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For overall beginners the eToro platform and the principle of trading itself can be a little daunting 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 help others get the best results as quickly as possible.

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

The most distinct feature of eToro is most likely ‘CopyTrader’. This allows you to arrange through other users and plainly see their trading history, including just how much they have actually made or lost over any given duration. If you discover someone you like the look of, you can allocate some funds to instantly 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 also incentivises responsible trading, and we’ll discuss this in more depth towards the end of the guide.

So with the social and copying functions, you’ll definitely find out a great deal reasonably rapidly! The majority of the need-to-knows you’ll get by playing or reading this guide with a demo account. Tobin Tax Etoro

Take it easy at the start and ensure you know what you’re doing prior to investing bigger quantities of money. Trading on eToro can be really lucrative however it is essential to note that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at danger”)!