How to open and trade in eToro | eToro For Beginners

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You are currently viewing How to open and trade in eToro | eToro For Beginners

Hello and welcome to my blog! Today I’m going to show you how to open and trade in eToro, one of the most popular and trusted platforms for investing in stocks, crypto, ETFs and more. If you’re looking for a way to diversify your portfolio, learn from other investors and access thousands of assets, then eToro might be the perfect choice for you. Plus, if you use my referral link to sign up, you’ll get a $50 bonus when you make your first deposit!

You can also copy the actions of other successful traders in real time with eToro’s CopyTrader feature. Sounds interesting? Let’s get started!

Sign up for an eToro account

The first thing you need to do is to sign up for an eToro account. You can do this by visiting eToro and clicking on the “Start Investing” button. You can also sign in with your Apple, Facebook or Google account if you prefer. You will need to provide some basic information such as your name, email, phone number and password. You will also need to agree to their terms and conditions and privacy policy.

Verify your identity and address

Before you can start trading on eToro, you will need to verify your identity and address. This is a mandatory step to comply with the anti-money laundering and counter-terrorism financing regulations. You will need to upload a copy of your passport or ID card and a proof of address such as a bank statement or utility bill. You can do this by clicking on the “Complete Profile” button on your dashboard. The verification process may take up to a few days, so please be patient.

Deposit funds into your account

Once your account is verified, you can deposit funds into your account using various methods such as credit card, PayPal, bank transfer or crypto. The minimum deposit amount is $50 for most countries, but it may vary depending on your location and currency. You can check the deposit fees and limits on their website. To deposit funds, click on the “Deposit Funds” button on your dashboard and follow the instructions. Remember, if you use my referral link, you’ll get a $50 bonus on top of your deposit! This will give you access to a free $100,000 virtual portfolio for you to practice with.

Explore the platform and find your trading opportunities

Now that you have funds in your account, you can start exploring the platform and finding your trading opportunities. You can browse through thousands of assets across different categories such as stocks, crypto, ETFs, commodities, currencies and indices. You can also use the search bar to find specific assets or markets. To view more details about an asset, click on its name or icon. You will see its price chart, statistics, news feed, analysis and social sentiment.

Place your trades

When you’re ready to place your trades, you have two options: buy or sell. Buying means that you expect the price of the asset to go up, while selling means that you expect it to go down. You can also choose between two types of orders: market or limit. Market orders execute at the current market price, while limit orders execute at a specific price that you set. To place a trade, click on the “Trade” button on the asset page and enter the amount, leverage, stop loss and take profit parameters. Then click on “Open Trade” or “Set Order” depending on your order type.

Monitor your portfolio and close your trades

After placing your trades, you can monitor your portfolio performance on your dashboard. You can see your balance, equity, profit/loss, margin level and open positions. You can also view your trading history and statements. To close a trade, click on the “X” button next to it and confirm. You will receive a notification when your trade is closed.

You can also join the eToro community and interact with other investors from around the world. You can share your ideas, opinions, strategies and insights with millions of users on the platform. You can also learn from the best by copying the moves of top investors with eToro’s innovative CopyTrader feature.

Related Article : The Take Over Of AI On The Traditional Stock Market

Copy Trading

One of the most exciting features of eToro is copy trading. Copy trading allows you to replicate the actions of other traders automatically in your own portfolio. This way, you can benefit from their expertise and experience without having to do much research or analysis yourself. You can also chat with them, discuss strategies and learn from their knowledge.

To start copy trading, you need to find a trader that matches your investment goals and risk level. You can use the Copy Discover page to search for traders based on various criteria such as performance, risk score, portfolio composition, etc. You can also view their profiles, stats, history and reviews from other copiers.

Once you find a trader that you like, you can click on the COPY button and choose how much money you want to allocate to copy them. The minimum amount is $200 and the maximum is 20% of your equity. You can also set a stop loss limit to protect your capital in case the trader performs poorly. The copied trades will be executed in your portfolio in real time and in direct proportion.

You can copy up to 100 traders at the same time and manage your portfolio as you wish. You can start or stop copying a trader at any time, pause it, add or remove funds, etc. You can also monitor your performance and adjust your strategy accordingly.

Copy trading is a great way to diversify your portfolio and learn from other traders. However, it does not guarantee profits or eliminate risks. You should always do your own research and due diligence before copying anyone. You should also be aware of the fees and charges involved in trading on eToro. To view their complete pricing policy, click here.

Some other cool features of eToro

A multi-asset platform

Choose from a variety of asset classes, including stocks,crypto, ETFs, indices, forex and commodities — all easily managed in a single user-friendly portfolio.

Trade “real” and CFD stocks

eToro offers a variety of leading stocks from the world’s top exchanges. Trade as CFDs when applying leverage and short orders, or buy without leverage to enjoy zero commission..

* Please note: different assets are available in different regions. Please only promote assets that are available in the regions you are targeting.

Trade “real” and CFD crypto

eToro offers a wide range of cryptos, including Bitcoin, Ethereum, Dogecoin and others as well as crypto/fiat and crypto/crypto pairs.

* Please note: different assets are available in different regions. Please only promote assets that are available in the regions you are targeting.

eToro’s reward program for top investors  who build a following of copiers, earning up to 2.5% of their AUM

Smart Portfolios:

Innovative ready-made investment portfolios which offer diversified exposure to leading industries or top traders based on a predetermined theme or strategy.

To stay up to speed with eToro’s latest announcements and new products, visit the eToro blog and Facebook page

As you can see, opening and trading in eToro is very easy and rewarding. eToro is a great platform for beginners and experts alike who want to diversify their portfolio and invest in the future they believe in. So what are you waiting for? Click on my referral link and start your journey today! Happy trading!

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