That all changed about a year earlier.Samuel Ethan Etoro… I was a final year trainee and stumbled upon a platform called eToro which blew open the doors and enabled me to start trading online. eToro is up to 20 times less expensive than traditional stockbrokers, with 0% commission on real stocks.
Sound easy enough? Samuel Ethan Etoro
Well, in fact it’s not all that straight-forward. It’s important for you to understand that I have been on quite a discovering curve. Whilst I’ve been taking pleasure in the whole experience, I have actually likewise made some novice errors.
For overall novices the eToro platform and the principle of trading itself can be a little daunting at. So with the advantage of hindsight and my own personal trading experience on eToro, I wanted to put together an extensive no-nonsense guide to help others get the best results as quickly as possible. And here it is …
eToro would describe themselves as an available trading platform that incorporates a social aspect into investing. I ‘d describe them as Facebook for trading. They initially went reside in 2006, and are now the world’s biggest financial investment network with a neighborhood of 4.5 million users.
The platform and the wider 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 unique feature of eToro is most likely ‘CopyTrader’. This enables you to sort through other users and clearly see their trading history, including just how much they have made or lost over any given period. If you discover somebody 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 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 the end of the guide.
So with the social and copying functions, you’ll certainly learn a lot fairly rapidly! Most of the need-to-knows you’ll get by reading this guide or playing with a demonstration account. Samuel Ethan Etoro
Take it easy at the start and make certain you understand what you’re doing prior to investing larger amounts of cash. Trading on eToro can be very successful but it is necessary to keep in mind that, whenever you’re handling the marketplaces, you can lose money too (” your capital is at threat”)!