Get into Social Trading with eToro

Have you ever looked into trading stocks and shares and then quickly turned away? After all it can seem like a whole different world.

A world which is shrouded in secrecy, making it near impossible to understand how people are getting the pennies rolling in. Then perhaps eToro could make for your first step into the world of trading.

So what makes eToro different?

eToro is a social trading network, that not only lets you follow and communicate with other users, but also copy what other users are up to.

However, you don’t have to copy users, you can make your own CFD (contract for difference) trades on a huge amount of stocks, inices, commodities, currencies and ETFs (and if that makes sense to you I salute you).

I completely admit I would have no idea where to start when it came to making my own CFD, however, I do find the fact that I can follow and copy users such as Jay Smith (Jaynemesis), really interesting. Jay is considered one of the eToro’s most popular investors to be copied and with 85.35% profit over the last year, you can see why.

Just 28 years old, Jay is a professional gamer, who has travelled the world representing his teams and has an interest in technology, politics, economics, and gaming.

Jay grew up playing strategy games, which perhaps have helped him be successful in the trading world, after all it meant he needed quick reactions, time to study his opponents, learn their play style and plan strategies.

His background however has even more impact on his trading style, than just the techniques he learned in gaming. Jay chooses to mainly trade in cryptocurrencies, after all he came across Bitcoins when they were worth just $12 each (they are now worth over $1000 per coin) and he has also started using Etherium another cryptocurrency which is gaining a lot of traction after the SEC rejected Bitcoin’s attempt to become an ETF.

For longer term trades Jay looks into the tech market, which is a place he feels very comfortable within.

Why choose eToro over other platforms?

As well as being very community driven, which allows you to learn from your peers. The website, according to Jay, also offers a very easy to use interface, which as everyone knows is always a good thing when you are starting out.

So if you are looking to learn more about trading, or you are looking for new place to trade from why not look into eToro?

Have you ever tried trading, how did it go for you? 

*This is a collaborative post.