For overall beginners 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 create a detailed no-nonsense guide to help others get the very best results as rapidly as possible. And here it is …
eToro would describe themselves as an available trading platform that includes a social aspect into investing. I ‘d describe them as Facebook for trading. They first 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 widely covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.
The most unique feature of eToro is probably ‘CopyTrader’. This enables you to arrange 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 assign some funds to automatically copy their trades if you find somebody you like the appearance of.
Another huge plus is the ‘Popular investors’ program. This rewards users based on how many copiers they have in the kind of monthly commission. The program also 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 certainly discover a terrific deal fairly rapidly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demonstration account. Etoro Investment Club
Take it easy at the start and ensure you understand what you’re doing prior to investing larger quantities of cash. Trading on eToro can be very lucrative but it is very important to note that, whenever you’re handling the markets, you can lose money too (” your capital is at threat”)!