For overall newbies the eToro platform and the principle 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 create an extensive no-nonsense guide to help others get the best results as rapidly as possible. And here it is …
eToro would describe themselves as an accessible trading platform that incorporates 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 financial investment network with a neighborhood of 4.5 million users.
The platform and the wider phenomenon of social investing have been extensively covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.
The most special feature of eToro is probably ‘CopyTrader’. This permits you to sort through other users and plainly see their trading history, including just how much they have actually made or lost over any given period. You can allocate some funds to automatically copy their trades if you find someone you like the appearance of.
Another big plus is the ‘Popular investors’ program. This rewards users based on how many copiers they have in the form of monthly commission. The program likewise incentivises accountable trading, and we’ll discuss this in more depth towards the end of the guide.
With the social and copying functions, you’ll definitely find out an excellent deal fairly quickly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demo account. Etoro Hawaii
Relax at the start and ensure you understand what you’re doing prior to investing larger quantities of money. Trading on eToro can be really rewarding however it is necessary to keep in mind that, whenever you’re dealing with the marketplaces, you can lose money too (” your capital is at threat”)!