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For overall beginners 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 thorough no-nonsense guide to assist others get the best outcomes as quickly as possible.

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

The most unique feature of eToro is most likely ‘CopyTrader’. This permits you to sort through other users and plainly see their trading history, including how much they have actually made or lost over any given duration. You can allocate some funds to automatically copy their trades if you find somebody you like the appearance of.

Another big plus is the ‘Popular investors’ program. This rewards users based upon how many copiers they have in the form 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 definitely find out a lot fairly rapidly! The majority of the need-to-knows you’ll get by reading this guide or playing with a demonstration account. Is Etoro A Pyramid Scheme

Take it easy at the start and make sure you understand what you’re doing before investing bigger quantities of cash. Trading on eToro can be very profitable but it’s important to keep in mind that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at threat”)!