For total beginners the eToro platform and the idea of trading itself can be a little daunting at. With the benefit of hindsight and my own personal trading experience on eToro, I wanted to put together a comprehensive no-nonsense guide to help others get the finest results as quickly as possible. And here it is …
eToro would explain themselves as an accessible trading platform that integrates a social aspect into investing. I ‘d describe them as Facebook for trading. They initially went live in 2006, and are now the world’s biggest financial investment network with a community of 4.5 million users.
The platform and the larger phenomenon of social investing have actually been commonly covered by mainstream media, consisting of a current BBC documentary called Traders: Millions by the Minute.
The most unique feature of eToro is probably ‘CopyTrader’. This allows you to sort through other users and clearly see their trading history, including just how much they have made or lost over any given duration. If you find someone you like the look of, you can assign some funds to immediately copy their trades.
Another big plus is the ‘Popular financiers’ program. This rewards users based on the number of copiers they have in the kind of month-to-month 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 functions, you’ll definitely find out a good deal relatively rapidly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demonstration account. Etoro Credits Equity
Relax at the start and make sure you know what you’re doing before investing larger amounts of money. Trading on eToro can be extremely rewarding but it is necessary to note that, whenever you’re handling the markets, you can lose money too (” your capital is at risk”)!