For overall newbies the eToro platform and the concept of trading itself can be a little intimidating at. So with the benefit of hindsight and my own personal trading experience on eToro, I wanted to assemble 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 incorporates a social component into investing. I ‘d describe them as Facebook for trading. They initially went reside in 2006, and are now the world’s biggest investment network with a community of 4.5 million users.
The platform and the wider phenomenon of social investing have actually been commonly 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 permits you to arrange through other users and plainly see their trading history, including how much they have actually made or lost over any given duration. You can assign some funds to immediately copy their trades if you find someone you like the look of.
Another big plus is the ‘Popular financiers’ program. This rewards users based upon how many photo copiers they have in the type of monthly commission. The program likewise incentivises responsible trading, and we’ll discuss this in more depth towards the end of the guide.
So with the social and copying features, you’ll certainly find out a lot relatively rapidly! The majority of the need-to-knows you’ll get by reading this guide or playing with a demo account. Etoro For Belgium
Relax at the start and make certain you know what you’re doing before investing larger quantities of money. Trading on eToro can be really successful but it is very important to keep in mind that, whenever you’re dealing with the marketplaces, you can lose cash too (” your capital is at danger”)!