Ever thought about investing in cryptocurrency? Interested in social trading?
eToro is one of the best social trading platforms available!
There are a lot of questions about social investing out there, and about eToro specifically. In this article, we will answer some of the most frequently asked questions about the social trading platform eToro.
What Is a Social Trading Platform?
Social trading platforms are a great tool for beginners in investing or those with just a casual interest in it. It’s a good way to let your investments work for you instead of the other way around.
What social investing allows you to do is copy the investing and trading strategies of successful investors. You can also share strategies with other investors and engage with the online community.
This is a great tool for people just starting out in investing. Why? Because it allows you to just copy the trades and investments of people who have already done the work and the research to become successful.
Everyone who wants to be successful looks to others for guidance on how to do it. Why not copy the strategies of the successful investors and traders you admire?
Another great thing about many of these social investing tools? If you don’t like 100% of an investor’s strategy, you are able to adjust your copy to better fit your preferences.
These are just a few of the many reasons why social trading is an excellent tool and why you should consider doing it yourself.
What Makes eToro The Best?
There are many social trading tools out there, but we believe that eToro is the right one for you.
eToro has been around since 2007 and has been making investing and trading more accessible to people ever since. Anyone can use eToro, without dependency on financial institutions. Anyone who wants to trade can trade.
There is also an incredibly intuitive eToro app that anyone can download and use. You can start copying trades today if you like!
You can copy anywhere from $200 to $500,000, and you can scale your copy to make it more affordable for you. If you like a particular investor’s style but can’t afford the amounts they are trading, you can copy their exact strategy but scaled down to meet your budget.
eToro is also incredibly safe. If you want to be sure that your investments are secure while trading, eToro is a great place to do that. It’s regulated by most financial regulation laws so you can be certain that your capital is safe.
And everything at eToro is completely transparent, so you’ll never sign up for anything without knowing what you’re getting into. Your safety is incredibly important to the eToro team.
Have More Questions?
Welcome to the wonderful world of social investing! We’re so excited for you to take your first steps into becoming a successful investor and trader.
We hope that we were able to answer some of your questions about the social trading platform eToro. If you have more, you can always look at our FAQ.
Hi, my name’s Joseph Moricca. I’m the Founder of Velox Investments! At 16 I learnt to count cards, at 17 I started day trading on various crypto exchanges and for the last 5 plus years I have been learning about Social Trading on eToro! I found that there wasn’t a good source for people looking to get into “Copy Trading” so I made one! On this website I share my best tips and tricks.