For overall newbies the eToro platform and the principle of trading itself can be a little intimidating at. With the advantage of hindsight and my own individual trading experience on eToro, I desired to put together a comprehensive no-nonsense guide to help others get the best results as quickly as possible.
The platform and the larger phenomenon of social investing have been widely covered by mainstream media, including a recent BBC documentary called Traders: Millions by the Minute.
The most distinct function of eToro is probably ‘CopyTrader’. This enables you to sort through other users and plainly see their trading history, including just how much they have actually made or lost over any given period. If you find somebody you like the appearance of, you can allocate some funds to immediately copy their trades.
Another huge plus is the ‘Popular investors’ program. This rewards users based on how many photo copiers they have in the kind of monthly commission. The program also incentivises responsible trading, and we’ll discuss this in more depth towards completion of the guide.
So with the social and copying functions, you’ll certainly discover a great deal reasonably rapidly! Most of the need-to-knows you’ll get by playing or reading this guide with a demo account. Import Etoro Price To Excel
Take it easy at the start and make sure you know what you’re doing before investing bigger amounts of cash. Trading on eToro can be very successful however it is necessary to note that, whenever you’re dealing with the markets, you can lose money too (” your capital is at threat”)!