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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 comprehensive no-nonsense guide to assist others get the best outcomes as rapidly as possible.

The platform and the broader phenomenon of social investing have been widely covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.

The most unique function of eToro is probably ‘CopyTrader’. This allows you to sort through other users and plainly see their trading history, consisting of how much they have actually made or lost over any given duration. You can designate some funds to instantly copy their trades if you discover someone you like the appearance of.

Another big plus is the ‘Popular investors’ program. This rewards users based on the number of copiers they have in the type 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 features, you’ll definitely learn a terrific offer fairly quickly! Most of the need-to-knows you’ll get by playing or reading this guide with a demo account. Etoro Wont Let Me Link My Usaa

Relax at the start and make sure you know what you’re doing before investing larger amounts of money. Trading on eToro can be really profitable but 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”)!