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The platform and the wider phenomenon of social investing have actually been commonly covered by mainstream media, consisting of a recent BBC documentary called Traders: Millions by the Minute.

The most distinct function of eToro is most likely ‘CopyTrader’. This enables you to arrange through other users and plainly see their trading history, consisting of just how much they have actually made or lost over any given period. You can designate some funds to instantly copy their trades if you find someone you like the look of.

Another big plus is the ‘Popular investors’ program. This rewards users based on the number of copiers they have in the type of regular monthly commission. The program likewise incentivises responsible trading, and we’ll discuss this in more depth towards the end of the guide.

So with the social and copying features, you’ll definitely discover a lot fairly quickly! Most of the need-to-knows you’ll get by playing or reading this guide with a demonstration account. Etoro Wall Street Journal Subscription

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 successful but it is essential to keep in mind that, whenever you’re dealing with the markets, you can lose money too (” your capital is at risk”)!