For total novices the eToro platform and the concept of trading itself can be a little intimidating at. With the advantage of hindsight and my own individual trading experience on eToro, I desired to put together a detailed no-nonsense guide to assist others get the best results as rapidly as possible.
The platform and the larger phenomenon of social investing have been extensively covered by mainstream media, including a recent BBC documentary called Traders: Millions by the Minute.
The most special feature of eToro is probably ‘CopyTrader’. This enables you to arrange through other users and clearly see their trading history, including how much they have made or lost over any given period. You can allocate some funds to instantly copy their trades if you discover somebody you like the look of.
Another big plus is the ‘Popular investors’ program. This rewards users based on the number of copiers they have in the form of 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 learn a great deal reasonably quickly! The majority of the need-to-knows you’ll pick up by reading this guide or playing with a demo account. Etoro Price Not Same As Buy Price
Take it easy at the start and make certain you understand what you’re doing before investing larger amounts of money. Trading on eToro can be extremely profitable however it is essential to keep in mind that, whenever you’re handling the markets, you can lose cash too (” your capital is at danger”)!