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

The most unique function of eToro is probably ‘CopyTrader’. This allows you to arrange through other users and clearly 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 allocate some funds to automatically copy their trades.

Another big plus is the ‘Popular investors’ program. This rewards users based upon the number of photo copiers they have in the kind of monthly commission. The program also incentivises accountable trading, and we’ll discuss this in more depth towards completion of the guide.

So with the social and copying functions, you’ll definitely learn a good deal relatively quickly! The majority of the need-to-knows you’ll get by reading this guide or playing with a demo account. How To Wire Transfer Wells Fargo Etoro

Take it easy at the start and make sure you understand what you’re doing prior to investing bigger quantities of cash. Trading on eToro can be really lucrative but it is essential to note that, whenever you’re dealing with the markets, you can lose cash too (” your capital is at danger”)!