For total newbies the eToro platform and the concept of trading itself can be a little intimidating at. With the advantage of hindsight and my own personal trading experience on eToro, I desired to put together a comprehensive no-nonsense guide to assist others get the best results as rapidly as possible.
The platform and the broader phenomenon of social investing have been extensively covered by mainstream media, consisting of a current BBC documentary called Traders: Millions by the Minute.
The most unique function of eToro is probably ‘CopyTrader’. This enables you to sort through other users and plainly see their trading history, consisting of how much they have made or lost over any given period. If you discover somebody you like the look of, you can assign some funds to instantly copy their trades.
Another big plus is the ‘Popular financiers’ program. This rewards users based upon the number of photo copiers they have in the form of month-to-month commission. The program also incentivises accountable trading, and we’ll discuss this in more depth towards completion of the guide.
So with the social and copying functions, you’ll definitely find out a good deal reasonably quickly! Most of the need-to-knows you’ll pick up by reading this guide or playing with a demonstration account. Etoro Cyprus Office
Take it easy at the start and ensure you understand what you’re doing before investing larger amounts of cash. Trading on eToro can be extremely successful but it is very important to note that, whenever you’re dealing with the markets, you can lose money too (” your capital is at danger”)!