Welcome to the eToro Trading Guide, where we provide all the information you need to start trading on this popular social trading platform.
All of you are now familiar with the concept of social trading, a platform where you can get in touch with other users of the web.
Well, eToro has managed to develop a trading platform that is also a social platform, thus creating a social trading platform. But note that socializing is only the second main activity that you can do on eToro because the first and most important is always trading, i.e. trading on financial instruments upwards and downwards, in order to get an economic return from your forecasts.
Try it now with a free demo account, then continue with the guide. In this way you will appreciate the examples repeating them by yourself.
In addition to this introductory page, below you will find links to the various sections of the eToro trading guide. You can start by reading this entire page or click directly on the link to the specific page of the guide you are interested in.
- How to subscribe to eToro
- The eToro social trading platform
- Example of trading with eToro
- Social and copy trading functions on eToro
- Self-assessment test on the contents of the guide
Social Network or Trading platform?
Social trading is a real revolution in the industry because since there was online trading, this has always seen only the user interface along with a software platform.
There are no consultants in online trading because everything is automated. The user (trader) places the order using the platform and the broker receives it, then executes it.
With eToro, although this mechanism remains, the trader’s “loneliness” disappears. In fact, if you wish (it is not mandatory!), you can communicate with other traders on the platform in different ways.
But why communicate? For all the reasons you can imagine and more. To ask for advice, for example, but also to comment on the transactions that can be copied from other more experienced traders.
eToro’s Copy Trading:what is it?
Did the last sentence leave you unsettled? You are not the only ones. All of us, when the copy trading was launched, were amazed and wanted to try it for ourselves.
Like us, tens of thousands of users worldwide. The great thing about copy trading is that it can be either passive (i.e. copying) or active (i.e. getting copied).
Even more fascinating is that you can also earn based on users who copy their work. In this way, you can become a guru or popular investor and get extra profits, in addition to those trading.
As you can easily imagine, the number of followers and copiers will almost always be proportional to the positive performance achieved in a given period. So the more results you get, the more users will want to copy their work.
In this regard, it should be noted that the performance data for a given period is publicly shared on the eToro platform. In this way, you can compare as many traders as possible to copy, with a percentage of risk attached.
Copy Portfolio, to copy whatever you want
In addition to the social function and copy trading, eToro has recently launched Copy Portfolio, which are funds with the best assets and traders.
That’s right: in addition to funds with particular underlying assets or funds with the best traders. In this way, in addition to diversifying on the instruments, you can also diversify on traders to be copied.
It is important to underline that the creation of these funds, i.e. the selected assets and traders, is done through an eToro algorithm.
Risk-free Trading with a Demo Account
One of the best ways to test or approach eToro as well as to follow our guide is to open a demo account. This can be done free of charge, as we will see in the first lesson of the course, relating to the registration to eToro.
The demo account allows you to try the platform without risk since you have a virtual budget, which can be used for operations that follow the actual real-time data and is equal to those with a real account.
In this way, in addition to practicing trading, you can evaluate for yourself everything related to and including the platform, such as its graphical structure, a real feather in the cap, as pleasant and easy to consult.
You will be able to see for yourself all the details of the eToro social trading environment, including how to socialize, feedback and evaluate users.
What can I trade with eToro on? As what we will do in our guide, let’s mention here the financial instruments with which we operate on eToro.
The eToro social trading platform allows you to trade with CFDs.
CFDs or Contracts for Difference are financial instruments that replicate the performance of the underlying assets. With eToro you can trade CFDs on stocks, indices, commodities, and currencies.
You can trade on hundreds of stocks in all international markets, as well as on stock and commodity indices. You can also trade on Forex, the currency market, looking for economic results on currency price trends.
Browser and Mobile Trading
eToro can access the eToro trading platform as you can do so either from your browser or via a dedicated app. In any case, you can start from this link and proceed with the information for free registration. If you prefer to consult a step-by-step procedure, please read the first article of the eToro guide.
To conclude this introductory page on eToro’s offer, we would like to point out that eToro also offers the possibility of subscribing to exclusive and confidential Trader Programs in order to benefit from their accurate customer service.
In this regard, the account teams are available to support the investment needs of the client and in any case, need help.
Through this service, you can receive real-time news from major financial sources and market analysis from eToro’s research and analysis team. It is, of course, an additional and optional service, which you can think about if you decide to switch to a real account, to trade with real funds through the online social trading platform eToro.