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 thorough no-nonsense guide to help others get the best outcomes as quickly as possible.
The platform and the broader phenomenon of social investing have actually been commonly covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.
The most special function of eToro is probably ‘CopyTrader’. This allows you to sort through other users and clearly see their trading history, consisting of just how much they have actually made or lost over any given duration. If you discover someone you like the look of, you can assign some funds to automatically copy their trades.
Another huge plus is the ‘Popular financiers’ program. This rewards users based on how many photo copiers they have in the form of monthly commission. The program also 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 learn a good deal relatively rapidly! Most of the need-to-knows you’ll get by reading this guide or playing with a demo account. For How Long Can You Keep An Open Position Etoro
Relax at the start and ensure you know what you’re doing before investing larger amounts of money. Trading on eToro can be extremely successful but it is essential to keep in mind that, whenever you’re handling the markets, you can lose cash too (” your capital is at risk”)!