For overall newbies the eToro platform and the concept of trading itself can be a little daunting at. With the benefit of hindsight and my own individual 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 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 unique feature of eToro is probably ‘CopyTrader’. This permits you to sort through other users and plainly see their trading history, including just how much they have made or lost over any given period. If you discover somebody you like the look of, you can assign some funds to immediately copy their trades.
Another big plus is the ‘Popular investors’ program. This rewards users based on the number of photo copiers they have in the kind of monthly commission. The program also incentivises accountable trading, and we’ll discuss this in more depth towards completion of the guide.
With the social and copying functions, you’ll certainly discover an excellent deal relatively quickly! Most of the need-to-knows you’ll get by reading this guide or playing with a demo account. How To Transfer Cash From Etoro To Binance
Relax at the start and make sure you understand what you’re doing prior to investing larger quantities of cash. Trading on eToro can be very lucrative but it is essential to keep in mind that, whenever you’re dealing with the markets, you can lose money too (” your capital is at danger”)!