For total novices the eToro platform and the principle of trading itself can be a little daunting at. With the benefit 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 outcomes as quickly 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 special feature of eToro is most likely ‘CopyTrader’. This allows you to arrange through other users and plainly see their trading history, including how much they have actually made or lost over any given duration. If you find someone you like the look of, you can assign some funds to immediately copy their trades.
Another huge plus is the ‘Popular investors’ program. This rewards users based on how many copiers they have in the type 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 features, you’ll certainly learn a great deal relatively quickly! Most of the need-to-knows you’ll pick up by reading this guide or playing with a demonstration account. How Did Etoro Get So Popular
Relax at the start and ensure you understand what you’re doing before investing bigger amounts of cash. Trading on eToro can be extremely successful however it is essential to keep in mind that, whenever you’re handling the marketplaces, you can lose money too (” your capital is at danger”)!