reading this guide with a demonstration account. Etoro Commodity Channel Index
Take it easy at the start and make sure you understand what you’re doing before investing bigger quantities of money. Trading on eToro can be extremely profitable but it’s important to keep in mind that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at danger”)!