eToro is more than an online broker. It is a robust web of social investment, which can be used to select thousands of experienced investors around the world and copy their operations. This way, users can make use of the talent and experience of the best traders and get assistance from them, and at the same time, learn to invest in the stock market by analysing their operations.
Some users like to invest by buying something that will economically benefit them in a long-term future.Others prefer to speculate in the stock market, which is buying a good stock and hoping its price will go up shortly so they can sell it and get its benefits earlier.
After signing up for eToro.com and making your first deposit (The minimum deposit is $200), it is recommended to spend $100 to copy someone. A good thing to point out is, try to avoid searching for the 'most copied' and blindly copy the top results. If a few people copy a trader for the wrong reasons, that trader can quickly 'go viral'.
Once you find a trader who you feel is reliable, open their profile and click onto the blue 'copy' button. Enter an amount with which to copy that trader, and some useful information will appear (Like copying open trades, the average copied trade size depends on the amount you're spending and, stop copying if losses exceed "x" amount).
If you copy a trader with $100, then the "Average copied trade size" leads to how the copying works in real dollar terms. For example, if you send $100 and the average copied trade size shows $2.28, each trade you copy would be $2.28, just 2.28% of the total ($2.28 out of the $100) of your total investment.
In the portfolio tab, you will be able to see your open trades, the actual trading area. Here you have access to all your current open positions (and can close them) and can keep track of your record of trading history.
Once you have enough experience trading with eToro and have received some benefits from copying other traders, you might want to start thinking about making your own trades.
Even though you'll need to work a bit harder and do your own research, you don't need to be a financial genius with decades of experience to make money trading yourself.
After researching and picking stocks or companies you believe are in a healthy and robust position to resist market shocks and therefore want to invest in, you canclick on 'Trade Markets', then 'Stocks', then 'Industry'. Choose an industry, and you will then, be presented with a list of all consumer goods stocks tradable on eToro, along with their respective prices.
After you have chosen a stock to invest in, click on the 'Trade' button in the top right corner, enter the amount and click 'Set Order'. And remember to check the portfolio tab to see your open positions.
Some users like to invest by buying something that will economically benefit them in a long-term future.Others prefer to speculate in the stock market, which is buying a good stock and hoping its price will go up shortly so they can sell it and get its benefits earlier.
After signing up for eToro.com and making your first deposit (The minimum deposit is $200), it is recommended to spend $100 to copy someone. A good thing to point out is, try to avoid searching for the 'most copied' and blindly copy the top results. If a few people copy a trader for the wrong reasons, that trader can quickly 'go viral'.
Once you find a trader who you feel is reliable, open their profile and click onto the blue 'copy' button. Enter an amount with which to copy that trader, and some useful information will appear (Like copying open trades, the average copied trade size depends on the amount you're spending and, stop copying if losses exceed "x" amount).
If you copy a trader with $100, then the "Average copied trade size" leads to how the copying works in real dollar terms. For example, if you send $100 and the average copied trade size shows $2.28, each trade you copy would be $2.28, just 2.28% of the total ($2.28 out of the $100) of your total investment.
In the portfolio tab, you will be able to see your open trades, the actual trading area. Here you have access to all your current open positions (and can close them) and can keep track of your record of trading history.
Once you have enough experience trading with eToro and have received some benefits from copying other traders, you might want to start thinking about making your own trades.
Even though you'll need to work a bit harder and do your own research, you don't need to be a financial genius with decades of experience to make money trading yourself.
After researching and picking stocks or companies you believe are in a healthy and robust position to resist market shocks and therefore want to invest in, you canclick on 'Trade Markets', then 'Stocks', then 'Industry'. Choose an industry, and you will then, be presented with a list of all consumer goods stocks tradable on eToro, along with their respective prices.
After you have chosen a stock to invest in, click on the 'Trade' button in the top right corner, enter the amount and click 'Set Order'. And remember to check the portfolio tab to see your open positions.
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