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For overall novices the eToro platform …Etoro Spark…and the idea of trading itself can be a little intimidating at first. So with the benefit of hindsight and my own individual trading experience on eToro, I wanted to create a detailed no-nonsense guide to assist others get the best results as quickly as possible. And here it is …

eToro would describe themselves as an available trading platform that integrates a social element into investing. I ‘d explain 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 been extensively covered by mainstream media, consisting of a current BBC documentary called Traders: Millions by the Minute.

The most unique function of eToro is most likely ‘CopyTrader’. This permits you to arrange through other users and clearly see their trading history, including 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 appearance of.

Another huge plus is the ‘Popular financiers’ program. This rewards users based upon the number of copiers they have in the kind of regular monthly commission. The program likewise incentivises responsible trading, and we’ll discuss this in more depth towards completion of the guide.

So with the social and copying features, you’ll definitely find out a lot relatively rapidly! Most of the need-to-knows you’ll get by reading this guide or playing with a demo account. Etoro Spark

Relax at the start and ensure you know what you’re doing before investing bigger quantities of cash. Trading on eToro can be very rewarding however it is very important to note that, whenever you’re handling the markets, you can lose money too (” your capital is at threat”)!