For total newbies the eToro platform and the concept of trading itself can be a little intimidating at. So with the advantage of hindsight and my own individual trading experience on eToro, I wanted to put together a detailed no-nonsense guide to assist others get the very best outcomes as quickly as possible. And here it is …
eToro would describe themselves as an accessible trading platform that includes 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 financial investment network with a neighborhood of 4.5 million users.
The platform and the wider phenomenon of social investing have actually been widely covered by mainstream media, consisting of a recent 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, consisting of just how much they have made or lost over any given period. If you find somebody you like the look of, you can assign some funds to instantly copy their trades.
Another big plus is the ‘Popular investors’ program. This rewards users based upon the number of photo copiers they have in the type 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 certainly learn a great deal relatively quickly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demonstration account. Etoro Declaration Belgique
Take it easy at the start and ensure you understand what you’re doing prior to investing bigger amounts of cash. Trading on eToro can be really profitable however it’s important to note that, whenever you’re dealing with the markets, you can lose cash too (” your capital is at danger”)!