How eToro works: the best broker for

How eToro works: the best broker for

Update March 26, 2023

Due to recent development and market conditions, we perro no longer recommend Etoro. So we suggest that you use IQ Options for small deposits and Libertex for deposits over 100 USD.

Both brokers are 100% stable, these They are fully regulated by international institutions,They have low rates and I have worked with them for more than 5 years

I apologize for recommending Etoro in the past.

For years I have been interested in investments; I have always seen them as the best way to generate constant and safe results.

But as it may also happen to you, I had no iniciativa how to entrar that world.

Brokers working in markets like Wall Street have made sure for years that no one entered their territory to be able to charge large commissions in exchange for advice to people like you and me.

It was like trying to break into a bank vault: if you wanted to, you needed someone to open the door for you.

That changed about 8 months ago. when i found the eToro platform to invest, those walls came down and I was finally able to start trading without having to ask anyone’s permission.

General risk warning:79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you cánido afford to take the high risk of losing your money.

It is important to read and understand the risks of this investment which are explained in detail at this backlink.

AFSL 491139. Risk capital. See PDS and TMD.

I haven’t told you yet, but that’s what makes eToro so unique: if you don’t know much about the depósito market, this broker allows you to see the operations of other users and copy them.

However, I don’t want you to think that it’s that fácil: it took me a while to learn how to use this platform. In the beginning I also made some rookie mistakes.

That is why I have made this guide in which I am going to tell you how eToro works and my personal experience to help you get the best possible results with this broker.

Go for it…

As register on eToro

The best way for you to understand how eToro works through this guide is by first registering on their website; so you perro entrar the platform and see for yourself all the functions there are.

Registration is completely free And it takes just a minute to complete. The minimum deposit is only $200 to start trading on eToro.

General risk warning:79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you cánido afford to take the high risk of losing your money.

It is important to read and understand the risks of this investment which are explained in detail at this backlink.

AFSL 491139. Risk capital. See PDS and TMD.

Registration is fácil: you just have to clic on the “Join Now” button, and then put your name, last name, a nombre de usuario and password, your correo electrónico and your cell phone number.

Then you will see some screens to complete your profile in which they will ask you what benefits you want to achieve, what is your experience investing…

This serves to espectáculo you exclusive vídeos and tutorials for you with which it will be easier for you to start your operations.

What is important is that verify your account in the next step, but you’ll see that it’s really easy to do:

  • Take a photo of both sides of your identity document (your identification card) and upload it. Just make sure your data looks good.
  • Write your phone number to send you a free mensaje de texto with your code. When you receive the code, write it in the corresponding box and clic on “Verify”.

When finished, you will see a screen like the one in the image below appear. That means you perro start using your account and see all the exclusive tutorials for you.

Already signed up for eToro? So let’s see now how it works.

General risk warning:79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you perro afford to take the high risk of losing your money.

It is important to read and understand the risks of this investment which are explained in detail at this backlink.

AFSL 491139. Risk capital. See PDS and TMD.

How eToro works: my experience staff

Etoro is a popular trading platform. What does that orinan? I like to define it as a kind of “investment fb“.

It’s like a real popular network where you cánido connect with other investorsfollow them, see their operations, and copy or replicate their strategies to be more successful with yours.

You perro also use the platform traditional waychoosing which assets you want to invest in, for how long…

But what is really interesting is the “People” section: it is there where you cánido see other investors to replicate their trades.

With this, you cánido start investing even if you have very little knowledge on the depósito market, and ensure a high percentage of success.

Here you cánido filter users by seniority, country, the minimum benefits they get, and even see what is your risk level to find traders who have a profile afín to yours.

This makes it easier to analyze investors, and choose one to follow your strategies.

Past performance is not an indication of future results. The trading history presented is less than 5 full years and may not be sufficient as a basis for investment decision. This is not investment advice.

When I started using eToro I was quite scared because I knew very little about Forex trading, and I didn’t want to lose all the money that I had deposited into my account.

That’s why I preferred to play it safe, and looked for some users who continue to replicate his techniques. I chose 3 different people, and I did my trades.

And to this day that is basically the strategy that I have followed in eToro: look for investors with good statistics, follow them, and copy their schemes.

If I verify that some of them lower their performance, I stop following himI look for better ones, and that’s it.

For me This is the best option that you should use Because, if you still don’t have a lot of knowledge about the depósito market, it is better for those who really know to do that job.

AND how do you copy to other expert investors?

Very easy: you just have to go to the “People” section, and do a search configuring the filters that exist.

Below you will see all traders that match your search, and then you just have to clic on them, and on the next screen, clic on “Copy”.

Past performance is not an indication of future results. The trading history presented is less than 5 full years and may not be sufficient as a basis for investment decision. This is not investment advice.

As search and copy to the best traders

Do not get carried away by the first results you find; to have success, you have to learn to search and copy to good investors, or else it won’t do you any good.

Here I teach you the consejos that I use to make sure I find good traders with profitable strategies:

  1. Don’t use fácil search: it is better that you use the advanced search. You do this by logging into your eToro account, clicking on “People”, and then on “Advanced Search” at the top right.
  2. Time frame: the larger you choose it, the more reliable the results will be. I usually select the last two years.
  3. Country: It is better that you leave the “All” option checked to have more users to see.
  4. Verified: It is important that you leave this checked so that you only copy users who have verified their accounts.
  5. Benefits: I always put a personalized benefit. In the minimum I indicate 10% and in the maximum 25%. You perro put a higher number, but then it will espectáculo you a traders They do high-risk operations.
  6. Months with benefits: this is to espectáculo you the profitable months the usuario has had. I like to put a minimum 70%.
  7. Profitable trades: this filter It’s very important. It is the percentage of positive operations that the investor has had. I usually indicate a minimum of 70% or 80%.

When you have finished, you will only have to search with those parameters for other users, and select the one that is best for you. The more demanding you are with the filters, the fewer people will appear in the results.

To be sure that you choose the best broker, it is very important that look at his profile statistics: in the search results, clic on the investor you are interested in, and then on “Statistics”.

I, for example, have been following these months a trader named Alex Plesk. Look at the image below in its percentages: has been increasing its profits throughout this yearand only had a few losses in January.

Past performance is not an indication of future results. The trading history presented is less than 5 full years and may not be sufficient as a basis for investment decision. This is not investment advice.

When you have verified that the investor you have chosen interests you, you only have to clic on the blue “Copy” buttonand you will see two options:

  • Amount: the money you are going to invest to copy the investor. The minimum is $200.
  • Stop copy: this is the maximum money you are willing to lose by copying the investor. If, for example, you choose $50, and making trades there are losses that reach that amount, eToro will stop your investments.

After configuring these options you will only have to clic on “Copy”, and the system will start operating automatically with the strategies of that trader. You won’t need to do anything else.

Etoro pay? Is trustworthy?

Although eToro is one of the most recognized brokers worldwide, I also had doubts and fear at first because the minimum deposit of $200 seemed a bit high to me.

Also, I had never traded Forex before (only in binary options) and did not know much about this market.

Therefore, before registering with eToro, I practiced with your demo account for a few more days to see how it worked and if the graphics were real and not rigged.

General risk warning:79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you perro afford to take the high risk of losing your money.

It is important to read and understand the risks of this investment which are explained in detail at this backlink.

AFSL 491139. Risk capital. See PDS and TMD.

They gave me $200 to practice. and I used the technique of copying another investor because I wanted to see if that was really effective or not.

I didn’t have any problems at the time, and that’s when I decided make my first deposit and start trading for real.

That was 8 months ago, and to this day I still use eToro because I am very happy with the results I have achieved: I have good benefits.

Any questions I have had have always been resolved through their chat in spanish (he usually attends me ximenaa pretty friendly and professional girl).

And they have NEVER been late on any payment: All the money withdrawals that I have requested have been deposited in less than 24 hours, and there are many ways to do it such as PayPal, Skrill, bank transfer, debit or credit card…

My students have also used eToro in the last 3 months, and their experience with this broker has been positive and they are happy with the results they get.

So if you were wondering if eToro is trustworthy, the answer is YES: is one of the most transparent and safe brokers that I have found in a long time, and being able to copy other investors seems very useful for people who have little knowledge about investing.

And you, have you already used eToro to invest? Leave me a comment below and ask me what you want.

DISCLAIMER

eToro is a multi-asset platform that offers investing in stocks and crypto assets, as well as trading CFDs.

Please note that CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you perro afford to take the high risk of losing your money.

Past performance is not an indication of future results. The business history presented is less than 5 full years and may not be sufficient as a basis for the investment decision.

Copy trading is a portfolio management service provided by eToro (Europe) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission.

Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. It is important to read and understand the risks of this investment, which are explained in detail at this backlink.

eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC derivatives are speculative and leveraged. Not suitable for all investors. Equity at risk. See PDS and TMD

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Andrés Gananci is an entrepreneur and adventurer with a passion for life who founded his first en línea business at just 17 years old. 12 years later, he is still traveling the world while working from home.

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