For overall novices the eToro platform and the principle of trading itself can be a little intimidating at. With the benefit of hindsight and my own individual trading experience on eToro, I wanted to put together a thorough no-nonsense guide to assist others get the best results as quickly as possible. And here it is …
eToro would explain themselves as an available trading platform that incorporates a social element into investing. I ‘d explain them as Facebook for trading. They first went live in 2006, and are now the world’s biggest investment network with a neighborhood of 4.5 million users.
The platform and the larger phenomenon of social investing have been widely 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 arrange through other users and clearly see their trading history, consisting of just how much they have made or lost over any given period. If you discover someone you like the look of, you can allocate some funds to instantly copy their trades.
Another huge plus is the ‘Popular financiers’ program. This rewards users based on the number of copiers they have in the form of monthly commission. The program likewise incentivises responsible trading, and we’ll discuss this in more depth towards the end of the guide.
With the social and copying functions, you’ll definitely find out a terrific offer reasonably quickly! Most of the need-to-knows you’ll get by reading this guide or playing with a demo account. Etoro Contact Number Philippines
Take it easy at the start and make sure you understand what you’re doing before investing larger amounts of cash. Trading on eToro can be very successful but it is very important to note that, whenever you’re handling the markets, you can lose cash too (” your capital is at danger”)!