For total newbies the eToro platform and the idea of trading itself can be a little intimidating at. So with the benefit of hindsight and my own individual trading experience on eToro, I wished to put together a comprehensive no-nonsense guide to assist others get the best outcomes as quickly as possible. And here it is …
eToro would explain themselves as an accessible trading platform that incorporates a social aspect into investing. I ‘d describe them as Facebook for trading. They initially went live in 2006, and are now the world’s biggest financial 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, consisting of 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 just how much they have actually made or lost over any given duration. If you find somebody you like the appearance of, you can designate some funds to automatically copy their trades.
Another huge plus is the ‘Popular financiers’ program. This rewards users based upon how many photo copiers they have in the form of regular monthly 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 certainly find out a lot relatively quickly! Most of the need-to-knows you’ll get by playing or reading this guide with a demo account. Etoro How To Download The Transactions From In A Csv File
Take it easy at the start and ensure you know what you’re doing prior to investing larger quantities of money. Trading on eToro can be really rewarding however it is essential to note that, whenever you’re dealing with the markets, you can lose cash too (” your capital is at risk”)!