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For total beginners the eToro platform and the idea of trading itself can be a little daunting at. With the advantage of hindsight and my own individual trading experience on eToro, I wanted to put together an extensive no-nonsense guide to assist others get the best results as quickly as possible.

The platform and the wider phenomenon of social investing have actually been widely covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.

The most special feature of eToro is probably ‘CopyTrader’. This allows you to arrange through other users and plainly see their trading history, including just how much they have actually made or lost over any given duration. If you find someone you like the look of, you can allocate some funds to automatically copy their trades.

Another huge plus is the ‘Popular investors’ program. This rewards users based on the number of copiers they have in the form of month-to-month commission. The program also incentivises responsible trading, and we’ll discuss this in more depth towards completion of the guide.

With the social and copying functions, you’ll definitely discover a great deal fairly quickly! The majority of the need-to-knows you’ll get by reading this guide or playing with a demo account. How To Transfer Stock From Etrade To Etoro

Relax at the start and ensure you understand what you’re doing prior to investing bigger amounts of money. Trading on eToro can be very lucrative however it is necessary to note that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at threat”)!