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How to invest in the stock,forex market using eToro (past one)



Fancy yourself as the next Warren Buffett? Unlock the new world of social trading with our complete guide to investing and copying top traders on eToro.charging bull
I’ve always had an interest in the financial markets but, like most of us, I had no real idea how to break through the castle walls and actually trade. The gatekeepers of Wall St. and The City have forever been committed to keeping the masses at bay so they can charge their hefty trading fees (The Wolf of Wall Street – true story).
That all changed about a year ago. I was a final year student looking to earn a few extra quid, and came across a platform called eToro which blew open the doors and allowed me to start trading online.
Since then I’ve risen through the ranks of eToro and today have hundreds of people who follow and copy my trades because of my healthy and consistent gains.
eToro profile
My performance over the past year
In the past 12 months I’ve more than doubled my initial investment (123%) as well as earning an additional $1,800 by becoming a ‘Popular investor’ (more on that later).

Sound easy enough?

Well, actually it’s not all that straight-forward. It’s important for you to know that I have been on quite a learning curve. Whilst I’ve been making good money (and enjoying the whole experience), I’ve also made some rookie mistakes.
For total beginners the eToro platform and the concept of trading itself can be a little daunting at first. So with the benefit of hindsight and my own personal trading experience on eToro, I wanted to put together a comprehensive no-nonsense guide to help others get the best results as quickly as possible. And here it is…

What’s on this page:

  • What is eToro?
  • Getting started
  • Copying other traders
  • Trading well yourself
  • Becoming a Popular Investor
  • Understanding (and reducing) the costs
  • Avoiding common mistakes
  • Useful resources

What is eToro?

etoro logoeToro would describe themselves as an accessible trading platform that incorporates a social element into investing. I’d describe them as Facebook for trading. They first went live in 2006, and are now the world’s largest investment network with a community of 3 million users and 130 million trades so far.
The platform and the wider phenomenon of social investing have been widely covered by mainstream media, including a recent BBC documentary called Traders: Millions by the Minute.
The most unique feature of eToro is probably ‘CopyTrader‘. This allows you to sort through other users and plainly see their trading history, including how much they have made or lost over any given period. If you find someone you like the look of, you can allocate some funds to automatically copy their trades. and have explored the site a little,

Another big plus is the ‘Popular investors‘ program. This rewards users based on how many copiers they have in the form of monthly commission (up to $10,000 a month!). The program also incentivises safe and responsible trading, and we’ll discuss this in more depth towards the end of the guide.
So with the social and copying features, really very little financial knowledge is needed to get started, but you’ll certainly learn a great deal relatively quickly! Most of the need-to-knows you’ll pick up by reading this guide or playing with a demo account.
chart risingTake it easy at the start and make sure you know what you’re doing before investing larger amounts of money. Trading on eToro can be very profitable (and this guide will help you achieve this) but it’s important to note that, whenever you’re dealing with the markets, you can lose money too (“your capital is at risk”)!

Getting started

  1. Sign up for eToro.com

    No lengthy paperwork here, it’s free and really very straightforward! You can either join using your Facebook account or simply enter a username, email address and password.
    You’ve now opened up the world of real-time trading :) You’ll be taken to ‘My Feed’ which will be empty since you haven’t yet followed any traders.
    Register on eToro
  2. Deposit

    You don’t need to make any deposits now if you don’t want to, you might want to get familiar with it all first. However since this is a guide about investing within eToro, you will of course need to make an initial deposit to do this.
    Click on ‘Fund your account’ in the top right to make a deposit. The minimum you can deposit is $50 but I recommend you start with at least $200 if possible. The main reason for this is that you need $100 to copy someone and you don’t want to put all your eggs in one basket.
    Note: eToro’s main currency is $USD but you can deposit in £GBP and other major currencies. It will be converted to $USD in your account.
  3. Familiarising yourself with the platform

    I’ll just give you a very quick overview of the main sections of eToro for now. We’ll delve more into each one later as I explain how to browse and trade in detail.
    etoro navigationeToro logo
    Click here to see ‘My Feed’. This is just like your news feed on Facebook, where you can see everything the traders you follow have been doing and saying recently.
    People
    The heart of the community. Search through other traders who you may want to copy or follow. There are loads of useful filters to help narrow down to the results you want, such as markets and performance.
    Markets
    The place to research the markets available to you: stocks (eg. Apple), currencies (eg. GBP/USD), commodities (eg. gold) and indices (eg. UK100). You can only purchase stocks here.
    Trading
    Clicking this will open a new window called the ‘WebTrader’. This is the actual trading platform for all markets except for stocks. You can also monitor your profit/loss and open/closed trades.
    More
    Hover here to access eToro’s trading academy, withdraw funds, see special promotions, refer friends, view FAQs and the like.

    Bonus: Free tips & special promotions

    Join my personal mailing list for the latest tips, strategies and exclusive promotional codes. I don’t email often, but when I do it’s worth knowing about, so don’t miss out!
 >>How to invest in the stock,forex market using eToro (past two)
>>5 Quick Steps To Avoid Mistakes when invest capital in etoro 
>>Currency Trading! Manuals etoro easy £1349 Last Month on eToro, Working Just 4h!
>>9 Lessons for basic forex players

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