For overall newbies 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 current BBC documentary called Traders: Millions by the Minute.
The most unique feature of eToro is probably ‘CopyTrader’. This allows you to sort through other users and clearly see their trading history, including just how much they have made or lost over any given duration. You can allocate some funds to instantly copy their trades if you discover someone you like the appearance of.
Another huge plus is the ‘Popular financiers’ program. This rewards users based on how many copiers they have in the form of month-to-month 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 functions, you’ll definitely learn a great offer relatively rapidly! Most of the need-to-knows you’ll pick up by playing or reading this guide with a demonstration account. Trading On Etoro From New York
Take it easy at the start and make sure you know what you’re doing before investing larger amounts of cash. Trading on eToro can be really profitable however it is necessary to note that, whenever you’re dealing with the marketplaces, you can lose cash too (” your capital is at risk”)!