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eToro is a well-known multi-asset and social brokerage firm specializing in financial and copy services.

It’s both a real estate agent and a social network. You can trade securities, foreign currencies, commodities, indices and cryptocurrencies with eToro and other brokerage firms. But you can communicate with the world through a social network. eToro can be seen as a cross between a shopping site and Facebook.

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eToro

eToro is a brokerage company that combines social commerce and various assets in its offer.

This is the famous Israeli company fintech, a social trade broker founded in 2007. The most important feature of this innovative proprietary platform is the ease with which a single customer can participate in the copying activities. The eToro network includes traders who wish to be copied and who are subject to risk control laws. This availability enables retail account holders to replicate the business and commercial practices of their most active customers, both automatically and in real time. It should be recalled that trading copies is not in itself a guarantee of profit or loss.

Best use of eToroTips

There are no merchants who have never suffered a loss, but there are those who, having lost all their capital, are forever disappointed by the trade. If you do not wish to be part of it, various implementation approaches are recommended. Here are some tips to help you understand how to use Etoro effectively.

Start-up risk management

Every successful investment starts with risk management. Markets can be highly uncertain, especially if you trade in volatile sources such as currencies. Sensible traders seek to balance their assets with a diversified portfolio. If you trade a wide range of assets, you are not exposed to certain losses, which means that if one of the assets collapses, the other continues to operate and you do not lose economically.

Assessment of the public profile and statistics of all known investors

Unlike other financial networks (Tradeo, Zulutrade, etc.), every professional eToro investor who chooses social trading has a public profile with a real name and a picture that any other trader can see. It does not contain confidential information such as personal data or your account balance, but displays your business activities and statistics. If you’re planning on copying someone, you need to find out. This is another aspect of risk management that is indeed central to rational thinking. Unfortunately, some investors do not bother to do good research on a person whose investments they hope to copy. Below is a checklist for exchanging copies.

• Platform time – you are expected to stop the young accounts.
• Multiple copies – a large number of copies is a positive indicator, but does not offer 100% protection.
• Working with Newsfeed – Does a reseller participate and exchange useful information?
• The private portfolio – is it diversified or specialized?
• Risk Level – Avoid high risk amounts if you do not have great confidence in the trader.

Selecting the test editor

The choice of publisher is one of the unique editions of eToro. It presents a weekly selection of the top investors who have attracted the attention of eToro’s trade experts. You can see a picture of each UI running with important information from their profile and a description of their transactions and strategies. Choosing a publisher is a good way to find out about the investors that are currently popular around the world and to get a first glimpse of the copy business. With a single click you can add the people in the editor’s selection directly to the viewer list or go directly to their description and talk to them directly via their Newsfeed. Anyone who wants quick and easy access to the basics of the copying business should first consider choosing an editor.

Protect your financial resources with a copy of the Stop Losses

An efficient copying company is also a long-term investment. Some dealers run copies for months or even years. One of the most effective solutions is the use of stop-losses when opening a copy shop. If the famous investor you copy suddenly starts to lose capital, you are protected against unnecessary losses. By copying in stop loss, the copying contract is automatically concluded at the time of your choice. If you have improved your employee portfolio and are copying more ordinary investors, you may be able to significantly reduce your losses and continue to benefit from other copying companies.

Copy for multiple persons

Diversification is a key concept for effective investment. And for eToro, there are no exceptions. All investors have difficult days, weeks and even months. In order to secure your account, it is therefore advisable to copy multiple merchants from the stores.

Attracting young accounts

Many well-known traders advise against copying a person who has been on the trading platform for less than six months. They believe that six months is the minimum time to ensure that someone is reliable, good and not just lucky. Long-term results are not fibers. Each trader can experience a period of prosperity or discover an economic niche environment that offers a range of benefits. Only a truly qualified and experienced person can regularly achieve positive results. Do not hang up if you see multiple losses or months of loss based on the statistics of a known investor. Serious traders expect losses and are willing to acknowledge them and take advantage of them. What you think is a broader vision, a search for a trend towards common performance.

Conclusions

eToro enables its users to track, copy and create their own transactions, as well as the financial trading activities of other customers. It also offers beginners in cryptographic currency trading an attractive forum that is surprisingly easy to use until you need help. Training is simple and you need to do some research and create a lot of new tabs in your browser to access affordable education.

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