For overall newbies the eToro platform and the concept of trading itself can be a little intimidating at. With the benefit of hindsight and my own personal trading experience on eToro, I wanted to put together a comprehensive no-nonsense guide to help others get the best results as quickly as possible.
The platform and the broader 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 special feature of eToro is probably ‘CopyTrader’. This allows you to sort through other users and plainly see their trading history, including just how much they have made or lost over any given duration. You can allocate some funds to automatically copy their trades if you find someone you like the look of.
Another big plus is the ‘Popular financiers’ program. This rewards users based on the number of copiers they have in the kind of regular monthly 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 certainly find out a great deal fairly rapidly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demo account. Etoro New Listing
Take it easy at the start and ensure you understand what you’re doing before investing larger quantities of money. Trading on eToro can be really successful but it’s important to note that, whenever you’re dealing with the marketplaces, you can lose cash too (” your capital is at risk”)!