For total beginners the eToro platform and the concept of trading itself can be a little daunting at. So with the advantage of hindsight and my own personal trading experience on eToro, I wished to put together an extensive no-nonsense guide to assist others get the best outcomes as rapidly as possible. And here it is …
eToro would explain themselves as an accessible trading platform that includes a social element 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 larger phenomenon of social investing have been commonly covered by mainstream media, consisting of a current BBC documentary called Traders: Millions by the Minute.
The most special feature of eToro is probably ‘CopyTrader’. This allows you to sort through other users and clearly see their trading history, consisting of how much they have made or lost over any given period. You can allocate some funds to instantly copy their trades if you find someone you like the appearance of.
Another huge plus is the ‘Popular investors’ program. This rewards users based upon the number of copiers they have in the form of month-to-month commission. The program also incentivises responsible trading, and we’ll discuss this in more depth towards completion of the guide.
So with the social and copying functions, you’ll definitely learn a lot reasonably quickly! Most of the need-to-knows you’ll get by reading this guide or playing with a demonstration account. Etoro Minimum Age
Relax at the start and make sure you know what you’re doing before investing larger amounts of money. Trading on eToro can be really lucrative however it is necessary to note that, whenever you’re dealing with the markets, you can lose cash too (” your capital is at threat”)!