For total beginners the eToro platform and the concept of trading itself can be a little daunting at. So with the benefit of hindsight and my own individual trading experience on eToro, I wished to assemble a detailed no-nonsense guide to assist others get the best results as rapidly as possible. And here it is …
eToro would describe themselves as an available trading platform that includes a social element into investing. I ‘d describe them as Facebook for trading. They first 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 actually been widely 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 arrange through other users and clearly see their trading history, including how much they have made or lost over any given duration. If you discover someone you like the look of, you can designate some funds to automatically copy their trades.
Another huge plus is the ‘Popular investors’ program. This rewards users based upon the number of copiers they have in the form of regular monthly commission. The program likewise incentivises responsible trading, and we’ll discuss this in more depth towards completion of the guide.
So with the social and copying features, you’ll definitely find out a good deal fairly rapidly! The majority of the need-to-knows you’ll get by reading this guide or playing with a demo account. Transfer Crypto From Revolut To Etoro
Take it easy at the start and ensure you understand what you’re doing prior to investing larger quantities of cash. Trading on eToro can be really profitable however it is very important to note that, whenever you’re handling the marketplaces, you can lose cash too (” your capital is at threat”)!