Ever dreamed of making money from trading? Trading seems to be the way to make money and although there is some risk. I wish I understood just how to get started on this way of making money. Previously it seems to be something that happens by clever people in the city. The image of busy stock rooms and people trading vast sums of money is the picture in my head.
eToro is Different
However since launching in 2007, eToro has established itself as the market leader in ‘social trading’. Plus recently received recognition at FinovateEurope 2017 with the Best of Show award. eToro has made trading accessible for the masses. eToro is the world’s leading online social trading network, with over 6 million registered members from 140 different countries and thousands of new accounts opened each day. eToro’s mission is to revolutionise the way people access the financial markets and make their trading experience more social, transparent and enjoyable.
One of the main benefits of the eToro platform is that it is a Social Trading Network. This means that users can “follow”, “communicate” and “copy” other users. This sounds like a great way to understand how the markets and trading works.
Following a user is similar to following someone on Twitter. You click follow on a user’s profile and their activity will appear in your news feed. This allows users to keep up to date with other traders who may have more experience. Us new to the concept can benefit from the experienced users. These users have a proven track record in making money and for me this takes away some of the risk.
eToro also allows users to automatically copy the trades of the platforms leading investors. The eToro platforms transparency allows you to see what users are trading in, in real-time. Upon assessing the trader’s activities, portfolio and risk score, eToro members may choose to ‘copy’ a trader and this enables them to build a ‘people-based portfolio’.
Follow eToros Popular Investors
Jaynemesis currently has 85.35% profits over the last 12 months. His trading strategy is copied by 249 other users from around the world. You can follow him too via this link.
Jay is a professional gamer having travelled the world representing his team and country at eSports tournaments. Having entered this industry early on, Jay is now working on some of the biggest eSports tournaments in the UK, such as the UK Masters. His background has a direct impact on the companies that he trades. Jay mainly trades cryptocurrencies (Bitcoin and Ethereum) and Tech stocks as this is what he knows. As with eSports, Jay came across Bitcoin when it cost only $12 for a coin, a currency that is now worth over $1,000 per coin. Jay’s approach to his trading is to day trade with Bitcoin, he has a solid understanding of Bitcoin and is therefore confident about trading with it. He then looks at longer term trades with other tech stocks.
Jay was drawn to eToro because it is a community driven platform and the interface is easy to use. He now spends between 2-3 hours a day on eToro which has increased significantly as he has become more serious about trading. He enjoys discussing investment strategies and analysis with the eToro community and also the fact that having a public profile with his stats and metrics allows him to show his results to friends and family. Some of his friends have even opened up eToro accounts and “copied” Jay so they can automatically make the same trades as him.
Is trading for you?
This certainly seems a way for your average Jo to get involved in trading. No longer does it need to take place in city banks that are full of misunderstood jargon. eToro could make you money. Plus allow you to trade in the way that many of the wealthy do.