For overall newbies the eToro platform and the principle of trading itself can be a little intimidating at. With the benefit of hindsight and my own personal trading experience on eToro, I wanted to put together an extensive no-nonsense guide to help others get the best results as quickly as possible.
The platform and the larger phenomenon of social investing have actually been widely covered by mainstream media, consisting of a recent BBC documentary called Traders: Millions by the Minute.
The most special function of eToro is most likely ‘CopyTrader’. This allows you to sort 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 instantly copy their trades if you find someone you like the look of.
Another huge 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 completion of the guide.
So with the social and copying features, you’ll certainly find out a good deal reasonably quickly! Most of the need-to-knows you’ll get by reading this guide or playing with a demonstration account. How To Change My Address On Etoro
Relax at the start and ensure you understand what you’re doing before investing larger quantities of cash. Trading on eToro can be extremely profitable but it is very important to note that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at risk”)!