For total beginners the eToro platform and the principle of trading itself can be a little intimidating at. With the benefit of hindsight and my own personal trading experience on eToro, I wanted to put together a detailed no-nonsense guide to help others get the best results as quickly as possible.
The platform and the broader phenomenon of social investing have actually 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 sort through other users and plainly see their trading history, consisting of just 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 big plus is the ‘Popular investors’ program. This rewards users based on the number of copiers they have in the form of regular monthly 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 features, you’ll certainly discover an excellent offer reasonably rapidly! The majority of the need-to-knows you’ll pick up by playing or reading this guide with a demonstration account. Where To File A Complaint Against Etoro
Relax at the start and ensure you understand what you’re doing before investing larger amounts of money. Trading on eToro can be very successful but it is essential to note that, whenever you’re handling the marketplaces, you can lose money too (” your capital is at risk”)!