For total novices the eToro platform and the idea of trading itself can be a little daunting at. With the benefit of hindsight and my own personal trading experience on eToro, I desired to put together a thorough no-nonsense guide to help others get the best results as rapidly as possible.
The platform and the larger phenomenon of social investing have been extensively covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.
The most special feature of eToro is most likely ‘CopyTrader’. This allows you to arrange through other users and plainly see their trading history, including how much they have made or lost over any given duration. If you find someone you like the look of, you can allocate some funds to automatically copy their trades.
Another huge plus is the ‘Popular investors’ program. This rewards users based on the number of photo copiers they have in the type of monthly commission. The program likewise incentivises responsible trading, and we’ll discuss this in more depth towards completion of the guide.
With the social and copying features, you’ll certainly find out a terrific deal reasonably quickly! The majority of the need-to-knows you’ll pick up by reading this guide or playing with a demo account. Paul Familiaran Etoro
Take it easy at the start and ensure you understand what you’re doing before investing larger amounts of cash. Trading on eToro can be really successful but it is necessary to note that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at risk”)!