The past year. Past performance ..Etoro Ÿ™Ÿ¨Ÿ±Ÿ®Ÿ©…is not an indication of future outcomes. Trading history provided is less than 5 total years and might not be enough as basis for financial investment decision. This is not investment guidance.|My performance over the previous year. Trading history provided is less than 5 total years and may not be enough as basis for financial investment choice.}
Sound easy enough? Etoro Ÿ™Ÿ¨Ÿ±Ÿ®Ÿ©
Well, actually it’s not all that straight-forward. It’s important for you to know that I have been on rather a learning curve. Whilst I’ve been taking pleasure in the whole experience, I’ve likewise made some rookie mistakes.
For total beginners the eToro platform and the concept of trading itself can be a little intimidating initially. So with the benefit of hindsight and my own individual trading experience on eToro, I wished to assemble a thorough no-nonsense guide to assist others get the very best results as rapidly as possible. And here it is …
eToro would explain themselves as an accessible trading platform that integrates a social aspect into investing. I ‘d explain them as Facebook for trading. They initially went live in 2006, and are now the world’s largest financial investment network with a community of 4.5 million users.
The platform and the broader phenomenon of social investing have been widely covered by mainstream media, consisting of a current BBC documentary called Traders: Millions by the Minute.
The most special 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. If you discover somebody you like the look of, you can assign some funds to instantly copy their trades.
Another big plus is the ‘Popular investors’ program. This rewards users based on the number of photo copiers they have in the type of month-to-month commission. The program also incentivises accountable trading, and we’ll discuss this in more depth towards the end of the guide.
So with the social and copying functions, you’ll certainly learn a good deal fairly quickly! Most of the need-to-knows you’ll get by playing or reading this guide with a demo account. Etoro Ÿ™Ÿ¨Ÿ±Ÿ®Ÿ©
Take it easy at the start and make sure you know what you’re doing before investing bigger quantities of money. Trading on eToro can be very lucrative but it is necessary to keep in mind that, whenever you’re handling the markets, you can lose cash too (” your capital is at danger”)!