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For total newbies the eToro platform …L√Negrad Etoro…and the concept of trading itself can be a little intimidating in the beginning. So with the advantage of hindsight and my own individual trading experience on eToro, I wished to assemble an extensive no-nonsense guide to assist others get the very best results as rapidly as possible. And here it is …

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

The platform and the wider phenomenon of social investing have been widely covered by mainstream media, including a recent 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 clearly see their trading history, including how much they have actually made or lost over any given period. You can allocate some funds to instantly copy their trades if you discover someone you like the appearance of.

Another big plus is the ‘Popular investors’ program. This rewards users based upon the number of copiers they have in the kind 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 certainly discover a great offer reasonably rapidly! The majority of the need-to-knows you’ll pick up by reading this guide or playing with a demo account. L√Negrad Etoro

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