That all altered about a year back.Etoro —Å–∫–∞–º… I was a final year student and came across a platform called eToro which blew open the doors and allowed me to begin trading online. eToro is up to 20 times cheaper than traditional stockbrokers, with 0% commission on genuine stocks.
Sound easy enough? Etoro —Å–∫–∞–º
Well, really it’s not all that straight-forward. It is essential for you to know that I have been on rather a learning curve. Whilst I have actually been taking pleasure in the whole experience, I have actually likewise made some novice errors.
For overall beginners the eToro platform and the concept of trading itself can be a little intimidating at. With the advantage of hindsight and my own personal trading experience on eToro, I desired to put together a comprehensive no-nonsense guide to assist others get the best outcomes as quickly as possible.
The platform and the larger phenomenon of social investing have been extensively covered by mainstream media, including a recent 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 actually made or lost over any given period. If you discover someone you like the look of, you can assign some funds to immediately copy their trades.
Another big plus is the ‘Popular investors’ program. This rewards users based upon how many photo copiers they have in the form of regular monthly commission. The program also incentivises accountable trading, and we’ll discuss this in more depth towards the end of the guide.
With the social and copying functions, you’ll certainly discover a great deal fairly rapidly! The majority of the need-to-knows you’ll get by playing or reading this guide with a demo account. Etoro —Å–∫–∞–º
Relax at the start and ensure you know what you’re doing prior to investing bigger amounts of cash. Trading on eToro can be extremely lucrative but it is essential to keep in mind that, whenever you’re handling the marketplaces, you can lose money too (” your capital is at threat”)!