For overall 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 assist others get the finest results as quickly as possible.
The platform and the broader phenomenon of social investing have been widely covered by mainstream media, including a recent BBC documentary called Traders: Millions by the Minute.
The most special feature of eToro is probably ‘CopyTrader’. This enables 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 period. If you discover somebody you like the look of, you can assign some funds to instantly copy their trades.
Another big plus is the ‘Popular investors’ program. This rewards users based on the number of copiers they have in the kind of regular monthly commission. The program also incentivises accountable trading, and we’ll discuss this in more depth towards the end of the guide.
So with the social and copying functions, you’ll certainly learn a great deal fairly rapidly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demo account. How Can I Pull My Info From Etoro To Excel
Relax at the start and make sure you know what you’re doing before investing bigger amounts of cash. Trading on eToro can be very rewarding but it is very important to note that, whenever you’re dealing with the marketplaces, you can lose cash too (” your capital is at risk”)!