Hot To Get Started With eToro

The world of online trading can be overwhelming, especially for newcomers. It's not easy for them to jump right into the trading world.

There are a lot to know, a lot to learn about this complicated world. But all of this can be easy for you if you have a user-friendly platform to guide you. And that's why eToro is much popular among new traders.

Despite being a super easy platform, new traders have some queries about getting started with eToro. Here are 3 recommended ways that you can get started with eToro:

Copy other investors & traders 

CopyTrading is perhaps the most interesting feature on this platform. Since 2010, eToro gave their traders the use of CopyTrading feature.

With CopyTrading, one trader can easily see what experienced, and expert traders are doing with the market. If you think that their strategy is on-point and you can do some good with their plans, eToro lets you copy and implement them to your account.

Not only will you get their actions in your account at that time, but also in the future, all their actions get to your portfolio in real time. So whatever the trader does, your account does that too. And if you don't find their actions helpful, you can choose someone else at any time.

As all the information, data, and statistics are available for everyone to see, it is easier to analyze them to predict few marketing factors. 

Also, the popular investors get rewards as they gain more and more copiers.

Practice with your virtual account 

Not everyone is well aware of the market risk, strategies or other factors. That’s why they are more likely to make a mistake with their investment.

But eToro has you covered.

As soon as you sign up on their platform, you are given a virtual account with $10,000. With this account, you can easily practice investing on the market without losing any actual money.

This is a great way to train yourself for the competitive market. Practice investing, lose money, earn a profit, and much more without spending your actual cash.

Start Investing or trading manually

When you are done investing your virtual money in your virtual account, you can begin to trade or invest for real. But make sure you have all the necessary information about the platform before putting your money at stake.

But once you know everything you need, it’s not much difficult to put your stake on the market manually. eToro platform includes many features like stop loss, short orders, technical analysis, etc. These features are a great help to ensure easy trading for traders.

You can create a watch-list for you to follow all your favorite asset with eToro platform. You can also get real-time updates about them on your phones right away. Track each asset's performance with the detailed charts. Besides, you can use the unique ProCharts tool to create layouts that compare asset over various time periods. If you want, you can save them too and open to see again when you need those personalized layouts.

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