We understand that… How Much Money Should I Put On My Etoro Account?…
Here are our top findings on eToro:
eToro was founded in 2007 and is managed in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (low-risk) for trading forex and CFDs.
eToro is exceptional for social copy trading and cryptocurrency trading, and is
Exchange-Traded Securities: In addition to trading CFD shares, eToro also provides zero-dollar commission for US stock trading (not readily available to United States investors) and supports fractional shares. For more information, see our UK.StockBrokers.com review of eToro.
I’ve always had an interest in the monetary markets but, like most of us, I had no genuine idea how to break through the castle walls and in fact trade. The gatekeepers of Wall St. and The City have permanently been devoted to keeping the masses at bay so they can charge their substantial trading costs (The Wolf of Wall Street — real story).
That all changed about a year earlier. I was a last year student and discovered a platform called eToro which blew open the doors and allowed me to begin trading online. eToro is up to 20 times cheaper than standard stockbrokers, with 0% commission on genuine stocks.
Sound easy enough? How Much Money Should I Put On My Etoro Account?
Well, actually it’s not all that straight-forward. It is essential for you to know that I have been on rather a finding out curve. Whilst I’ve been enjoying the whole experience, I have actually also made some rookie mistakes.
For total beginners the eToro platform and the concept of trading itself can be a little intimidating in the beginning. So with the benefit of hindsight and my own personal trading experience on eToro, I wished to put together an extensive no-nonsense guide to assist others get the very best results as quickly as possible. And here it is …
eToro would describe themselves as an accessible trading platform that incorporates a social component 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 larger phenomenon of social investing have actually been extensively covered by mainstream media, including a current BBC documentary called Traders: Millions by the Minute.
The most distinct function of eToro is most likely ‘CopyTrader’. This enables you to sort through other users and plainly see their trading history, including how much they have actually made or lost over any given period. If you discover someone you like the look of, you can designate some funds to immediately copy their trades.
So with the social and copying features, you’ll definitely discover a great deal fairly rapidly! The majority of the need-to-knows you’ll pick up by playing or reading this guide with a demo account. How Much Money Should I Put On My Etoro Account?