For total novices the eToro platform and the idea of trading itself can be a little daunting at. With the advantage of hindsight and my own personal trading experience on eToro, I wanted to put together a detailed no-nonsense guide to help others get the finest outcomes as rapidly as possible.
The platform and the wider phenomenon of social investing have been widely covered by mainstream media, consisting of a recent BBC documentary called Traders: Millions by the Minute.
The most special function of eToro is probably ‘CopyTrader’. This permits you to sort through other users and clearly see their trading history, including how much they have made or lost over any given period. You can designate some funds to instantly copy their trades if you find somebody you like the appearance of.
Another big plus is the ‘Popular investors’ program. This rewards users based on how many copiers they have in the form of regular monthly commission. The program also incentivises responsible trading, and we’ll discuss this in more depth towards completion of the guide.
With the social and copying functions, you’ll definitely discover a terrific offer fairly rapidly! Most of the need-to-knows you’ll get by reading this guide or playing with a demo account. Etoro Stop Order
Take it easy at the start and make sure you know what you’re doing before investing larger quantities of cash. Trading on eToro can be very profitable but it is very important to note that, whenever you’re dealing with the markets, you can lose cash too (” your capital is at threat”)!