For total newbies the eToro platform and the concept of trading itself can be a little daunting at. With the benefit 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 commonly covered by mainstream media, including a recent BBC documentary called Traders: Millions by the Minute.
The most distinct function 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 actually made or lost over any given duration. You can allocate some funds to automatically copy their trades if you discover somebody you like the appearance of.
Another huge plus is the ‘Popular investors’ program. This rewards users based on how many copiers they have in the kind of monthly commission. The program also incentivises responsible trading, and we’ll discuss this in more depth towards the end of the guide.
So with the social and copying features, you’ll certainly find out a great deal relatively quickly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demo account. Etoro Volume In Chart
Relax at the start and make certain you understand what you’re doing before investing larger amounts of cash. Trading on eToro can be very profitable however it is very important to keep in mind that, whenever you’re dealing with the marketplaces, you can lose cash too (” your capital is at risk”)!