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For overall novices the eToro platform and the principle 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 best outcomes as rapidly as possible. And here it is …

eToro would describe themselves as an accessible trading platform that integrates a social element into investing. I ‘d explain them as Facebook for trading. They initially went live in 2006, and are now the world’s biggest investment network with a community of 4.5 million users.

The platform and the larger phenomenon of social investing have actually been extensively covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.

The most distinct feature of eToro is probably ‘CopyTrader’. This enables you to sort through other users and clearly see their trading history, including how much they have actually made or lost over any given duration. You can allocate some funds to automatically copy their trades if you find someone you like the look of.

Another big plus is the ‘Popular investors’ program. This rewards users based upon how many 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 completion of the guide.

So with the social and copying features, you’ll definitely discover a great deal reasonably quickly! Most of the need-to-knows you’ll get by playing or reading this guide with a demo account. Etoro Etoro Vs Wealthify

Take it easy at the start and make certain you understand what you’re doing prior to investing larger quantities of cash. Trading on eToro can be very successful however it is necessary to keep in mind that, whenever you’re dealing with the markets, you can lose money too (” your capital is at danger”)!