For overall novices the eToro platform and the idea of trading itself can be a little intimidating 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 help others get the best results as rapidly as possible.
The platform and the wider phenomenon of social investing have actually been commonly covered by mainstream media, consisting of a current BBC documentary called Traders: Millions by the Minute.
The most special feature of eToro is probably ‘CopyTrader’. This allows 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 find somebody you like the appearance of, you can allocate some funds to instantly 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 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 features, you’ll definitely learn a fantastic deal fairly quickly! Most of the need-to-knows you’ll get by playing or reading this guide with a demonstration account. How To Use Average True Range Etoro
Relax at the start and ensure you know what you’re doing before investing larger quantities of money. Trading on eToro can be extremely rewarding however it’s important to note that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at threat”)!