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For total beginners the eToro platform and the principle of trading itself can be a little intimidating at. With the benefit of hindsight and my own individual trading experience on eToro, I wanted to put together an extensive 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 widely covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.

The most distinct feature of eToro is probably ‘CopyTrader’. This enables you to arrange through other users and plainly see their trading history, including how much they have made or lost over any given period. You can assign some funds to immediately copy their trades if you discover somebody you like the look of.

Another big plus is the ‘Popular financiers’ program. This rewards users based on how many copiers they have in the type of regular monthly commission. The program likewise incentivises accountable trading, and we’ll discuss this in more depth towards completion of the guide.

So with the social and copying features, you’ll certainly discover a lot relatively quickly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demo account. Etoro Websocket Tutorial

Take it easy at the start and make certain you understand what you’re doing prior to investing larger quantities of cash. Trading on eToro can be very lucrative however it’s important to keep in mind that, whenever you’re handling the marketplaces, you can lose money too (” your capital is at danger”)!