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For total novices the eToro platform …In Etoro Volume Profile…and the concept of trading itself can be a little intimidating initially. So with the advantage of hindsight and my own personal trading experience on eToro, I wished to create a detailed no-nonsense guide to assist others get the best results as rapidly as possible. And here it is …

eToro would explain themselves as an accessible trading platform that includes a social aspect into investing. I ‘d describe them as Facebook for trading. They initially went live in 2006, and are now the world’s largest investment network with a neighborhood of 4.5 million users.

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

The most special function of eToro is probably ‘CopyTrader’. This enables you to arrange through other users and plainly see their trading history, consisting of just how much they have made or lost over any given period. You can assign some funds to automatically copy their trades if you find someone you like the look of.

Another huge plus is the ‘Popular investors’ program. This rewards users based upon how many copiers they have in the type of regular monthly commission. The program likewise incentivises accountable trading, and we’ll discuss this in more depth towards the end of the guide.

So with the social and copying features, you’ll certainly discover a lot fairly quickly! The majority of the need-to-knows you’ll get by reading this guide or playing with a demo account. In Etoro Volume Profile

Take it easy at the start and make sure you know what you’re doing before investing bigger amounts of money. Trading on eToro can be very profitable however it is necessary to keep in mind that, whenever you’re dealing with the marketplaces, you can lose money too (” your capital is at threat”)!